Twin Ridge Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
TRCA.U
TRCA.U was delisted on the 2nd of November, 2023.
35 hedge funds and large institutions have $67.3M invested in Twin Ridge Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 32 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
45% less funds holding
Funds holding: 64 → 35 (-29)
62% less capital invested
Capital invested by funds: $176M → $67.3M (-$109M)
91% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 32
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$4.96M |
| 2 |
CIM
Cowen Investment Management
New York
|
+$3.25M |
| 3 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$1.24M |
| 4 |
SRF
Silver Rock Financial
Los Angeles,
California
|
+$926K |
| 5 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
+$885K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$9.24M |
| 2 |
Goldman Sachs
New York
|
-$9.2M |
| 3 |
HI
HBK Investments
Dallas,
Texas
|
-$7.46M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$7.46M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$6.96M |
TRCA.U Hedge Fund Activity: Q2 2021 in Review
35 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in Twin Ridge Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant (TRCA.U) for Q2 2021, worth a combined $67.3M — down 62% from $176M a quarter earlier.
Sellers outnumbered buyers: 32 funds closed out of TRCA.U and 3 opened new positions — a net loss of 29 holders — while 8 trimmed existing stakes and 8 added.
The largest buyer was Periscope Capital, adding an estimated $4.96M. The largest seller was Millennium Management, cutting an estimated $9.24M.
- 35 institutional investors held Twin Ridge Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant (TRCA.U) as of Q2 2021, down from 64 in Q1 2021.
- Funds reported $67.3M of Twin Ridge Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant stock for Q2 2021, down 62% quarter-over-quarter.
- 3 funds opened new Twin Ridge Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant positions in Q2 2021 and 32 closed out, a net change of -29 holders.
- The largest Twin Ridge Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant buyer in Q2 2021 was Periscope Capital, an estimated $4.96M added.
- The largest Twin Ridge Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant seller in Q2 2021 was Millennium Management, an estimated $9.24M sold.
Based on aggregated 13F filings for Q2 2021.