Longview Acquisition Corp. II Units, each consisting of one share of Class A Common Stock and one-fifth of one redeemable Warrant
LGV.U
LGV.U was delisted on the 13th of December, 2022.
62 hedge funds and large institutions have $333M invested in Longview Acquisition Corp. II Units, each consisting of one share of Class A Common Stock and one-fifth of one redeemable Warrant in 2021 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 11 increasing their positions, 22 reducing their positions, and 50 closing their positions.
41% less capital invested
Capital invested by funds: $567M → $333M (-$233M)
43% less funds holding
Funds holding: 108 → 62 (-46)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
50% less repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 22
92% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 50
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$2.02M |
| 2 |
PAG
Private Advisor Group
Morristown,
New Jersey
|
+$1.88M |
| 3 |
SRF
Silver Rock Financial
Los Angeles,
California
|
+$1.05M |
| 4 |
CIM
Cowen Investment Management
New York
|
+$505K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$477K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCP
Soroban Capital Partners
New York
|
-$25.1M |
| 2 |
HM
HealthCor Management
New York
|
-$17.6M |
| 3 |
Blackstone Inc
New York
|
-$17.1M |
| 4 |
Millennium Management
New York
|
-$16.3M |
| 5 |
CH
CVI Holdings
Wilmington,
Delaware
|
-$16.1M |
LGV.U Hedge Fund Activity: Q2 2021 in Review
62 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Longview Acquisition Corp. II Units, each consisting of one share of Class A Common Stock and one-fifth of one redeemable Warrant (LGV.U) for Q2 2021, worth a combined $333M — down 41% from $567M a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of LGV.U and 4 opened new positions — a net loss of 46 holders — while 22 trimmed existing stakes and 11 added.
The largest buyer was Periscope Capital, adding an estimated $2.02M. The largest seller was Soroban Capital Partners, exiting entirely with an estimated $25.1M sold.
- 62 institutional investors held Longview Acquisition Corp. II Units, each consisting of one share of Class A Common Stock and one-fifth of one redeemable Warrant (LGV.U) as of Q2 2021, down from 108 in Q1 2021.
- Funds reported $333M of Longview Acquisition Corp. II Units, each consisting of one share of Class A Common Stock and one-fifth of one redeemable Warrant stock for Q2 2021, down 41% quarter-over-quarter.
- 4 funds opened new Longview Acquisition Corp. II Units, each consisting of one share of Class A Common Stock and one-fifth of one redeemable Warrant positions in Q2 2021 and 50 closed out, a net change of -46 holders.
- The largest Longview Acquisition Corp. II Units, each consisting of one share of Class A Common Stock and one-fifth of one redeemable Warrant buyer in Q2 2021 was Periscope Capital, an estimated $2.02M added.
- The largest Longview Acquisition Corp. II Units, each consisting of one share of Class A Common Stock and one-fifth of one redeemable Warrant seller in Q2 2021 was Soroban Capital Partners, an estimated $25.1M sold.
Based on aggregated 13F filings for Q2 2021.