G Squared Ascend I Inc. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant to acquire one Class A ordinary share
GSQD.U
GSQD.U was delisted on the 8th of February, 2023.
33 hedge funds and large institutions have $38.2M invested in G Squared Ascend I Inc. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant to acquire one Class A ordinary share in 2021 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 4 increasing their positions, 11 reducing their positions, and 19 closing their positions.
28% less funds holding
Funds holding: 46 → 33 (-13)
63% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 19
64% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 11
71% less capital invested
Capital invested by funds: $131M → $38.2M (-$92.9M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$3.99M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$567K |
| 3 |
JP Morgan Chase
New York
|
+$499K |
| 4 |
CAC
Cowen and Company
New York
|
+$321K |
| 5 |
VF
Virtu Financial
New York
|
+$253K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$31.4M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$19.6M |
| 3 |
KC
Kepos Capital
New York
|
-$14.1M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$12.6M |
| 5 |
CHP
Castle Hook Partners
New York
|
-$4.02M |
GSQD.U Hedge Fund Activity: Q3 2021 in Review
33 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in G Squared Ascend I Inc. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant to acquire one Class A ordinary share (GSQD.U) for Q3 2021, worth a combined $38.2M — down 71% from $131M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of GSQD.U and 7 opened new positions — a net loss of 12 holders — while 11 trimmed existing stakes and 4 added.
The largest buyer was Bank of America, opening a new position worth an estimated $3.99M. The largest seller was Glazer Capital LLC, exiting entirely with an estimated $31.4M sold.
- 33 institutional investors held G Squared Ascend I Inc. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant to acquire one Class A ordinary share (GSQD.U) as of Q3 2021, down from 46 in Q2 2021.
- Funds reported $38.2M of G Squared Ascend I Inc. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant to acquire one Class A ordinary share stock for Q3 2021, down 71% quarter-over-quarter.
- 7 funds opened new G Squared Ascend I Inc. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant to acquire one Class A ordinary share positions in Q3 2021 and 19 closed out, a net change of -12 holders.
- The largest G Squared Ascend I Inc. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant to acquire one Class A ordinary share buyer in Q3 2021 was Bank of America, an estimated $3.99M added.
- The largest G Squared Ascend I Inc. Units, each consisting of one Class A ordinary share and one-fifth of one Warrant to acquire one Class A ordinary share seller in Q3 2021 was Glazer Capital LLC, an estimated $31.4M sold.
Based on aggregated 13F filings for Q3 2021.