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.
13 hedge funds and large institutions have $7.49M invested in Tortoise Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of in 2021 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 7 reducing their positions, and 37 closing their positions.
72% less funds holding
Funds holding: 47 → 13 (-34)
86% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 7
92% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 37
92% less capital invested
Capital invested by funds: $92.7M → $7.49M (-$85.2M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCA
Salient Capital Advisors
Houston,
Texas
|
+$5.33M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$205K |
| 3 |
Rockefeller Capital Management
New York
|
+$85.3K |
| 4 |
HF
HRT Financial
New York
|
+$8.35K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$16.7M |
| 2 |
DKCM
Davidson Kempner Capital Management
New York
|
-$7.9M |
| 3 |
MWNA
Marshall Wace North America
New York
|
-$6.77M |
| 4 |
KC
Kepos Capital
New York
|
-$6.64M |
| 5 |
SAM
Sycomore Asset Management
Paris,
France
|
-$5.64M |
SNPR.U Hedge Fund Activity: Q1 2021 in Review
13 of the 5,696 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 Q1 2021, worth a combined $7.49M — down 92% from $92.7M a quarter earlier.
Sellers outnumbered buyers: 37 funds closed out of SNPR.U and 3 opened new positions — a net loss of 34 holders — while 7 trimmed existing stakes and 1 added.
The largest buyer was Salient Capital Advisors, opening a new position worth an estimated $5.33M. The largest seller was Magnetar Financial, exiting entirely with an estimated $16.7M sold.
- 13 institutional investors held Tortoise Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of (SNPR.U) as of Q1 2021, down from 47 in Q4 2020.
- Funds reported $7.49M of Tortoise Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of stock for Q1 2021, down 92% quarter-over-quarter.
- 3 funds opened new Tortoise Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of positions in Q1 2021 and 37 closed out, a net change of -34 holders.
- The largest Tortoise Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of buyer in Q1 2021 was Salient Capital Advisors, an estimated $5.33M added.
- The largest Tortoise Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-fourth of seller in Q1 2021 was Magnetar Financial, an estimated $16.7M sold.
Based on aggregated 13F filings for Q1 2021.