Robinson Alternative Yield Pre-merger SPAC ETF
SPAX
SPAX was delisted on the 7th of April, 2025.
7 hedge funds and large institutions have $11.8M invested in Robinson Alternative Yield Pre-merger SPAC ETF in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 1 closing their positions.
342% more capital invested
Capital invested by funds: $2.66M → $11.8M (+$9.09M)
200% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 1
40% more funds holding
Funds holding: 5 → 7 (+2)
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Cohanzick Management
Pleasantville,
New York
|
+$6.14M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$222K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$8.55K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Commonwealth Equity Services
Waltham,
Massachusetts
|
-$465K |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$341K |
| 3 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
-$8.47K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CM
1
Cohanzick Management
Pleasantville,
New York
| $5.88M | +$6.14M | +288,337 | New |
|
|
2
Commonwealth Equity Services
Waltham,
Massachusetts
| $3.03M | -$465K | -21,865 | -13% |
|
|
SIA
3
Schechter Investment Advisors
Birmingham,
Michigan
| $1.85M | -$8.47K | -398 | -0.5% |
|
|
4
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $437K | +$222K | +10,428 | +104% |
|
|
AA
5
Ancora Advisors
Cleveland,
Ohio
| $287K | – | – | – |
|
|
GS
6
GTS Securities
New York
| $266K | +$265K | +12,441 | New |
|
|
7
UBS Group
Zurich,
Switzerland
| $8.61K | +$8.55K | +402 | New |
|
|
RCM
8
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$341K | -16,041 | Closed |
|
SPAX Hedge Fund Activity: Q2 2023 in Review
7 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) for Q2 2023, worth a combined $11.8M — up 342% from $2.66M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new SPAX positions and 1 closed out — a net gain of 2 holders — while 1 added to existing stakes and 2 trimmed.
The largest buyer was Cohanzick Management, opening a new position worth an estimated $6.14M. The largest seller was Commonwealth Equity Services, cutting an estimated $465K.
- 7 institutional investors held Robinson Alternative Yield Pre-merger SPAC ETF (SPAX) as of Q2 2023, up from 5 in Q1 2023.
- Funds reported $11.8M of Robinson Alternative Yield Pre-merger SPAC ETF stock for Q2 2023, up 342% quarter-over-quarter.
- 3 funds opened new Robinson Alternative Yield Pre-merger SPAC ETF positions in Q2 2023 and 1 closed out, a net change of +2 holders.
- The largest Robinson Alternative Yield Pre-merger SPAC ETF buyer in Q2 2023 was Cohanzick Management, an estimated $6.14M added.
- The largest Robinson Alternative Yield Pre-merger SPAC ETF seller in Q2 2023 was Commonwealth Equity Services, an estimated $465K sold.
Based on aggregated 13F filings for Q2 2023.