Target Global Acquisition I Corp. Class A Ordinary Share
TGAA
TGAA was delisted on the 16th of December, 2024.
28 hedge funds and large institutions have $40.1M invested in Target Global Acquisition I Corp. Class A Ordinary Share in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 12 reducing their positions, and 33 closing their positions.
49% less funds holding
Funds holding: 55 → 28 (-27)
58% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 12
81% less capital invested
Capital invested by funds: $216M → $40.1M (-$176M)
82% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 33
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $3.2M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
+$1.13M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$1.04M |
| 3 |
MSU
Mizuho Securities USA
New York
|
+$596K |
| 4 |
TCSAM
Tyrus Capital S.A.M.
Monaco
|
+$439K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$266K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$20.3M |
| 2 |
CF
Cantor Fitzgerald
New York
|
-$16.8M |
| 3 |
SCM
Saba Capital Management
New York
|
-$14.2M |
| 4 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$12.8M |
| 5 |
Calamos Advisors
Naperville,
Illinois
|
-$10.5M |
TGAA Hedge Fund Activity: Q2 2023 in Review
28 of the 6,371 institutional investors tracked by Wall St. Rank reported a position in Target Global Acquisition I Corp. Class A Ordinary Share (TGAA) for Q2 2023, worth a combined $40.1M — down 81% from $216M a quarter earlier.
Sellers outnumbered buyers: 33 funds closed out of TGAA and 6 opened new positions — a net loss of 27 holders — while 12 trimmed existing stakes and 5 added.
The largest buyer was Castle Creek Arbitrage, opening a new position worth an estimated $1.13M. The largest seller was Aristeia Capital, exiting entirely with an estimated $20.3M sold.
- 28 institutional investors held Target Global Acquisition I Corp. Class A Ordinary Share (TGAA) as of Q2 2023, down from 55 in Q1 2023.
- Funds reported $40.1M of Target Global Acquisition I Corp. Class A Ordinary Share stock for Q2 2023, down 81% quarter-over-quarter.
- 6 funds opened new Target Global Acquisition I Corp. Class A Ordinary Share positions in Q2 2023 and 33 closed out, a net change of -27 holders.
- The largest Target Global Acquisition I Corp. Class A Ordinary Share buyer in Q2 2023 was Castle Creek Arbitrage, an estimated $1.13M added.
- The largest Target Global Acquisition I Corp. Class A Ordinary Share seller in Q2 2023 was Aristeia Capital, an estimated $20.3M sold.
Based on aggregated 13F filings for Q2 2023.