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 $201M 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)
45% less capital invested
Capital invested by funds: $368M → $201M (-$167M)
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
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$10.4M |
| 2 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$6.64M |
| 3 |
SRF
Silver Rock Financial
Los Angeles,
California
|
+$987K |
| 4 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
+$600K |
| 5 |
D.E. Shaw & Co
New York
|
+$463K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 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 |
NSTC.U Hedge Fund Activity: Q2 2021 in Review
66 of the 5,767 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 $201M — down 45% 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 $201M 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 45% 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.