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.
7 hedge funds and large institutions have $4.88M 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 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 0 reducing their positions, and 5 closing their positions.
36% less funds holding
Funds holding: 11 → 7 (-4)
52% less capital invested
Capital invested by funds: $10.2M → $4.88M (-$5.35M)
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Clear Street
New York
|
+$46.6K |
| 2 |
GCL
Glazer Capital LLC
New York
|
+$2.06K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Cowen Investment Management
New York
|
-$2.53M |
| 2 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
-$1.6M |
| 3 |
BCL
Bracebridge Capital LLC
Boston,
Massachusetts
|
-$1.26M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$124K |
| 5 |
AA
Ancora Advisors
Cleveland,
Ohio
|
-$3K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
LP
1
LMR Partners
London,
United Kingdom
| $2.34M | – | – | – |
|
|
SRF
2
Silver Rock Financial
Los Angeles,
California
| $2.07M | – | – | – |
|
|
WC
3
Wealthspring Capital
West Harrison,
New York
| $166K | – | – | – |
|
4
State Street
Boston,
Massachusetts
| $113K | – | – | – |
|
5
Walleye Capital
New York
| $109K | – | – | – |
|
|
CS
6
Clear Street
New York
| $46.9K | +$46.6K | +4,516 | New |
|
|
GCL
7
Glazer Capital LLC
New York
| $31K | +$2.06K | +200 | +7% |
|
|
CIM
8
Cowen Investment Management
New York
| – | -$2.53M | -250,000 | Closed |
|
|
SFM
9
Spartan Fund Management
Toronto, Ontario,
Canada
| – | -$1.6M | -155,750 | Closed |
|
|
BCL
10
Bracebridge Capital LLC
Boston,
Massachusetts
| – | -$1.26M | -125,000 | Closed |
|
|
WAM
11
Wolverine Asset Management
Chicago,
Illinois
| – | -$124K | -12,227 | Closed |
|
|
AA
12
Ancora Advisors
Cleveland,
Ohio
| – | -$3K | -300 | Closed |
|
SUAC.U Hedge Fund Activity: Q1 2023 in Review
7 of the 6,275 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 2023, worth a combined $4.88M — down 52% from $10.2M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of SUAC.U and 1 opened new positions — a net loss of 4 holders — while 0 trimmed existing stakes and 1 added.
The largest buyer was Clear Street, opening a new position worth an estimated $46.6K. The largest seller was Cowen Investment Management, exiting entirely with an estimated $2.53M sold.
- 7 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 2023, down from 11 in Q4 2022.
- Funds reported $4.88M 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 2023, down 52% quarter-over-quarter.
- 1 fund 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 2023 and 5 closed out, a net change of -4 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 2023 was Clear Street, an estimated $46.6K 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 2023 was Cowen Investment Management, an estimated $2.53M sold.
Based on aggregated 13F filings for Q1 2023.