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.
26 hedge funds and large institutions have $101M invested in Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half in 2019 Q2 according to their latest regulatory filings, with 0 funds opening new positions, 1 increasing their positions, 8 reducing their positions, and 16 closing their positions.
38% less funds holding
Funds holding: 42 → 26 (-16)
53% less capital invested
Capital invested by funds: $213M → $101M (-$112M)
88% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 8
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
+$900K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$20.8M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$20.2M |
| 3 |
HCM
Highbridge Capital Management
New York
|
-$16.7M |
| 4 |
LA
Linden Advisors
New York
|
-$9.99M |
| 5 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$9.99M |
SHLL.U Hedge Fund Activity: Q2 2019 in Review
26 of the 4,625 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 Q2 2019, worth a combined $101M — down 53% from $213M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of SHLL.U and 0 opened new positions — a net loss of 16 holders — while 8 trimmed existing stakes and 1 added.
The largest buyer was Basso Capital Management, adding an estimated $900K. The largest seller was AQR Arbitrage, exiting entirely with an estimated $20.8M sold.
- 26 institutional investors held Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half (SHLL.U) as of Q2 2019, down from 42 in Q1 2019.
- Funds reported $101M of Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half stock for Q2 2019, down 53% quarter-over-quarter.
- 0 funds opened new Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half positions in Q2 2019 and 16 closed out, a net change of -16 holders.
- The largest Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half buyer in Q2 2019 was Basso Capital Management, an estimated $900K added.
- The largest Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half seller in Q2 2019 was AQR Arbitrage, an estimated $20.8M sold.
Based on aggregated 13F filings for Q2 2019.