Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant
SBII.U
SBII.U was delisted on the 25th of November, 2022.
44 hedge funds and large institutions have $85.7M 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 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 11 increasing their positions, 10 reducing their positions, and 38 closing their positions.
10% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 10
43% less funds holding
Funds holding: 77 → 44 (-33)
61% less capital invested
Capital invested by funds: $218M → $85.7M (-$132M)
87% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 38
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$1.7M |
| 2 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$872K |
| 3 |
GCL
Glazer Capital LLC
New York
|
+$585K |
| 4 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
+$546K |
| 5 |
CCMU
Cheyne Capital Management (UK)
London,
United Kingdom
|
+$501K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TGHSA
TPG Group Holdings (SBS) Advisors
Fort Worth,
Texas
|
-$15M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$12.3M |
| 3 |
SC
Sculptor Capital
New York
|
-$10.7M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$8.24M |
| 5 |
HI
HBK Investments
Dallas,
Texas
|
-$6.99M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QGA
76
Q Global Advisors
Fort Worth,
Texas
| – | -$497K | -50,000 | Closed |
|
|
SCC
77
Spring Creek Capital
Wichita,
Kansas
| – | -$500K | -50,000 | Closed |
|
|
RA
78
Ramius Advisors
New York
| – | -$474K | -47,493 | Closed |
|
|
OAC
79
OMERS Administration Corp
Toronto,
Ontario, Canada
| – | -$398K | -39,800 | Closed |
|
80
Capstone Investment Advisors
New York
| – | -$200K | -20,000 | Closed |
|
|
PCM
81
Prelude Capital Management
New York
| – | -$200K | -20,000 | Closed |
|
|
AA
82
Ancora Advisors
Cleveland,
Ohio
| – | -$50K | -5,000 | Closed |
|
SBII.U Hedge Fund Activity: Q2 2021 in Review
44 of the 5,745 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 Q2 2021, worth a combined $85.7M — down 61% from $218M a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of SBII.U and 5 opened new positions — a net loss of 33 holders — while 10 trimmed existing stakes and 11 added.
The largest buyer was Shaolin Capital Management, adding an estimated $1.7M. The largest seller was TPG Group Holdings (SBS) Advisors, exiting entirely with an estimated $15M sold.
- 44 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 Q2 2021, down from 77 in Q1 2021.
- Funds reported $85.7M of Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant stock for Q2 2021, down 61% quarter-over-quarter.
- 5 funds 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 Q2 2021 and 38 closed out, a net change of -33 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 Q2 2021 was Shaolin Capital Management, an estimated $1.7M 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 Q2 2021 was TPG Group Holdings (SBS) Advisors, an estimated $15M sold.
Based on aggregated 13F filings for Q2 2021.