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THCBU

Tuscan Holdings Corp. Unit
THCBU

Delisted

THCBU was delisted on the 23rd of July, 2021.

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14 hedge funds and large institutions have $30.2M invested in Tuscan Holdings Corp. Unit in 2020 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 0 increasing their positions, 4 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% less funds holding

Funds holding: 23 → 14 (-9)

56% less capital invested

Capital invested by funds: $68.8M → $30.2M (-$38.6M)

89% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 9

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 4

Holders
14
Holders Change
-9
Holders Change %
-39.13%
% of All Funds
0.31%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
1
Increased
–
Reduced
4
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AC
Aristides Capital
Kentucky
+$412K

Top Sellers

Rank Fund Capital Flow
1
KPF
K2 Principal Fund
Ontario, Canada
-$8.41M
2
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$7.35M
3
PAMP
Polar Asset Management Partners
Ontario, Canada
-$6.58M
4
BFM
Boothbay Fund Management
New York
-$5.14M
5
CAC
Cowen and Company
New York
-$1.27M
Name Holding Trade Value Shares
Change 		Change in
Stake
CCA
1
Castle Creek Arbitrage
Colorado
$8.88M – – –
SCM
2
Shaolin Capital Management
Florida
$5.05M – – –
D.E. Shaw & Co
3
D.E. Shaw & Co
New York
$2.67M – – –
RCM
4
Rivernorth Capital Management
Florida
$2.53M – – –
YCM
5
Yakira Capital Management
Connecticut
$2.27M – – –
MTCM
6
Mint Tower Capital Management
Netherlands
$2.16M -$348K -33,810 -14%
BCM
7
Basso Capital Management
Connecticut
$1.92M -$1.01M -98,000 -34%
PC
8
Periscope Capital
Ontario, Canada
$1.69M – – –
Walleye Trading
9
Walleye Trading
New York
$1.53M -$17.5K -1,700 -1%
CCM
10
Context Capital Management
California
$598K – – –
MAM
11
Myriad Asset Management
Hong Kong
$505K – – –
AC
12
Aristides Capital
Kentucky
$404K +$412K +40,000 New
UBS Group
13
UBS Group
Switzerland
$16K -$4.63K -450 -23%
KPF
14
K2 Principal Fund
Ontario, Canada
– -$8.41M -799,777 Closed
Hudson Bay Capital Management
15
Hudson Bay Capital Management
Connecticut
– -$7.35M -700,000 Closed
PAMP
16
Polar Asset Management Partners
Ontario, Canada
– -$6.58M -625,001 Closed
BFM
17
Boothbay Fund Management
New York
– -$5.14M -510,575 Closed
CAC
18
Cowen and Company
New York
– -$1.27M -121,200 Closed
KC
19
Kepos Capital
New York
– -$1.07M -100,356 Closed
CIM
20
Cowen Investment Management
New York
– -$1.05M -100,000 Closed
LIM
21
Longfellow Investment Management
Massachusetts
– -$568K -54,000 Closed
Stifel Financial
22
Stifel Financial
Missouri
– -$163K -15,436 Closed

THCBU Hedge Fund Activity: Q1 2020 in Review

14 of the 4,538 institutional investors tracked by Wall St. Rank reported a position in Tuscan Holdings Corp. Unit (THCBU) for Q1 2020, worth a combined $30.2M — down 56% from $68.8M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of THCBU and 1 opened new positions — a net loss of 8 holders — while 4 trimmed existing stakes and 0 added.

The largest buyer was Aristides Capital, opening a new position worth an estimated $412K. The largest seller was K2 Principal Fund, exiting entirely with an estimated $8.41M sold.

  • 14 institutional investors held Tuscan Holdings Corp. Unit (THCBU) as of Q1 2020, down from 23 in Q4 2019.
  • Funds reported $30.2M of Tuscan Holdings Corp. Unit stock for Q1 2020, down 56% quarter-over-quarter.
  • 1 fund opened new Tuscan Holdings Corp. Unit positions in Q1 2020 and 9 closed out, a net change of -8 holders.
  • The largest Tuscan Holdings Corp. Unit buyer in Q1 2020 was Aristides Capital, an estimated $412K added.
  • The largest Tuscan Holdings Corp. Unit seller in Q1 2020 was K2 Principal Fund, an estimated $8.41M sold.

Based on aggregated 13F filings for Q1 2020.