Northern Star Investment Corp. IV Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant
NSTD.U
NSTD.U was delisted on the 8th of September, 2023.
34 hedge funds and large institutions have $29M invested in Northern Star Investment Corp. IV Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant in 2022 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 8 closing their positions.
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
17% less funds holding
Funds holding: 41 → 34 (-7)
68% less capital invested
Capital invested by funds: $91.5M → $29M (-$62.4M)
88% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
+$398K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$25.6K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$16.5K |
| 4 |
Jane Street
New York
|
+$5.12K |
| 5 |
Walleye Trading
New York
|
+$1.49K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$32.8M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$19.1M |
| 3 |
Millennium Management
New York
|
-$3.3M |
| 4 |
CAC
Cowen and Company
New York
|
-$2.97M |
| 5 |
Citigroup
New York
|
-$1.85M |
NSTD.U Hedge Fund Activity: Q1 2022 in Review
34 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Northern Star Investment Corp. IV Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant (NSTD.U) for Q1 2022, worth a combined $29M — down 68% from $91.5M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of NSTD.U and 1 opened new positions — a net loss of 7 holders — while 6 trimmed existing stakes and 5 added.
The largest buyer was Parallax Volatility Advisers, adding an estimated $398K. The largest seller was Magnetar Financial, exiting entirely with an estimated $32.8M sold.
- 34 institutional investors held Northern Star Investment Corp. IV Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant (NSTD.U) as of Q1 2022, down from 41 in Q4 2021.
- Funds reported $29M of Northern Star Investment Corp. IV Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant stock for Q1 2022, down 68% quarter-over-quarter.
- 1 fund opened new Northern Star Investment Corp. IV Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant positions in Q1 2022 and 8 closed out, a net change of -7 holders.
- The largest Northern Star Investment Corp. IV Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant buyer in Q1 2022 was Parallax Volatility Advisers, an estimated $398K added.
- The largest Northern Star Investment Corp. IV Units, each consisting of one share of Class A common stock and one-sixth of one redeemable warrant seller in Q1 2022 was Magnetar Financial, an estimated $32.8M sold.
Based on aggregated 13F filings for Q1 2022.