OceanTech Acquisitions I Corp. Class A Common Stock
OTEC
OTEC was delisted on the 23rd of January, 2024.
17 hedge funds and large institutions have $18M invested in OceanTech Acquisitions I Corp. Class A Common Stock in 2022 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 29 closing their positions.
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
61% less funds holding
Funds holding: 44 → 17 (-27)
80% less capital invested
Capital invested by funds: $92M → $18M (-$74.1M)
93% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 29
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OCAM
Owl Creek Asset Management
New York
|
+$3.1M |
| 2 |
GCL
Glazer Capital LLC
New York
|
+$1.22M |
| 3 |
Walleye Capital
New York
|
+$321K |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$248K |
| 5 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$206 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$10.1M |
| 2 |
SCM
Saba Capital Management
New York
|
-$9.47M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$6.99M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$4.92M |
| 5 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
-$4.55M |
OTEC Hedge Fund Activity: Q4 2022 in Review
17 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in OceanTech Acquisitions I Corp. Class A Common Stock (OTEC) for Q4 2022, worth a combined $18M — down 80% from $92M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of OTEC and 2 opened new positions — a net loss of 27 holders — while 7 trimmed existing stakes and 3 added.
The largest buyer was Owl Creek Asset Management, opening a new position worth an estimated $3.1M. The largest seller was Hudson Bay Capital Management, exiting entirely with an estimated $10.1M sold.
- 17 institutional investors held OceanTech Acquisitions I Corp. Class A Common Stock (OTEC) as of Q4 2022, down from 44 in Q3 2022.
- Funds reported $18M of OceanTech Acquisitions I Corp. Class A Common Stock stock for Q4 2022, down 80% quarter-over-quarter.
- 2 funds opened new OceanTech Acquisitions I Corp. Class A Common Stock positions in Q4 2022 and 29 closed out, a net change of -27 holders.
- The largest OceanTech Acquisitions I Corp. Class A Common Stock buyer in Q4 2022 was Owl Creek Asset Management, an estimated $3.1M added.
- The largest OceanTech Acquisitions I Corp. Class A Common Stock seller in Q4 2022 was Hudson Bay Capital Management, an estimated $10.1M sold.
Based on aggregated 13F filings for Q4 2022.