Northern Star Investment Corp. II
NSTB
NSTB was delisted on the 26th of January, 2024.
83 hedge funds and large institutions have $325M invested in Northern Star Investment Corp. II in 2022 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 14 reducing their positions, and 7 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
29% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 14
1% less funds holding
Funds holding: 84 → 83 (-1)
8% less capital invested
Capital invested by funds: $353M → $325M (-$28.6M)
14% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 7
39% less call options, than puts
Call options by funds: $959K | Put options by funds: $1.58M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$5.67M |
| 2 |
Millennium Management
New York
|
+$5.05M |
| 3 |
Balyasny Asset Management
Chicago,
Illinois
|
+$2.45M |
| 4 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$1.76M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.29M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$31.9M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$11.1M |
| 3 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$3.02M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$2.59M |
| 5 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$2.14M |
NSTB Hedge Fund Activity: Q2 2022 in Review
83 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Northern Star Investment Corp. II (NSTB) for Q2 2022, worth a combined $325M — down 8.1% from $353M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of NSTB and 6 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 18 added.
The largest buyer was Saba Capital Management, adding an estimated $5.67M. The largest seller was Magnetar Financial, exiting entirely with an estimated $31.9M sold.
- 83 institutional investors held Northern Star Investment Corp. II (NSTB) as of Q2 2022, down from 84 in Q1 2022.
- Funds reported $325M of Northern Star Investment Corp. II stock for Q2 2022, down 8.1% quarter-over-quarter.
- 6 funds opened new Northern Star Investment Corp. II positions in Q2 2022 and 7 closed out, a net change of -1 holder.
- The largest Northern Star Investment Corp. II buyer in Q2 2022 was Saba Capital Management, an estimated $5.67M added.
- The largest Northern Star Investment Corp. II seller in Q2 2022 was Magnetar Financial, an estimated $31.9M sold.
Based on aggregated 13F filings for Q2 2022.