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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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44 hedge funds and large institutions have $95.7M 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.

New
Increased
Maintained
Reduced
Closed

19% less funds holding

Funds holding: 54 → 44 (-10)

31% less capital invested

Capital invested by funds: $138M → $95.7M (-$42.1M)

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

Holders
44
Holders Change
-10
Holders Change %
-18.52%
% of All Funds
0.68%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
6
Increased
5
Reduced
9
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$1.38M
2
Citigroup
Citigroup
New York
+$458K
3
RCM
Robinson Capital Management
Michigan
+$220K
4
CAM
Cresset Asset Management
Illinois
+$98.9K
5
UBS Group
UBS Group
Switzerland
+$69.4K

Top Sellers

1
GCL
Glazer Capital LLC
New York
-$27.5M
2
KC
Kepos Capital
New York
-$5.18M
3
PC
Periscope Capital
Ontario, Canada
-$3.43M
4
CL
CSS LLC
Illinois
-$2.71M
5
SFM
Soros Fund Management
New York
-$1.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
MF
1
Magnetar Financial
Illinois
$33.2M -$578K -58,436 -2%
AC
2
Aristeia Capital
Connecticut
$17.9M – – –
FPA
3
First Pacific Advisors
California
$6.59M – – –
SIG
4
Senator Investment Group
New York
$4.96M – – –
GCL
5
Glazer Capital LLC
New York
$3.97M -$27.5M -2,780,101 -87%
SRCM
6
Sage Rock Capital Management
New York
$3.8M – – –
Millennium Management
7
Millennium Management
New York
$3.23M -$494K -50,000 -13%
BCL
8
Bracebridge Capital LLC
Massachusetts
$3.08M – – –
SRF
9
Silver Rock Financial
California
$2.8M -$634K -64,143 -18%
Citigroup
10
Citigroup
New York
$1.95M +$458K +46,324 +31%
MAM
11
Melqart Asset Management
United Kingdom
$1.42M – – –
WC
12
Wealthspring Capital
New York
$1.38M -$170K -17,193 -11%
Parallax Volatility Advisers
13
Parallax Volatility Advisers
California
$1.38M +$1.38M +139,302 New
SIA
14
Schechter Investment Advisors
Michigan
$1.24M +$1.24M +125,145 New
SMA
15
Sage Mountain Advisors
Georgia
$1.21M -$20.3K -2,050 -2%
HF
16
HRT Financial
New York
$743K – – –
Wellington Management Group
17
Wellington Management Group
Massachusetts
$614K – – –
Janus Henderson Group
18
Janus Henderson Group
United Kingdom
$604K +$63.3K +6,398 +12%
COPPSERS
19
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$496K – – –
CCM
20
Context Capital Management
California
$496K – – –
HP
21
Hound Partners
New York
$495K – – –
GC
22
Gillson Capital
Illinois
$434K -$12.6K -1,276 -3%
Walleye Capital
23
Walleye Capital
New York
$385K – – –
WMSA
24
Weiss Multi-Strategy Advisers
New York
$382K – – –
Susquehanna International Group
25
Susquehanna International Group
Pennsylvania
$352K – – –
1
2 3

NSTC.U Hedge Fund Activity: Q4 2021 in Review

44 of the 6,498 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 $95.7M — down 31% 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 $95.7M 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 31% 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.