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SHLL.U

Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half
SHLL.U

Delisted

SHLL.U was delisted on the 1st of October, 2020.

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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
26
Holders Change
-16
Holders Change %
-38.1%
% of All Funds
0.56%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
–
Increased
1
Reduced
8
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BCM
Basso Capital Management
Connecticut
+$900K

Top Sellers

Rank Fund Capital Flow
1
AA
AQR Arbitrage
Connecticut
-$20.8M
2
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$20.2M
3
HCM
Highbridge Capital Management
New York
-$16.7M
4
LA
Linden Advisors
New York
-$9.99M
5
MF
Magnetar Financial
Illinois
-$9.99M
Name Holding Trade Value Shares
Change 		Change in
Stake
DBC
1
Deep Basin Capital
Connecticut
$15.1M – – –
PAMP
2
Polar Asset Management Partners
Ontario, Canada
$11M – – –
Alyeska Investment Group
3
Alyeska Investment Group
Illinois
$10M – – –
DKCM
4
Davidson Kempner Capital Management
New York
$10M – – –
BCM
5
Basso Capital Management
Connecticut
$7.91M +$900K +89,666 +13%
BCM
6
BlueCrest Capital Management
Jersey
$5.01M – – –
HHAM
7
HITE Hedge Asset Management
Massachusetts
$5.01M – – –
Marshall Wace
8
Marshall Wace
United Kingdom
$5.01M – – –
MAM
9
Myriad Asset Management
Hong Kong
$3.53M – – –
CI
10
Cowen Inc
New York
$3.3M -$1.45M -144,018 -30%
PC
11
Periscope Capital
Ontario, Canada
$3.29M -$506K -50,400 -13%
AGC
12
Angelo Gordon & Co
New York
$3.01M – – –
SCM
13
Shaolin Capital Management
Florida
$2.76M – – –
GCL
14
Glazer Capital LLC
New York
$2.33M -$215K -21,400 -8%
OAC
15
OMERS Administration Corp
Ontario, Canada
$2.3M – – –
VOAM
16
Vertex One Asset Management
British Columbia, Canada
$2.02M – – –
Millennium Management
17
Millennium Management
New York
$2M – – –
Deutsche Bank
18
Deutsche Bank
Germany
$2M – – –
Walleye Trading
19
Walleye Trading
New York
$1.23M -$104K -10,317 -8%
Walleye Capital
20
Walleye Capital
New York
$1.14M -$1.87M -186,000 -62%
Hudson Bay Capital Management
21
Hudson Bay Capital Management
Connecticut
$1M – – –
UBS Group
22
UBS Group
Switzerland
$788K -$30.1K -2,999 -4%
WAM
23
Wolverine Asset Management
Illinois
$539K -$1.51M -150,000 -74%
CCA
24
Castle Creek Arbitrage
Colorado
$501K – – –
UR
25
USCA RIA
Texas
$194K -$132K -13,200 -41%
1
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SHLL.U Hedge Fund Activity: Q2 2019 in Review

26 of the 4,605 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.