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
NSTC.U was delisted on the 5th of September, 2023.
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.
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)
Top Buyers
Top Sellers
| 1 |
PI
PEAK6 Investments
Chicago,
Illinois
|
-$29.9M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$17.4M |
| 3 |
CCM
Cadian Capital Management
New York
|
-$14.9M |
| 4 |
Nomura Holdings
Tokyo,
Japan
|
-$14.4M |
| 5 |
EC
EJF Capital
Arlington,
Virginia
|
-$10.3M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
TCM
101
Tenor Capital Management
New York
| – | -$995K | -100,000 | Closed |
|
|
DCM
102
Dupont Capital Management
Wilmington,
Delaware
| – | -$999K | -99,996 | -100% |
|
|
WA
103
Whitebox Advisors
Minneapolis,
Minnesota
| – | -$675K | -67,860 | Closed |
|
104
Jane Street
New York
| – | -$498K | -50,000 | Closed |
|
|
MS
105
Maven Securities
St Helier,
Jersey
| – | -$494K | -50,000 | Closed |
|
|
SCM
106
Segantii Capital Management
Hong Kong
| – | -$498K | -50,000 | Closed |
|
|
LC
107
Littlejohn & Co
Greenwich,
Connecticut
| – | -$259K | -26,000 | Closed |
|
108
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$247K | -24,834 | Closed |
|
|
AC
109
Athanor Capital
New York
| – | -$108K | -10,900 | Closed |
|
|
ACM
110
Atalaya Capital Management
New York
| – | -$100K | -10,000 | Closed |
|
111
Capstone Investment Advisors
New York
| – | -$100K | -10,000 | Closed |
|
|
AA
112
Ancora Advisors
Cleveland,
Ohio
| – | -$24K | -2,400 | Closed |
|
|
TRCT
113
Tower Research Capital (TRC)
New York
| – | +$290 | +29 | New |
|
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.