Legacy Acquisition Corp. Units, each consisting of one share of Class A common stock, $.0001 par val
LGC.U
LGC.U was delisted on the 19th of November, 2020.
23 hedge funds and large institutions have $178M invested in Legacy Acquisition Corp. Units, each consisting of one share of Class A common stock, $.0001 par val in 2018 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 2 reducing their positions, and 9 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 2
0% more funds holding in top 10
Funds holding in top 10: 2 → 2 (0)
23% less funds holding
Funds holding: 30 → 23 (-7)
31% less capital invested
Capital invested by funds: $258M → $178M (-$80M)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$4.82M |
| 2 |
CFIC
City Financial Investment Company
London,
United Kingdom
|
+$1.49M |
| 3 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$439K |
| 4 |
GCL
Glazer Capital LLC
New York
|
+$398K |
| 5 |
VOAM
Vertex One Asset Management
Vancouver,
British Columbia, Canada
|
+$198K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$29.2M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$14.9M |
| 3 |
6CM
683 Capital Management
New York
|
-$7.45M |
| 4 |
Geode Capital Management
Boston,
Massachusetts
|
-$6.96M |
| 5 |
HI
HBK Investments
Dallas,
Texas
|
-$5.96M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
6CM
26
683 Capital Management
New York
| – | -$7.45M | -750,000 | Closed |
|
|
27
Geode Capital Management
Boston,
Massachusetts
| – | -$6.96M | -700,000 | Closed |
|
|
HI
28
HBK Investments
Dallas,
Texas
| – | -$5.96M | -600,000 | Closed |
|
|
WRBC
29
W.R. Berkley Corp
Greenwich,
Connecticut
| – | -$5.79M | -582,300 | Closed |
|
|
WCMNY
30
Westchester Capital Management (New York)
Valhalla,
New York
| – | -$5.76M | -580,000 | Closed |
|
31
Verition Fund Management
Greenwich,
Connecticut
| – | -$1.23M | -123,250 | Closed |
|
32
Citadel Advisors
Miami,
Florida
| – | -$409K | -41,131 | Closed |
|
LGC.U Hedge Fund Activity: Q1 2018 in Review
23 of the 4,363 institutional investors tracked by Wall St. Rank reported a position in Legacy Acquisition Corp. Units, each consisting of one share of Class A common stock, $.0001 par val (LGC.U) for Q1 2018, worth a combined $178M — down 31% from $258M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of LGC.U and 4 opened new positions — a net loss of 5 holders — while 2 trimmed existing stakes and 5 added.
The largest buyer was Deutsche Bank, opening a new position worth an estimated $4.82M. The largest seller was Wells Fargo, exiting entirely with an estimated $29.2M sold.
- 23 institutional investors held Legacy Acquisition Corp. Units, each consisting of one share of Class A common stock, $.0001 par val (LGC.U) as of Q1 2018, down from 30 in Q4 2017.
- Funds reported $178M of Legacy Acquisition Corp. Units, each consisting of one share of Class A common stock, $.0001 par val stock for Q1 2018, down 31% quarter-over-quarter.
- 4 funds opened new Legacy Acquisition Corp. Units, each consisting of one share of Class A common stock, $.0001 par val positions in Q1 2018 and 9 closed out, a net change of -5 holders.
- The largest Legacy Acquisition Corp. Units, each consisting of one share of Class A common stock, $.0001 par val buyer in Q1 2018 was Deutsche Bank, an estimated $4.82M added.
- The largest Legacy Acquisition Corp. Units, each consisting of one share of Class A common stock, $.0001 par val seller in Q1 2018 was Wells Fargo, an estimated $29.2M sold.
Based on aggregated 13F filings for Q1 2018.