Iconic Sports Acquisition Corp.
ICNC
ICNC was delisted on the 26th of September, 2023.
59 hedge funds and large institutions have $264M invested in Iconic Sports Acquisition Corp. in 2022 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 14 increasing their positions, 4 reducing their positions, and 8 closing their positions.
250% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 4
13% more capital invested
Capital invested by funds: $233M → $264M (+$31.4M)
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
3% less funds holding
Funds holding: 61 → 59 (-2)
25% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
+$9.17M |
| 2 |
Citigroup
New York
|
+$6.3M |
| 3 |
Millennium Management
New York
|
+$4.79M |
| 4 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$4.48M |
| 5 |
ACM
Atalaya Capital Management
New York
|
+$3.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$3.91M |
| 2 |
GL
Governors Lane
New York
|
-$3M |
| 3 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$2.5M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$2.48M |
| 5 |
HI
HBK Investments
Dallas,
Texas
|
-$1.48M |
ICNC Hedge Fund Activity: Q3 2022 in Review
59 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Iconic Sports Acquisition Corp. (ICNC) for Q3 2022, worth a combined $264M — up 13% from $233M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of ICNC and 6 opened new positions — a net loss of 2 holders — while 4 trimmed existing stakes and 14 added.
The largest buyer was Castle Creek Arbitrage, opening a new position worth an estimated $9.17M. The largest seller was Mangrove Partners, exiting entirely with an estimated $3.91M sold.
- 59 institutional investors held Iconic Sports Acquisition Corp. (ICNC) as of Q3 2022, down from 61 in Q2 2022.
- Funds reported $264M of Iconic Sports Acquisition Corp. stock for Q3 2022, up 13% quarter-over-quarter.
- 6 funds opened new Iconic Sports Acquisition Corp. positions in Q3 2022 and 8 closed out, a net change of -2 holders.
- The largest Iconic Sports Acquisition Corp. buyer in Q3 2022 was Castle Creek Arbitrage, an estimated $9.17M added.
- The largest Iconic Sports Acquisition Corp. seller in Q3 2022 was Mangrove Partners, an estimated $3.91M sold.
Based on aggregated 13F filings for Q3 2022.