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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
39
Holders Change
-35
Holders Change %
-47.3%
% of All Funds
0.68%
Holding in Top 10
2
Holding in Top 10 Change
+2
Holding in Top 10 Change %
% of All Funds
0.04%
New
24
Increased
1
Reduced
11
Closed
59
Calls
$22.3M
Puts
$19.5M
Net Calls
+$2.79M
Net Calls Change
+$443K

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
Pennsylvania
+$19.4M
5
PWAM
Park West Asset Management
California
+$12.8M

Top Sellers

Rank Fund Capital Flow
1
Citadel Advisors
Citadel Advisors
Florida
-$32.3M
2
ECP
Empyrean Capital Partners
California
-$27.7M
3
CCA
Castle Creek Arbitrage
Colorado
-$21M
4
GCL
Glazer Capital LLC
New York
-$20.6M
5
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$17.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
CC
51
Clearline Capital
New York
– -$6.77M -4,546 Closed
PC
52
Periscope Capital
Ontario, Canada
– -$6.13M -4,115 Closed
TAL
53
TIG Advisors LLC
New York
– -$5.47M -3,675 Closed
Capstone Investment Advisors
54
Capstone Investment Advisors
New York
– -$5.44M -3,650 Closed
AGM
55
Alpine Global Management
New York
– -$4.88M -3,277 Closed
SRFM
56
Shannon River Fund Management
New York
– -$4.84M -3,251 Closed
FTCM
57
First Trust Capital Management
Illinois
– -$4.46M -2,997 Closed
MF
58
Magnetar Financial
Illinois
– -$4.29K -2,881 Closed
MCM
59
Moore Capital Management
New York
– -$3.97M -2,667 Closed
SC
60
Sculptor Capital
New York
– -$3.97M -2,667 Closed
TCM
61
Tenor Capital Management
New York
– -$3.97M -2,667 Closed
RIM
62
Rush Island Management
New York
– -$3.7M -2,485 Closed
SV
63
Starboard Value
New York
– -$3.54M -2,380 Closed
RCM
64
Radcliffe Capital Management
Pennsylvania
– -$3.44M -2,309 Closed
WAM
65
Wolverine Asset Management
Illinois
– -$3M -2,015 Closed
SCC
66
Spring Creek Capital
Kansas
– -$2.98M -2,000 Closed
DKCM
67
Davidson Kempner Capital Management
New York
– -$2.96M -1,988 Closed
Manulife (Manufacturers Life Insurance)
68
Manulife (Manufacturers Life Insurance)
Ontario, Canada
– -$2.84M -1,905 Closed
OPU
69
Omni Partners US
California
– -$2.82M -1,891 Closed
CC
70
Centiva Capital
New York
– -$2.51M -1,683 Closed
AC
71
Athanor Capital
New York
– -$2.49M -1,671 Closed
Hudson Bay Capital Management
72
Hudson Bay Capital Management
Connecticut
– -$1.99M -1,333 Closed
AC
73
Athos Capital
Hong Kong
– -$1.49M -1,000 Closed
PCM
74
Prelude Capital Management
New York
– -$1.29M -865 Closed
CCM
75
Context Capital Management
California
– -$1.26M -843 Closed
1 2
3
4

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.