Tortoise Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common
SHLL.WS
SHLL.WS was delisted on the 1st of October, 2020.
17 hedge funds and large institutions have $49.9M invested in Tortoise Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common in 2020 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 16 closing their positions.
2,665% more capital invested
Capital invested by funds: $1.8M → $49.9M (+$48.1M)
39% less funds holding
Funds holding: 28 → 17 (-11)
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
69% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Beryl Capital Management
Redondo Beach,
California
|
+$812K |
| 2 |
DKCM
Davidson Kempner Capital Management
New York
|
+$444K |
| 3 |
ESCM
Echo Street Capital Management
New York
|
+$441K |
| 4 |
GRIM
Greenhaven Road Investment Management
Greenwich,
Connecticut
|
+$132K |
| 5 |
LA
Linden Advisors
New York
|
+$44.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$1.48M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.18M |
| 3 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$255K |
| 4 |
Alyeska Investment Group
Chicago,
Illinois
|
-$247K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$85.3K |
SHLL.WS Hedge Fund Activity: Q2 2020 in Review
17 of the 4,888 institutional investors tracked by Wall St. Rank reported a position in Tortoise Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common (SHLL.WS) for Q2 2020, worth a combined $49.9M — up 2,665% from $1.8M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of SHLL.WS and 5 opened new positions — a net loss of 11 holders — while 5 trimmed existing stakes and 2 added.
The largest buyer was Beryl Capital Management, opening a new position worth an estimated $812K. The largest seller was Adage Capital Partners, cutting an estimated $1.48M.
- 17 institutional investors held Tortoise Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common (SHLL.WS) as of Q2 2020, down from 28 in Q1 2020.
- Funds reported $49.9M of Tortoise Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common stock for Q2 2020, up 2,665% quarter-over-quarter.
- 5 funds opened new Tortoise Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common positions in Q2 2020 and 16 closed out, a net change of -11 holders.
- The largest Tortoise Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common buyer in Q2 2020 was Beryl Capital Management, an estimated $812K added.
- The largest Tortoise Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common seller in Q2 2020 was Adage Capital Partners, an estimated $1.48M sold.
Based on aggregated 13F filings for Q2 2020.