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.
15 hedge funds and large institutions have $129M invested in Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of in 2020 Q1 according to their latest regulatory filings, with 0 funds opening new positions, 1 increasing their positions, 3 reducing their positions, and 4 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
19% less capital invested
Capital invested by funds: $159M → $129M (-$29.4M)
25% less funds holding
Funds holding: 20 → 15 (-5)
67% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 3
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$10 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$19.9M |
| 2 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$3.66M |
| 3 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$1.92M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$1.33M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$837K |
SPAQ.U Hedge Fund Activity: Q1 2020 in Review
15 of the 4,538 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 Q1 2020, worth a combined $129M — down 19% from $159M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of SPAQ.U and 0 opened new positions — a net loss of 4 holders — while 3 trimmed existing stakes and 1 added.
The largest buyer was Glazer Capital LLC, adding an estimated $10. The largest seller was Millennium Management, cutting an estimated $19.9M.
- 15 institutional investors held Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of (SPAQ.U) as of Q1 2020, down from 20 in Q4 2019.
- Funds reported $129M of Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of stock for Q1 2020, down 19% quarter-over-quarter.
- 0 funds opened new Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of positions in Q1 2020 and 4 closed out, a net change of -4 holders.
- The largest Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of buyer in Q1 2020 was Glazer Capital LLC, an estimated $10 added.
- The largest Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of seller in Q1 2020 was Millennium Management, an estimated $19.9M sold.
Based on aggregated 13F filings for Q1 2020.