Iconic Sports Acquisition Corp.
ICNC
ICNC was delisted on the 26th of September, 2023.
4 hedge funds and large institutions have $18.8M invested in Iconic Sports Acquisition Corp. in 2023 Q3 according to their latest regulatory filings, with funds opening new positions, 2 increasing their positions, 0 reducing their positions, and 19 closing their positions.
77% less capital invested
Capital invested by funds: $82.7M → $18.8M (-$63.9M)
83% less funds holding
Funds holding: 23 → 4 (-19)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 19
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$3.78M |
| 2 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
+$55K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$12.5M |
| 2 |
DC
Dryden Capital
Miami,
Florida
|
-$10.7M |
| 3 |
CAC
Cowen and Company
New York
|
-$6.57M |
| 4 |
GCL
Glazer Capital LLC
New York
|
-$6.12M |
| 5 |
MCM
Moore Capital Management
New York
|
-$5.33M |
ICNC Hedge Fund Activity: Q3 2023 in Review
4 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Iconic Sports Acquisition Corp. (ICNC) for Q3 2023, worth a combined $18.8M — down 77% from $82.7M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of ICNC and 0 opened new positions — a net loss of 19 holders — while 0 trimmed existing stakes and 2 added.
The largest buyer was W.R. Berkley Corp, adding an estimated $3.78M. The largest seller was Meteora Capital, exiting entirely with an estimated $12.5M sold.
- 4 institutional investors held Iconic Sports Acquisition Corp. (ICNC) as of Q3 2023, down from 23 in Q2 2023.
- Funds reported $18.8M of Iconic Sports Acquisition Corp. stock for Q3 2023, down 77% quarter-over-quarter.
- 0 funds opened new Iconic Sports Acquisition Corp. positions in Q3 2023 and 19 closed out, a net change of -19 holders.
- The largest Iconic Sports Acquisition Corp. buyer in Q3 2023 was W.R. Berkley Corp, an estimated $3.78M added.
- The largest Iconic Sports Acquisition Corp. seller in Q3 2023 was Meteora Capital, an estimated $12.5M sold.
Based on aggregated 13F filings for Q3 2023.