Logistics Innovation Technologies Corp. Class A Common Stock
LITT
LITT was delisted on the 15th of June, 2023.
76 hedge funds and large institutions have $345M invested in Logistics Innovation Technologies Corp. Class A Common Stock in 2023 Q1 according to their latest regulatory filings, with 19 funds opening new positions, 14 increasing their positions, 11 reducing their positions, and 7 closing their positions.
171% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 7
27% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 11
19% more capital invested
Capital invested by funds: $290M → $345M (+$55.1M)
17% more funds holding
Funds holding: 65 → 76 (+11)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$14.4M |
| 2 |
MMC
Mizuho Markets Cayman
Grand Cayman,
Cayman Islands
|
+$14.1M |
| 3 |
MMA
Mizuho Markets Americas
New York
|
+$13.2M |
| 4 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$13.1M |
| 5 |
JP Morgan Chase
New York
|
+$3.53M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sculptor Capital
New York
|
-$14.2M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$12.7M |
| 3 |
CIM
Cowen Investment Management
New York
|
-$10.6M |
| 4 |
GCM
Ghisallo Capital Management
Boston,
Massachusetts
|
-$4.06M |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$3.37M |
LITT Hedge Fund Activity: Q1 2023 in Review
76 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Logistics Innovation Technologies Corp. Class A Common Stock (LITT) for Q1 2023, worth a combined $345M — up 19% from $290M a quarter earlier.
Buyers outnumbered sellers: 19 funds opened new LITT positions and 7 closed out — a net gain of 12 holders — while 14 added to existing stakes and 11 trimmed.
The largest buyer was First Trust Capital Management, adding an estimated $14.4M. The largest seller was Sculptor Capital, cutting an estimated $14.2M.
- 76 institutional investors held Logistics Innovation Technologies Corp. Class A Common Stock (LITT) as of Q1 2023, up from 65 in Q4 2022.
- Funds reported $345M of Logistics Innovation Technologies Corp. Class A Common Stock stock for Q1 2023, up 19% quarter-over-quarter.
- 19 funds opened new Logistics Innovation Technologies Corp. Class A Common Stock positions in Q1 2023 and 7 closed out, a net change of +12 holders.
- The largest Logistics Innovation Technologies Corp. Class A Common Stock buyer in Q1 2023 was First Trust Capital Management, an estimated $14.4M added.
- The largest Logistics Innovation Technologies Corp. Class A Common Stock seller in Q1 2023 was Sculptor Capital, an estimated $14.2M sold.
Based on aggregated 13F filings for Q1 2023.