Trine II Acquisition Corp.
TRAQ
TRAQ was delisted on the 1st of May, 2023.
60 hedge funds and large institutions have $352M invested in Trine II Acquisition Corp. in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 9 increasing their positions, 10 reducing their positions, and 9 closing their positions.
13% more capital invested
Capital invested by funds: $313M → $352M (+$39.2M)
3% less funds holding
Funds holding: 62 → 60 (-2)
10% less repeat investments, than reductions
Existing positions increased: 9 | Existing positions reduced: 10
11% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$40.1M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$18.7M |
| 3 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$17.2M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$8.93M |
| 5 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$8.65M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$21.1M |
| 2 |
HCM
Highbridge Capital Management
New York
|
-$19.7M |
| 3 |
TCA
Taconic Capital Advisors
New York
|
-$14.9M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$12.6M |
| 5 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$3.83M |
TRAQ Hedge Fund Activity: Q1 2023 in Review
60 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Trine II Acquisition Corp. (TRAQ) for Q1 2023, worth a combined $352M — up 13% from $313M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of TRAQ and 8 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 9 added.
The largest buyer was First Trust Capital Management, adding an estimated $40.1M. The largest seller was Millennium Management, exiting entirely with an estimated $21.1M sold.
- 60 institutional investors held Trine II Acquisition Corp. (TRAQ) as of Q1 2023, down from 62 in Q4 2022.
- Funds reported $352M of Trine II Acquisition Corp. stock for Q1 2023, up 13% quarter-over-quarter.
- 8 funds opened new Trine II Acquisition Corp. positions in Q1 2023 and 9 closed out, a net change of -1 holder.
- The largest Trine II Acquisition Corp. buyer in Q1 2023 was First Trust Capital Management, an estimated $40.1M added.
- The largest Trine II Acquisition Corp. seller in Q1 2023 was Millennium Management, an estimated $21.1M sold.
Based on aggregated 13F filings for Q1 2023.