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.
44 hedge funds and large institutions have $96.3M 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 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 15 closing their positions.
19% less funds holding
Funds holding: 54 → 44 (-10)
30% less capital invested
Capital invested by funds: $138M → $96.3M (-$41.9M)
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
60% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
+$1.38M |
| 2 |
Citigroup
New York
|
+$458K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$220K |
| 4 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$98.9K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$69.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$27.5M |
| 2 |
KC
Kepos Capital
New York
|
-$5.18M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$3.43M |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
-$2.71M |
| 5 |
SFM
Soros Fund Management
New York
|
-$1.97M |
NSTC.U Hedge Fund Activity: Q4 2021 in Review
44 of the 6,518 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 Q4 2021, worth a combined $96.3M — down 30% from $138M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of NSTC.U and 6 opened new positions — a net loss of 9 holders — while 9 trimmed existing stakes and 5 added.
The largest buyer was Parallax Volatility Advisers, opening a new position worth an estimated $1.38M. The largest seller was Glazer Capital LLC, cutting an estimated $27.5M.
- 44 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 Q4 2021, down from 54 in Q3 2021.
- Funds reported $96.3M 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 Q4 2021, down 30% quarter-over-quarter.
- 6 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 Q4 2021 and 15 closed out, a net change of -9 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 Q4 2021 was Parallax Volatility Advisers, an estimated $1.38M 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 Q4 2021 was Glazer Capital LLC, an estimated $27.5M sold.
Based on aggregated 13F filings for Q4 2021.