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.
32 hedge funds and large institutions have $23.6M 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 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 1 increasing their positions, 7 reducing their positions, and 6 closing their positions.
6% less funds holding
Funds holding: 34 → 32 (-2)
19% less capital invested
Capital invested by funds: $29M → $23.6M (-$5.38M)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
86% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$30M |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$311K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$105K |
| 4 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$26.5K |
| 5 |
CS
Clear Street
New York
|
+$88 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SRCM
Sage Rock Capital Management
New York
|
-$3.51M |
| 2 |
GF
Gabelli Funds
Rye,
New York
|
-$502K |
| 3 |
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
|
-$491K |
| 4 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
-$481K |
| 5 |
GC
Gillson Capital
Chicago,
Illinois
|
-$429K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MF
26
Magnetar Financial
Evanston,
Illinois
| $30K | +$30M | +3,055,010 | New |
|
|
AA
27
Ancora Advisors
Cleveland,
Ohio
| $26K | +$26.5K | +2,697 | New |
|
|
SRCM
28
Sage Rock Capital Management
New York
| – | -$3.51M | -357,252 | Closed |
|
|
GF
29
Gabelli Funds
Rye,
New York
| – | -$502K | -51,100 | Closed |
|
|
COPPSERS
30
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
| – | -$491K | -50,000 | Closed |
|
|
GCIA
31
Gabelli & Co Investment Advisers
Rye,
New York
| – | -$481K | -48,900 | Closed |
|
|
GC
32
Gillson Capital
Chicago,
Illinois
| – | -$429K | -43,694 | -100% |
|
33
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$197K | -20,000 | Closed |
|
|
RCM
34
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$60K | -6,078 | Closed |
|
|
CS
35
Clear Street
New York
| – | +$88 | +9 | New |
|
NSTD.U Hedge Fund Activity: Q2 2022 in Review
32 of the 5,937 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 Q2 2022, worth a combined $23.6M — down 19% from $29M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of NSTD.U and 4 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 1 added.
The largest buyer was Magnetar Financial, opening a new position worth an estimated $30M. The largest seller was Sage Rock Capital Management, exiting entirely with an estimated $3.51M sold.
- 32 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 Q2 2022, down from 34 in Q1 2022.
- Funds reported $23.6M 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 Q2 2022, down 19% quarter-over-quarter.
- 4 funds 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 Q2 2022 and 6 closed out, a net change of -2 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 Q2 2022 was Magnetar Financial, an estimated $30M 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 Q2 2022 was Sage Rock Capital Management, an estimated $3.51M sold.
Based on aggregated 13F filings for Q2 2022.