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.
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.
32% less funds holding
Funds holding: 44 → 30 (-14)
36% less capital invested
Capital invested by funds: $101M → $64.9M (-$35.8M)
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AR
Advisory Research
Chicago,
Illinois
|
+$215K |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.32K |
| 3 |
Jane Street
New York
|
+$721 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$10M |
| 2 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$7.01M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$6.85M |
| 4 |
GCL
Glazer Capital LLC
New York
|
-$4.01M |
| 5 |
CCM
CAAS Capital Management
New York
|
-$1.56M |
SBII.U Hedge Fund Activity: Q3 2021 in Review
30 of the 5,728 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 36% from $101M 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 36% 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.