Sierra Lake Acquisition Corp. Class A Common Stock
SIER
SIER was delisted on the 16th of December, 2022.
47 hedge funds and large institutions have $269M invested in Sierra Lake Acquisition Corp. Class A Common Stock in 2022 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 6 reducing their positions, and 5 closing their positions.
83% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 6
3% more capital invested
Capital invested by funds: $261M → $269M (+$8.17M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 49 → 47 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$13.8M |
| 2 |
MMA
Mizuho Markets Americas
New York
|
+$8.89M |
| 3 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
+$5.93M |
| 4 |
SCM
Saba Capital Management
New York
|
+$3.9M |
| 5 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$1.26M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CF
Cantor Fitzgerald
New York
|
-$21.1M |
| 2 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
-$14.5M |
| 3 |
BCM
Beryl Capital Management
Redondo Beach,
California
|
-$13.7M |
| 4 |
D.E. Shaw & Co
New York
|
-$5.9M |
| 5 |
ACM
Atalaya Capital Management
New York
|
-$494K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AA
51
Ancora Advisors
Cleveland,
Ohio
| – | -$4K | -401 | Closed |
|
52
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1K | -100 | Closed |
|
SIER Hedge Fund Activity: Q2 2022 in Review
47 of the 5,937 institutional investors tracked by Wall St. Rank reported a position in Sierra Lake Acquisition Corp. Class A Common Stock (SIER) for Q2 2022, worth a combined $269M — up 3.1% from $261M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SIER and 3 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 11 added.
The largest buyer was Cubist Systematic Strategies, opening a new position worth an estimated $13.8M. The largest seller was Cantor Fitzgerald, cutting an estimated $21.1M.
- 47 institutional investors held Sierra Lake Acquisition Corp. Class A Common Stock (SIER) as of Q2 2022, down from 49 in Q1 2022.
- Funds reported $269M of Sierra Lake Acquisition Corp. Class A Common Stock stock for Q2 2022, up 3.1% quarter-over-quarter.
- 3 funds opened new Sierra Lake Acquisition Corp. Class A Common Stock positions in Q2 2022 and 5 closed out, a net change of -2 holders.
- The largest Sierra Lake Acquisition Corp. Class A Common Stock buyer in Q2 2022 was Cubist Systematic Strategies, an estimated $13.8M added.
- The largest Sierra Lake Acquisition Corp. Class A Common Stock seller in Q2 2022 was Cantor Fitzgerald, an estimated $21.1M sold.
Based on aggregated 13F filings for Q2 2022.