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SUAC.U

ShoulderUp Technology Acquisition Corp. Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
SUAC.U

Delisted

SUAC.U was delisted on the 1st of December, 2023.

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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
25
Holders Change
-52
Holders Change %
-67.53%
% of All Funds
0.39%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
–
Reduced
10
Closed
54
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
State Street
State Street
Massachusetts
+$110K

Top Sellers

Rank Fund Capital Flow
1
SCM
Saba Capital Management
New York
-$25.3M
2
CSS
Cubist Systematic Strategies
Connecticut
-$13.5M
3
Citadel Advisors
Citadel Advisors
Florida
-$8.08M
4
PC
Periscope Capital
Ontario, Canada
-$7.84M
5
SC
Sculptor Capital
New York
-$6.57M
Name Holding Trade Value Shares
Change 		Change in
Stake
Calamos Advisors
1
Calamos Advisors
Illinois
$20.2M – – –
CCA
2
Castle Creek Arbitrage
Colorado
$8.34M – – –
MF
3
Magnetar Financial
Illinois
$6.92M -$150K -14,900 -2%
Millennium Management
4
Millennium Management
New York
$6.01M -$289K -28,735 -5%
ACM
5
Atalaya Capital Management
New York
$6.01M – – –
MP
6
Mangrove Partners
Connecticut
$4.01M – – –
GCM
7
Ghisallo Capital Management
Massachusetts
$2.78M – – –
ACM
8
Advent Capital Management
New York
$2.5M -$503K -50,000 -17%
LP
9
LMR Partners
United Kingdom
$2.25M – – –
SRF
10
Silver Rock Financial
California
$2M – – –
SFM
11
Spartan Fund Management
Canada
$1.97M +$1.57M +155,750 New
Verition Fund Management
12
Verition Fund Management
Connecticut
$1.4M -$4.03M -400,000 -74%
BCL
13
Bracebridge Capital LLC
Massachusetts
$1.25M – – –
JP Morgan Chase
14
JP Morgan Chase
New York
$1M – – –
SSA
15
Schonfeld Strategic Advisors
New York
$757K -$755K -75,010 -50%
CM
16
Cohanzick Management
New York
$295K -$359K -35,683 -55%
COPPSERS
17
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$253K – – –
Royal Bank of Canada
18
Royal Bank of Canada
Ontario, Canada
$251K – – –
PC
19
Periscope Capital
Ontario, Canada
$242K -$7.84M -778,558 -97%
WC
20
Wealthspring Capital
New York
$239K – – –
Bank of America
21
Bank of America
North Carolina
$200K -$1.01M -100,000 -83%
WAM
22
Wolverine Asset Management
Illinois
$112K -$1.9M -188,754 -94%
State Street
23
State Street
Massachusetts
$109K +$110K +10,905 New
Walleye Capital
24
Walleye Capital
New York
$105K -$861K -85,554 -89%
SCM
25
Saba Capital Management
New York
– -$25.3M -2,500,700 Closed
1
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SUAC.U Hedge Fund Activity: Q1 2022 in Review

25 of the 6,340 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.