GX Acquisiton Corp. Unit
GXGXU
GXGXU was delisted on the 16th of July, 2021.
24 hedge funds and large institutions have $74.1M invested in GX Acquisiton Corp. Unit in 2020 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 6 reducing their positions, and 9 closing their positions.
17% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 6
23% less funds holding
Funds holding: 31 → 24 (-7)
33% less capital invested
Capital invested by funds: $111M → $74.1M (-$36.8M)
67% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 9
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$5.13M |
| 2 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$2.59M |
| 3 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
+$1.7M |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$1.2M |
| 5 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
+$518K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NI
NFC Investments
Memphis,
Tennessee
|
-$7M |
| 2 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$6.58M |
| 3 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$6.41M |
| 4 |
Millennium Management
New York
|
-$5.18M |
| 5 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$4.15M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Millennium Management
New York
| – | -$5.18M | -500,000 | Closed |
|
|
UOC
27
UBS O'Connor
Chicago,
Illinois
| – | -$4.15M | -400,000 | Closed |
|
|
MI
28
MMCAP International
Grand Cayman,
Cayman Islands
| – | -$4.02M | -387,306 | Closed |
|
|
CIM
29
Cowen Investment Management
New York
| – | -$3.11M | -300,000 | Closed |
|
|
SM
30
Scoggin Management
New York
| – | -$2.59M | -250,000 | Closed |
|
|
ICM
31
Ionic Capital Management
New York
| – | -$520K | -50,000 | Closed |
|
GXGXU Hedge Fund Activity: Q1 2020 in Review
24 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in GX Acquisiton Corp. Unit (GXGXU) for Q1 2020, worth a combined $74.1M — down 33% from $111M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of GXGXU and 3 opened new positions — a net loss of 6 holders — while 6 trimmed existing stakes and 7 added.
The largest buyer was Longfellow Investment Management, adding an estimated $5.13M. The largest seller was NFC Investments, exiting entirely with an estimated $7M sold.
- 24 institutional investors held GX Acquisiton Corp. Unit (GXGXU) as of Q1 2020, down from 31 in Q4 2019.
- Funds reported $74.1M of GX Acquisiton Corp. Unit stock for Q1 2020, down 33% quarter-over-quarter.
- 3 funds opened new GX Acquisiton Corp. Unit positions in Q1 2020 and 9 closed out, a net change of -6 holders.
- The largest GX Acquisiton Corp. Unit buyer in Q1 2020 was Longfellow Investment Management, an estimated $5.13M added.
- The largest GX Acquisiton Corp. Unit seller in Q1 2020 was NFC Investments, an estimated $7M sold.
Based on aggregated 13F filings for Q1 2020.