Northern Genesis Acquisition Corp.
NGA
NGA was delisted on the 6th of May, 2021.
51 hedge funds and large institutions have $105M invested in Northern Genesis Acquisition Corp. in 2021 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 13 increasing their positions, 8 reducing their positions, and 28 closing their positions.
63% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 8
33% more call options, than puts
Call options by funds: $53.4M | Put options by funds: $40.3M
2% more funds holding
Funds holding: 50 → 51 (+1)
4% more first-time investments, than exits
New positions opened: 29 | Existing positions closed: 28
58% less capital invested
Capital invested by funds: $250M → $105M (-$145M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FDCDDQ
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
|
+$11.2M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
+$9.81M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$6.92M |
| 4 |
BNP Paribas Asset Management
Paris,
France
|
+$3.96M |
| 5 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$2.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$31.2M |
| 2 |
EC
EJF Capital
Arlington,
Virginia
|
-$15.4M |
| 3 |
MWNA
Marshall Wace North America
New York
|
-$13.1M |
| 4 |
Adage Capital Partners
Boston,
Massachusetts
|
-$11.1M |
| 5 |
ECA
Encompass Capital Advisors
New York
|
-$10.7M |
NGA Hedge Fund Activity: Q1 2021 in Review
51 of the 5,695 institutional investors tracked by Wall St. Rank reported a position in Northern Genesis Acquisition Corp. (NGA) for Q1 2021, worth a combined $105M — down 58% from $250M a quarter earlier.
Buyers outnumbered sellers: 29 funds opened new NGA positions and 28 closed out — a net gain of 1 holder — while 13 added to existing stakes and 8 trimmed.
The largest buyer was Federation des caisses Desjardins du Quebec, adding an estimated $11.2M. The largest seller was Alberta Investment Management Corp (AIMCo), cutting an estimated $31.2M.
- 51 institutional investors held Northern Genesis Acquisition Corp. (NGA) as of Q1 2021, up from 50 in Q4 2020.
- Funds reported $105M of Northern Genesis Acquisition Corp. stock for Q1 2021, down 58% quarter-over-quarter.
- 29 funds opened new Northern Genesis Acquisition Corp. positions in Q1 2021 and 28 closed out, a net change of +1 holder.
- The largest Northern Genesis Acquisition Corp. buyer in Q1 2021 was Federation des caisses Desjardins du Quebec, an estimated $11.2M added.
- The largest Northern Genesis Acquisition Corp. seller in Q1 2021 was Alberta Investment Management Corp (AIMCo), an estimated $31.2M sold.
Based on aggregated 13F filings for Q1 2021.