Starboard Value Acquisition Corp. Unit
SVACU
SVACU was delisted on the 29th of July, 2021.
58 hedge funds and large institutions have $116M invested in Starboard Value Acquisition Corp. Unit in 2020 Q4 according to their latest regulatory filings, with 22 funds opening new positions, 5 increasing their positions, 19 reducing their positions, and 34 closing their positions.
17% less funds holding
Funds holding: 70 → 58 (-12)
35% less first-time investments, than exits
New positions opened: 22 | Existing positions closed: 34
61% less capital invested
Capital invested by funds: $299M → $116M (-$184M)
74% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 19
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Teacher Retirement System of Texas
Austin,
Texas
|
+$24.4M |
| 2 |
GCL
Glazer Capital LLC
New York
|
+$3.23M |
| 3 |
JP Morgan Chase
New York
|
+$2.04M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$984K |
| 5 |
BCM
Bluefin Capital Management
New York
|
+$967K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$30.2M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$26.3M |
| 3 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$22.2M |
| 4 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$17.7M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$11.1M |
SVACU Hedge Fund Activity: Q4 2020 in Review
58 of the 5,651 institutional investors tracked by Wall St. Rank reported a position in Starboard Value Acquisition Corp. Unit (SVACU) for Q4 2020, worth a combined $116M — down 61% from $299M a quarter earlier.
Sellers outnumbered buyers: 34 funds closed out of SVACU and 22 opened new positions — a net loss of 12 holders — while 19 trimmed existing stakes and 5 added.
The largest buyer was Teacher Retirement System of Texas, opening a new position worth an estimated $24.4M. The largest seller was Fir Tree Capital Management, exiting entirely with an estimated $30.2M sold.
- 58 institutional investors held Starboard Value Acquisition Corp. Unit (SVACU) as of Q4 2020, down from 70 in Q3 2020.
- Funds reported $116M of Starboard Value Acquisition Corp. Unit stock for Q4 2020, down 61% quarter-over-quarter.
- 22 funds opened new Starboard Value Acquisition Corp. Unit positions in Q4 2020 and 34 closed out, a net change of -12 holders.
- The largest Starboard Value Acquisition Corp. Unit buyer in Q4 2020 was Teacher Retirement System of Texas, an estimated $24.4M added.
- The largest Starboard Value Acquisition Corp. Unit seller in Q4 2020 was Fir Tree Capital Management, an estimated $30.2M sold.
Based on aggregated 13F filings for Q4 2020.