Twin Ridge Capital Acquisition Corp.
TRCA
TRCA was delisted on the 2nd of November, 2023.
17 hedge funds and large institutions have $48.5M invested in Twin Ridge Capital Acquisition Corp. in 2023 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 1 reducing their positions, and 6 closing their positions.
300% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 1
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
19% less funds holding
Funds holding: 21 → 17 (-4)
25% less capital invested
Capital invested by funds: $64.3M → $48.5M (-$15.8M)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Clear Street
New York
|
+$1.85M |
| 2 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$1.23M |
| 3 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$1.19M |
| 4 |
CAC
Cowen and Company
New York
|
+$32.1K |
| 5 |
Fifth Third Bancorp
Cincinnati,
Ohio
|
+$31.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$4.82M |
| 2 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$4.13M |
| 3 |
MSU
Mizuho Securities USA
New York
|
-$2.63M |
| 4 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
-$2.3M |
| 5 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$2.14M |
TRCA Hedge Fund Activity: Q3 2023 in Review
17 of the 6,310 institutional investors tracked by Wall St. Rank reported a position in Twin Ridge Capital Acquisition Corp. (TRCA) for Q3 2023, worth a combined $48.5M — down 25% from $64.3M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of TRCA and 2 opened new positions — a net loss of 4 holders — while 1 trimmed existing stakes and 4 added.
The largest buyer was Clear Street, adding an estimated $1.85M. The largest seller was Radcliffe Capital Management, exiting entirely with an estimated $4.82M sold.
- 17 institutional investors held Twin Ridge Capital Acquisition Corp. (TRCA) as of Q3 2023, down from 21 in Q2 2023.
- Funds reported $48.5M of Twin Ridge Capital Acquisition Corp. stock for Q3 2023, down 25% quarter-over-quarter.
- 2 funds opened new Twin Ridge Capital Acquisition Corp. positions in Q3 2023 and 6 closed out, a net change of -4 holders.
- The largest Twin Ridge Capital Acquisition Corp. buyer in Q3 2023 was Clear Street, an estimated $1.85M added.
- The largest Twin Ridge Capital Acquisition Corp. seller in Q3 2023 was Radcliffe Capital Management, an estimated $4.82M sold.
Based on aggregated 13F filings for Q3 2023.