Tuscan Holdings Corp. Unit
THCBU
THCBU was delisted on the 23rd of July, 2021.
11 hedge funds and large institutions have $25.2M invested in Tuscan Holdings Corp. Unit in 2020 Q2 according to their latest regulatory filings, with 0 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 3 closing their positions.
17% less capital invested
Capital invested by funds: $30.2M → $25.2M (-$5M)
21% less funds holding
Funds holding: 14 → 11 (-3)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
+$177K |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$1.03K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$2.67M |
| 2 |
MTCM
Mint Tower Capital Management
Amsterdam,
Netherlands
|
-$2.16M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$1.18M |
| 4 |
MAM
Myriad Asset Management
North Point,
Hong Kong
|
-$505K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$41.5K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCA
1
Castle Creek Arbitrage
Avon,
Colorado
| $9.39M | – | – | – |
|
|
SCM
2
Shaolin Capital Management
Miami,
Florida
| $5.35M | – | – | – |
|
|
RCM
3
Rivernorth Capital Management
West Palm Beach,
Florida
| $2.63M | -$41.5K | -4,032 | -2% |
|
|
YCM
4
Yakira Capital Management
Westport,
Connecticut
| $2.41M | – | – | – |
|
|
BCM
5
Basso Capital Management
Stamford,
Connecticut
| $2.22M | +$177K | +17,250 | +9% |
|
6
Walleye Trading
New York
| $1.59M | -$23.6K | -2,292 | -2% |
|
|
CCM
7
Context Capital Management
Lajolla,
California
| $632K | – | – | – |
|
|
PC
8
Periscope Capital
Toronto,
Ontario, Canada
| $553K | -$1.18M | -115,000 | -69% |
|
|
AC
9
Aristides Capital
Louisville,
Kentucky
| $428K | – | – | – |
|
10
UBS Group
Zurich,
Switzerland
| $12K | -$4.11K | -400 | -26% |
|
|
TRCT
11
Tower Research Capital (TRC)
New York
| $1K | +$1.03K | +100 | +909% |
|
|
12
D.E. Shaw & Co
New York
| – | -$2.67M | -272,120 | Closed |
|
|
MTCM
13
Mint Tower Capital Management
Amsterdam,
Netherlands
| – | -$2.16M | -213,727 | Closed |
|
|
MAM
14
Myriad Asset Management
North Point,
Hong Kong
| – | -$505K | -50,000 | Closed |
|
THCBU Hedge Fund Activity: Q2 2020 in Review
11 of the 4,877 institutional investors tracked by Wall St. Rank reported a position in Tuscan Holdings Corp. Unit (THCBU) for Q2 2020, worth a combined $25.2M — down 17% from $30.2M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of THCBU and 0 opened new positions — a net loss of 3 holders — while 4 trimmed existing stakes and 2 added.
The largest buyer was Basso Capital Management, adding an estimated $177K. The largest seller was D.E. Shaw & Co, exiting entirely with an estimated $2.67M sold.
- 11 institutional investors held Tuscan Holdings Corp. Unit (THCBU) as of Q2 2020, down from 14 in Q1 2020.
- Funds reported $25.2M of Tuscan Holdings Corp. Unit stock for Q2 2020, down 17% quarter-over-quarter.
- 0 funds opened new Tuscan Holdings Corp. Unit positions in Q2 2020 and 3 closed out, a net change of -3 holders.
- The largest Tuscan Holdings Corp. Unit buyer in Q2 2020 was Basso Capital Management, an estimated $177K added.
- The largest Tuscan Holdings Corp. Unit seller in Q2 2020 was D.E. Shaw & Co, an estimated $2.67M sold.
Based on aggregated 13F filings for Q2 2020.