Trine II Acquisition Corp. Units, each consisting of one Class A Ordinary Share and one-half of one redeemable warrant
TRAQ.U
TRAQ.U was delisted on the 1st of May, 2023.
10 hedge funds and large institutions have $40.2M invested in Trine II Acquisition Corp. Units, each consisting of one Class A Ordinary Share and one-half of one redeemable warrant in 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 1 reducing their positions, and 3 closing their positions.
1% more capital invested
Capital invested by funds: $39.7M → $40.2M (+$478K)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 1
9% less funds holding
Funds holding: 11 → 10 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
+$104K |
| 2 |
VF
Virtu Financial
New York
|
+$75.1K |
| 3 |
CS
Clear Street
New York
|
+$2.34K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$514K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$18.7K |
| 3 |
Morgan Stanley
New York
|
-$5.14K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$5.13K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCMU
1
MIC Capital Management (UK)
London,
United Kingdom
| $31.2M | – | – | – |
|
|
SIM
2
Sandia Investment Management
Boston,
Massachusetts
| $4.8M | – | – | – |
|
|
BFM
3
Boothbay Fund Management
New York
| $1.71M | – | – | – |
|
4
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
| $1.05M | – | – | – |
|
|
SRF
5
Silver Rock Financial
Los Angeles,
California
| $904K | – | – | – |
|
|
VF
6
Virtu Financial
New York
| $233K | +$75.1K | +7,219 | +48% |
|
|
7
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| $190K | -$18.7K | -1,801 | -9% |
|
|
SMA
8
Sage Mountain Advisors
Atlanta,
Georgia
| $105K | +$104K | +10,000 | New |
|
|
TRCT
9
Tower Research Capital (TRC)
New York
| $4K | – | – | – |
|
|
CS
10
Clear Street
New York
| $2.36K | +$2.34K | +225 | New |
|
|
11
Millennium Management
New York
| – | -$514K | -50,000 | Closed |
|
|
12
Morgan Stanley
New York
| – | -$5.14K | -500 | Closed |
|
|
13
UBS Group
Zurich,
Switzerland
| – | -$5.13K | -499 | Closed |
|
TRAQ.U Hedge Fund Activity: Q1 2023 in Review
10 of the 6,276 institutional investors tracked by Wall St. Rank reported a position in Trine II Acquisition Corp. Units, each consisting of one Class A Ordinary Share and one-half of one redeemable warrant (TRAQ.U) for Q1 2023, worth a combined $40.2M — up 1.2% from $39.7M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of TRAQ.U and 2 opened new positions — a net loss of 1 holder — while 1 trimmed existing stakes and 1 added.
The largest buyer was Sage Mountain Advisors, opening a new position worth an estimated $104K. The largest seller was Millennium Management, exiting entirely with an estimated $514K sold.
- 10 institutional investors held Trine II Acquisition Corp. Units, each consisting of one Class A Ordinary Share and one-half of one redeemable warrant (TRAQ.U) as of Q1 2023, down from 11 in Q4 2022.
- Funds reported $40.2M of Trine II Acquisition Corp. Units, each consisting of one Class A Ordinary Share and one-half of one redeemable warrant stock for Q1 2023, up 1.2% quarter-over-quarter.
- 2 funds opened new Trine II Acquisition Corp. Units, each consisting of one Class A Ordinary Share and one-half of one redeemable warrant positions in Q1 2023 and 3 closed out, a net change of -1 holder.
- The largest Trine II Acquisition Corp. Units, each consisting of one Class A Ordinary Share and one-half of one redeemable warrant buyer in Q1 2023 was Sage Mountain Advisors, an estimated $104K added.
- The largest Trine II Acquisition Corp. Units, each consisting of one Class A Ordinary Share and one-half of one redeemable warrant seller in Q1 2023 was Millennium Management, an estimated $514K sold.
Based on aggregated 13F filings for Q1 2023.