Emerging Markets Horizon Corp. Unit
HORIU
HORIU was delisted on the 8th of March, 2023.
17 hedge funds and large institutions have $21.5M invested in Emerging Markets Horizon Corp. Unit in 2022 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 1 increasing their positions, 5 reducing their positions, and 38 closing their positions.
67% less funds holding
Funds holding: 51 → 17 (-34)
80% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 5
82% less capital invested
Capital invested by funds: $123M → $21.5M (-$101M)
89% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Prelude Capital Management
New York
|
+$1.01M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$678K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
+$500K |
| 4 |
CAC
Cowen and Company
New York
|
+$254K |
| 5 |
State Street
Boston,
Massachusetts
|
+$132K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$15M |
| 2 |
SCM
Saba Capital Management
New York
|
-$10.6M |
| 3 |
HCM
Highbridge Capital Management
New York
|
-$6.84M |
| 4 |
SV
Starboard Value
New York
|
-$5M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$4.96M |
HORIU Hedge Fund Activity: Q1 2022 in Review
17 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Emerging Markets Horizon Corp. Unit (HORIU) for Q1 2022, worth a combined $21.5M — down 82% from $123M a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of HORIU and 4 opened new positions — a net loss of 34 holders — while 5 trimmed existing stakes and 1 added.
The largest buyer was Prelude Capital Management, opening a new position worth an estimated $1.01M. The largest seller was Adage Capital Partners, exiting entirely with an estimated $15M sold.
- 17 institutional investors held Emerging Markets Horizon Corp. Unit (HORIU) as of Q1 2022, down from 51 in Q4 2021.
- Funds reported $21.5M of Emerging Markets Horizon Corp. Unit stock for Q1 2022, down 82% quarter-over-quarter.
- 4 funds opened new Emerging Markets Horizon Corp. Unit positions in Q1 2022 and 38 closed out, a net change of -34 holders.
- The largest Emerging Markets Horizon Corp. Unit buyer in Q1 2022 was Prelude Capital Management, an estimated $1.01M added.
- The largest Emerging Markets Horizon Corp. Unit seller in Q1 2022 was Adage Capital Partners, an estimated $15M sold.
Based on aggregated 13F filings for Q1 2022.