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.
13 hedge funds and large institutions have $26.1M 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 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 5 reducing their positions, and 14 closing their positions.
50% less funds holding
Funds holding: 26 → 13 (-13)
80% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 5
93% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 14
96% less capital inflows, than outflows
Capital inflows: $1.81M | Capital outflows: $51.3M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
+$1.25M |
| 2 |
Credit Suisse
Zurich,
Switzerland
|
+$569K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Sculptor Capital
New York
|
-$6.25M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$6.06M |
| 3 |
MAM
Myriad Asset Management
North Point,
Hong Kong
|
-$5.05M |
| 4 |
Millennium Management
New York
|
-$4.95M |
| 5 |
Jane Street
New York
|
-$4.55M |
NGC.U Hedge Fund Activity: Q3 2021 in Review
13 of the 5,730 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 Q3 2021, worth a combined $26.1M — down 66% from $75.9M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of NGC.U and 1 opened new positions — a net loss of 13 holders — while 5 trimmed existing stakes and 1 added.
The largest buyer was Parallax Volatility Advisers, adding an estimated $1.25M. The largest seller was Sculptor Capital, cutting an estimated $6.25M.
- 13 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 Q3 2021, down from 26 in Q2 2021.
- Funds reported $26.1M of Northern Genesis Acquisition Corp. III Units, each consisting of one share of common stock and one-quarter of one redeemable warrant stock for Q3 2021, down 66% quarter-over-quarter.
- 1 fund 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 Q3 2021 and 14 closed out, a net change of -13 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 Q3 2021 was Parallax Volatility Advisers, an estimated $1.25M 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 Q3 2021 was Sculptor Capital, an estimated $6.25M sold.
Based on aggregated 13F filings for Q3 2021.