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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
E
51
Ergoteles
New York
$109K – – –
PG
52
Pendal Group
Australia
$107K +$6.53K +654 +7%
CC
53
Centiva Capital
New York
$100K – – –
KSCM
54
King Street Capital Management
New York
$100K – – –
BCA
55
Berman Capital Advisors
Georgia
$50K – – –
ICM
56
III Capital Management
Florida
$50K – – –
Morgan Stanley
57
Morgan Stanley
New York
$35K – – –
MF
58
Magnetar Financial
Illinois
$34K – – –
UBS Group
59
UBS Group
Switzerland
$31K +$21.8K +2,182 +243%
WAM
60
Wolverine Asset Management
Illinois
$23K -$148K -14,834 -86%
PMAM
61
Picton Mahoney Asset Management
Ontario, Canada
$1K +$20 +2 New
Northwestern Mutual Wealth Management
62
Northwestern Mutual Wealth Management
Wisconsin
$1K +$999 +100 New
Walleye Capital
63
Walleye Capital
New York
$497 +$76.9K +7,700 +18%
PI
64
PEAK6 Investments
Illinois
– -$29.9M -3,000,000 Closed
Adage Capital Partners
65
Adage Capital Partners
Massachusetts
– -$17.4M -1,750,000 Closed
CCM
66
Cadian Capital Management
New York
– -$14.9M -1,500,000 Closed
Nomura Holdings
67
Nomura Holdings
Japan
– -$14.4M -1,450,000 Closed
EC
68
EJF Capital
Virginia
– -$10.3M -1,038,101 Closed
LCM
69
LH Capital Markets
New York
– -$7.96M -800,000 Closed
Verition Fund Management
70
Verition Fund Management
Connecticut
– -$5.04M -506,816 Closed
MCM
71
Moore Capital Management
New York
– -$4.97M -500,000 Closed
RCM
72
Radcliffe Capital Management
Pennsylvania
– -$4.92M -494,300 Closed
HCM
73
Highbridge Capital Management
New York
– -$4.3M -432,670 Closed
SCM
74
Saba Capital Management
New York
– -$4.15M -417,010 Closed
SGCM
75
Sand Grove Capital Management
United Kingdom
– -$3.8M -382,370 Closed
1 2
3
4 5

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.