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.
23 hedge funds and large institutions have $27.6M invested in Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant in 2022 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 3 closing their positions.
4% less funds holding
Funds holding: 24 → 23 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
43% less capital invested
Capital invested by funds: $48.5M → $27.6M (-$20.9M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$492K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$59.2K |
| 3 |
GCL
Glazer Capital LLC
New York
|
+$10.1K |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$9.21K |
| 5 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$7.94K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Allianz Asset Management
Munich,
Germany
|
-$19.9M |
| 2 |
Citigroup
New York
|
-$498K |
| 3 |
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
|
-$498K |
| 4 |
CCMU
Cheyne Capital Management (UK)
London,
United Kingdom
|
-$429K |
| 5 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$257K |
SBII.U Hedge Fund Activity: Q1 2022 in Review
23 of the 6,360 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 Q1 2022, worth a combined $27.6M — down 43% from $48.5M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of SBII.U and 2 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 4 added.
The largest buyer was Longfellow Investment Management, adding an estimated $492K. The largest seller was Allianz Asset Management, cutting an estimated $19.9M.
- 23 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 Q1 2022, down from 24 in Q4 2021.
- Funds reported $27.6M of Sandbridge X2 Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant stock for Q1 2022, down 43% quarter-over-quarter.
- 2 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 Q1 2022 and 3 closed out, a net change of -1 holder.
- 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 Q1 2022 was Longfellow Investment Management, an estimated $492K 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 Q1 2022 was Allianz Asset Management, an estimated $19.9M sold.
Based on aggregated 13F filings for Q1 2022.