South Mountain Merger Corp. Unit
SMMCU
SMMCU was delisted on the 12th of January, 2021.
28 hedge funds and large institutions have $116M invested in South Mountain Merger Corp. Unit in 2020 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 2 closing their positions.
100% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 2
8% more funds holding
Funds holding: 26 → 28 (+2)
4% more capital invested
Capital invested by funds: $111M → $116M (+$4.42M)
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Brown Advisory
Baltimore,
Maryland
|
+$679K |
| 2 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$515K |
| 3 |
Rockefeller Capital Management
New York
|
+$206K |
| 4 |
VCM
Vivaldi Capital Management
Chicago,
Illinois
|
+$206K |
| 5 |
Walleye Trading
New York
|
+$6.98K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.81M |
| 2 |
MTCM
Mint Tower Capital Management
Amsterdam,
Netherlands
|
-$995K |
| 3 |
MAM
Myriad Asset Management
North Point,
Hong Kong
|
-$502K |
| 4 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
-$92K |
| 5 |
BFM
Boothbay Fund Management
New York
|
-$84.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Royal Bank of Canada
Toronto,
Ontario, Canada
| $2K | +$1.61K | +156 | New |
|
|
MTCM
27
Mint Tower Capital Management
Amsterdam,
Netherlands
| – | -$995K | -100,000 | Closed |
|
|
MAM
28
Myriad Asset Management
North Point,
Hong Kong
| – | -$502K | -50,000 | Closed |
|
|
FIA
29
FNY Investment Advisers
New York
| – | -$2.91K | -283 | -94% |
|
|
BCM
30
Basso Capital Management
Stamford,
Connecticut
| – | +$10 | +1 | New |
|
SMMCU Hedge Fund Activity: Q2 2020 in Review
28 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in South Mountain Merger Corp. Unit (SMMCU) for Q2 2020, worth a combined $116M — up 4% from $111M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new SMMCU positions and 2 closed out — a net gain of 2 holders — while 4 added to existing stakes and 7 trimmed.
The largest buyer was Brown Advisory, adding an estimated $679K. The largest seller was Wolverine Asset Management, cutting an estimated $1.81M.
- 28 institutional investors held South Mountain Merger Corp. Unit (SMMCU) as of Q2 2020, up from 26 in Q1 2020.
- Funds reported $116M of South Mountain Merger Corp. Unit stock for Q2 2020, up 4% quarter-over-quarter.
- 4 funds opened new South Mountain Merger Corp. Unit positions in Q2 2020 and 2 closed out, a net change of +2 holders.
- The largest South Mountain Merger Corp. Unit buyer in Q2 2020 was Brown Advisory, an estimated $679K added.
- The largest South Mountain Merger Corp. Unit seller in Q2 2020 was Wolverine Asset Management, an estimated $1.81M sold.
Based on aggregated 13F filings for Q2 2020.