Kernel Group Holdings, Inc. Class A Ordinary Shares
KRNL
KRNL was delisted on the 5th of August, 2024.
30 hedge funds and large institutions have $86.9M invested in Kernel Group Holdings, Inc. Class A Ordinary Shares in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 8 increasing their positions, 11 reducing their positions, and 52 closing their positions.
27% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 11
62% less funds holding
Funds holding: 78 → 30 (-48)
69% less capital invested
Capital invested by funds: $281M → $86.9M (-$194M)
92% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 52
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCAM
Owl Creek Asset Management
New York
|
+$8.92M |
| 2 |
PCM
Prelude Capital Management
New York
|
+$4.2M |
| 3 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
+$3.79M |
| 4 |
MSU
Mizuho Securities USA
New York
|
+$2.81M |
| 5 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
+$2.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Teacher Retirement System of Texas
Austin,
Texas
|
-$25.3M |
| 2 |
GCL
Glazer Capital LLC
New York
|
-$22.9M |
| 3 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$18.9M |
| 4 |
SCM
Saba Capital Management
New York
|
-$15.9M |
| 5 |
D.E. Shaw & Co
New York
|
-$15.2M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SAM
76
Silverback Asset Management
Chapel Hill,
North Carolina
| – | -$253K | -25,000 | Closed |
|
|
E
77
Ergoteles
New York
| – | -$160K | -15,800 | Closed |
|
|
LCM
78
Landscape Capital Management
Englewood,
New Jersey
| – | -$152K | -15,062 | Closed |
|
79
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$90K | -8,885 | Closed |
|
80
UBS Group
Zurich,
Switzerland
| – | -$4.45K | -441 | Closed |
|
|
CS
81
Clear Street
New York
| – | -$1K | -130 | Closed |
|
|
TRCT
82
Tower Research Capital (TRC)
New York
| – | -$1K | -108 | Closed |
|
KRNL Hedge Fund Activity: Q1 2023 in Review
30 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Kernel Group Holdings, Inc. Class A Ordinary Shares (KRNL) for Q1 2023, worth a combined $86.9M — down 69% from $281M a quarter earlier.
Sellers outnumbered buyers: 52 funds closed out of KRNL and 4 opened new positions — a net loss of 48 holders — while 11 trimmed existing stakes and 8 added.
The largest buyer was Owl Creek Asset Management, opening a new position worth an estimated $8.92M. The largest seller was Teacher Retirement System of Texas, exiting entirely with an estimated $25.3M sold.
- 30 institutional investors held Kernel Group Holdings, Inc. Class A Ordinary Shares (KRNL) as of Q1 2023, down from 78 in Q4 2022.
- Funds reported $86.9M of Kernel Group Holdings, Inc. Class A Ordinary Shares stock for Q1 2023, down 69% quarter-over-quarter.
- 4 funds opened new Kernel Group Holdings, Inc. Class A Ordinary Shares positions in Q1 2023 and 52 closed out, a net change of -48 holders.
- The largest Kernel Group Holdings, Inc. Class A Ordinary Shares buyer in Q1 2023 was Owl Creek Asset Management, an estimated $8.92M added.
- The largest Kernel Group Holdings, Inc. Class A Ordinary Shares seller in Q1 2023 was Teacher Retirement System of Texas, an estimated $25.3M sold.
Based on aggregated 13F filings for Q1 2023.