Newcourt Acquisition Corp Class A Ordinary Share
NCAC
NCAC was delisted on the 25th of January, 2024.
16 hedge funds and large institutions have $15.3M invested in Newcourt Acquisition Corp Class A Ordinary Share in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 8 reducing their positions, and 37 closing their positions.
63% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 8
67% less funds holding
Funds holding: 49 → 16 (-33)
89% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 37
93% less capital invested
Capital invested by funds: $207M → $15.3M (-$192M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LP
LMR Partners
London,
United Kingdom
|
+$522K |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$522K |
| 3 |
MSU
Mizuho Securities USA
New York
|
+$275K |
| 4 |
CCM
CAAS Capital Management
New York
|
+$234K |
| 5 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$109K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$25.8M |
| 2 |
SCM
Saba Capital Management
New York
|
-$19.7M |
| 3 |
Millennium Management
New York
|
-$17M |
| 4 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$13.2M |
| 5 |
D.E. Shaw & Co
New York
|
-$11.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HF
51
HRT Financial
New York
| – | -$256K | -25,000 | Closed |
|
52
State Street
Boston,
Massachusetts
| – | -$185K | -18,015 | Closed |
|
|
TAM
53
Terrapin Asset Management
Miami,
Florida
| – | -$51.4K | -5,000 | Closed |
|
NCAC Hedge Fund Activity: Q1 2023 in Review
16 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Newcourt Acquisition Corp Class A Ordinary Share (NCAC) for Q1 2023, worth a combined $15.3M — down 93% from $207M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of NCAC and 4 opened new positions — a net loss of 33 holders — while 8 trimmed existing stakes and 3 added.
The largest buyer was LMR Partners, adding an estimated $522K. The largest seller was Glazer Capital LLC, cutting an estimated $25.8M.
- 16 institutional investors held Newcourt Acquisition Corp Class A Ordinary Share (NCAC) as of Q1 2023, down from 49 in Q4 2022.
- Funds reported $15.3M of Newcourt Acquisition Corp Class A Ordinary Share stock for Q1 2023, down 93% quarter-over-quarter.
- 4 funds opened new Newcourt Acquisition Corp Class A Ordinary Share positions in Q1 2023 and 37 closed out, a net change of -33 holders.
- The largest Newcourt Acquisition Corp Class A Ordinary Share buyer in Q1 2023 was LMR Partners, an estimated $522K added.
- The largest Newcourt Acquisition Corp Class A Ordinary Share seller in Q1 2023 was Glazer Capital LLC, an estimated $25.8M sold.
Based on aggregated 13F filings for Q1 2023.