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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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54 hedge funds and large institutions have $138M 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 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

17% less capital invested

Capital invested by funds: $167M → $138M (-$29.1M)

18% less funds holding

Funds holding: 66 → 54 (-12)

33% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 9

75% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 16

Holders
54
Holders Change
-12
Holders Change %
-18.18%
% of All Funds
0.95%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
6
Reduced
9
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
EC
EJF Capital
Virginia
+$396K
2
SMA
Sage Mountain Advisors
Georgia
+$269K
3
FTUS
Flow Traders U.S.
New York
+$114K
4
OMC
Old Mission Capital
Illinois
+$113K
5
AA
Ancora Advisors
Ohio
+$17.1K

Top Sellers

1
PC
Periscope Capital
Ontario, Canada
-$12.8M
2
Millennium Management
Millennium Management
New York
-$9.5M
3
Citadel Advisors
Citadel Advisors
Florida
-$8.41M
4
Allianz Asset Management
Allianz Asset Management
Germany
-$8.13M
5
BCM
BlueCrest Capital Management
Jersey
-$7M
Name Holding Trade Value Shares
Change 		Change in
Stake
MF
1
Magnetar Financial
Illinois
$33.5M – – –
GCL
2
Glazer Capital LLC
New York
$31.4M -$116K -11,737 -0.4%
AC
3
Aristeia Capital
Connecticut
$17.8M – – –
FPA
4
First Pacific Advisors
California
$6.55M – – –
KC
5
Kepos Capital
New York
$5.18M – – –
SIG
6
Senator Investment Group
New York
$4.93M – – –
SRCM
7
Sage Rock Capital Management
New York
$3.77M – – –
Millennium Management
8
Millennium Management
New York
$3.7M -$9.5M -959,600 -72%
PC
9
Periscope Capital
Ontario, Canada
$3.43M -$12.8M -1,297,600 -79%
SRF
10
Silver Rock Financial
California
$3.43M – – –
BCL
11
Bracebridge Capital LLC
Massachusetts
$3.06M – – –
CL
12
CSS LLC
Illinois
$2.71M +$5.94K +600 +0.2%
SFM
13
Soros Fund Management
New York
$1.97M – – –
WC
14
Wealthspring Capital
New York
$1.54M -$26.5K -2,675 -2%
Citigroup
15
Citigroup
New York
$1.48M – – –
ESCM
16
Echo Street Capital Management
New York
$1.48M – – –
MAM
17
Melqart Asset Management
United Kingdom
$1.41M – – –
SMA
18
Sage Mountain Advisors
Georgia
$1.23M +$269K +27,150 +28%
MAM
19
Myriad Asset Management
Hong Kong
$1.11M – – –
HF
20
HRT Financial
New York
$738K – – –
Wellington Management Group
21
Wellington Management Group
Massachusetts
$610K – – –
Manulife (Manufacturers Life Insurance)
22
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$592K +$238 +24 +0%
Janus Henderson Group
23
Janus Henderson Group
United Kingdom
$538K – – –
COPPSERS
24
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$493K – – –
CCM
25
Context Capital Management
California
$493K – – –
1
2 3

NSTC.U Hedge Fund Activity: Q3 2021 in Review

54 of the 5,712 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 Q3 2021, worth a combined $138M — down 17% from $167M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of NSTC.U and 4 opened new positions — a net loss of 12 holders — while 9 trimmed existing stakes and 6 added.

The largest buyer was EJF Capital, opening a new position worth an estimated $396K. The largest seller was Periscope Capital, cutting an estimated $12.8M.

  • 54 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 Q3 2021, down from 66 in Q2 2021.
  • Funds reported $138M 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 Q3 2021, down 17% quarter-over-quarter.
  • 4 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 Q3 2021 and 16 closed out, a net change of -12 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 Q3 2021 was EJF Capital, an estimated $396K 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 Q3 2021 was Periscope Capital, an estimated $12.8M sold.

Based on aggregated 13F filings for Q3 2021.