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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
GCL
1
Glazer Capital LLC
New York
$31.9M -$390K -39,058 -1%
AC
2
Aristeia Capital
Connecticut
$18.1M – – –
PC
3
Periscope Capital
Ontario, Canada
$16.5M +$10.4M +1,045,670 +174%
Millennium Management
4
Millennium Management
New York
$13.3M -$5.17M -518,000 -28%
Citadel Advisors
5
Citadel Advisors
Florida
$8.6M -$3.16M -316,446 -27%
Allianz Asset Management
6
Allianz Asset Management
Germany
$8.13M -$1.08M -107,700 -12%
BCM
7
BlueCrest Capital Management
Jersey
$7M – – –
FPA
8
First Pacific Advisors
California
$6.64M +$6.64M +664,459 New
KC
9
Kepos Capital
New York
$5.25M -$1.15M -115,400 -18%
SIG
10
Senator Investment Group
New York
$5M – – –
SRCM
11
Sage Rock Capital Management
New York
$3.83M – – –
AIMCA
12
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$3.75M – – –
SRF
13
Silver Rock Financial
California
$3.47M +$987K +98,797 +40%
SCM
14
Shaolin Capital Management
Florida
$3.25M – – –
BCL
15
Bracebridge Capital LLC
Massachusetts
$3.1M – – –
D.E. Shaw & Co
16
D.E. Shaw & Co
New York
$2.96M +$463K +46,327 +19%
CL
17
CSS LLC
Illinois
$2.74M -$938K -93,855 -25%
SFM
18
Soros Fund Management
New York
$2M – – –
WC
19
Wealthspring Capital
New York
$1.59M -$105K -10,539 -6%
Citigroup
20
Citigroup
New York
$1.5M – – –
ESCM
21
Echo Street Capital Management
New York
$1.5M – – –
CTC
22
Chai Trust Company
Illinois
$1.49M – – –
MAM
23
Melqart Asset Management
United Kingdom
$1.43M – – –
AA
24
AQR Arbitrage
Connecticut
$1.2M – – –
MAM
25
Myriad Asset Management
Hong Kong
$1.12M – – –
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.