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.
22 hedge funds and large institutions have $10M 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 2022 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 7 reducing their positions, and 3 closing their positions.
4% less funds holding
Funds holding: 23 → 22 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
35% less capital invested
Capital invested by funds: $15.5M → $10M (-$5.49M)
86% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$801K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$98.9K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$89 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$4.75M |
| 2 |
TAL
TIG Advisors LLC
New York
|
-$844K |
| 3 |
ECM
ExodusPoint Capital Management
New York
|
-$432K |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
-$169K |
| 5 |
CS
Clear Street
New York
|
-$33.7K |
GSQD.U Hedge Fund Activity: Q2 2022 in Review
22 of the 5,960 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 Q2 2022, worth a combined $10M — down 35% from $15.5M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of GSQD.U and 2 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 1 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $801K. The largest seller was Westchester Capital Management (New York), exiting entirely with an estimated $4.75M sold.
- 22 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 Q2 2022, down from 23 in Q1 2022.
- Funds reported $10M 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 Q2 2022, down 35% quarter-over-quarter.
- 2 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 Q2 2022 and 3 closed out, a net change of -1 holder.
- 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 Q2 2022 was Virtu Financial, an estimated $801K 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 Q2 2022 was Westchester Capital Management (New York), an estimated $4.75M sold.
Based on aggregated 13F filings for Q2 2022.