Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of
SPAQ.U
SPAQ.U was delisted on the 29th of October, 2020.
28 hedge funds and large institutions have $326M invested in Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of in 2018 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 9 reducing their positions, and 15 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
32% less funds holding
Funds holding: 41 → 28 (-13)
35% less capital invested
Capital invested by funds: $505M → $326M (-$179M)
56% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 9
87% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$10.4M |
| 2 |
MIM
Monashee Investment Management
Boston,
Massachusetts
|
+$3.54M |
| 3 |
Citigroup
New York
|
+$149K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$109K |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$24.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$48.2M |
| 2 |
HCM
Highbridge Capital Management
New York
|
-$30.4M |
| 3 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$20.3M |
| 4 |
FIG
Fortress Investment Group
New York
|
-$15.2M |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$14.7M |
SPAQ.U Hedge Fund Activity: Q4 2018 in Review
28 of the 4,505 institutional investors tracked by Wall St. Rank reported a position in Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of (SPAQ.U) for Q4 2018, worth a combined $326M — down 35% from $505M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of SPAQ.U and 2 opened new positions — a net loss of 13 holders — while 9 trimmed existing stakes and 4 added.
The largest buyer was Deutsche Bank, adding an estimated $10.4M. The largest seller was Adage Capital Partners, exiting entirely with an estimated $48.2M sold.
- 28 institutional investors held Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of (SPAQ.U) as of Q4 2018, down from 41 in Q3 2018.
- Funds reported $326M of Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of stock for Q4 2018, down 35% quarter-over-quarter.
- 2 funds opened new Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of positions in Q4 2018 and 15 closed out, a net change of -13 holders.
- The largest Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of buyer in Q4 2018 was Deutsche Bank, an estimated $10.4M added.
- The largest Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of seller in Q4 2018 was Adage Capital Partners, an estimated $48.2M sold.
Based on aggregated 13F filings for Q4 2018.