ShoulderUp Technology Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
SUAC.U
SUAC.U was delisted on the 1st of December, 2023.
25 hedge funds and large institutions have $69.2M invested in ShoulderUp Technology Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant in 2022 Q1 according to their latest regulatory filings, with 2 funds opening new positions, increasing their positions, 10 reducing their positions, and 54 closing their positions.
68% less funds holding
Funds holding: 77 → 25 (-52)
76% less capital invested
Capital invested by funds: $290M → $69.2M (-$221M)
96% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 54
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$110K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$25.3M |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$13.5M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$8.08M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$7.84M |
| 5 |
SC
Sculptor Capital
New York
|
-$6.57M |
SUAC.U Hedge Fund Activity: Q1 2022 in Review
25 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in ShoulderUp Technology Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant (SUAC.U) for Q1 2022, worth a combined $69.2M — down 76% from $290M a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of SUAC.U and 2 opened new positions — a net loss of 52 holders — while 10 trimmed existing stakes and 0 added.
The largest buyer was State Street, opening a new position worth an estimated $110K. The largest seller was Saba Capital Management, exiting entirely with an estimated $25.3M sold.
- 25 institutional investors held ShoulderUp Technology Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant (SUAC.U) as of Q1 2022, down from 77 in Q4 2021.
- Funds reported $69.2M of ShoulderUp Technology Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant stock for Q1 2022, down 76% quarter-over-quarter.
- 2 funds opened new ShoulderUp Technology Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant positions in Q1 2022 and 54 closed out, a net change of -52 holders.
- The largest ShoulderUp Technology Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant buyer in Q1 2022 was State Street, an estimated $110K added.
- The largest ShoulderUp Technology Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant seller in Q1 2022 was Saba Capital Management, an estimated $25.3M sold.
Based on aggregated 13F filings for Q1 2022.