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SBII.U

Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant
SBII.U

Delisted

SBII.U was delisted on the 25th of November, 2022.

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30 hedge funds and large institutions have $64.9M invested in Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant in 2021 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 8 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

24% less capital invested

Capital invested by funds: $85.7M → $64.9M (-$20.7M)

32% less funds holding

Funds holding: 44 → 30 (-14)

75% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 8

93% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 15

Holders
30
Holders Change
-14
Holders Change %
-31.82%
% of All Funds
0.53%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
2
Reduced
8
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AR
Advisory Research
Illinois
+$215K
2
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
+$1.32K
3
Jane Street
Jane Street
New York
+$721

Top Sellers

Rank Fund Capital Flow
1
BCM
BlueCrest Capital Management
Jersey
-$10M
2
Macquarie Group
Macquarie Group
Australia
-$7.01M
3
PC
Periscope Capital
Ontario, Canada
-$6.85M
4
GCL
Glazer Capital LLC
New York
-$4.01M
5
CCM
CAAS Capital Management
New York
-$1.56M
Name Holding Trade Value Shares
Change 		Change in
Stake
UBS Group
26
UBS Group
Switzerland
$11K -$3.8K -380 -25%
ICM
27
III Capital Management
Florida
$9K – – –
Royal Bank of Canada
28
Royal Bank of Canada
Ontario, Canada
$2K +$1.32K +132 +178%
BCM
29
BlueCrest Capital Management
Jersey
– -$10M -1,000,000 Closed
Macquarie Group
30
Macquarie Group
Australia
– -$7.01M -700,000 Closed
PC
31
Periscope Capital
Ontario, Canada
– -$6.85M -684,200 Closed
CCM
32
CAAS Capital Management
New York
– -$1.56M -155,602 Closed
AA
33
AQR Arbitrage
Connecticut
– -$1.22M -122,000 Closed
GF
34
Gabelli Funds
New York
– -$1.02M -102,300 Closed
GCIA
35
Gabelli & Co Investment Advisers
New York
– -$978K -97,700 Closed
D.E. Shaw & Co
36
D.E. Shaw & Co
New York
– -$848K -84,754 Closed
RCM
37
Rivernorth Capital Management
Florida
– -$631K -63,033 Closed
ICM
38
Ionic Capital Management
New York
– -$501K -50,000 Closed
BCM
39
Basso Capital Management
Connecticut
– -$235K -23,498 Closed
CC
40
Centiva Capital
New York
– -$200K -20,000 Closed
KSCM
41
King Street Capital Management
New York
– -$200K -20,000 Closed
FTUS
42
Flow Traders U.S.
New York
– -$143K -14,278 Closed
TRCT
43
Tower Research Capital (TRC)
New York
– -$1K -100 Closed
1
2

SBII.U Hedge Fund Activity: Q3 2021 in Review

30 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant (SBII.U) for Q3 2021, worth a combined $64.9M — down 24% from $85.7M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of SBII.U and 1 opened new positions — a net loss of 14 holders — while 8 trimmed existing stakes and 2 added.

The largest buyer was Advisory Research, opening a new position worth an estimated $215K. The largest seller was BlueCrest Capital Management, exiting entirely with an estimated $10M sold.

  • 30 institutional investors held Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant (SBII.U) as of Q3 2021, down from 44 in Q2 2021.
  • Funds reported $64.9M of Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant stock for Q3 2021, down 24% quarter-over-quarter.
  • 1 fund opened new Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant positions in Q3 2021 and 15 closed out, a net change of -14 holders.
  • The largest Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant buyer in Q3 2021 was Advisory Research, an estimated $215K added.
  • The largest Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant seller in Q3 2021 was BlueCrest Capital Management, an estimated $10M sold.

Based on aggregated 13F filings for Q3 2021.