Northern Genesis Acquisition Corp. Units, each consisting of one share of common stock and one-half
NGA.U
NGA.U was delisted on the 6th of May, 2021.
11 hedge funds and large institutions have $12.3M invested in Northern Genesis Acquisition Corp. Units, each consisting of one share of common stock and one-half in 2020 Q4 according to their latest regulatory filings, with 4 funds opening new positions, increasing their positions, 6 reducing their positions, and 50 closing their positions.
81% less funds holding
Funds holding: 58 → 11 (-47)
92% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 50
96% less capital invested
Capital invested by funds: $285M → $12.3M (-$273M)
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 6
Top Buyers
| 1 |
VF
Virtu Financial
New York
|
+$323K |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$132K |
| 3 |
Morgan Stanley
New York
|
+$12.6K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$2.36K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CAC
51
Cowen and Company
New York
| – | -$674K | -67,500 | Closed |
|
|
WAM
52
Weiss Asset Management
Boston,
Massachusetts
| – | -$525K | -52,524 | Closed |
|
|
MA
53
MYDA Advisors
Woodmere,
New York
| – | -$500K | -50,000 | Closed |
|
|
RA
54
Ramius Advisors
New York
| – | -$448K | -44,857 | Closed |
|
55
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$401K | -40,155 | Closed |
|
|
TCM
56
Tenor Capital Management
New York
| – | -$400K | -40,000 | Closed |
|
|
VCM
57
Vivaldi Capital Management
Chicago,
Illinois
| – | -$200K | -20,000 | Closed |
|
|
SM
58
SG3 Management
Dorado,
Puerto Rico
| – | -$150K | -15,000 | Closed |
|
|
CL
59
CSS LLC
Chicago,
Illinois
| – | -$128K | -12,773 | Closed |
|
|
PAM
60
Panagora Asset Management
Boston,
Massachusetts
| – | -$87K | -8,691 | Closed |
|
|
FDCDDQ
61
Federation des caisses Desjardins du Quebec
Levis,
Quebec, Canada
| – | -$20K | -2,000 | Closed |
|
NGA.U Hedge Fund Activity: Q4 2020 in Review
11 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Northern Genesis Acquisition Corp. Units, each consisting of one share of common stock and one-half (NGA.U) for Q4 2020, worth a combined $12.3M — down 96% from $285M a quarter earlier.
Sellers outnumbered buyers: 50 funds closed out of NGA.U and 4 opened new positions — a net loss of 46 holders — while 6 trimmed existing stakes and 0 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $323K. The largest seller was Hartree Partners, cutting an estimated $32.8M.
- 11 institutional investors held Northern Genesis Acquisition Corp. Units, each consisting of one share of common stock and one-half (NGA.U) as of Q4 2020, down from 58 in Q3 2020.
- Funds reported $12.3M of Northern Genesis Acquisition Corp. Units, each consisting of one share of common stock and one-half stock for Q4 2020, down 96% quarter-over-quarter.
- 4 funds opened new Northern Genesis Acquisition Corp. Units, each consisting of one share of common stock and one-half positions in Q4 2020 and 50 closed out, a net change of -46 holders.
- The largest Northern Genesis Acquisition Corp. Units, each consisting of one share of common stock and one-half buyer in Q4 2020 was Virtu Financial, an estimated $323K added.
- The largest Northern Genesis Acquisition Corp. Units, each consisting of one share of common stock and one-half seller in Q4 2020 was Hartree Partners, an estimated $32.8M sold.
Based on aggregated 13F filings for Q4 2020.