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NGC.U

Northern Genesis Acquisition Corp. III Units, each consisting of one share of common stock and one-quarter of one redeemable warrant
NGC.U

Delisted

NGC.U was delisted on the 20th of March, 2023.

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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.

New
Increased
Maintained
Reduced
Closed

50% less funds holding

Funds holding: 26 → 13 (-13)

66% less capital invested

Capital invested by funds: $75.9M → $26.1M (-$49.7M)

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

Holders
13
Holders Change
-13
Holders Change %
-50%
% of All Funds
0.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
1
Reduced
5
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$1.25M
2
CS
Credit Suisse
Switzerland
+$569K

Top Sellers

Rank Fund Capital Flow
1
SC
Sculptor Capital
New York
-$6.25M
2
Macquarie Group
Macquarie Group
Australia
-$6.06M
3
MAM
Myriad Asset Management
Hong Kong
-$5.05M
4
Millennium Management
Millennium Management
New York
-$4.95M
5
Jane Street
Jane Street
New York
-$4.55M

NGC.U Hedge Fund Activity: Q3 2021 in Review

13 of the 5,728 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.