H.I.G. Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
HIGA.U
HIGA.U was delisted on the 21st of October, 2022.
28 hedge funds and large institutions have $67.2M invested in H.I.G. Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 8 reducing their positions, and 6 closing their positions.
10% less funds holding
Funds holding: 31 → 28 (-3)
32% less capital invested
Capital invested by funds: $98.3M → $67.2M (-$31.2M)
50% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 6
75% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 8
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$105K |
| 2 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$8.1K |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$5.06K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.79K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.01K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACA
Arena Capital Advisors
Los Angeles,
California
|
-$17.2M |
| 2 |
SRCM
Sage Rock Capital Management
New York
|
-$5.88M |
| 3 |
CCM
CAAS Capital Management
New York
|
-$1.66M |
| 4 |
MTCM
Mint Tower Capital Management
Amsterdam,
Netherlands
|
-$973K |
| 5 |
RA
Ramius Advisors
New York
|
-$835K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
WAM
26
Wolverine Asset Management
Chicago,
Illinois
| $2K | +$2.79K | +275 | New |
|
|
MF
27
Magnetar Financial
Evanston,
Illinois
| $1.77K | – | – | – |
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| $1K | -$33.9K | -3,345 | -97% |
|
|
SRCM
29
Sage Rock Capital Management
New York
| – | -$5.88M | -573,800 | Closed |
|
|
CCM
30
CAAS Capital Management
New York
| – | -$1.66M | -162,500 | Closed |
|
|
MTCM
31
Mint Tower Capital Management
Amsterdam,
Netherlands
| – | -$973K | -95,036 | Closed |
|
|
RA
32
Ramius Advisors
New York
| – | -$835K | -81,575 | Closed |
|
|
VF
33
Virtu Financial
New York
| – | -$249K | -24,281 | Closed |
|
HIGA.U Hedge Fund Activity: Q2 2021 in Review
28 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in H.I.G. Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant (HIGA.U) for Q2 2021, worth a combined $67.2M — down 32% from $98.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of HIGA.U and 3 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 2 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $105K. The largest seller was Arena Capital Advisors, cutting an estimated $17.2M.
- 28 institutional investors held H.I.G. Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant (HIGA.U) as of Q2 2021, down from 31 in Q1 2021.
- Funds reported $67.2M of H.I.G. Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant stock for Q2 2021, down 32% quarter-over-quarter.
- 3 funds opened new H.I.G. Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant positions in Q2 2021 and 6 closed out, a net change of -3 holders.
- The largest H.I.G. Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant buyer in Q2 2021 was Susquehanna International Group, an estimated $105K added.
- The largest H.I.G. Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant seller in Q2 2021 was Arena Capital Advisors, an estimated $17.2M sold.
Based on aggregated 13F filings for Q2 2021.