Tortoise Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of
SNPR.U
SNPR.U was delisted on the 26th of August, 2021.
47 hedge funds and large institutions have $92.7M invested in Tortoise Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of in 2020 Q4 according to their latest regulatory filings, with 14 funds opening new positions, 7 increasing their positions, 22 reducing their positions, and 36 closing their positions.
34% less funds holding
Funds holding: 71 → 47 (-24)
61% less first-time investments, than exits
New positions opened: 14 | Existing positions closed: 36
63% less capital invested
Capital invested by funds: $250M → $92.7M (-$157M)
68% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 22
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SAM
Sycomore Asset Management
Paris,
France
|
+$5.38M |
| 2 |
VF
Virtu Financial
New York
|
+$1.34M |
| 3 |
DAM
DLD Asset Management
New York
|
+$1.08M |
| 4 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$1.08M |
| 5 |
BCM
Bluefin Capital Management
New York
|
+$957K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LCG
Luxor Capital Group
New York
|
-$16.5M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$16.3M |
| 3 |
Millennium Management
New York
|
-$14.9M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$12.4M |
| 5 |
CIBC Private Wealth Group
Atlanta,
Georgia
|
-$10.9M |
SNPR.U Hedge Fund Activity: Q4 2020 in Review
47 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Tortoise Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of (SNPR.U) for Q4 2020, worth a combined $92.7M — down 63% from $250M a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of SNPR.U and 14 opened new positions — a net loss of 22 holders — while 22 trimmed existing stakes and 7 added.
The largest buyer was Sycomore Asset Management, opening a new position worth an estimated $5.38M. The largest seller was Luxor Capital Group, exiting entirely with an estimated $16.5M sold.
- 47 institutional investors held Tortoise Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of (SNPR.U) as of Q4 2020, down from 71 in Q3 2020.
- Funds reported $92.7M of Tortoise Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of stock for Q4 2020, down 63% quarter-over-quarter.
- 14 funds opened new Tortoise Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of positions in Q4 2020 and 36 closed out, a net change of -22 holders.
- The largest Tortoise Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of buyer in Q4 2020 was Sycomore Asset Management, an estimated $5.38M added.
- The largest Tortoise Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of seller in Q4 2020 was Luxor Capital Group, an estimated $16.5M sold.
Based on aggregated 13F filings for Q4 2020.