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 36 closing their positions.
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
52% less funds holding
Funds holding: 48 → 23 (-25)
61% less capital invested
Capital invested by funds: $171M → $67M (-$104M)
69% less first-time investments, than exits
New positions opened: 11 | Existing positions closed: 36
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$6.35M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$4.99M |
| 3 |
BFM
Boothbay Fund Management
New York
|
+$3.94M |
| 4 |
MSU
Mizuho Securities USA
New York
|
+$3.89M |
| 5 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$2.66M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 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 |
TRCA Hedge Fund Activity: Q1 2023 in Review
23 of the 6,283 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 61% from $171M a quarter earlier.
Sellers outnumbered buyers: 36 funds closed out of TRCA and 11 opened new positions — a net loss of 25 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 48 in Q4 2022.
- Funds reported $67M of Twin Ridge Capital Acquisition Corp. stock for Q1 2023, down 61% quarter-over-quarter.
- 11 funds opened new Twin Ridge Capital Acquisition Corp. positions in Q1 2023 and 36 closed out, a net change of -25 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.