Iconic Sports Acquisition Corp. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
ICNC.U
ICNC.U was delisted on the 26th of September, 2023.
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.
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
Top Buyers
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$12.2K |
| 2 |
Morgan Stanley
New York
|
+$10.6K |
| 3 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
+$2.03K |
Top Sellers
| 1 |
CCM
Context Capital Management
Lajolla,
California
|
-$8.24M |
| 2 |
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 |
ICNC.U Hedge Fund Activity: Q1 2022 in Review
27 of the 6,340 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.