South Mountain Merger Corp. Unit
SMMCU
SMMCU was delisted on the 12th of January, 2021.
17 hedge funds and large institutions have $90.7M invested in South Mountain Merger Corp. Unit in 2020 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 7 reducing their positions, and 13 closing their positions.
22% less capital invested
Capital invested by funds: $116M → $90.7M (-$25M)
39% less funds holding
Funds holding: 28 → 17 (-11)
85% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 13
86% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MTCM
Mint Tower Capital Management
Amsterdam,
Netherlands
|
+$1.1M |
| 2 |
Citigroup
New York
|
+$115K |
| 3 |
Walleye Trading
New York
|
+$33K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$6.89M |
| 2 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$5.3M |
| 3 |
SSA
Schonfeld Strategic Advisors
New York
|
-$5.3M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$2.61M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PAM
26
Panagora Asset Management
Boston,
Massachusetts
| – | -$7K | -704 | Closed |
|
27
UBS Group
Zurich,
Switzerland
| – | -$6K | -545 | Closed |
|
28
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$2K | -156 | Closed |
|
SMMCU Hedge Fund Activity: Q3 2020 in Review
17 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in South Mountain Merger Corp. Unit (SMMCU) for Q3 2020, worth a combined $90.7M — down 22% from $116M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of SMMCU and 2 opened new positions — a net loss of 11 holders — while 7 trimmed existing stakes and 1 added.
The largest buyer was Mint Tower Capital Management, opening a new position worth an estimated $1.1M. The largest seller was Marshall Wace, exiting entirely with an estimated $6.89M sold.
- 17 institutional investors held South Mountain Merger Corp. Unit (SMMCU) as of Q3 2020, down from 28 in Q2 2020.
- Funds reported $90.7M of South Mountain Merger Corp. Unit stock for Q3 2020, down 22% quarter-over-quarter.
- 2 funds opened new South Mountain Merger Corp. Unit positions in Q3 2020 and 13 closed out, a net change of -11 holders.
- The largest South Mountain Merger Corp. Unit buyer in Q3 2020 was Mint Tower Capital Management, an estimated $1.1M added.
- The largest South Mountain Merger Corp. Unit seller in Q3 2020 was Marshall Wace, an estimated $6.89M sold.
Based on aggregated 13F filings for Q3 2020.