Tuscan Holdings Corp. Unit
THCBU
THCBU was delisted on the 23rd of July, 2021.
26 hedge funds and large institutions have $101M invested in Tuscan Holdings Corp. Unit in 2019 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 17 reducing their positions, and 10 closing their positions.
24% less funds holding
Funds holding: 34 → 26 (-8)
48% less capital invested
Capital invested by funds: $192M → $101M (-$91.7M)
67% less funds holding in top 10
Funds holding in top 10: 6 → 2 (-4)
80% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 10
94% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$8.93M |
| 2 |
SM
Scoggin Management
New York
|
+$1.31M |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$2.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$16.6M |
| 2 |
JGC
J. Goldman & Co
New York
|
-$14.1M |
| 3 |
KC
Kepos Capital
New York
|
-$12.2M |
| 4 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$8.93M |
| 5 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$8.33M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
UBS Group
Zurich,
Switzerland
| $2K | +$2.1K | +200 | New |
|
|
AA
27
AQR Arbitrage
Greenwich,
Connecticut
| – | -$16.6M | -1,600,000 | Closed |
|
|
JGC
28
J. Goldman & Co
New York
| – | -$14.1M | -1,350,000 | Closed |
|
|
OAM
29
Oxford Asset Management
Oxford,
United Kingdom
| – | -$8.32M | -800,000 | Closed |
|
|
WCMNY
30
Westchester Capital Management (New York)
Valhalla,
New York
| – | -$8.33M | -799,100 | Closed |
|
|
TCM
31
Tenor Capital Management
New York
| – | -$5.21M | -500,000 | Closed |
|
|
DKCM
32
Davidson Kempner Capital Management
New York
| – | -$4.17M | -401,000 | Closed |
|
33
Verition Fund Management
Greenwich,
Connecticut
| – | -$895K | -85,800 | Closed |
|
|
PAM
34
Panagora Asset Management
Boston,
Massachusetts
| – | -$782K | -75,000 | Closed |
|
|
BI
35
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$521K | -50,000 | Closed |
|
|
EIP
36
Easterly Investment Partners
Beverly,
Massachusetts
| – | -$104K | -10,000 | Closed |
|
THCBU Hedge Fund Activity: Q2 2019 in Review
26 of the 4,604 institutional investors tracked by Wall St. Rank reported a position in Tuscan Holdings Corp. Unit (THCBU) for Q2 2019, worth a combined $101M — down 48% from $192M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of THCBU and 2 opened new positions — a net loss of 8 holders — while 17 trimmed existing stakes and 1 added.
The largest buyer was Polar Asset Management Partners, adding an estimated $8.93M. The largest seller was AQR Arbitrage, exiting entirely with an estimated $16.6M sold.
- 26 institutional investors held Tuscan Holdings Corp. Unit (THCBU) as of Q2 2019, down from 34 in Q1 2019.
- Funds reported $101M of Tuscan Holdings Corp. Unit stock for Q2 2019, down 48% quarter-over-quarter.
- 2 funds opened new Tuscan Holdings Corp. Unit positions in Q2 2019 and 10 closed out, a net change of -8 holders.
- The largest Tuscan Holdings Corp. Unit buyer in Q2 2019 was Polar Asset Management Partners, an estimated $8.93M added.
- The largest Tuscan Holdings Corp. Unit seller in Q2 2019 was AQR Arbitrage, an estimated $16.6M sold.
Based on aggregated 13F filings for Q2 2019.