Union Acquisition Corp.
LTN.U
LTN.U was delisted on the 14th of March, 2019.
7 hedge funds and large institutions have $15M invested in Union Acquisition Corp. in 2018 Q4 according to their latest regulatory filings, with funds opening new positions, increasing their positions, 3 reducing their positions, and 4 closing their positions.
36% less funds holding
Funds holding: 11 → 7 (-4)
37% less capital invested
Capital invested by funds: $23.9M → $15M (-$8.93M)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 4
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 3
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$3.39M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$2.63M |
| 3 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
-$1.92M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$1.05M |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$275K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
Hudson Bay Capital Management
Stamford,
Connecticut
| $5.38M | – | – | – |
|
|
PAMP
2
Polar Asset Management Partners
Toronto,
Ontario, Canada
| $3.76M | – | – | – |
|
|
KPF
3
K2 Principal Fund
Toronto,
Ontario, Canada
| $3.58M | -$275K | -26,019 | -7% |
|
|
BCM
4
Basso Capital Management
Stamford,
Connecticut
| $1.07M | – | – | – |
|
|
WAM
5
Wolverine Asset Management
Chicago,
Illinois
| $765K | – | – | – |
|
|
GCL
6
Glazer Capital LLC
New York
| $409K | -$37.7K | -3,575 | -9% |
|
7
UBS Group
Zurich,
Switzerland
| $20K | -$8.44K | -800 | -29% |
|
|
BI
8
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$3.39M | -324,071 | Closed |
|
|
YCM
9
Yakira Capital Management
Westport,
Connecticut
| – | -$2.63M | -251,200 | Closed |
|
|
PAM
10
Panagora Asset Management
Boston,
Massachusetts
| – | -$1.92M | -184,027 | Closed |
|
|
PC
11
Periscope Capital
Toronto,
Ontario, Canada
| – | -$1.05M | -100,900 | Closed |
|
LTN.U Hedge Fund Activity: Q4 2018 in Review
7 of the 4,488 institutional investors tracked by Wall St. Rank reported a position in Union Acquisition Corp. (LTN.U) for Q4 2018, worth a combined $15M — down 37% from $23.9M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of LTN.U and 0 opened new positions — a net loss of 4 holders — while 3 trimmed existing stakes and 0 added.
The largest seller was Bulldog Investors, exiting entirely with an estimated $3.39M sold.
- 7 institutional investors held Union Acquisition Corp. (LTN.U) as of Q4 2018, down from 11 in Q3 2018.
- Funds reported $15M of Union Acquisition Corp. stock for Q4 2018, down 37% quarter-over-quarter.
- 0 funds opened new Union Acquisition Corp. positions in Q4 2018 and 4 closed out, a net change of -4 holders.
- The largest Union Acquisition Corp. seller in Q4 2018 was Bulldog Investors, an estimated $3.39M sold.
Based on aggregated 13F filings for Q4 2018.