Twin Ridge Capital Acquisition Corp.
TRCA
TRCA was delisted on the 2nd of November, 2023.
23 hedge funds and large institutions have $67M invested in Twin Ridge Capital Acquisition Corp. in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 35 closing their positions.
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
51% less funds holding
Funds holding: 47 → 23 (-24)
60% less capital invested
Capital invested by funds: $168M → $67M (-$101M)
69% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 35
Top Buyers
Top Sellers
| 1 |
GCL
Glazer Capital LLC
New York
|
-$11.2M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$10.5M |
| 3 |
Millennium Management
New York
|
-$10.3M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$9.47M |
| 5 |
D.E. Shaw & Co
New York
|
-$8.47M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SCM
51
Segantii Capital Management
Hong Kong
| – | -$505K | -50,000 | Closed |
|
52
Bank of Nova Scotia
Toronto,
Ontario, Canada
| – | -$504K | -49,998 | Closed |
|
|
WA
53
Whitebox Advisors
Minneapolis,
Minnesota
| – | -$464K | -46,000 | Closed |
|
54
Janus Henderson Group
London,
United Kingdom
| – | -$452K | -44,739 | Closed |
|
|
SIA
55
Schechter Investment Advisors
Birmingham,
Michigan
| – | -$253K | -25,100 | Closed |
|
|
VF
56
Virtu Financial
New York
| – | -$221K | -21,933 | Closed |
|
57
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
| – | -$215K | -21,261 | Closed |
|
|
AA
58
AQR Arbitrage
Greenwich,
Connecticut
| – | -$122K | -12,108 | Closed |
|
TRCA Hedge Fund Activity: Q1 2023 in Review
23 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Twin Ridge Capital Acquisition Corp. (TRCA) for Q1 2023, worth a combined $67M — down 60% from $168M a quarter earlier.
Sellers outnumbered buyers: 35 funds closed out of TRCA and 11 opened new positions — a net loss of 24 holders — while 7 trimmed existing stakes and 4 added.
The largest buyer was Meteora Capital, opening a new position worth an estimated $6.35M. The largest seller was Glazer Capital LLC, cutting an estimated $11.2M.
- 23 institutional investors held Twin Ridge Capital Acquisition Corp. (TRCA) as of Q1 2023, down from 47 in Q4 2022.
- Funds reported $67M of Twin Ridge Capital Acquisition Corp. stock for Q1 2023, down 60% quarter-over-quarter.
- 11 funds opened new Twin Ridge Capital Acquisition Corp. positions in Q1 2023 and 35 closed out, a net change of -24 holders.
- The largest Twin Ridge Capital Acquisition Corp. buyer in Q1 2023 was Meteora Capital, an estimated $6.35M added.
- The largest Twin Ridge Capital Acquisition Corp. seller in Q1 2023 was Glazer Capital LLC, an estimated $11.2M sold.
Based on aggregated 13F filings for Q1 2023.