Sierra Lake Acquisition Corp. Unit
SIERU
SIERU was delisted on the 7th of December, 2022.
18 hedge funds and large institutions have $92.1M invested in Sierra Lake Acquisition Corp. Unit in 2021 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 9 reducing their positions, and 24 closing their positions.
56% less funds holding
Funds holding: 41 → 18 (-23)
67% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 9
67% less capital invested
Capital invested by funds: $277M → $92.1M (-$185M)
96% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 24
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$757K |
| 2 |
Morgan Stanley
New York
|
+$391K |
| 3 |
Millennium Management
New York
|
+$26K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$6.15K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$29.6M |
| 2 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$27.9M |
| 3 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$14.6M |
| 4 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
-$14.6M |
| 5 |
OCAM
Owl Creek Asset Management
New York
|
-$14.6M |
SIERU Hedge Fund Activity: Q4 2021 in Review
18 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in Sierra Lake Acquisition Corp. Unit (SIERU) for Q4 2021, worth a combined $92.1M — down 67% from $277M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of SIERU and 1 opened new positions — a net loss of 23 holders — while 9 trimmed existing stakes and 3 added.
The largest buyer was Royal Bank of Canada, opening a new position worth an estimated $757K. The largest seller was Polar Asset Management Partners, exiting entirely with an estimated $29.6M sold.
- 18 institutional investors held Sierra Lake Acquisition Corp. Unit (SIERU) as of Q4 2021, down from 41 in Q3 2021.
- Funds reported $92.1M of Sierra Lake Acquisition Corp. Unit stock for Q4 2021, down 67% quarter-over-quarter.
- 1 fund opened new Sierra Lake Acquisition Corp. Unit positions in Q4 2021 and 24 closed out, a net change of -23 holders.
- The largest Sierra Lake Acquisition Corp. Unit buyer in Q4 2021 was Royal Bank of Canada, an estimated $757K added.
- The largest Sierra Lake Acquisition Corp. Unit seller in Q4 2021 was Polar Asset Management Partners, an estimated $29.6M sold.
Based on aggregated 13F filings for Q4 2021.