Northern Genesis Acquisition Corp. III Units, each consisting of one share of common stock and one-quarter of one redeemable warrant
NGC.U
NGC.U was delisted on the 20th of March, 2023.
26 hedge funds and large institutions have $75.9M invested in Northern Genesis Acquisition Corp. III Units, each consisting of one share of common stock and one-quarter of one redeemable warrant in 2021 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 19 closing their positions.
40% less funds holding
Funds holding: 43 → 26 (-17)
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
89% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 19
99% less capital inflows, than outflows
Capital inflows: $733K | Capital outflows: $91.1M
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
+$346K |
| 2 |
KC
Kepos Capital
New York
|
+$252K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$49.9K |
| 4 |
Magnetar Financial
Evanston,
Illinois
|
+$37.4K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$30.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$11.5M |
| 2 |
NAM
NewGen Asset Management
Toronto,
Ontario, Canada
|
-$11M |
| 3 |
Adage Capital Partners
Boston,
Massachusetts
|
-$8.98M |
| 4 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
-$8.98M |
| 5 |
SRCM
Sage Rock Capital Management
New York
|
-$6.92M |
NGC.U Hedge Fund Activity: Q2 2021 in Review
26 of the 5,769 institutional investors tracked by Wall St. Rank reported a position in Northern Genesis Acquisition Corp. III Units, each consisting of one share of common stock and one-quarter of one redeemable warrant (NGC.U) for Q2 2021, worth a combined $75.9M — down 54% from $165M a quarter earlier.
Sellers outnumbered buyers: 19 funds closed out of NGC.U and 2 opened new positions — a net loss of 17 holders — while 11 trimmed existing stakes and 5 added.
The largest buyer was Parallax Volatility Advisers, adding an estimated $346K. The largest seller was Alberta Investment Management Corp (AIMCo), exiting entirely with an estimated $11.5M sold.
- 26 institutional investors held Northern Genesis Acquisition Corp. III Units, each consisting of one share of common stock and one-quarter of one redeemable warrant (NGC.U) as of Q2 2021, down from 43 in Q1 2021.
- Funds reported $75.9M of Northern Genesis Acquisition Corp. III Units, each consisting of one share of common stock and one-quarter of one redeemable warrant stock for Q2 2021, down 54% quarter-over-quarter.
- 2 funds opened new Northern Genesis Acquisition Corp. III Units, each consisting of one share of common stock and one-quarter of one redeemable warrant positions in Q2 2021 and 19 closed out, a net change of -17 holders.
- The largest Northern Genesis Acquisition Corp. III Units, each consisting of one share of common stock and one-quarter of one redeemable warrant buyer in Q2 2021 was Parallax Volatility Advisers, an estimated $346K added.
- The largest Northern Genesis Acquisition Corp. III Units, each consisting of one share of common stock and one-quarter of one redeemable warrant seller in Q2 2021 was Alberta Investment Management Corp (AIMCo), an estimated $11.5M sold.
Based on aggregated 13F filings for Q2 2021.