Spartan Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fo
SPAQ.U
SPAQ.U was delisted on the 16th of March, 2022.
81 hedge funds and large institutions have $122M invested in Spartan Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fo in 2021 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 10 increasing their positions, 25 reducing their positions, and 102 closing their positions.
54% less funds holding
Funds holding: 177 → 81 (-96)
60% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 25
67% less funds holding in top 10
Funds holding in top 10: 3 → 1 (-2)
73% less capital invested
Capital invested by funds: $456M → $122M (-$335M)
94% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 102
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$985K |
| 2 |
VF
Virtu Financial
New York
|
+$541K |
| 3 |
CCMU
Cheyne Capital Management (UK)
London,
United Kingdom
|
+$504K |
| 4 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
+$351K |
| 5 |
FTUS
Flow Traders U.S.
New York
|
+$305K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$20.1M |
| 2 |
HHAM
HITE Hedge Asset Management
Braintree,
Massachusetts
|
-$11.4M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$11.2M |
| 4 |
PWAM
Park West Asset Management
San Francisco,
California
|
-$10M |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$8.79M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
176
Morgan Stanley
New York
| – | -$269K | -26,854 | Closed |
|
|
AGM
177
Alpine Global Management
New York
| – | -$169K | -16,876 | Closed |
|
|
MA
178
MYDA Advisors
Woodmere,
New York
| – | -$140K | -14,000 | Closed |
|
|
RA
179
Ramius Advisors
New York
| – | -$107K | -10,685 | Closed |
|
|
SMA
180
Sage Mountain Advisors
Atlanta,
Georgia
| – | -$101K | -10,100 | Closed |
|
|
EVM
181
Eaton Vance Management
Boston,
Massachusetts
| – | -$100K | -10,000 | Closed |
|
|
PCM
182
PenderFund Capital Management
Vancouver,
British Columbia, Canada
| – | -$13K | -1,000 | Closed |
|
183
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$1K | -60 | Closed |
|
SPAQ.U Hedge Fund Activity: Q2 2021 in Review
81 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in Spartan Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fo (SPAQ.U) for Q2 2021, worth a combined $122M — down 73% from $456M a quarter earlier.
Sellers outnumbered buyers: 102 funds closed out of SPAQ.U and 6 opened new positions — a net loss of 96 holders — while 25 trimmed existing stakes and 10 added.
The largest buyer was Glazer Capital LLC, adding an estimated $985K. The largest seller was Adage Capital Partners, exiting entirely with an estimated $20.1M sold.
- 81 institutional investors held Spartan Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fo (SPAQ.U) as of Q2 2021, down from 177 in Q1 2021.
- Funds reported $122M of Spartan Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fo stock for Q2 2021, down 73% quarter-over-quarter.
- 6 funds opened new Spartan Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fo positions in Q2 2021 and 102 closed out, a net change of -96 holders.
- The largest Spartan Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fo buyer in Q2 2021 was Glazer Capital LLC, an estimated $985K added.
- The largest Spartan Acquisition Corp. III Units, each consisting of one share of Class A common stock and one-fo seller in Q2 2021 was Adage Capital Partners, an estimated $20.1M sold.
Based on aggregated 13F filings for Q2 2021.