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.
2 hedge funds and large institutions have $13.2M invested in Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half in 2020 Q3 according to their latest regulatory filings, with 1 funds opening new positions, increasing their positions, 1 reducing their positions, and 8 closing their positions.
45% less capital invested
Capital invested by funds: $24M → $13.2M (-$10.8M)
78% less funds holding
Funds holding: 9 → 2 (-7)
88% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 8
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HP
Hartree Partners
New York
|
+$23.9M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
-$7.2M |
| 2 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
-$5.52M |
| 3 |
CAC
Cowen and Company
New York
|
-$5.09M |
| 4 |
Millennium Management
New York
|
-$2.24M |
| 5 |
Mariner
Overland Park,
Kansas
|
-$704K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HHAM
1
HITE Hedge Asset Management
Braintree,
Massachusetts
| $7.16M | -$5.52M | -138,781 | -56% |
|
|
HP
2
Hartree Partners
New York
| $6M | +$23.9M | +600,000 | New |
|
|
OAC
3
OMERS Administration Corp
Toronto,
Ontario, Canada
| – | -$7.2M | -225,000 | Closed |
|
|
CAC
4
Cowen and Company
New York
| – | -$5.09M | -155,000 | Closed |
|
|
5
Millennium Management
New York
| – | -$2.24M | -70,000 | Closed |
|
|
6
Mariner
Overland Park,
Kansas
| – | -$704K | -22,013 | Closed |
|
|
UR
7
USCA RIA
Houston,
Texas
| – | -$620K | -19,385 | Closed |
|
|
WAM
8
Wolverine Asset Management
Chicago,
Illinois
| – | -$122K | -3,824 | Closed |
|
9
UBS Group
Zurich,
Switzerland
| – | -$2K | -53 | Closed |
|
SHLL.U Hedge Fund Activity: Q3 2020 in Review
2 of the 4,957 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 2020, worth a combined $13.2M — down 45% from $24M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SHLL.U and 1 opened new positions — a net loss of 7 holders — while 1 trimmed existing stakes and 0 added.
The largest buyer was Hartree Partners, opening a new position worth an estimated $23.9M. The largest seller was OMERS Administration Corp, exiting entirely with an estimated $7.2M sold.
- 2 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 2020, down from 9 in Q2 2020.
- Funds reported $13.2M of Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half stock for Q3 2020, down 45% 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 2020 and 8 closed out, a net change of -7 holders.
- The largest Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half buyer in Q3 2020 was Hartree Partners, an estimated $23.9M added.
- The largest Tortoise Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half seller in Q3 2020 was OMERS Administration Corp, an estimated $7.2M sold.
Based on aggregated 13F filings for Q3 2020.