Revelstone Capital Acquisition Corp. Class A Common Stock
RCAC
RCAC was delisted on the 1st of March, 2024.
17 hedge funds and large institutions have $37.7M invested in Revelstone Capital Acquisition Corp. Class A Common Stock in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 0 increasing their positions, 7 reducing their positions, and 24 closing their positions.
51% less funds holding
Funds holding: 35 → 17 (-18)
74% less capital invested
Capital invested by funds: $147M → $37.7M (-$109M)
75% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 24
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 7
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $1.14M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
+$4.54M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$3.09M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.36M |
| 4 |
Verition Fund Management
Greenwich,
Connecticut
|
+$1.03M |
| 5 |
CM
Cohanzick Management
Pleasantville,
New York
|
+$580K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$13.4M |
| 2 |
GL
Governors Lane
New York
|
-$11.5M |
| 3 |
CCM
CAAS Capital Management
New York
|
-$11.4M |
| 4 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$10.9M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$10.4M |
RCAC Hedge Fund Activity: Q2 2023 in Review
17 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Revelstone Capital Acquisition Corp. Class A Common Stock (RCAC) for Q2 2023, worth a combined $37.7M — down 74% from $147M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of RCAC and 6 opened new positions — a net loss of 18 holders — while 7 trimmed existing stakes and 0 added.
The largest buyer was Sandia Investment Management, opening a new position worth an estimated $4.54M. The largest seller was Saba Capital Management, exiting entirely with an estimated $13.4M sold.
- 17 institutional investors held Revelstone Capital Acquisition Corp. Class A Common Stock (RCAC) as of Q2 2023, down from 35 in Q1 2023.
- Funds reported $37.7M of Revelstone Capital Acquisition Corp. Class A Common Stock stock for Q2 2023, down 74% quarter-over-quarter.
- 6 funds opened new Revelstone Capital Acquisition Corp. Class A Common Stock positions in Q2 2023 and 24 closed out, a net change of -18 holders.
- The largest Revelstone Capital Acquisition Corp. Class A Common Stock buyer in Q2 2023 was Sandia Investment Management, an estimated $4.54M added.
- The largest Revelstone Capital Acquisition Corp. Class A Common Stock seller in Q2 2023 was Saba Capital Management, an estimated $13.4M sold.
Based on aggregated 13F filings for Q2 2023.