Silver Spike Acquisition Corp. Units
SSPKU
SSPKU was delisted on the 11th of June, 2021.
11 hedge funds and large institutions have $31M invested in Silver Spike Acquisition Corp. Units in 2020 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 6 reducing their positions, and 5 closing their positions.
21% less funds holding
Funds holding: 14 → 11 (-3)
25% less capital invested
Capital invested by funds: $41.5M → $31M (-$10.5M)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
83% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MTCM
Mint Tower Capital Management
Amsterdam,
Netherlands
|
+$2.58M |
| 2 |
Citigroup
New York
|
+$517K |
| 3 |
Walleye Capital
New York
|
+$827 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
-$5.14M |
| 2 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$3.04M |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$2.06M |
| 4 |
Walleye Trading
New York
|
-$1.67M |
| 5 |
AGC
Angelo Gordon & Co
New York
|
-$1.09M |
SSPKU Hedge Fund Activity: Q3 2020 in Review
11 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Silver Spike Acquisition Corp. Units (SSPKU) for Q3 2020, worth a combined $31M — down 25% from $41.5M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SSPKU and 2 opened new positions — a net loss of 3 holders — while 6 trimmed existing stakes and 1 added.
The largest buyer was Mint Tower Capital Management, opening a new position worth an estimated $2.58M. The largest seller was Castle Creek Arbitrage, exiting entirely with an estimated $5.14M sold.
- 11 institutional investors held Silver Spike Acquisition Corp. Units (SSPKU) as of Q3 2020, down from 14 in Q2 2020.
- Funds reported $31M of Silver Spike Acquisition Corp. Units stock for Q3 2020, down 25% quarter-over-quarter.
- 2 funds opened new Silver Spike Acquisition Corp. Units positions in Q3 2020 and 5 closed out, a net change of -3 holders.
- The largest Silver Spike Acquisition Corp. Units buyer in Q3 2020 was Mint Tower Capital Management, an estimated $2.58M added.
- The largest Silver Spike Acquisition Corp. Units seller in Q3 2020 was Castle Creek Arbitrage, an estimated $5.14M sold.
Based on aggregated 13F filings for Q3 2020.