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ICNC.U

Iconic Sports Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
ICNC.U

Delisted

ICNC.U was delisted on the 26th of September, 2023.

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27 hedge funds and large institutions have $51.6M invested in Iconic Sports Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant in 2022 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 27 closing their positions.

New
Increased
Maintained
Reduced
Closed

49% less funds holding

Funds holding: 53 → 27 (-26)

60% less capital invested

Capital invested by funds: $129M → $51.6M (-$77M)

67% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 6

96% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 27

Holders
27
Holders Change
-26
Holders Change %
-49.06%
% of All Funds
0.43%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
2
Reduced
6
Closed
27
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
+$12.2K
2
Morgan Stanley
Morgan Stanley
New York
+$10.6K
3
HIM
HGC Investment Management
Ontario, Canada
+$2.03K

Top Sellers

Rank Fund Capital Flow
1
CCM
Context Capital Management
California
-$8.24M
2
Millennium Management
Millennium Management
New York
-$8.2M
3
GL
Governors Lane
New York
-$5.05M
4
MCM
Moore Capital Management
New York
-$5.05M
5
TCM
Tenor Capital Management
New York
-$5.05M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$1K – – –
CCM
27
Context Capital Management
California
– -$8.24M -815,000 Closed
GL
28
Governors Lane
New York
– -$5.05M -500,000 Closed
MCM
29
Moore Capital Management
New York
– -$5.05M -500,000 Closed
TCM
30
Tenor Capital Management
New York
– -$5.05M -500,000 Closed
PC
31
Periscope Capital
Ontario, Canada
– -$5.05M -499,792 Closed
AA
32
AQR Arbitrage
Connecticut
– -$4.99M -493,737 Closed
CM
33
Cohanzick Management
New York
– -$4.95M -489,621 Closed
SC
34
Sculptor Capital
New York
– -$4.25M -420,848 Closed
AC
35
Aristeia Capital
Connecticut
– -$4.04M -400,000 Closed
CSS
36
Cubist Systematic Strategies
Connecticut
– -$3.31M -327,114 Closed
ACA
37
Arena Capital Advisors
California
– -$2.99M -294,756 -100%
Verition Fund Management
38
Verition Fund Management
Connecticut
– -$2.28M -225,748 Closed
SCM
39
Shaolin Capital Management
Florida
– -$2.02M -200,000 Closed
SCC
40
Spring Creek Capital
Kansas
– -$2.02M -200,000 Closed
PMAM
41
Picton Mahoney Asset Management
Ontario, Canada
– -$1.52M -150,000 Closed
PCM
42
Prelude Capital Management
New York
– -$1.21M -120,084 Closed
SGM
43
Seven Grand Managers
New York
– -$1.02M -100,996 Closed
RA
44
RiverPark Advisors
New York
– -$897K -88,675 Closed
Citadel Advisors
45
Citadel Advisors
Florida
– -$886K -87,596 Closed
PI
46
PEAK6 Investments
Illinois
– -$506K -50,000 Closed
VI
47
Vestcor Inc
New Brunswick, Canada
– -$506K -50,000 Closed
RA
48
Ramius Advisors
New York
– -$455K -45,000 Closed
SRCM
49
Sage Rock Capital Management
New York
– -$387K -38,300 Closed
BFM
50
Boothbay Fund Management
New York
– -$252K -24,878 Closed
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ICNC.U Hedge Fund Activity: Q1 2022 in Review

27 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Iconic Sports Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant (ICNC.U) for Q1 2022, worth a combined $51.6M — down 60% from $129M a quarter earlier.

Sellers outnumbered buyers: 27 funds closed out of ICNC.U and 1 opened new positions — a net loss of 26 holders — while 6 trimmed existing stakes and 2 added.

The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $12.2K. The largest seller was Context Capital Management, exiting entirely with an estimated $8.24M sold.

  • 27 institutional investors held Iconic Sports Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant (ICNC.U) as of Q1 2022, down from 53 in Q4 2021.
  • Funds reported $51.6M of Iconic Sports Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant stock for Q1 2022, down 60% quarter-over-quarter.
  • 1 fund opened new Iconic Sports Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant positions in Q1 2022 and 27 closed out, a net change of -26 holders.
  • The largest Iconic Sports Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant buyer in Q1 2022 was Wolverine Asset Management, an estimated $12.2K added.
  • The largest Iconic Sports Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant seller in Q1 2022 was Context Capital Management, an estimated $8.24M sold.

Based on aggregated 13F filings for Q1 2022.