Iconic Sports Acquisition Corp.
ICNC
ICNC was delisted on the 26th of September, 2023.
62 hedge funds and large institutions have $304M invested in Iconic Sports Acquisition Corp. in 2023 Q1 according to their latest regulatory filings, with 12 funds opening new positions, 9 increasing their positions, 13 reducing their positions, and 6 closing their positions.
100% more first-time investments, than exits
New positions opened: 12 | Existing positions closed: 6
11% more funds holding
Funds holding: 56 → 62 (+6)
8% more capital invested
Capital invested by funds: $281M → $304M (+$22.8M)
31% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 13
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$19.9M |
| 2 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$15.8M |
| 3 |
BFM
Boothbay Fund Management
New York
|
+$11.3M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$6.78M |
| 5 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$6.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$14.8M |
| 2 |
CM
Cohanzick Management
Pleasantville,
New York
|
-$12.5M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$6.15M |
| 4 |
RA
RiverPark Advisors
New York
|
-$5.12M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$5.06M |
ICNC Hedge Fund Activity: Q1 2023 in Review
62 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Iconic Sports Acquisition Corp. (ICNC) for Q1 2023, worth a combined $304M — up 8.1% from $281M a quarter earlier.
Buyers outnumbered sellers: 12 funds opened new ICNC positions and 6 closed out — a net gain of 6 holders — while 9 added to existing stakes and 13 trimmed.
The largest buyer was Meteora Capital, opening a new position worth an estimated $19.9M. The largest seller was Marshall Wace, exiting entirely with an estimated $14.8M sold.
- 62 institutional investors held Iconic Sports Acquisition Corp. (ICNC) as of Q1 2023, up from 56 in Q4 2022.
- Funds reported $304M of Iconic Sports Acquisition Corp. stock for Q1 2023, up 8.1% quarter-over-quarter.
- 12 funds opened new Iconic Sports Acquisition Corp. positions in Q1 2023 and 6 closed out, a net change of +6 holders.
- The largest Iconic Sports Acquisition Corp. buyer in Q1 2023 was Meteora Capital, an estimated $19.9M added.
- The largest Iconic Sports Acquisition Corp. seller in Q1 2023 was Marshall Wace, an estimated $14.8M sold.
Based on aggregated 13F filings for Q1 2023.