Kayne Anderson Acquisition Corp. Unit
KAACU
KAACU was delisted on the 9th of November, 2018.
34 hedge funds and large institutions have $199M invested in Kayne Anderson Acquisition Corp. Unit in 2017 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 9 reducing their positions, and 16 closing their positions.
11% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 9
24% less funds holding
Funds holding: 45 → 34 (-11)
48% less capital invested
Capital invested by funds: $385M → $199M (-$186M)
69% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 16
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CI
Cowen Inc
New York
|
+$8.77M |
| 2 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$6.02M |
| 3 |
FHAM
Folger Hill Asset Management
New York
|
+$3.65M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.98M |
| 5 |
DAM
Deltec Asset Management
New York
|
+$1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$25.1M |
| 2 |
HHC
Hutchin Hill Capital
New York
|
-$25.1M |
| 3 |
Citigroup
New York
|
-$23M |
| 4 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$20M |
| 5 |
TPCM
Tide Point Capital Management
Old Greenwich,
Connecticut
|
-$20M |
KAACU Hedge Fund Activity: Q2 2017 in Review
34 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Kayne Anderson Acquisition Corp. Unit (KAACU) for Q2 2017, worth a combined $199M — down 48% from $385M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of KAACU and 5 opened new positions — a net loss of 11 holders — while 9 trimmed existing stakes and 8 added.
The largest buyer was Cowen Inc, adding an estimated $8.77M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $25.1M sold.
- 34 institutional investors held Kayne Anderson Acquisition Corp. Unit (KAACU) as of Q2 2017, down from 45 in Q1 2017.
- Funds reported $199M of Kayne Anderson Acquisition Corp. Unit stock for Q2 2017, down 48% quarter-over-quarter.
- 5 funds opened new Kayne Anderson Acquisition Corp. Unit positions in Q2 2017 and 16 closed out, a net change of -11 holders.
- The largest Kayne Anderson Acquisition Corp. Unit buyer in Q2 2017 was Cowen Inc, an estimated $8.77M added.
- The largest Kayne Anderson Acquisition Corp. Unit seller in Q2 2017 was Fir Tree Capital Management, an estimated $25.1M sold.
Based on aggregated 13F filings for Q2 2017.