Nerdy Inc. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
NRDY.WS
NRDY.WS was delisted on the 25th of September, 2023.
25 hedge funds and large institutions have $15M invested in Nerdy Inc. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share in 2023 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 4 closing their positions.
115% more capital invested
Capital invested by funds: $7M → $15M (+$8.03M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 26 → 25 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ICM
Ionic Capital Management
New York
|
+$310K |
| 2 |
Walleye Capital
New York
|
+$176K |
| 3 |
Two Sigma Investments
New York
|
+$20K |
| 4 |
LP
LMR Partners
London,
United Kingdom
|
+$9.59K |
| 5 |
VF
Virtu Financial
New York
|
+$7.89K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
-$133K |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
-$95.7K |
| 3 |
SAMU
SONA Asset Management (US)
New York
|
-$27.1K |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$21K |
| 5 |
EC
Elequin Capital
New York
|
-$19.2K |
NRDY.WS Hedge Fund Activity: Q1 2023 in Review
25 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Nerdy Inc. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share (NRDY.WS) for Q1 2023, worth a combined $15M — up 115% from $7M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of NRDY.WS and 3 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 2 added.
The largest buyer was Ionic Capital Management, adding an estimated $310K. The largest seller was Cowen and Company, exiting entirely with an estimated $133K sold.
- 25 institutional investors held Nerdy Inc. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share (NRDY.WS) as of Q1 2023, down from 26 in Q4 2022.
- Funds reported $15M of Nerdy Inc. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share stock for Q1 2023, up 115% quarter-over-quarter.
- 3 funds opened new Nerdy Inc. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share positions in Q1 2023 and 4 closed out, a net change of -1 holder.
- The largest Nerdy Inc. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share buyer in Q1 2023 was Ionic Capital Management, an estimated $310K added.
- The largest Nerdy Inc. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share seller in Q1 2023 was Cowen and Company, an estimated $133K sold.
Based on aggregated 13F filings for Q1 2023.