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.
23 hedge funds and large institutions have $36.7M 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 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 5 reducing their positions, and 8 closing their positions.
18% less funds holding
Funds holding: 28 → 23 (-5)
45% less capital invested
Capital invested by funds: $67.2M → $36.7M (-$30.5M)
63% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 8
80% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$1.51M |
| 2 |
TAL
TIG Advisors LLC
New York
|
+$1.28M |
| 3 |
VF
Virtu Financial
New York
|
+$185K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$3.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$25.1M |
| 2 |
ACA
Arena Capital Advisors
Los Angeles,
California
|
-$2.87M |
| 3 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$2.8M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.56M |
| 5 |
MAM
Melqart Asset Management
London,
United Kingdom
|
-$1.38M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCM
26
Shaolin Capital Management
Miami,
Florida
| – | -$2.8M | -278,728 | Closed |
|
|
AA
27
AQR Arbitrage
Greenwich,
Connecticut
| – | -$1.56M | -155,000 | Closed |
|
|
MAM
28
Melqart Asset Management
London,
United Kingdom
| – | -$1.38M | -137,700 | Closed |
|
|
BCM
29
Bluefin Capital Management
New York
| – | -$318K | -31,712 | Closed |
|
30
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$104K | -10,383 | Closed |
|
|
WAM
31
Wolverine Asset Management
Chicago,
Illinois
| – | -$2K | -275 | Closed |
|
HIGA.U Hedge Fund Activity: Q3 2021 in Review
23 of the 5,713 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 Q3 2021, worth a combined $36.7M — down 45% from $67.2M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of HIGA.U and 3 opened new positions — a net loss of 5 holders — while 5 trimmed existing stakes and 1 added.
The largest buyer was Periscope Capital, opening a new position worth an estimated $1.51M. The largest seller was BlueCrest Capital Management, exiting entirely with an estimated $25.1M sold.
- 23 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 Q3 2021, down from 28 in Q2 2021.
- Funds reported $36.7M of H.I.G. Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant stock for Q3 2021, down 45% 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 Q3 2021 and 8 closed out, a net change of -5 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 Q3 2021 was Periscope Capital, an estimated $1.51M 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 Q3 2021 was BlueCrest Capital Management, an estimated $25.1M sold.
Based on aggregated 13F filings for Q3 2021.