Kensington Capital Acquisition Corp. IV Units, each consisting of one Class A Ordinary Share, one Class 1 redeemable Warrant and one Class 2 redeemable Warrant
KCAC.U
KCAC.U was delisted on the 14th of September, 2022.
28 hedge funds and large institutions have $100M invested in Kensington Capital Acquisition Corp. IV Units, each consisting of one Class A Ordinary Share, one Class 1 redeemable Warrant and one Class 2 redeemable Warrant in 2022 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 15 reducing their positions, and 17 closing their positions.
33% less funds holding
Funds holding: 42 → 28 (-14)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
44% less capital invested
Capital invested by funds: $179M → $100M (-$78.5M)
73% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 15
82% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Prelude Capital Management
New York
|
+$1.05M |
| 2 |
LPL Financial
San Diego,
California
|
+$101K |
| 3 |
Stifel Financial
St. Louis,
Missouri
|
+$79.7K |
| 4 |
Walleye Capital
New York
|
+$12.9K |
| 5 |
Walleye Trading
New York
|
+$7.27K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DC
Dryden Capital
Miami,
Florida
|
-$17.5M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$8.26M |
| 3 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$7.08M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$6.26M |
| 5 |
SRCM
Sage Rock Capital Management
New York
|
-$5.73M |
KCAC.U Hedge Fund Activity: Q2 2022 in Review
28 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in Kensington Capital Acquisition Corp. IV Units, each consisting of one Class A Ordinary Share, one Class 1 redeemable Warrant and one Class 2 redeemable Warrant (KCAC.U) for Q2 2022, worth a combined $100M — down 44% from $179M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of KCAC.U and 3 opened new positions — a net loss of 14 holders — while 15 trimmed existing stakes and 4 added.
The largest buyer was Prelude Capital Management, adding an estimated $1.05M. The largest seller was Dryden Capital, exiting entirely with an estimated $17.5M sold.
- 28 institutional investors held Kensington Capital Acquisition Corp. IV Units, each consisting of one Class A Ordinary Share, one Class 1 redeemable Warrant and one Class 2 redeemable Warrant (KCAC.U) as of Q2 2022, down from 42 in Q1 2022.
- Funds reported $100M of Kensington Capital Acquisition Corp. IV Units, each consisting of one Class A Ordinary Share, one Class 1 redeemable Warrant and one Class 2 redeemable Warrant stock for Q2 2022, down 44% quarter-over-quarter.
- 3 funds opened new Kensington Capital Acquisition Corp. IV Units, each consisting of one Class A Ordinary Share, one Class 1 redeemable Warrant and one Class 2 redeemable Warrant positions in Q2 2022 and 17 closed out, a net change of -14 holders.
- The largest Kensington Capital Acquisition Corp. IV Units, each consisting of one Class A Ordinary Share, one Class 1 redeemable Warrant and one Class 2 redeemable Warrant buyer in Q2 2022 was Prelude Capital Management, an estimated $1.05M added.
- The largest Kensington Capital Acquisition Corp. IV Units, each consisting of one Class A Ordinary Share, one Class 1 redeemable Warrant and one Class 2 redeemable Warrant seller in Q2 2022 was Dryden Capital, an estimated $17.5M sold.
Based on aggregated 13F filings for Q2 2022.