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.
18 hedge funds and large institutions have $25.5M invested in Northern Genesis Acquisition Corp. II Units, each consisting of one share of common stock and one-th in 2021 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 7 reducing their positions, and 13 closing their positions.
38% less funds holding
Funds holding: 29 → 18 (-11)
71% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 7
75% less capital invested
Capital invested by funds: $103M → $25.5M (-$77.5M)
85% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 13
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$761K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$30.9K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$21.3K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$3.44K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$31.1M |
| 2 |
HP
Hartree Partners
New York
|
-$18.5M |
| 3 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$7.33M |
| 4 |
YCM
Yaupon Capital Management
New York
|
-$5.03M |
| 5 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
-$4.15M |
NGAB.U Hedge Fund Activity: Q3 2021 in Review
18 of the 5,728 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 Q3 2021, worth a combined $25.5M — down 75% from $103M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of NGAB.U and 2 opened new positions — a net loss of 11 holders — while 7 trimmed existing stakes and 2 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $761K. The largest seller was Magnetar Financial, exiting entirely with an estimated $31.1M sold.
- 18 institutional investors held Northern Genesis Acquisition Corp. II Units, each consisting of one share of common stock and one-th (NGAB.U) as of Q3 2021, down from 29 in Q2 2021.
- Funds reported $25.5M of Northern Genesis Acquisition Corp. II Units, each consisting of one share of common stock and one-th stock for Q3 2021, down 75% quarter-over-quarter.
- 2 funds opened new Northern Genesis Acquisition Corp. II Units, each consisting of one share of common stock and one-th positions in Q3 2021 and 13 closed out, a net change of -11 holders.
- The largest Northern Genesis Acquisition Corp. II Units, each consisting of one share of common stock and one-th buyer in Q3 2021 was Susquehanna International Group, an estimated $761K added.
- The largest Northern Genesis Acquisition Corp. II Units, each consisting of one share of common stock and one-th seller in Q3 2021 was Magnetar Financial, an estimated $31.1M sold.
Based on aggregated 13F filings for Q3 2021.