Southport Acquisition Corporation
PORT
PORT was delisted on the 21st of March, 2024.
13 hedge funds and large institutions have $42.2M invested in Southport Acquisition Corporation in 2023 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 8 reducing their positions, and 27 closing their positions.
66% less funds holding
Funds holding: 38 → 13 (-25)
74% less capital invested
Capital invested by funds: $163M → $42.2M (-$121M)
88% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 8
93% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 27
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
+$966K |
| 2 |
VF
Virtu Financial
New York
|
+$179K |
| 3 |
CS
Clear Street
New York
|
+$28.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$14.2M |
| 2 |
Calamos Advisors
Naperville,
Illinois
|
-$10.5M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$10.2M |
| 4 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$8.68M |
| 5 |
CF
Cantor Fitzgerald
New York
|
-$7.72M |
PORT Hedge Fund Activity: Q3 2023 in Review
13 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Southport Acquisition Corporation (PORT) for Q3 2023, worth a combined $42.2M — down 74% from $163M a quarter earlier.
Sellers outnumbered buyers: 27 funds closed out of PORT and 2 opened new positions — a net loss of 25 holders — while 8 trimmed existing stakes and 1 added.
The largest buyer was Cowen and Company, opening a new position worth an estimated $966K. The largest seller was Westchester Capital Management (New York), exiting entirely with an estimated $14.2M sold.
- 13 institutional investors held Southport Acquisition Corporation (PORT) as of Q3 2023, down from 38 in Q2 2023.
- Funds reported $42.2M of Southport Acquisition Corporation stock for Q3 2023, down 74% quarter-over-quarter.
- 2 funds opened new Southport Acquisition Corporation positions in Q3 2023 and 27 closed out, a net change of -25 holders.
- The largest Southport Acquisition Corporation buyer in Q3 2023 was Cowen and Company, an estimated $966K added.
- The largest Southport Acquisition Corporation seller in Q3 2023 was Westchester Capital Management (New York), an estimated $14.2M sold.
Based on aggregated 13F filings for Q3 2023.