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.
17 hedge funds and large institutions have $57.5M invested in Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half in 2020 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 5 reducing their positions, and 5 closing their positions.
18% less capital invested
Capital invested by funds: $70.4M → $57.5M (-$12.9M)
20% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 5
23% less funds holding
Funds holding: 22 → 17 (-5)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$18.2M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.01M |
| 3 |
Walleye Capital
New York
|
+$44.2K |
| 4 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
+$8.11K |
| 5 |
JP Morgan Chase
New York
|
+$10 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DBC
Deep Basin Capital
Stamford,
Connecticut
|
-$15.5M |
| 2 |
CIM
Cowen Investment Management
New York
|
-$3.05M |
| 3 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$2.54M |
| 4 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
-$2.54M |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.03M |
SHLL.U Hedge Fund Activity: Q1 2020 in Review
17 of the 4,547 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 Q1 2020, worth a combined $57.5M — down 18% from $70.4M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SHLL.U and 1 opened new positions — a net loss of 4 holders — while 5 trimmed existing stakes and 4 added.
The largest buyer was Polar Asset Management Partners, adding an estimated $18.2M. The largest seller was Deep Basin Capital, exiting entirely with an estimated $15.5M sold.
- 17 institutional investors held Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half (SHLL.U) as of Q1 2020, down from 22 in Q4 2019.
- Funds reported $57.5M of Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half stock for Q1 2020, down 18% 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 Q1 2020 and 5 closed out, a net change of -4 holders.
- The largest Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half buyer in Q1 2020 was Polar Asset Management Partners, an estimated $18.2M added.
- The largest Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half seller in Q1 2020 was Deep Basin Capital, an estimated $15.5M sold.
Based on aggregated 13F filings for Q1 2020.