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MNTN.U

Everest Consolidator Acquisition Corporation Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
MNTN.U

Delisted

MNTN.U was delisted on the 26th of November, 2024.

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23 hedge funds and large institutions have $45.6M invested in Everest Consolidator Acquisition Corporation Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant in 2022 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 9 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

62% less funds holding

Funds holding: 61 → 23 (-38)

72% less capital invested

Capital invested by funds: $161M → $45.6M (-$116M)

89% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 9

95% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 40

Holders
23
Holders Change
-38
Holders Change %
-62.3%
% of All Funds
0.36%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
1
Reduced
9
Closed
40
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CM
Cohanzick Management
New York
+$410K
2
CS
Clear Street
New York
+$38K
3
HF
HRT Financial
New York
+$17.1K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$12.6M
2
HCM
Highbridge Capital Management
New York
-$12.6M
3
CSS
Cubist Systematic Strategies
Connecticut
-$7.32M
4
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$5.08M
5
WAM
Weiss Asset Management
Massachusetts
-$5.08M
Name Holding Trade Value Shares
Change 		Change in
Stake
CSS
26
Cubist Systematic Strategies
Connecticut
– -$7.32M -728,132 Closed
Balyasny Asset Management
27
Balyasny Asset Management
Illinois
– -$5.08M -500,000 Closed
WAM
28
Weiss Asset Management
Massachusetts
– -$5.08M -500,000 Closed
BCM
29
Beryl Capital Management
California
– -$4.54M -451,261 Closed
D.E. Shaw & Co
30
D.E. Shaw & Co
New York
– -$4.52M -450,000 Closed
PAMP
31
Polar Asset Management Partners
Ontario, Canada
– -$4.52M -450,000 Closed
HI
32
HBK Investments
Texas
– -$4.02M -400,000 Closed
LA
33
Linden Advisors
New York
– -$4.07M -400,000 Closed
AA
34
AQR Arbitrage
Connecticut
– -$3.92M -390,892 Closed
UOC
35
UBS O'Connor
Illinois
– -$3.56M -353,974 Closed
PC
36
Periscope Capital
Ontario, Canada
– -$3.3M -325,000 Closed
MI
37
MMCAP International
Cayman Islands
– -$3.02M -300,000 Closed
TCM
38
Tenor Capital Management
New York
– -$3.02M -300,000 Closed
AC
39
Aristeia Capital
Connecticut
– -$2.51M -250,000 Closed
RCM
40
Radcliffe Capital Management
Pennsylvania
– -$2.54M -250,000 Closed
WRBC
41
W.R. Berkley Corp
Connecticut
– -$2.08M -207,712 Closed
Hudson Bay Capital Management
42
Hudson Bay Capital Management
Connecticut
– -$2.01M -200,000 Closed
OCM
43
Oaktree Capital Management
California
– -$2.03M -200,000 Closed
WA
44
Whitebox Advisors
Minnesota
– -$2.01M -200,000 Closed
DKCM
45
Davidson Kempner Capital Management
New York
– -$1.76M -175,000 Closed
Citigroup
46
Citigroup
New York
– -$1.52M -150,000 Closed
TCA
47
Taconic Capital Advisors
New York
– -$1.51M -150,000 Closed
RCM
48
Rivernorth Capital Management
Florida
– -$1.12M -110,000 Closed
CCM
49
Context Capital Management
California
– -$1.05M -104,631 Closed
CC
50
Centiva Capital
New York
– -$1M -100,000 Closed
1
2
3

MNTN.U Hedge Fund Activity: Q1 2022 in Review

23 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Everest Consolidator Acquisition Corporation Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant (MNTN.U) for Q1 2022, worth a combined $45.6M — down 72% from $161M a quarter earlier.

Sellers outnumbered buyers: 40 funds closed out of MNTN.U and 2 opened new positions — a net loss of 38 holders — while 9 trimmed existing stakes and 1 added.

The largest buyer was Cohanzick Management, opening a new position worth an estimated $410K. The largest seller was Saba Capital Management, exiting entirely with an estimated $12.6M sold.

  • 23 institutional investors held Everest Consolidator Acquisition Corporation Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant (MNTN.U) as of Q1 2022, down from 61 in Q4 2021.
  • Funds reported $45.6M of Everest Consolidator Acquisition Corporation Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant stock for Q1 2022, down 72% quarter-over-quarter.
  • 2 funds opened new Everest Consolidator Acquisition Corporation Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant positions in Q1 2022 and 40 closed out, a net change of -38 holders.
  • The largest Everest Consolidator Acquisition Corporation Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant buyer in Q1 2022 was Cohanzick Management, an estimated $410K added.
  • The largest Everest Consolidator Acquisition Corporation Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant seller in Q1 2022 was Saba Capital Management, an estimated $12.6M sold.

Based on aggregated 13F filings for Q1 2022.