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.
53 hedge funds and large institutions have $120M invested in USHG Acquisition Corp. Units, each consisting of one share of Class A Common Stock, and one-third of one Warrant in 2021 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 12 reducing their positions, and 15 closing their positions.
8% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 12
11% less capital invested
Capital invested by funds: $134M → $120M (-$14.3M)
17% less funds holding
Funds holding: 64 → 53 (-11)
67% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
+$1.49M |
| 2 |
Morgan Stanley
New York
|
+$831K |
| 3 |
TCIM
TOMS Capital Investment Management
New York
|
+$793K |
| 4 |
Select Equity Group
New York
|
+$642K |
| 5 |
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
|
+$349K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GPCM
Granite Point Capital Management
Boston,
Massachusetts
|
-$4.01M |
| 2 |
Allianz Asset Management
Munich,
Germany
|
-$2.67M |
| 3 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$2.5M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$2.15M |
| 5 |
Millennium Management
New York
|
-$1.38M |
HUGS.U Hedge Fund Activity: Q3 2021 in Review
53 of the 5,728 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 Q3 2021, worth a combined $120M — down 11% from $134M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of HUGS.U and 5 opened new positions — a net loss of 10 holders — while 12 trimmed existing stakes and 11 added.
The largest buyer was HGC Investment Management, opening a new position worth an estimated $1.49M. The largest seller was Granite Point Capital Management, exiting entirely with an estimated $4.01M sold.
- 53 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 Q3 2021, down from 64 in Q2 2021.
- Funds reported $120M of USHG Acquisition Corp. Units, each consisting of one share of Class A Common Stock, and one-third of one Warrant stock for Q3 2021, down 11% quarter-over-quarter.
- 5 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 Q3 2021 and 15 closed out, a net change of -10 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 Q3 2021 was HGC Investment Management, an estimated $1.49M 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 Q3 2021 was Granite Point Capital Management, an estimated $4.01M sold.
Based on aggregated 13F filings for Q3 2021.