Iconic Sports Acquisition Corp.
ICNC
ICNC was delisted on the 26th of September, 2023.
23 hedge funds and large institutions have $82.7M invested in Iconic Sports Acquisition Corp. in 2023 Q2 according to their latest regulatory filings, with 0 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 39 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
63% less funds holding
Funds holding: 62 → 23 (-39)
73% less capital invested
Capital invested by funds: $304M → $82.7M (-$221M)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 39
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $2.13M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
+$5.93M |
| 2 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$1.69M |
| 3 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
+$835K |
| 4 |
Walleye Capital
New York
|
+$80.1K |
| 5 |
MSU
Mizuho Securities USA
New York
|
+$26.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$18.8M |
| 2 |
SCM
Saba Capital Management
New York
|
-$18.3M |
| 3 |
SC
Sculptor Capital
New York
|
-$17.9M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$12.6M |
| 5 |
Millennium Management
New York
|
-$11.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CM
51
Cohanzick Management
Pleasantville,
New York
| – | -$1.39M | -132,506 | Closed |
|
|
DCM
52
Difesa Capital Management
New York
| – | -$1.31M | -125,000 | Closed |
|
|
CSS
53
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$1.3M | -123,371 | Closed |
|
54
D.E. Shaw & Co
New York
| – | -$998K | -95,000 | Closed |
|
55
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$946K | -90,000 | Closed |
|
|
DCM
56
Dupont Capital Management
Wilmington,
Delaware
| – | -$735K | -70,000 | Closed |
|
|
WA
57
Whitebox Advisors
Minneapolis,
Minnesota
| – | -$735K | -70,000 | Closed |
|
|
MTCM
58
Mint Tower Capital Management
Amsterdam,
Netherlands
| – | -$525K | -50,000 | Closed |
|
|
VI
59
Vestcor Inc
Fredericton,
New Brunswick, Canada
| – | -$525K | -50,000 | Closed |
|
|
WAM
60
Wolverine Asset Management
Chicago,
Illinois
| – | -$366K | -34,833 | Closed |
|
|
VF
61
Virtu Financial
New York
| – | -$177K | -16,843 | Closed |
|
|
ACA
62
Arena Capital Advisors
Los Angeles,
California
| – | -$157K | -14,944 | Closed |
|
ICNC Hedge Fund Activity: Q2 2023 in Review
23 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Iconic Sports Acquisition Corp. (ICNC) for Q2 2023, worth a combined $82.7M — down 73% from $304M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of ICNC and 0 opened new positions — a net loss of 39 holders — while 11 trimmed existing stakes and 5 added.
The largest buyer was Cowen and Company, adding an estimated $5.93M. The largest seller was First Trust Capital Management, exiting entirely with an estimated $18.8M sold.
- 23 institutional investors held Iconic Sports Acquisition Corp. (ICNC) as of Q2 2023, down from 62 in Q1 2023.
- Funds reported $82.7M of Iconic Sports Acquisition Corp. stock for Q2 2023, down 73% quarter-over-quarter.
- 0 funds opened new Iconic Sports Acquisition Corp. positions in Q2 2023 and 39 closed out, a net change of -39 holders.
- The largest Iconic Sports Acquisition Corp. buyer in Q2 2023 was Cowen and Company, an estimated $5.93M added.
- The largest Iconic Sports Acquisition Corp. seller in Q2 2023 was First Trust Capital Management, an estimated $18.8M sold.
Based on aggregated 13F filings for Q2 2023.