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.
22 hedge funds and large institutions have $49.4M 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 Q2 according to their latest regulatory filings, with 5 funds opening new positions, increasing their positions, 5 reducing their positions, and 8 closing their positions.
12% less funds holding
Funds holding: 25 → 22 (-3)
29% less capital invested
Capital invested by funds: $69.2M → $49.4M (-$19.8M)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Cowen Investment Management
New York
|
+$2.51M |
| 2 |
PCM
Prelude Capital Management
New York
|
+$250K |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$106K |
| 4 |
GCL
Glazer Capital LLC
New York
|
+$27.8K |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
+$3.01K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$6.01M |
| 2 |
GCM
Ghisallo Capital Management
Boston,
Massachusetts
|
-$2.78M |
| 3 |
ACM
Advent Capital Management
New York
|
-$2.5M |
| 4 |
Verition Fund Management
Greenwich,
Connecticut
|
-$1.4M |
| 5 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$1.12M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
JP Morgan Chase
New York
| – | -$1M | -100,000 | Closed |
|
|
CM
27
Cohanzick Management
Pleasantville,
New York
| – | -$295K | -29,317 | Closed |
|
|
COPPSERS
28
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
| – | -$253K | -25,000 | Closed |
|
29
Bank of America
Charlotte,
North Carolina
| – | -$200K | -20,000 | Closed |
|
SUAC.U Hedge Fund Activity: Q2 2022 in Review
22 of the 5,937 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 Q2 2022, worth a combined $49.4M — down 29% from $69.2M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of SUAC.U and 5 opened new positions — a net loss of 3 holders — while 5 trimmed existing stakes and 0 added.
The largest buyer was Cowen Investment Management, opening a new position worth an estimated $2.51M. The largest seller was Millennium Management, exiting entirely with an estimated $6.01M sold.
- 22 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 Q2 2022, down from 25 in Q1 2022.
- Funds reported $49.4M 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 Q2 2022, down 29% quarter-over-quarter.
- 5 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 Q2 2022 and 8 closed out, a net change of -3 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 Q2 2022 was Cowen Investment Management, an estimated $2.51M 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 Q2 2022 was Millennium Management, an estimated $6.01M sold.
Based on aggregated 13F filings for Q2 2022.