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THCBU

Tuscan Holdings Corp. Unit
THCBU

Delisted

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

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8 hedge funds and large institutions have $8.2M invested in Tuscan Holdings Corp. Unit in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 1 increasing their positions, 3 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

27% less funds holding

Funds holding: 11 → 8 (-3)

50% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 6

67% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 3

68% less capital invested

Capital invested by funds: $25.2M → $8.2M (-$17M)

Holders
8
Holders Change
-3
Holders Change %
-27.27%
% of All Funds
0.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
1
Reduced
3
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MTCM
Mint Tower Capital Management
Netherlands
+$2.27M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$116K
3
FIA
FNY Investment Advisers
New York
+$5.32K
4
UBS Group
UBS Group
Switzerland
+$1.5K

Top Sellers

Rank Fund Capital Flow
1
CCA
Castle Creek Arbitrage
Colorado
-$9.39M
2
YCM
Yakira Capital Management
Connecticut
-$2.41M
3
RCM
Rivernorth Capital Management
Florida
-$2.27M
4
BCM
Basso Capital Management
Connecticut
-$2.09M
5
Walleye Trading
Walleye Trading
New York
-$1.59M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
1
Shaolin Capital Management
Florida
$5.33M – – –
MTCM
2
Mint Tower Capital Management
Netherlands
$2.28M +$2.27M +213,727 New
RCM
3
Rivernorth Capital Management
Florida
$344K -$2.27M -213,743 -87%
BCM
4
Basso Capital Management
Connecticut
$113K -$2.09M -196,865 -95%
Susquehanna International Group
5
Susquehanna International Group
Pennsylvania
$112K +$116K +10,865 New
UBS Group
6
UBS Group
Switzerland
$13K +$1.5K +141 +12%
FIA
7
FNY Investment Advisers
New York
$5K +$5.32K +500 New
CCA
8
Castle Creek Arbitrage
Colorado
– -$9.39M -877,904 Closed
YCM
9
Yakira Capital Management
Connecticut
– -$2.41M -225,000 Closed
Walleye Trading
10
Walleye Trading
New York
– -$1.59M -148,809 Closed
CCM
11
Context Capital Management
California
– -$632K -59,100 Closed
PC
12
Periscope Capital
Ontario, Canada
– -$553K -51,700 Closed
AC
13
Aristides Capital
Kentucky
– -$428K -40,000 Closed
TRCT
14
Tower Research Capital (TRC)
New York
– -$1.06K -100 -90%

THCBU Hedge Fund Activity: Q3 2020 in Review

8 of the 4,956 institutional investors tracked by Wall St. Rank reported a position in Tuscan Holdings Corp. Unit (THCBU) for Q3 2020, worth a combined $8.2M — down 68% from $25.2M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of THCBU and 3 opened new positions — a net loss of 3 holders — while 3 trimmed existing stakes and 1 added.

The largest buyer was Mint Tower Capital Management, opening a new position worth an estimated $2.27M. The largest seller was Castle Creek Arbitrage, exiting entirely with an estimated $9.39M sold.

  • 8 institutional investors held Tuscan Holdings Corp. Unit (THCBU) as of Q3 2020, down from 11 in Q2 2020.
  • Funds reported $8.2M of Tuscan Holdings Corp. Unit stock for Q3 2020, down 68% quarter-over-quarter.
  • 3 funds opened new Tuscan Holdings Corp. Unit positions in Q3 2020 and 6 closed out, a net change of -3 holders.
  • The largest Tuscan Holdings Corp. Unit buyer in Q3 2020 was Mint Tower Capital Management, an estimated $2.27M added.
  • The largest Tuscan Holdings Corp. Unit seller in Q3 2020 was Castle Creek Arbitrage, an estimated $9.39M sold.

Based on aggregated 13F filings for Q3 2020.