South Mountain Merger Corp. Unit
SMMCU
SMMCU was delisted on the 12th of January, 2021.
32 hedge funds and large institutions have $151M invested in South Mountain Merger Corp. Unit in 2019 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 8 reducing their positions, and 4 closing their positions.
3% less capital invested
Capital invested by funds: $156M → $151M (-$4.55M)
3% less funds holding
Funds holding: 33 → 32 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
88% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 8
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
+$288K |
| 2 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$122K |
| 3 |
Walleye Trading
New York
|
+$46.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HI
HBK Investments
Dallas,
Texas
|
-$6.83M |
| 2 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$5.25M |
| 3 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$3.11M |
| 4 |
TCM
TimesSquare Capital Management
New York
|
-$288K |
| 5 |
LA
Linden Advisors
New York
|
-$177K |
SMMCU Hedge Fund Activity: Q4 2019 in Review
32 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in South Mountain Merger Corp. Unit (SMMCU) for Q4 2019, worth a combined $151M — down 2.9% from $156M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of SMMCU and 3 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 1 added.
The largest buyer was Cowen and Company, opening a new position worth an estimated $288K. The largest seller was HBK Investments, exiting entirely with an estimated $6.83M sold.
- 32 institutional investors held South Mountain Merger Corp. Unit (SMMCU) as of Q4 2019, down from 33 in Q3 2019.
- Funds reported $151M of South Mountain Merger Corp. Unit stock for Q4 2019, down 2.9% quarter-over-quarter.
- 3 funds opened new South Mountain Merger Corp. Unit positions in Q4 2019 and 4 closed out, a net change of -1 holder.
- The largest South Mountain Merger Corp. Unit buyer in Q4 2019 was Cowen and Company, an estimated $288K added.
- The largest South Mountain Merger Corp. Unit seller in Q4 2019 was HBK Investments, an estimated $6.83M sold.
Based on aggregated 13F filings for Q4 2019.