Kensington Capital Acquisition Corp.Units, each consisting of one share of Class A common stock and
KCAC.U
KCAC.U was delisted on the 25th of November, 2020.
14 hedge funds and large institutions have $38.1M invested in Kensington Capital Acquisition Corp.Units, each consisting of one share of Class A common stock and in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 8 reducing their positions, and 42 closing their positions.
74% less funds holding
Funds holding: 53 → 14 (-39)
75% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 8
81% less capital invested
Capital invested by funds: $201M → $38.1M (-$163M)
93% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 42
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HF
HRT Financial
New York
|
+$657K |
| 2 |
Jane Street
New York
|
+$632K |
| 3 |
VF
Virtu Financial
New York
|
+$345K |
| 4 |
OFG
OTA Financial Group
Purchase,
New York
|
+$168K |
| 5 |
Stifel Financial
St. Louis,
Missouri
|
+$86.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$14.7M |
| 2 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$12.8M |
| 3 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$12M |
| 4 |
BCM
Beryl Capital Management
Redondo Beach,
California
|
-$11.9M |
| 5 |
KC
Kepos Capital
New York
|
-$10.9M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Verition Fund Management
Greenwich,
Connecticut
| – | -$304K | -30,303 | Closed |
|
|
BI
52
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$301K | -30,000 | Closed |
|
|
WAM
53
Wolverine Asset Management
Chicago,
Illinois
| – | -$289K | -28,915 | Closed |
|
|
EIP
54
Easterly Investment Partners
Beverly,
Massachusetts
| – | -$200K | -20,000 | Closed |
|
|
LCS
55
Levin Capital Strategies
New York
| – | -$200K | -20,000 | Closed |
|
|
PAM
56
Panagora Asset Management
Boston,
Massachusetts
| – | -$76K | -7,596 | Closed |
|
57
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$21.2K | -1,594 | -100% |
|
KCAC.U Hedge Fund Activity: Q3 2020 in Review
14 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Kensington Capital Acquisition Corp.Units, each consisting of one share of Class A common stock and (KCAC.U) for Q3 2020, worth a combined $38.1M — down 81% from $201M a quarter earlier.
Sellers outnumbered buyers: 42 funds closed out of KCAC.U and 3 opened new positions — a net loss of 39 holders — while 8 trimmed existing stakes and 2 added.
The largest buyer was HRT Financial, adding an estimated $657K. The largest seller was Millennium Management, cutting an estimated $14.7M.
- 14 institutional investors held Kensington Capital Acquisition Corp.Units, each consisting of one share of Class A common stock and (KCAC.U) as of Q3 2020, down from 53 in Q2 2020.
- Funds reported $38.1M of Kensington Capital Acquisition Corp.Units, each consisting of one share of Class A common stock and stock for Q3 2020, down 81% quarter-over-quarter.
- 3 funds opened new Kensington Capital Acquisition Corp.Units, each consisting of one share of Class A common stock and positions in Q3 2020 and 42 closed out, a net change of -39 holders.
- The largest Kensington Capital Acquisition Corp.Units, each consisting of one share of Class A common stock and buyer in Q3 2020 was HRT Financial, an estimated $657K added.
- The largest Kensington Capital Acquisition Corp.Units, each consisting of one share of Class A common stock and seller in Q3 2020 was Millennium Management, an estimated $14.7M sold.
Based on aggregated 13F filings for Q3 2020.