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.
9 hedge funds and large institutions have $24M invested in Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half in 2020 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 0 increasing their positions, 3 reducing their positions, and 10 closing their positions.
47% less funds holding
Funds holding: 17 → 9 (-8)
58% less capital invested
Capital invested by funds: $57.5M → $24M (-$33.6M)
80% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 10
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
+$2.54M |
| 2 |
Mariner
Overland Park,
Kansas
|
+$361K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$22.7M |
| 2 |
DKCM
Davidson Kempner Capital Management
New York
|
-$9.7M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$3.23M |
| 4 |
MAM
Myriad Asset Management
North Point,
Hong Kong
|
-$2.96M |
| 5 |
AGC
Angelo Gordon & Co
New York
|
-$2.91M |
SHLL.U Hedge Fund Activity: Q2 2020 in Review
9 of the 4,878 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 2020, worth a combined $24M — down 58% from $57.5M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of SHLL.U and 2 opened new positions — a net loss of 8 holders — while 3 trimmed existing stakes and 0 added.
The largest buyer was Cowen and Company, opening a new position worth an estimated $2.54M. The largest seller was Polar Asset Management Partners, exiting entirely with an estimated $22.7M sold.
- 9 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 2020, down from 17 in Q1 2020.
- Funds reported $24M of Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half stock for Q2 2020, down 58% quarter-over-quarter.
- 2 funds opened new Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half positions in Q2 2020 and 10 closed out, a net change of -8 holders.
- The largest Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half buyer in Q2 2020 was Cowen and Company, an estimated $2.54M added.
- The largest Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half seller in Q2 2020 was Polar Asset Management Partners, an estimated $22.7M sold.
Based on aggregated 13F filings for Q2 2020.