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NSTC.U

Northern Star Investment Corp. III Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant
NSTC.U

Delisted

NSTC.U was delisted on the 5th of September, 2023.

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66 hedge funds and large institutions have $167M invested in Northern Star Investment Corp. III Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant in 2021 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 11 increasing their positions, 14 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

21% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 14

38% less funds holding

Funds holding: 107 → 66 (-41)

55% less capital invested

Capital invested by funds: $368M → $167M (-$201M)

85% less first-time investments, than exits

New positions opened: 7 | Existing positions closed: 47

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
66
Holders Change
-41
Holders Change %
-38.32%
% of All Funds
1.15%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
7
Increased
11
Reduced
14
Closed
47
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
PC
Periscope Capital
Ontario, Canada
+$10.4M
2
FPA
First Pacific Advisors
California
+$6.64M
3
SRF
Silver Rock Financial
California
+$987K
4
Manulife (Manufacturers Life Insurance)
Manulife (Manufacturers Life Insurance)
Ontario, Canada
+$600K
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$463K

Top Sellers

1
PI
PEAK6 Investments
Illinois
-$29.9M
2
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$17.4M
3
CCM
Cadian Capital Management
New York
-$14.9M
4
Nomura Holdings
Nomura Holdings
Japan
-$14.4M
5
EC
EJF Capital
Virginia
-$10.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
AGC
26
Angelo Gordon & Co
New York
$1M – – –
EVM
27
Eaton Vance Management
Massachusetts
$1M – – –
SMA
28
Sage Mountain Advisors
Georgia
$972K +$452K +45,250 +87%
HF
29
HRT Financial
New York
$749K +$15K +1,499 +2%
Wellington Management Group
30
Wellington Management Group
Massachusetts
$619K -$927K -92,772 -60%
Manulife (Manufacturers Life Insurance)
31
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$600K +$600K +60,018 New
Janus Henderson Group
32
Janus Henderson Group
United Kingdom
$544K +$445K +44,586 +446%
CCM
33
Context Capital Management
California
$500K – – –
COPPSERS
34
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$500K +$240K +24,000 +92%
HP
35
Hound Partners
New York
$499K -$1.32K -132 -0.3%
TPMI
36
Tilden Park Management I
New York
$499K – – –
GC
37
Gillson Capital
Illinois
$467K – – –
WMSA
38
Weiss Multi-Strategy Advisers
New York
$385K – – –
Susquehanna International Group
39
Susquehanna International Group
Pennsylvania
$355K – – –
Walleye Trading
40
Walleye Trading
New York
$280K – – –
GF
41
Gabelli Funds
New York
$255K – – –
IC
42
IEQ Capital
California
$247K – – –
GCIA
43
Gabelli & Co Investment Advisers
New York
$245K – – –
RCM
44
Robinson Capital Management
Michigan
$221K +$222K +22,219 New
CCM
45
CAAS Capital Management
New York
$200K – – –
Calamos Advisors
46
Calamos Advisors
Illinois
$200K – – –
Royal Bank of Canada
47
Royal Bank of Canada
Ontario, Canada
$200K +$260 +26 +0.1%
BFM
48
Boothbay Fund Management
New York
$151K +$150K +15,060 New
DIG
49
DeepCurrents Investment Group
New York
$142K -$58.1K -5,816 -29%
RA
50
Ramius Advisors
New York
$139K -$588K -58,880 -81%
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NSTC.U Hedge Fund Activity: Q2 2021 in Review

66 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Northern Star Investment Corp. III Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant (NSTC.U) for Q2 2021, worth a combined $167M — down 55% from $368M a quarter earlier.

Sellers outnumbered buyers: 47 funds closed out of NSTC.U and 7 opened new positions — a net loss of 40 holders — while 14 trimmed existing stakes and 11 added.

The largest buyer was Periscope Capital, adding an estimated $10.4M. The largest seller was PEAK6 Investments, exiting entirely with an estimated $29.9M sold.

  • 66 institutional investors held Northern Star Investment Corp. III Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant (NSTC.U) as of Q2 2021, down from 107 in Q1 2021.
  • Funds reported $167M of Northern Star Investment Corp. III Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant stock for Q2 2021, down 55% quarter-over-quarter.
  • 7 funds opened new Northern Star Investment Corp. III Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant positions in Q2 2021 and 47 closed out, a net change of -40 holders.
  • The largest Northern Star Investment Corp. III Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant buyer in Q2 2021 was Periscope Capital, an estimated $10.4M added.
  • The largest Northern Star Investment Corp. III Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant seller in Q2 2021 was PEAK6 Investments, an estimated $29.9M sold.

Based on aggregated 13F filings for Q2 2021.