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.
31 hedge funds and large institutions have $98.3M 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 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 22 reducing their positions, and 27 closing their positions.
45% less funds holding
Funds holding: 56 → 31 (-25)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
54% less capital invested
Capital invested by funds: $212M → $98.3M (-$114M)
91% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 22
93% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Melqart Asset Management
London,
United Kingdom
|
+$1.47M |
| 2 |
DIG
DeepCurrents Investment Group
New York
|
+$54.6K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$32K |
| 4 |
CCM
Condor Capital Management
Martinsville,
New Jersey
|
+$24.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$14.5M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$13M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$11.3M |
| 4 |
SC
Sculptor Capital
New York
|
-$10.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$6.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
EAM
51
Exos Asset Management
New York
| – | -$437K | -41,900 | Closed |
|
52
HighTower Advisors
Chicago,
Illinois
| – | -$234K | -22,546 | Closed |
|
|
SSA
53
Schonfeld Strategic Advisors
New York
| – | -$202K | -19,382 | Closed |
|
|
OAC
54
OMERS Administration Corp
Toronto,
Ontario, Canada
| – | -$107K | -10,300 | Closed |
|
|
PAM
55
Panagora Asset Management
Boston,
Massachusetts
| – | -$87.9K | -8,250 | -100% |
|
56
Bank of America
Charlotte,
North Carolina
| – | -$70K | -6,700 | Closed |
|
57
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
| – | -$10K | -1,000 | Closed |
|
HIGA.U Hedge Fund Activity: Q1 2021 in Review
31 of the 5,696 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 Q1 2021, worth a combined $98.3M — down 54% from $212M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of HIGA.U and 2 opened new positions — a net loss of 25 holders — while 22 trimmed existing stakes and 2 added.
The largest buyer was Melqart Asset Management, opening a new position worth an estimated $1.47M. The largest seller was HGC Investment Management, exiting entirely with an estimated $14.5M sold.
- 31 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 Q1 2021, down from 56 in Q4 2020.
- Funds reported $98.3M of H.I.G. Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant stock for Q1 2021, down 54% quarter-over-quarter.
- 2 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 Q1 2021 and 27 closed out, a net change of -25 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 Q1 2021 was Melqart Asset Management, an estimated $1.47M 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 Q1 2021 was HGC Investment Management, an estimated $14.5M sold.
Based on aggregated 13F filings for Q1 2021.