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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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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
17
Holders Change
-11
Holders Change %
-39.29%
% of All Funds
0.34%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
1
Reduced
7
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MTCM
Mint Tower Capital Management
Netherlands
+$1.1M
2
Citigroup
Citigroup
New York
+$115K
3
Walleye Trading
Walleye Trading
New York
+$33K

Top Sellers

Rank Fund Capital Flow
1
Marshall Wace
Marshall Wace
United Kingdom
-$6.89M
2
CS
Credit Suisse
Switzerland
-$5.3M
3
SSA
Schonfeld Strategic Advisors
New York
-$5.3M
4
PC
Periscope Capital
Ontario, Canada
-$2.61M
5
RCM
Rivernorth Capital Management
Florida
-$2.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCM
1
BlueCrest Capital Management
Jersey
$24.5M – – –
MF
2
Magnetar Financial
Illinois
$24.5M – – –
Brown Advisory
3
Brown Advisory
Maryland
$12.6M -$66.4K -6,046 -0.5%
Wellington Management Group
4
Wellington Management Group
Massachusetts
$11.8M -$1.16M -105,401 -9%
LIM
5
Longfellow Investment Management
Massachusetts
$6.16M -$595K -54,147 -9%
SCM
6
Shaolin Capital Management
Florida
$4.39M -$11.3K -1,025 -0.3%
OAC
7
OMERS Administration Corp
Ontario, Canada
$2.2M – – –
BFM
8
Boothbay Fund Management
New York
$1.92M -$216K -19,700 -10%
MTCM
9
Mint Tower Capital Management
Netherlands
$1.1M +$1.1M +100,000 New
Walleye Capital
10
Walleye Capital
New York
$537K -$4.4K -400 -0.8%
Walleye Trading
11
Walleye Trading
New York
$430K +$33K +3,000 +8%
Rockefeller Capital Management
12
Rockefeller Capital Management
New York
$330K – – –
GCL
13
Glazer Capital LLC
New York
$119K -$147K -13,385 -55%
Citigroup
14
Citigroup
New York
$115K +$115K +10,429 New
TRCT
15
Tower Research Capital (TRC)
New York
$3K – – –
Millennium Management
16
Millennium Management
New York
$2.2K – – –
Marshall Wace
17
Marshall Wace
United Kingdom
– -$6.89M -650,000 Closed
CS
18
Credit Suisse
Switzerland
– -$5.3M -500,000 Closed
SSA
19
Schonfeld Strategic Advisors
New York
– -$5.3M -500,000 Closed
PC
20
Periscope Capital
Ontario, Canada
– -$2.61M -246,300 Closed
RCM
21
Rivernorth Capital Management
Florida
– -$2.21M -208,469 Closed
PMAM
22
Picton Mahoney Asset Management
Ontario, Canada
– -$1.59M -150,000 Closed
FTCM
23
First Trust Capital Management
Illinois
– -$530K -50,000 Closed
WAM
24
Wolverine Asset Management
Illinois
– -$461K -43,530 Closed
VCM
25
Vivaldi Capital Management
Illinois
– -$212K -19,971 Closed
1
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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.