Stable Road Acquisition Corp. Unit
SRACU
SRACU was delisted on the 12th of August, 2021.
17 hedge funds and large institutions have $37.4M invested in Stable Road Acquisition Corp. Unit in 2020 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 5 reducing their positions, and 16 closing their positions.
20% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 5
47% less funds holding
Funds holding: 32 → 17 (-15)
73% less capital invested
Capital invested by funds: $139M → $37.4M (-$102M)
88% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 16
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$7.08M |
| 2 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$1.31M |
| 3 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$1.23M |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$440K |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$101K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LA
Linden Advisors
New York
|
-$13.1M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$12.9M |
| 3 |
KC
Kepos Capital
New York
|
-$12.3M |
| 4 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$12M |
| 5 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
-$11.8M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Hudson Bay Capital Management
Stamford,
Connecticut
| – | -$4.12M | -400,000 | Closed |
|
|
SCM
27
Shaolin Capital Management
Miami,
Florida
| – | -$2.46M | -238,600 | Closed |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| – | -$1.29M | -125,000 | Closed |
|
|
CAC
29
Cowen and Company
New York
| – | -$1M | -97,213 | Closed |
|
|
CC
30
Centiva Capital
New York
| – | -$515K | -50,000 | Closed |
|
31
Stifel Financial
St. Louis,
Missouri
| – | -$257K | -25,000 | Closed |
|
|
ICM
32
Ionic Capital Management
New York
| – | -$206K | -20,000 | Closed |
|
33
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$51K | -5,000 | Closed |
|
SRACU Hedge Fund Activity: Q1 2020 in Review
17 of the 4,539 institutional investors tracked by Wall St. Rank reported a position in Stable Road Acquisition Corp. Unit (SRACU) for Q1 2020, worth a combined $37.4M — down 73% from $139M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of SRACU and 2 opened new positions — a net loss of 14 holders — while 5 trimmed existing stakes and 4 added.
The largest buyer was Picton Mahoney Asset Management, adding an estimated $7.08M. The largest seller was Linden Advisors, exiting entirely with an estimated $13.1M sold.
- 17 institutional investors held Stable Road Acquisition Corp. Unit (SRACU) as of Q1 2020, down from 32 in Q4 2019.
- Funds reported $37.4M of Stable Road Acquisition Corp. Unit stock for Q1 2020, down 73% quarter-over-quarter.
- 2 funds opened new Stable Road Acquisition Corp. Unit positions in Q1 2020 and 16 closed out, a net change of -14 holders.
- The largest Stable Road Acquisition Corp. Unit buyer in Q1 2020 was Picton Mahoney Asset Management, an estimated $7.08M added.
- The largest Stable Road Acquisition Corp. Unit seller in Q1 2020 was Linden Advisors, an estimated $13.1M sold.
Based on aggregated 13F filings for Q1 2020.