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NSTD.U

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

Delisted

NSTD.U was delisted on the 8th of September, 2023.

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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
34
Holders Change
-7
Holders Change %
-17.07%
% of All Funds
0.54%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
5
Reduced
6
Closed
8
Calls
$32.6M
Puts
–
Net Calls
+$32.6M
Net Calls Change
+$32.6M

Top Buyers

1
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$398K
2
WAM
Wolverine Asset Management
Illinois
+$25.6K
3
UBS Group
UBS Group
Switzerland
+$16.5K
4
Jane Street
Jane Street
New York
+$5.12K
5
Walleye Trading
Walleye Trading
New York
+$1.49K

Top Sellers

1
MF
Magnetar Financial
Illinois
-$32.8M
2
AC
Aristeia Capital
Connecticut
-$19.1M
3
Millennium Management
Millennium Management
New York
-$3.3M
4
CAC
Cowen and Company
New York
-$2.97M
5
Citigroup
Citigroup
New York
-$1.85M
Name Holding Trade Value Shares
Change 		Change in
Stake
FPA
1
First Pacific Advisors
California
$5.02M – – –
SRF
2
Silver Rock Financial
California
$3.91M – – –
SRCM
3
Sage Rock Capital Management
New York
$3.51M -$248K -25,248 -7%
BCL
4
Bracebridge Capital LLC
Massachusetts
$3.05M – – –
WC
5
Wealthspring Capital
New York
$1.62M -$40.1K -4,090 -2%
Millennium Management
6
Millennium Management
New York
$1.57M -$3.3M -336,580 -68%
SIA
7
Schechter Investment Advisors
Michigan
$1.39M -$68.4K -6,970 -5%
Jane Street
8
Jane Street
New York
$1.24M +$5.12K +522 +0.4%
Parallax Volatility Advisers
9
Parallax Volatility Advisers
California
$913K +$398K +40,599 +77%
SMA
10
Sage Mountain Advisors
Georgia
$823K -$217K -22,160 -21%
HF
11
HRT Financial
New York
$736K – – –
Janus Henderson Group
12
Janus Henderson Group
United Kingdom
$564K – – –
GF
13
Gabelli Funds
New York
$502K – – –
COPPSERS
14
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$491K – – –
GCIA
15
Gabelli & Co Investment Advisers
New York
$481K – – –
Walleye Capital
16
Walleye Capital
New York
$461K -$27.3K -2,780 -6%
GC
17
Gillson Capital
Illinois
$430K – – –
Susquehanna International Group
18
Susquehanna International Group
Pennsylvania
$288K – – –
Walleye Trading
19
Walleye Trading
New York
$277K +$1.49K +152 +0.5%
E
20
Ergoteles
New York
$258K – – –
CCM
21
CAAS Capital Management
New York
$197K – – –
Royal Bank of Canada
22
Royal Bank of Canada
Ontario, Canada
$197K – – –
Calamos Advisors
23
Calamos Advisors
Illinois
$196K – – –
BFM
24
Boothbay Fund Management
New York
$184K – – –
SIM
25
Sandia Investment Management
Massachusetts
$149K – – –
1
2

NSTD.U Hedge Fund Activity: Q1 2022 in Review

34 of the 6,340 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.