The SPAC and New Issue ETF
SPCK
24 hedge funds and large institutions have $15.4M invested in The SPAC and New Issue ETF in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 14 closing their positions.
4.75% less ownership
Funds ownership: 18.56% → 13.82% (-4.7%)
31% less funds holding
Funds holding: 35 → 24 (-11)
33% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 9
43% less capital invested
Capital invested by funds: $26.9M → $15.4M (-$11.5M)
49% less call options, than puts
Call options by funds: $20.2M | Put options by funds: $39.5M
79% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Avestar Capital
New York
|
+$699K |
| 2 |
CIM
Corbyn Investment Management
Lutherville,
Maryland
|
+$675K |
| 3 |
Simplex Trading
Chicago,
Illinois
|
+$446K |
| 4 |
Morgan Stanley
New York
|
+$351K |
| 5 |
SM
SG3 Management
Dorado,
Puerto Rico
|
+$106K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$4.24M |
| 2 |
Wolverine Trading
Chicago,
Illinois
|
-$2.08M |
| 3 |
CIM
Cowen Investment Management
New York
|
-$1.43M |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$1.01M |
| 5 |
HM
Harvest Management
New York
|
-$911K |
SPCK Hedge Fund Activity: Q2 2021 in Review
24 of the 5,766 institutional investors tracked by Wall St. Rank reported a position in The SPAC and New Issue ETF (SPCK) for Q2 2021, worth a combined $15.4M — down 43% from $26.9M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of SPCK and 3 opened new positions — a net loss of 11 holders — while 9 trimmed existing stakes and 6 added.
The largest buyer was Avestar Capital, opening a new position worth an estimated $699K. The largest seller was Bank of Montreal, exiting entirely with an estimated $4.24M sold.
- 24 institutional investors held The SPAC and New Issue ETF (SPCK) as of Q2 2021, down from 35 in Q1 2021.
- Funds reported $15.4M of The SPAC and New Issue ETF stock for Q2 2021, down 43% quarter-over-quarter.
- 3 funds opened new The SPAC and New Issue ETF positions in Q2 2021 and 14 closed out, a net change of -11 holders.
- The largest The SPAC and New Issue ETF buyer in Q2 2021 was Avestar Capital, an estimated $699K added.
- The largest The SPAC and New Issue ETF seller in Q2 2021 was Bank of Montreal, an estimated $4.24M sold.
Based on aggregated 13F filings for Q2 2021.