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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
GCM
76
Ghisallo Capital Management
Massachusetts
– -$3.73M -375,000 Closed
BI
77
Bulldog Investors
New Jersey
– -$3.42M -344,002 Closed
Hudson Bay Capital Management
78
Hudson Bay Capital Management
Connecticut
– -$3M -301,391 Closed
WRBC
79
W.R. Berkley Corp
Connecticut
– -$2.65M -266,696 Closed
DKCM
80
Davidson Kempner Capital Management
New York
– -$2.49M -250,000 Closed
LP
81
LMR Partners
United Kingdom
– -$2.49M -250,000 Closed
SC
82
Sculptor Capital
New York
– -$2.02M -201,922 -100%
Alyeska Investment Group
83
Alyeska Investment Group
Illinois
– -$1.99M -200,000 Closed
FIG
84
Fortress Investment Group
New York
– -$1.99M -200,000 Closed
MP
85
Mangrove Partners
Connecticut
– -$1.99M -200,000 Closed
MIM
86
Monashee Investment Management
Massachusetts
– -$1.99M -200,000 Closed
TCA
87
Taconic Capital Advisors
New York
– -$1.99M -200,000 Closed
Goldman Sachs
88
Goldman Sachs
New York
– -$1.98M -199,169 Closed
LA
89
Linden Advisors
New York
– -$1.92M -192,499 Closed
UOC
90
UBS O'Connor
Illinois
– -$1.49M -150,098 Closed
WP
91
Woodline Partners
California
– -$1.49M -150,000 Closed
ECU
92
Eisler Capital (UK)
United Kingdom
– -$1.34M -135,024 Closed
CC
93
Covalis Capital
United Kingdom
– -$995K -100,000 Closed
CH
94
CVI Holdings
Delaware
– -$995K -100,000 Closed
FCM
95
Farallon Capital Management
California
– -$995K -100,000 Closed
FTCM
96
Fir Tree Capital Management
New York
– -$995K -100,000 Closed
HP
97
Hartree Partners
New York
– -$995K -100,000 Closed
MI
98
MMCAP International
Cayman Islands
– -$995K -100,000 Closed
OAC
99
OMERS Administration Corp
Ontario, Canada
– -$995K -100,000 Closed
SCC
100
Spring Creek Capital
Kansas
– -$995K -100,000 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.