Northern Star Investment Corp. II
NSTB
NSTB was delisted on the 26th of January, 2024.
70 hedge funds and large institutions have $272M invested in Northern Star Investment Corp. II in 2022 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 17 increasing their positions, 12 reducing their positions, and 31 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 3 → 6 (+3)
42% more repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 12
20% less funds holding
Funds holding: 88 → 70 (-18)
27% less capital invested
Capital invested by funds: $372M → $272M (-$100M)
52% less call options, than puts
Call options by funds: $482K | Put options by funds: $998K
55% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 31
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$5.95M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$4.49M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$2.94M |
| 4 |
TCA
Taconic Capital Advisors
New York
|
+$2.73M |
| 5 |
KC
Kepos Capital
New York
|
+$2.49M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$37.6M |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$32.3M |
| 3 |
HCM
Highbridge Capital Management
New York
|
-$14.2M |
| 4 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$7.54M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$6.83M |
NSTB Hedge Fund Activity: Q4 2022 in Review
70 of the 6,222 institutional investors tracked by Wall St. Rank reported a position in Northern Star Investment Corp. II (NSTB) for Q4 2022, worth a combined $272M — down 27% from $372M a quarter earlier.
Sellers outnumbered buyers: 31 funds closed out of NSTB and 14 opened new positions — a net loss of 17 holders — while 12 trimmed existing stakes and 17 added.
The largest buyer was First Trust Capital Management, adding an estimated $5.95M. The largest seller was Saba Capital Management, exiting entirely with an estimated $37.6M sold.
- 70 institutional investors held Northern Star Investment Corp. II (NSTB) as of Q4 2022, down from 88 in Q3 2022.
- Funds reported $272M of Northern Star Investment Corp. II stock for Q4 2022, down 27% quarter-over-quarter.
- 14 funds opened new Northern Star Investment Corp. II positions in Q4 2022 and 31 closed out, a net change of -17 holders.
- The largest Northern Star Investment Corp. II buyer in Q4 2022 was First Trust Capital Management, an estimated $5.95M added.
- The largest Northern Star Investment Corp. II seller in Q4 2022 was Saba Capital Management, an estimated $37.6M sold.
Based on aggregated 13F filings for Q4 2022.