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.
24 hedge funds and large institutions have $24.6M 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 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 5 reducing their positions, and 11 closing their positions.
4% more capital invested
Capital invested by funds: $23.6M → $24.6M (+$1M)
20% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 5
25% less funds holding
Funds holding: 32 → 24 (-8)
73% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$2.25M |
| 2 |
PCM
Prelude Capital Management
New York
|
+$917K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$917K |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$253K |
| 5 |
CS
Clear Street
New York
|
+$146K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
-$913K |
| 2 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
-$797K |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
-$564K |
| 4 |
E
Ergoteles
New York
|
-$257K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$247K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
E
26
Ergoteles
New York
| – | -$257K | -26,240 | Closed |
|
|
CCM
27
CAAS Capital Management
New York
| – | -$196K | -20,000 | Closed |
|
28
Calamos Advisors
Naperville,
Illinois
| – | -$197K | -20,000 | Closed |
|
|
BFM
29
Boothbay Fund Management
New York
| – | -$184K | -18,714 | Closed |
|
|
SIM
30
Sandia Investment Management
Boston,
Massachusetts
| – | -$148K | -15,136 | Closed |
|
|
CAM
31
Cresset Asset Management
Chicago,
Illinois
| – | -$49K | -10,000 | Closed |
|
NSTD.U Hedge Fund Activity: Q3 2022 in Review
24 of the 5,806 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 Q3 2022, worth a combined $24.6M — up 4.2% from $23.6M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of NSTD.U and 3 opened new positions — a net loss of 8 holders — while 5 trimmed existing stakes and 4 added.
The largest buyer was Jane Street, adding an estimated $2.25M. The largest seller was Parallax Volatility Advisers, exiting entirely with an estimated $913K sold.
- 24 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 Q3 2022, down from 32 in Q2 2022.
- Funds reported $24.6M 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 Q3 2022, up 4.2% quarter-over-quarter.
- 3 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 Q3 2022 and 11 closed out, a net change of -8 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 Q3 2022 was Jane Street, an estimated $2.25M 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 Q3 2022 was Parallax Volatility Advisers, an estimated $913K sold.
Based on aggregated 13F filings for Q3 2022.