Twin Ridge Capital Acquisition Corp.
TRCA
TRCA was delisted on the 2nd of November, 2023.
21 hedge funds and large institutions have $64.3M invested in Twin Ridge Capital Acquisition Corp. in 2023 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 7 reducing their positions, and 5 closing their positions.
4% less capital invested
Capital invested by funds: $67M → $64.3M (-$2.74M)
9% less funds holding
Funds holding: 23 → 21 (-2)
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
71% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 7
86% less call options, than puts
Call options by funds: $307K | Put options by funds: $2.14M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$4.03M |
| 2 |
KL
KIM LLC
Wichita,
Kansas
|
+$1.93M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$1.57M |
| 4 |
FTCM
Fir Tree Capital Management
New York
|
+$1.4M |
| 5 |
CS
Clear Street
New York
|
+$84 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
-$2.59M |
| 2 |
BFM
Boothbay Fund Management
New York
|
-$2.56M |
| 3 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$2.4M |
| 4 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$2.09M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1.85M |
TRCA Hedge Fund Activity: Q2 2023 in Review
21 of the 6,383 institutional investors tracked by Wall St. Rank reported a position in Twin Ridge Capital Acquisition Corp. (TRCA) for Q2 2023, worth a combined $64.3M — down 4.1% from $67M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of TRCA and 3 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 2 added.
The largest buyer was Mangrove Partners, opening a new position worth an estimated $4.03M. The largest seller was Meteora Capital, cutting an estimated $2.59M.
- 21 institutional investors held Twin Ridge Capital Acquisition Corp. (TRCA) as of Q2 2023, down from 23 in Q1 2023.
- Funds reported $64.3M of Twin Ridge Capital Acquisition Corp. stock for Q2 2023, down 4.1% quarter-over-quarter.
- 3 funds opened new Twin Ridge Capital Acquisition Corp. positions in Q2 2023 and 5 closed out, a net change of -2 holders.
- The largest Twin Ridge Capital Acquisition Corp. buyer in Q2 2023 was Mangrove Partners, an estimated $4.03M added.
- The largest Twin Ridge Capital Acquisition Corp. seller in Q2 2023 was Meteora Capital, an estimated $2.59M sold.
Based on aggregated 13F filings for Q2 2023.