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.
3 hedge funds and large institutions have $810K invested in Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of in 2020 Q3 according to their latest regulatory filings, with 2 funds opening new positions, increasing their positions, 1 reducing their positions, and 12 closing their positions.
77% less funds holding
Funds holding: 13 → 3 (-10)
83% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 12
99% less capital invested
Capital invested by funds: $119M → $810K (-$118M)
100% less funds holding in top 10
Funds holding in top 10: 3 → 0 (-3)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
+$601K |
| 2 |
BBL
Beck Bode LLC
Dedham,
Massachusetts
|
+$450 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DKCM
Davidson Kempner Capital Management
New York
|
-$26.8M |
| 2 |
HP
Hartree Partners
New York
|
-$25.9M |
| 3 |
DBC
Deep Basin Capital
Stamford,
Connecticut
|
-$21.4M |
| 4 |
GCL
Glazer Capital LLC
New York
|
-$15.4M |
| 5 |
Millennium Management
New York
|
-$11.1M |
SPAQ.U Hedge Fund Activity: Q3 2020 in Review
3 of the 4,956 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 Q3 2020, worth a combined $810K — down 99% from $119M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of SPAQ.U and 2 opened new positions — a net loss of 10 holders — while 1 trimmed existing stakes and 0 added.
The largest buyer was Cowen and Company, opening a new position worth an estimated $601K. The largest seller was Davidson Kempner Capital Management, exiting entirely with an estimated $26.8M sold.
- 3 institutional investors held Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of (SPAQ.U) as of Q3 2020, down from 13 in Q2 2020.
- Funds reported $810K of Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of stock for Q3 2020, down 99% 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 Q3 2020 and 12 closed out, a net change of -10 holders.
- The largest Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of buyer in Q3 2020 was Cowen and Company, an estimated $601K added.
- The largest Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of seller in Q3 2020 was Davidson Kempner Capital Management, an estimated $26.8M sold.
Based on aggregated 13F filings for Q3 2020.