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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
Allianz Asset Management
1
Allianz Asset Management
Germany
$20M – – –
MF
2
Magnetar Financial
Illinois
$14.9M -$150K -15,004 -1%
Millennium Management
3
Millennium Management
New York
$8.14M – – –
SCM
4
Shaolin Capital Management
Florida
$6.88M -$31K -3,100 -0.4%
SRF
5
Silver Rock Financial
California
$3.09M – – –
Jane Street
6
Jane Street
New York
$1.98M +$721 +72 +0%
CL
7
CSS LLC
Illinois
$1.12M – – –
WC
8
Wealthspring Capital
New York
$1.07M -$151K -15,130 -12%
AGC
9
Angelo Gordon & Co
New York
$991K – – –
LOAMU
10
Lombard Odier Asset Management (USA)
New York
$991K – – –
HF
11
HRT Financial
New York
$755K – – –
Calamos Advisors
12
Calamos Advisors
Illinois
$749K – – –
SMA
13
Sage Mountain Advisors
Georgia
$711K – – –
CCA
14
Castle Creek Arbitrage
Colorado
$694K – – –
Citigroup
15
Citigroup
New York
$500K – – –
COPPSERS
16
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$500K – – –
YCM
17
Yakira Capital Management
Connecticut
$500K – – –
CCMU
18
Cheyne Capital Management (UK)
United Kingdom
$430K -$69.6K -6,956 -14%
EAM
19
Exos Asset Management
New York
$246K -$1.9K -190 -0.7%
AR
20
Advisory Research
Illinois
$213K +$215K +21,488 New
Susquehanna International Group
21
Susquehanna International Group
Pennsylvania
$192K – – –
BFM
22
Boothbay Fund Management
New York
$143K – – –
LCM
23
Landscape Capital Management
New Jersey
$108K – – –
WAM
24
Wolverine Asset Management
Illinois
$28K -$150K -14,949 -84%
GCL
25
Glazer Capital LLC
New York
$11K -$4.01M -400,805 -100%
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.