Everest Consolidator Acquisition Corporation Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
MNTN.U
MNTN.U was delisted on the 26th of November, 2024.
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Cohanzick Management
Pleasantville,
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
Stamford,
Connecticut
|
-$7.32M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$5.08M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$5.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Goldman Sachs
New York
| – | -$608K | -60,584 | Closed |
|
52
AllianceBernstein
Nashville,
Tennessee
| – | -$502K | -50,000 | Closed |
|
|
DCM
53
Dupont Capital Management
Wilmington,
Delaware
| – | -$508K | -50,000 | Closed |
|
|
KKRC
54
Kohlberg Kravis Roberts & Co
New York
| – | -$503K | -50,000 | Closed |
|
|
ECU
55
Eisler Capital (UK)
London,
United Kingdom
| – | -$507K | -49,856 | Closed |
|
|
DAM
56
DLD Asset Management
New York
| – | -$440K | -43,250 | Closed |
|
|
SAMU
57
SONA Asset Management (US)
New York
| – | -$302K | -30,000 | Closed |
|
|
LCM
58
Lynwood Capital Management
Toronto,
Ontario, Canada
| – | -$201K | -20,000 | Closed |
|
|
OAC
59
OMERS Administration Corp
Toronto,
Ontario, Canada
| – | -$203K | -20,000 | Closed |
|
|
PP
60
Paloma Partners
Greenwich,
Connecticut
| – | -$203K | -20,000 | Closed |
|
|
PI
61
PEAK6 Investments
Chicago,
Illinois
| – | -$201K | -20,000 | Closed |
|
|
GCL
62
Glazer Capital LLC
New York
| – | -$182K | -18,166 | Closed |
|
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.