Offerpad Solutions
OPAD
39 hedge funds and large institutions have $167M invested in Offerpad Solutions in 2021 Q3 according to their latest regulatory filings, with 24 funds opening new positions, 1 increasing their positions, 11 reducing their positions, and 59 closing their positions.
14% more call options, than puts
Call options by funds: $22.3M | Put options by funds: $19.5M
0.56% less ownership
Funds ownership: 0.61% → 0.06% (-0.56%)
47% less funds holding
Funds holding: 74 → 39 (-35)
54% less capital invested
Capital invested by funds: $364M → $167M (-$196M)
59% less first-time investments, than exits
New positions opened: 24 | Existing positions closed: 59
91% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UM
Ulysses Management
New York
|
+$35.3M |
| 2 |
LCG
Luxor Capital Group
New York
|
+$35M |
| 3 |
ZP
Zimmer Partners
New York
|
+$32M |
| 4 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
+$19.4M |
| 5 |
PWAM
Park West Asset Management
San Francisco,
California
|
+$12.8M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$32.3M |
| 2 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$27.7M |
| 3 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
-$21M |
| 4 |
GCL
Glazer Capital LLC
New York
|
-$20.6M |
| 5 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$17.9M |
OPAD Hedge Fund Activity: Q3 2021 in Review
39 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Offerpad Solutions (OPAD) for Q3 2021, worth a combined $167M — down 54% from $364M a quarter earlier.
Sellers outnumbered buyers: 59 funds closed out of OPAD and 24 opened new positions — a net loss of 35 holders — while 11 trimmed existing stakes and 1 added.
The largest buyer was Ulysses Management, opening a new position worth an estimated $35.3M. The largest seller was Citadel Advisors, cutting an estimated $32.3M.
- 39 institutional investors held Offerpad Solutions (OPAD) as of Q3 2021, down from 74 in Q2 2021.
- Funds reported $167M of Offerpad Solutions stock for Q3 2021, down 54% quarter-over-quarter.
- 24 funds opened new Offerpad Solutions positions in Q3 2021 and 59 closed out, a net change of -35 holders.
- The largest Offerpad Solutions buyer in Q3 2021 was Ulysses Management, an estimated $35.3M added.
- The largest Offerpad Solutions seller in Q3 2021 was Citadel Advisors, an estimated $32.3M sold.
Based on aggregated 13F filings for Q3 2021.