Hennessy Capital Acquisition Corp. III Units, each consisting of one share of Common Stock and one-h
HCAC.U
HCAC.U was delisted on the 11th of October, 2018.
22 hedge funds and large institutions have $92M invested in Hennessy Capital Acquisition Corp. III Units, each consisting of one share of Common Stock and one-h in 2017 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 11 reducing their positions, and 15 closing their positions.
35% less funds holding
Funds holding: 34 → 22 (-12)
54% less capital invested
Capital invested by funds: $200M → $92M (-$108M)
80% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 15
91% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 11
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMU
Pictet Asset Management (UK)
London,
United Kingdom
|
+$14.3M |
| 2 |
CI
Cowen Inc
New York
|
+$4.61M |
| 3 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$544K |
| 4 |
MWNA
Marshall Wace North America
New York
|
+$127K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$18.4M |
| 2 |
AIM
Assured Investment Management
New York
|
-$15.1M |
| 3 |
AGC
Angelo Gordon & Co
New York
|
-$14.1M |
| 4 |
FTCM
Fir Tree Capital Management
New York
|
-$10.1M |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$9.05M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
FTCM
26
Fir Tree Capital Management
New York
| – | -$10.1M | -1,000,000 | Closed |
|
|
KPF
27
K2 Principal Fund
Toronto,
Ontario, Canada
| – | -$9.05M | -900,000 | Closed |
|
|
WRBC
28
W.R. Berkley Corp
Greenwich,
Connecticut
| – | -$5.84M | -581,340 | Closed |
|
|
AA
29
AQR Arbitrage
Greenwich,
Connecticut
| – | -$5.03M | -500,000 | Closed |
|
|
LA
30
Linden Advisors
New York
| – | -$5.03M | -500,000 | Closed |
|
|
CFIC
31
City Financial Investment Company
London,
United Kingdom
| – | -$4.75M | -472,800 | Closed |
|
|
6CM
32
683 Capital Management
New York
| – | -$4.5M | -450,000 | Closed |
|
|
MIM
33
Monashee Investment Management
Boston,
Massachusetts
| – | -$3.02M | -300,000 | Closed |
|
|
WAM
34
Weiss Asset Management
Boston,
Massachusetts
| – | -$3.02M | -300,000 | Closed |
|
35
D.E. Shaw & Co
New York
| – | -$2.99M | -297,760 | Closed |
|
36
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$2.47M | -246,000 | Closed |
|
|
ICM
37
Ionic Capital Management
New York
| – | -$925K | -92,000 | Closed |
|
38
Citadel Advisors
Miami,
Florida
| – | -$105K | -10,437 | Closed |
|
HCAC.U Hedge Fund Activity: Q3 2017 in Review
22 of the 4,011 institutional investors tracked by Wall St. Rank reported a position in Hennessy Capital Acquisition Corp. III Units, each consisting of one share of Common Stock and one-h (HCAC.U) for Q3 2017, worth a combined $92M — down 54% from $200M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of HCAC.U and 3 opened new positions — a net loss of 12 holders — while 11 trimmed existing stakes and 1 added.
The largest buyer was Pictet Asset Management (UK), opening a new position worth an estimated $14.3M. The largest seller was Polar Asset Management Partners, cutting an estimated $18.4M.
- 22 institutional investors held Hennessy Capital Acquisition Corp. III Units, each consisting of one share of Common Stock and one-h (HCAC.U) as of Q3 2017, down from 34 in Q2 2017.
- Funds reported $92M of Hennessy Capital Acquisition Corp. III Units, each consisting of one share of Common Stock and one-h stock for Q3 2017, down 54% quarter-over-quarter.
- 3 funds opened new Hennessy Capital Acquisition Corp. III Units, each consisting of one share of Common Stock and one-h positions in Q3 2017 and 15 closed out, a net change of -12 holders.
- The largest Hennessy Capital Acquisition Corp. III Units, each consisting of one share of Common Stock and one-h buyer in Q3 2017 was Pictet Asset Management (UK), an estimated $14.3M added.
- The largest Hennessy Capital Acquisition Corp. III Units, each consisting of one share of Common Stock and one-h seller in Q3 2017 was Polar Asset Management Partners, an estimated $18.4M sold.
Based on aggregated 13F filings for Q3 2017.