Pyrophyte Acquisition Corp.
PHYT
PHYT was delisted on the 25th of October, 2024.
28 hedge funds and large institutions have $93.6M invested in Pyrophyte Acquisition Corp. in 2023 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 12 reducing their positions, and 36 closing their positions.
54% less funds holding
Funds holding: 61 → 28 (-33)
55% less capital invested
Capital invested by funds: $209M → $93.6M (-$116M)
58% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 12
89% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 36
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $1.68M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
+$5.66M |
| 2 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$1.9M |
| 3 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
+$1.88M |
| 4 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$1.53M |
| 5 |
BCM
BCK Capital Management
Stamford,
Connecticut
|
+$393K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$16.5M |
| 2 |
SCM
Saba Capital Management
New York
|
-$8.19M |
| 3 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$8.1M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$7.29M |
| 5 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
-$7.05M |
PHYT Hedge Fund Activity: Q2 2023 in Review
28 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Pyrophyte Acquisition Corp. (PHYT) for Q2 2023, worth a combined $93.6M — down 55% from $209M a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of PHYT and 4 opened new positions — a net loss of 32 holders — while 12 trimmed existing stakes and 5 added.
The largest buyer was Cowen and Company, opening a new position worth an estimated $5.66M. The largest seller was Adage Capital Partners, exiting entirely with an estimated $16.5M sold.
- 28 institutional investors held Pyrophyte Acquisition Corp. (PHYT) as of Q2 2023, down from 61 in Q1 2023.
- Funds reported $93.6M of Pyrophyte Acquisition Corp. stock for Q2 2023, down 55% quarter-over-quarter.
- 4 funds opened new Pyrophyte Acquisition Corp. positions in Q2 2023 and 36 closed out, a net change of -32 holders.
- The largest Pyrophyte Acquisition Corp. buyer in Q2 2023 was Cowen and Company, an estimated $5.66M added.
- The largest Pyrophyte Acquisition Corp. seller in Q2 2023 was Adage Capital Partners, an estimated $16.5M sold.
Based on aggregated 13F filings for Q2 2023.