Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half
SHLL.U
SHLL.U was delisted on the 1st of October, 2020.
24 hedge funds and large institutions have $92.3M invested in Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half in 2019 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 4 reducing their positions, and 2 closing their positions.
8% less funds holding
Funds holding: 26 → 24 (-2)
9% less capital invested
Capital invested by funds: $101M → $92.3M (-$8.87M)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
75% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
+$75.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$6.04M |
| 2 |
GCL
Glazer Capital LLC
New York
|
-$2.33M |
| 3 |
Walleye Capital
New York
|
-$352K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$184K |
| 5 |
Mariner
Overland Park,
Kansas
|
-$130K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
Mariner
Overland Park,
Kansas
| – | -$130K | -13,013 | Closed |
|
SHLL.U Hedge Fund Activity: Q3 2019 in Review
24 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half (SHLL.U) for Q3 2019, worth a combined $92.3M — down 8.8% from $101M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of SHLL.U and 1 opened new positions — a net loss of 1 holder — while 4 trimmed existing stakes and 1 added.
The largest buyer was Basso Capital Management, adding an estimated $75.4K. The largest seller was Polar Asset Management Partners, cutting an estimated $6.04M.
- 24 institutional investors held Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half (SHLL.U) as of Q3 2019, down from 26 in Q2 2019.
- Funds reported $92.3M of Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half stock for Q3 2019, down 8.8% quarter-over-quarter.
- 1 fund opened new Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half positions in Q3 2019 and 2 closed out, a net change of -1 holder.
- The largest Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half buyer in Q3 2019 was Basso Capital Management, an estimated $75.4K added.
- The largest Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half seller in Q3 2019 was Polar Asset Management Partners, an estimated $6.04M sold.
Based on aggregated 13F filings for Q3 2019.