South Mountain Merger Corp. Unit
SMMCU
SMMCU was delisted on the 12th of January, 2021.
33 hedge funds and large institutions have $158M 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.
28% less funds holding
Funds holding: 46 → 33 (-13)
29% less capital invested
Capital invested by funds: $222M → $158M (-$63.9M)
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$2.29M |
| 2 |
Citigroup
New York
|
+$1.07M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$448K |
| 4 |
Walleye Trading
New York
|
+$266K |
| 5 |
Rockefeller Capital Management
New York
|
+$101K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$15M |
| 2 |
ACPU
Arrowgrass Capital Partners (US)
Dover,
Delaware
|
-$10M |
| 3 |
ESCM
Echo Street Capital Management
New York
|
-$7.5M |
| 4 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$6.3M |
| 5 |
MCM
Moore Capital Management
New York
|
-$5M |
SMMCU Hedge Fund Activity: Q3 2019 in Review
33 of the 4,574 institutional investors tracked by Wall St. Rank reported a position in South Mountain Merger Corp. Unit (SMMCU) for Q3 2019, worth a combined $158M — down 29% from $222M 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 $158M 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.