Northern Genesis Acquisition Corp. II Units, each consisting of one share of common stock and one-th
NGAB.U
NGAB.U was delisted on the 10th of November, 2021.
29 hedge funds and large institutions have $72M invested in Northern Genesis Acquisition Corp. II Units, each consisting of one share of common stock and one-th in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 12 reducing their positions, and 32 closing their positions.
50% less funds holding
Funds holding: 58 → 29 (-29)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
65% less capital invested
Capital invested by funds: $208M → $72M (-$136M)
83% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 12
91% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hartree Partners
New York
|
+$6.32M |
| 2 |
VF
Virtu Financial
New York
|
+$740K |
| 3 |
CAC
Cowen and Company
New York
|
+$283K |
| 4 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$122K |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$9.18K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$30.7M |
| 2 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$30.7M |
| 3 |
Goldman Sachs
New York
|
-$11.7M |
| 4 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
-$6.6M |
| 5 |
SIG
Senator Investment Group
New York
|
-$5.12M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ECM
51
ExodusPoint Capital Management
New York
| – | -$424K | -41,406 | Closed |
|
|
BTP
52
Bloom Tree Partners
New York
| – | -$205K | -20,000 | Closed |
|
53
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$177K | -16,760 | Closed |
|
54
Wolverine Trading
Chicago,
Illinois
| – | -$158K | -15,545 | Closed |
|
|
LA
55
Linden Advisors
New York
| – | -$154K | -15,000 | Closed |
|
56
Nomura Holdings
Tokyo,
Japan
| – | -$133K | -12,931 | Closed |
|
|
COPPSERS
57
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
| – | -$102K | -10,000 | Closed |
|
|
HA
58
Harbor Advisors
West Palm Beach,
Florida
| – | -$102K | -10,000 | Closed |
|
59
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$95.6K | -9,159 | -100% |
|
|
TRCT
60
Tower Research Capital (TRC)
New York
| – | -$1K | -55 | Closed |
|
NGAB.U Hedge Fund Activity: Q2 2021 in Review
29 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in Northern Genesis Acquisition Corp. II Units, each consisting of one share of common stock and one-th (NGAB.U) for Q2 2021, worth a combined $72M — down 65% from $208M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of NGAB.U and 3 opened new positions — a net loss of 29 holders — while 12 trimmed existing stakes and 2 added.
The largest buyer was Hartree Partners, adding an estimated $6.32M. The largest seller was Alberta Investment Management Corp (AIMCo), exiting entirely with an estimated $30.7M sold.
- 29 institutional investors held Northern Genesis Acquisition Corp. II Units, each consisting of one share of common stock and one-th (NGAB.U) as of Q2 2021, down from 58 in Q1 2021.
- Funds reported $72M of Northern Genesis Acquisition Corp. II Units, each consisting of one share of common stock and one-th stock for Q2 2021, down 65% quarter-over-quarter.
- 3 funds opened new Northern Genesis Acquisition Corp. II Units, each consisting of one share of common stock and one-th positions in Q2 2021 and 32 closed out, a net change of -29 holders.
- The largest Northern Genesis Acquisition Corp. II Units, each consisting of one share of common stock and one-th buyer in Q2 2021 was Hartree Partners, an estimated $6.32M added.
- The largest Northern Genesis Acquisition Corp. II Units, each consisting of one share of common stock and one-th seller in Q2 2021 was Alberta Investment Management Corp (AIMCo), an estimated $30.7M sold.
Based on aggregated 13F filings for Q2 2021.