Kayne Anderson Acquisition Corp. Unit
KAACU
KAACU was delisted on the 9th of November, 2018.
24 hedge funds and large institutions have $101M invested in Kayne Anderson Acquisition Corp. Unit in 2018 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 8 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
20% less funds holding
Funds holding: 30 → 24 (-6)
23% less capital invested
Capital invested by funds: $131M → $101M (-$29.8M)
75% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 8
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AMH
Apollo Management Holdings
New York
|
+$4.74M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$2.5M |
| 3 |
Wellington Management Group
Boston,
Massachusetts
|
+$1.46M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$278K |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$190K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Canyon Capital Advisors
Dallas,
Texas
|
-$9.44M |
| 2 |
CI
Cowen Inc
New York
|
-$8.42M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$6.72M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$3.95M |
| 5 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$2.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CI
26
Cowen Inc
New York
| – | -$8.42M | -845,593 | Closed |
|
|
27
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$6.72M | -674,600 | Closed |
|
|
HIM
28
HGC Investment Management
Toronto,
Ontario, Canada
| – | -$2.8M | -280,941 | Closed |
|
|
BCM
29
Basso Capital Management
Stamford,
Connecticut
| – | -$1.49M | -150,000 | Closed |
|
|
LIM
30
Longfellow Investment Management
Boston,
Massachusetts
| – | -$256K | -25,705 | Closed |
|
|
BI
31
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$194K | -19,464 | Closed |
|
32
UBS Group
Zurich,
Switzerland
| – | -$3K | -266 | Closed |
|
KAACU Hedge Fund Activity: Q1 2018 in Review
24 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Kayne Anderson Acquisition Corp. Unit (KAACU) for Q1 2018, worth a combined $101M — down 23% from $131M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of KAACU and 2 opened new positions — a net loss of 6 holders — while 5 trimmed existing stakes and 6 added.
The largest buyer was Apollo Management Holdings, adding an estimated $4.74M. The largest seller was Canyon Capital Advisors, exiting entirely with an estimated $9.44M sold.
- 24 institutional investors held Kayne Anderson Acquisition Corp. Unit (KAACU) as of Q1 2018, down from 30 in Q4 2017.
- Funds reported $101M of Kayne Anderson Acquisition Corp. Unit stock for Q1 2018, down 23% quarter-over-quarter.
- 2 funds opened new Kayne Anderson Acquisition Corp. Unit positions in Q1 2018 and 8 closed out, a net change of -6 holders.
- The largest Kayne Anderson Acquisition Corp. Unit buyer in Q1 2018 was Apollo Management Holdings, an estimated $4.74M added.
- The largest Kayne Anderson Acquisition Corp. Unit seller in Q1 2018 was Canyon Capital Advisors, an estimated $9.44M sold.
Based on aggregated 13F filings for Q1 2018.