Southport Acquisition Corporation
PORT
PORT was delisted on the 21st of March, 2024.
38 hedge funds and large institutions have $163M invested in Southport Acquisition Corporation in 2023 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 6 increasing their positions, 5 reducing their positions, and 26 closing their positions.
20% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 5
27% less capital invested
Capital invested by funds: $224M → $163M (-$60.3M)
33% less funds holding
Funds holding: 57 → 38 (-19)
69% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$8.63M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$7.36M |
| 3 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
+$7.3M |
| 4 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$5.78M |
| 5 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$5.22M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$14.2M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$11.2M |
| 3 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$10.6M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$9.27M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$6.54M |
PORT Hedge Fund Activity: Q2 2023 in Review
38 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Southport Acquisition Corporation (PORT) for Q2 2023, worth a combined $163M — down 27% from $224M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of PORT and 8 opened new positions — a net loss of 18 holders — while 5 trimmed existing stakes and 6 added.
The largest buyer was First Trust Capital Management, opening a new position worth an estimated $8.63M. The largest seller was Saba Capital Management, exiting entirely with an estimated $14.2M sold.
- 38 institutional investors held Southport Acquisition Corporation (PORT) as of Q2 2023, down from 57 in Q1 2023.
- Funds reported $163M of Southport Acquisition Corporation stock for Q2 2023, down 27% quarter-over-quarter.
- 8 funds opened new Southport Acquisition Corporation positions in Q2 2023 and 26 closed out, a net change of -18 holders.
- The largest Southport Acquisition Corporation buyer in Q2 2023 was First Trust Capital Management, an estimated $8.63M added.
- The largest Southport Acquisition Corporation seller in Q2 2023 was Saba Capital Management, an estimated $14.2M sold.
Based on aggregated 13F filings for Q2 2023.