Software Acquisition Group Inc. Unit
SAQNU
SAQNU was delisted on the 14th of October, 2020.
15 hedge funds and large institutions have $31.5M invested in Software Acquisition Group Inc. Unit in 2020 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
29% less funds holding
Funds holding: 21 → 15 (-6)
31% less capital invested
Capital invested by funds: $45.9M → $31.5M (-$14.4M)
86% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 7
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$506K |
| 2 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
+$54.6K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.01K |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$10 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$7.1M |
| 2 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
-$5.66M |
| 3 |
OP
Omni Partners
London,
United Kingdom
|
-$1.94M |
| 4 |
MAM
Myriad Asset Management
North Point,
Hong Kong
|
-$1.23M |
| 5 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$1.22M |
SAQNU Hedge Fund Activity: Q2 2020 in Review
15 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Software Acquisition Group Inc. Unit (SAQNU) for Q2 2020, worth a combined $31.5M — down 31% from $45.9M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of SAQNU and 1 opened new positions — a net loss of 6 holders — while 2 trimmed existing stakes and 3 added.
The largest buyer was Shaolin Capital Management, adding an estimated $506K. The largest seller was Westchester Capital Management (New York), exiting entirely with an estimated $7.1M sold.
- 15 institutional investors held Software Acquisition Group Inc. Unit (SAQNU) as of Q2 2020, down from 21 in Q1 2020.
- Funds reported $31.5M of Software Acquisition Group Inc. Unit stock for Q2 2020, down 31% quarter-over-quarter.
- 1 fund opened new Software Acquisition Group Inc. Unit positions in Q2 2020 and 7 closed out, a net change of -6 holders.
- The largest Software Acquisition Group Inc. Unit buyer in Q2 2020 was Shaolin Capital Management, an estimated $506K added.
- The largest Software Acquisition Group Inc. Unit seller in Q2 2020 was Westchester Capital Management (New York), an estimated $7.1M sold.
Based on aggregated 13F filings for Q2 2020.