USHG Acquisition Corp. Units, each consisting of one share of Class A Common Stock, and one-third of one Warrant
HUGS.U
HUGS.U was delisted on the 23rd of December, 2022.
21 hedge funds and large institutions have $49.3M invested in USHG Acquisition Corp. Units, each consisting of one share of Class A Common Stock, and one-third of one Warrant in 2021 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 35 closing their positions.
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
59% less capital invested
Capital invested by funds: $120M → $49.3M (-$70.9M)
60% less funds holding
Funds holding: 53 → 21 (-32)
91% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 35
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wolverine Trading
Chicago,
Illinois
|
+$377K |
| 2 |
ZIG
Zuckerman Investment Group
Chicago,
Illinois
|
+$244K |
| 3 |
Select Equity Group
New York
|
+$206K |
| 4 |
Walleye Capital
New York
|
+$184K |
| 5 |
Janus Henderson Group
London,
United Kingdom
|
+$107K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$16.5M |
| 2 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$13.6M |
| 3 |
TCIM
TOMS Capital Investment Management
New York
|
-$5.9M |
| 4 |
JGC
J. Goldman & Co
New York
|
-$5.8M |
| 5 |
Millennium Management
New York
|
-$4.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HHGC
51
Hunting Hill Global Capital
New York
| – | -$100K | -10,000 | Closed |
|
52
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$5K | -500 | Closed |
|
|
PMAM
53
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
| – | -$1K | -2 | Closed |
|
|
HNB
54
Huntington National Bank
Columbus,
Ohio
| – | +$11 | +1 | New |
|
HUGS.U Hedge Fund Activity: Q4 2021 in Review
21 of the 6,499 institutional investors tracked by Wall St. Rank reported a position in USHG Acquisition Corp. Units, each consisting of one share of Class A Common Stock, and one-third of one Warrant (HUGS.U) for Q4 2021, worth a combined $49.3M — down 59% from $120M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of HUGS.U and 3 opened new positions — a net loss of 32 holders — while 8 trimmed existing stakes and 5 added.
The largest buyer was Wolverine Trading, opening a new position worth an estimated $377K. The largest seller was Morgan Stanley, exiting entirely with an estimated $16.5M sold.
- 21 institutional investors held USHG Acquisition Corp. Units, each consisting of one share of Class A Common Stock, and one-third of one Warrant (HUGS.U) as of Q4 2021, down from 53 in Q3 2021.
- Funds reported $49.3M of USHG Acquisition Corp. Units, each consisting of one share of Class A Common Stock, and one-third of one Warrant stock for Q4 2021, down 59% quarter-over-quarter.
- 3 funds opened new USHG Acquisition Corp. Units, each consisting of one share of Class A Common Stock, and one-third of one Warrant positions in Q4 2021 and 35 closed out, a net change of -32 holders.
- The largest USHG Acquisition Corp. Units, each consisting of one share of Class A Common Stock, and one-third of one Warrant buyer in Q4 2021 was Wolverine Trading, an estimated $377K added.
- The largest USHG Acquisition Corp. Units, each consisting of one share of Class A Common Stock, and one-third of one Warrant seller in Q4 2021 was Morgan Stanley, an estimated $16.5M sold.
Based on aggregated 13F filings for Q4 2021.