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SMMCU

South Mountain Merger Corp. Unit
SMMCU

Delisted

SMMCU was delisted on the 12th of January, 2021.

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33 hedge funds and large institutions have $156M invested in South Mountain Merger Corp. Unit in 2019 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 10 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

28% less funds holding

Funds holding: 46 → 33 (-13)

29% less capital invested

Capital invested by funds: $220M → $156M (-$64M)

33% less funds holding in top 10

Funds holding in top 10: 3 → 2 (-1)

60% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 10

86% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 14

Holders
33
Holders Change
-13
Holders Change %
-28.26%
% of All Funds
0.72%
Holding in Top 10
2
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-33.33%
% of All Funds
0.04%
New
2
Increased
4
Reduced
10
Closed
14
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LIM
Longfellow Investment Management
Massachusetts
+$2.29M
2
Citigroup
Citigroup
New York
+$1.07M
3
WAM
Wolverine Asset Management
Illinois
+$448K
4
Walleye Trading
Walleye Trading
New York
+$266K
5
Rockefeller Capital Management
Rockefeller Capital Management
New York
+$101K

Top Sellers

Rank Fund Capital Flow
1
AA
AQR Arbitrage
Connecticut
-$15M
2
ACPU
Arrowgrass Capital Partners (US)
Delaware
-$10M
3
ESCM
Echo Street Capital Management
New York
-$7.5M
4
HIM
HGC Investment Management
Ontario, Canada
-$6.3M
5
MCM
Moore Capital Management
New York
-$5M
Name Holding Trade Value Shares
Change 		Change in
Stake
GCL
26
Glazer Capital LLC
New York
$389K -$2.66M -263,121 -88%
BGDI
27
BW Gestao de Investimentos
Brazil
$309K – – –
Walleye Trading
28
Walleye Trading
New York
$276K +$266K +26,290 New
LA
29
Linden Advisors
New York
$177K -$1.04M -102,885 -86%
MIM
30
Monashee Investment Management
Massachusetts
$106K -$1.26M -125,001 -50%
Rockefeller Capital Management
31
Rockefeller Capital Management
New York
$105K +$101K +10,000 New
FIA
32
FNY Investment Advisers
New York
$6K -$4.96K -490 -44%
RCM
33
Rivernorth Capital Management
Florida
$2.25K – – –
AA
34
AQR Arbitrage
Connecticut
– -$15M -1,500,000 Closed
ACPU
35
Arrowgrass Capital Partners (US)
Delaware
– -$10M -1,000,000 Closed
ESCM
36
Echo Street Capital Management
New York
– -$7.5M -750,000 Closed
HIM
37
HGC Investment Management
Ontario, Canada
– -$6.3M -630,000 Closed
MCM
38
Moore Capital Management
New York
– -$5M -500,000 Closed
AIMCA
39
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
– -$4.25M -425,000 Closed
KC
40
Kepos Capital
New York
– -$2.5M -250,000 Closed
PAM
41
Panagora Asset Management
Massachusetts
– -$2.08M -207,787 Closed
TCM
42
Tenor Capital Management
New York
– -$2M -200,000 Closed
DAM
43
Deltec Asset Management
New York
– -$1M -100,000 Closed
WAM
44
Weiss Asset Management
Massachusetts
– -$1M -100,000 Closed
Stifel Financial
45
Stifel Financial
Missouri
– -$500K -50,000 Closed
UBS Group
46
UBS Group
Switzerland
– -$30K -3,021 Closed
Macquarie Group
47
Macquarie Group
Australia
– -$6K -599 Closed
1
2

SMMCU Hedge Fund Activity: Q3 2019 in Review

33 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in South Mountain Merger Corp. Unit (SMMCU) for Q3 2019, worth a combined $156M — down 29% from $220M a quarter earlier.

Sellers outnumbered buyers: 14 funds closed out of SMMCU and 2 opened new positions — a net loss of 12 holders — while 10 trimmed existing stakes and 4 added.

The largest buyer was Longfellow Investment Management, adding an estimated $2.29M. The largest seller was AQR Arbitrage, exiting entirely with an estimated $15M sold.

  • 33 institutional investors held South Mountain Merger Corp. Unit (SMMCU) as of Q3 2019, down from 46 in Q2 2019.
  • Funds reported $156M of South Mountain Merger Corp. Unit stock for Q3 2019, down 29% quarter-over-quarter.
  • 2 funds opened new South Mountain Merger Corp. Unit positions in Q3 2019 and 14 closed out, a net change of -12 holders.
  • The largest South Mountain Merger Corp. Unit buyer in Q3 2019 was Longfellow Investment Management, an estimated $2.29M added.
  • The largest South Mountain Merger Corp. Unit seller in Q3 2019 was AQR Arbitrage, an estimated $15M sold.

Based on aggregated 13F filings for Q3 2019.