Ribbit LEAP, Ltd. Units, each consisting of one Class A Ordinary Share, and one fifth of one Warrant
LEAP.U
LEAP.U was delisted on the 12th of August, 2022.
34 hedge funds and large institutions have $279M invested in Ribbit LEAP, Ltd. Units, each consisting of one Class A Ordinary Share, and one fifth of one Warrant in 2020 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 30 closing their positions.
22% less capital invested
Capital invested by funds: $360M → $279M (-$80.7M)
39% less funds holding
Funds holding: 56 → 34 (-22)
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
73% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 30
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DIGDR
Dynamo Internacional Gestao de Recursos
Rio De Janeiro,
Brazil
|
+$7.26M |
| 2 |
BCP
Berylson Capital Partners
Boston,
Massachusetts
|
+$1.04M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
+$763K |
| 4 |
PI
Putnam Investments
Boston,
Massachusetts
|
+$526K |
| 5 |
PGM
Parian Global Management
Pound Ridge,
New York
|
+$442K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIG
Fortress Investment Group
New York
|
-$26M |
| 2 |
VCM
Valiant Capital Management
San Francisco,
California
|
-$26M |
| 3 |
TI
Think Investments
San Francisco,
California
|
-$22.4M |
| 4 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$10.4M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$9.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
JGC
51
J. Goldman & Co
New York
| – | -$1.42M | -109,220 | Closed |
|
|
AC
52
Aristeia Capital
Greenwich,
Connecticut
| – | -$1.3M | -100,000 | Closed |
|
|
MCM
53
Moore Capital Management
New York
| – | -$1.3M | -100,000 | Closed |
|
|
HIM
54
HGC Investment Management
Toronto,
Ontario, Canada
| – | -$1.1M | -85,000 | Closed |
|
|
DKCM
55
Davidson Kempner Capital Management
New York
| – | -$650K | -50,000 | Closed |
|
56
Marshall Wace
London,
United Kingdom
| – | -$650K | -50,000 | Closed |
|
|
GL
57
Governors Lane
New York
| – | -$260K | -20,000 | Closed |
|
58
Squarepoint
New York
| – | -$260K | -20,000 | Closed |
|
|
TCM
59
Tenor Capital Management
New York
| – | -$260K | -20,000 | Closed |
|
|
MS
60
Maven Securities
St Helier,
Jersey
| – | -$195K | -15,000 | Closed |
|
|
PC
61
Periscope Capital
Toronto,
Ontario, Canada
| – | -$195K | -15,000 | Closed |
|
|
DCM
62
Dupont Capital Management
Wilmington,
Delaware
| – | -$65K | -5,000 | Closed |
|
|
LCM
63
LH Capital Markets
New York
| – | -$13K | -1,000 | Closed |
|
|
PAM
64
Panagora Asset Management
Boston,
Massachusetts
| – | -$13K | -1,000 | Closed |
|
LEAP.U Hedge Fund Activity: Q4 2020 in Review
34 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Ribbit LEAP, Ltd. Units, each consisting of one Class A Ordinary Share, and one fifth of one Warrant (LEAP.U) for Q4 2020, worth a combined $279M — down 22% from $360M a quarter earlier.
Sellers outnumbered buyers: 30 funds closed out of LEAP.U and 8 opened new positions — a net loss of 22 holders — while 9 trimmed existing stakes and 5 added.
The largest buyer was Dynamo Internacional Gestao de Recursos, opening a new position worth an estimated $7.26M. The largest seller was Fortress Investment Group, exiting entirely with an estimated $26M sold.
- 34 institutional investors held Ribbit LEAP, Ltd. Units, each consisting of one Class A Ordinary Share, and one fifth of one Warrant (LEAP.U) as of Q4 2020, down from 56 in Q3 2020.
- Funds reported $279M of Ribbit LEAP, Ltd. Units, each consisting of one Class A Ordinary Share, and one fifth of one Warrant stock for Q4 2020, down 22% quarter-over-quarter.
- 8 funds opened new Ribbit LEAP, Ltd. Units, each consisting of one Class A Ordinary Share, and one fifth of one Warrant positions in Q4 2020 and 30 closed out, a net change of -22 holders.
- The largest Ribbit LEAP, Ltd. Units, each consisting of one Class A Ordinary Share, and one fifth of one Warrant buyer in Q4 2020 was Dynamo Internacional Gestao de Recursos, an estimated $7.26M added.
- The largest Ribbit LEAP, Ltd. Units, each consisting of one Class A Ordinary Share, and one fifth of one Warrant seller in Q4 2020 was Fortress Investment Group, an estimated $26M sold.
Based on aggregated 13F filings for Q4 2020.