HH&L Acquisition Co.
HHLA
HHLA was delisted on the 9th of February, 2024.
19 hedge funds and large institutions have $60.6M invested in HH&L Acquisition Co. in 2023 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 16 closing their positions.
39% less funds holding
Funds holding: 31 → 19 (-12)
43% less capital invested
Capital invested by funds: $107M → $60.6M (-$46.3M)
47% less call options, than puts
Call options by funds: $838K | Put options by funds: $1.59M
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
75% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 16
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
+$4.27M |
| 2 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$2.94M |
| 3 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$2.03M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$1.44M |
| 5 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$553K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Athos Capital
Hong Kong
|
-$16.7M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$8.25M |
| 3 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$6.22M |
| 4 |
BFM
Boothbay Fund Management
New York
|
-$6.13M |
| 5 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
-$4.32M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Balyasny Asset Management
Chicago,
Illinois
| – | -$1.29M | -125,000 | Closed |
|
|
FSI
27
Flow State Investments
Chicago,
Illinois
| – | -$1.03M | -100,000 | Closed |
|
|
NMC
28
Nine Masts Capital
Central,
Hong Kong
| – | -$971K | -94,027 | Closed |
|
|
KIM
29
Karpus Investment Management
Pittsford,
New York
| – | -$557K | -53,898 | Closed |
|
|
SSA
30
Schonfeld Strategic Advisors
New York
| – | -$300K | -29,063 | Closed |
|
|
GCWM
31
Graham Capital Wealth Management
Washington D.c.,
District of Columbia
| – | -$2.42M | -23,400 | Closed |
|
|
CC
32
Centiva Capital
New York
| – | -$167K | -16,155 | Closed |
|
|
DWM
33
Dakota Wealth Management
Palm Beach Gardens,
Florida
| – | -$137K | -13,300 | Closed |
|
|
WAM
34
Wolverine Asset Management
Chicago,
Illinois
| – | -$47.4K | -4,586 | Closed |
|
35
UBS Group
Zurich,
Switzerland
| – | -$22.6K | -2,192 | Closed |
|
HHLA Hedge Fund Activity: Q2 2023 in Review
19 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in HH&L Acquisition Co. (HHLA) for Q2 2023, worth a combined $60.6M — down 43% from $107M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of HHLA and 4 opened new positions — a net loss of 12 holders — while 8 trimmed existing stakes and 4 added.
The largest buyer was Fir Tree Capital Management, adding an estimated $4.27M. The largest seller was Athos Capital, exiting entirely with an estimated $16.7M sold.
- 19 institutional investors held HH&L Acquisition Co. (HHLA) as of Q2 2023, down from 31 in Q1 2023.
- Funds reported $60.6M of HH&L Acquisition Co. stock for Q2 2023, down 43% quarter-over-quarter.
- 4 funds opened new HH&L Acquisition Co. positions in Q2 2023 and 16 closed out, a net change of -12 holders.
- The largest HH&L Acquisition Co. buyer in Q2 2023 was Fir Tree Capital Management, an estimated $4.27M added.
- The largest HH&L Acquisition Co. seller in Q2 2023 was Athos Capital, an estimated $16.7M sold.
Based on aggregated 13F filings for Q2 2023.