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 $266M 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, 10 increasing their positions, 6 reducing their positions, and 5 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 6
2% more capital invested
Capital invested by funds: $262M → $266M (+$4.03M)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
4% less funds holding
Funds holding: 49 → 47 (-2)
9.23% less ownership
Funds ownership: 98.89% → 89.66% (-9.2%)
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 |
SCM
Saba Capital Management
New York
|
+$3.9M |
| 4 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$1.26M |
| 5 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$494K |
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 |
SIER Hedge Fund Activity: Q2 2022 in Review
47 of the 5,959 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 $266M — up 1.5% from $262M 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 10 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 $266M of Sierra Lake Acquisition Corp. Class A Common Stock stock for Q2 2022, up 1.5% 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.