Horizon Acquisition Corporation II Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
HZON.U
HZON.U was delisted on the 19th of April, 2023.
15 hedge funds and large institutions have $25M invested in Horizon Acquisition Corporation II 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 1 funds opening new positions, 2 increasing their positions, 10 reducing their positions, and 43 closing their positions.
74% less funds holding
Funds holding: 57 → 15 (-42)
80% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 10
90% less capital invested
Capital invested by funds: $251M → $25M (-$226M)
98% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 43
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAL
TIG Advisors LLC
New York
|
+$254K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$25.2K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$20.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BG
Baupost Group
Boston,
Massachusetts
|
-$37.6M |
| 2 |
Millennium Management
New York
|
-$14.6M |
| 3 |
SC
Sculptor Capital
New York
|
-$14.2M |
| 4 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$13.9M |
| 5 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$12.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LCS
51
Levin Capital Strategies
New York
| – | -$430K | -40,000 | Closed |
|
52
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$422K | -37,225 | -100% |
|
|
SSA
53
Schonfeld Strategic Advisors
New York
| – | -$322K | -30,000 | Closed |
|
|
WRBC
54
W.R. Berkley Corp
Greenwich,
Connecticut
| – | -$209K | -19,422 | Closed |
|
|
VCM
55
Vivaldi Capital Management
Chicago,
Illinois
| – | -$196K | -18,230 | Closed |
|
|
EAM
56
Exos Asset Management
New York
| – | -$144K | -13,400 | Closed |
|
|
PAM
57
Panagora Asset Management
Boston,
Massachusetts
| – | -$93.6K | -8,251 | -100% |
|
HZON.U Hedge Fund Activity: Q1 2021 in Review
15 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Horizon Acquisition Corporation II Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant (HZON.U) for Q1 2021, worth a combined $25M — down 90% from $251M a quarter earlier.
Sellers outnumbered buyers: 43 funds closed out of HZON.U and 1 opened new positions — a net loss of 42 holders — while 10 trimmed existing stakes and 2 added.
The largest buyer was TIG Advisors LLC, adding an estimated $254K. The largest seller was Baupost Group, exiting entirely with an estimated $37.6M sold.
- 15 institutional investors held Horizon Acquisition Corporation II Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant (HZON.U) as of Q1 2021, down from 57 in Q4 2020.
- Funds reported $25M of Horizon Acquisition Corporation II Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant stock for Q1 2021, down 90% quarter-over-quarter.
- 1 fund opened new Horizon Acquisition Corporation II Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant positions in Q1 2021 and 43 closed out, a net change of -42 holders.
- The largest Horizon Acquisition Corporation II Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant buyer in Q1 2021 was TIG Advisors LLC, an estimated $254K added.
- The largest Horizon Acquisition Corporation II Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant seller in Q1 2021 was Baupost Group, an estimated $37.6M sold.
Based on aggregated 13F filings for Q1 2021.