South Mountain Merger Corp. Unit
SMMCU
SMMCU was delisted on the 12th of January, 2021.
26 hedge funds and large institutions have $111M invested in South Mountain Merger Corp. Unit in 2020 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 9 closing their positions.
19% less funds holding
Funds holding: 32 → 26 (-6)
27% less capital invested
Capital invested by funds: $151M → $111M (-$40.2M)
56% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 9
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$5.2M |
| 2 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$1.44M |
| 3 |
Walleye Trading
New York
|
+$47.9K |
| 4 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$47.8K |
| 5 |
PAM
Panagora Asset Management
Boston,
Massachusetts
|
+$7.32K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$10.4M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$10.3M |
| 3 |
TCM
TimesSquare Capital Management
New York
|
-$4.91M |
| 4 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$4.11M |
| 5 |
Citigroup
New York
|
-$3.41M |
SMMCU Hedge Fund Activity: Q1 2020 in Review
26 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in South Mountain Merger Corp. Unit (SMMCU) for Q1 2020, worth a combined $111M — down 27% from $151M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of SMMCU and 4 opened new positions — a net loss of 5 holders — while 7 trimmed existing stakes and 3 added.
The largest buyer was Credit Suisse, opening a new position worth an estimated $5.2M. The largest seller was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, exiting entirely with an estimated $10.4M sold.
- 26 institutional investors held South Mountain Merger Corp. Unit (SMMCU) as of Q1 2020, down from 32 in Q4 2019.
- Funds reported $111M of South Mountain Merger Corp. Unit stock for Q1 2020, down 27% quarter-over-quarter.
- 4 funds opened new South Mountain Merger Corp. Unit positions in Q1 2020 and 9 closed out, a net change of -5 holders.
- The largest South Mountain Merger Corp. Unit buyer in Q1 2020 was Credit Suisse, an estimated $5.2M added.
- The largest South Mountain Merger Corp. Unit seller in Q1 2020 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $10.4M sold.
Based on aggregated 13F filings for Q1 2020.