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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
BCM
1
BlueCrest Capital Management
Jersey
$23.4M – – –
MF
2
Magnetar Financial
Illinois
$23.4M – – –
Wellington Management Group
3
Wellington Management Group
Massachusetts
$12.4M – – –
Brown Advisory
4
Brown Advisory
Maryland
$11.5M -$544K -53,749 -5%
PAMP
5
Polar Asset Management Partners
Ontario, Canada
$10.5M – – –
BCM
6
Basso Capital Management
Connecticut
$7.12M -$3.07M -303,717 -30%
HI
7
HBK Investments
Texas
$6.83M – – –
Marshall Wace
8
Marshall Wace
United Kingdom
$6.83M – – –
LIM
9
Longfellow Investment Management
Massachusetts
$6.58M +$2.29M +226,264 +57%
MP
10
Mangrove Partners
Connecticut
$5.25M – – –
SSA
11
Schonfeld Strategic Advisors
New York
$5.25M – – –
TCM
12
TimesSquare Capital Management
New York
$5.25M – – –
WAM
13
Wolverine Asset Management
Illinois
$4.4M +$448K +44,334 +12%
SCM
14
Shaolin Capital Management
Florida
$4.18M -$18.5K -1,826 -0.5%
Citigroup
15
Citigroup
New York
$3.47M +$1.07M +105,600 +47%
Hudson Bay Capital Management
16
Hudson Bay Capital Management
Connecticut
$2.63M – – –
PC
17
Periscope Capital
Ontario, Canada
$2.59M -$1.6M -158,600 -39%
BFM
18
Boothbay Fund Management
New York
$2.17M -$191K -18,851 -8%
Millennium Management
19
Millennium Management
New York
$2.1M +$1.01K +100 +0.1%
OAC
20
OMERS Administration Corp
Ontario, Canada
$2.1M – – –
CC
21
Centiva Capital
New York
$2M -$101K -10,000 -5%
MAM
22
Myriad Asset Management
Hong Kong
$1.57M – – –
VOAM
23
Vertex One Asset Management
British Columbia, Canada
$1.57M – – –
MTCM
24
Mint Tower Capital Management
Netherlands
$1.05M – – –
Walleye Capital
25
Walleye Capital
New York
$525K – – –
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.