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.
34 hedge funds and large institutions have $53.6M 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 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 3 reducing their positions, and 5 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 3
3% less funds holding
Funds holding: 35 → 34 (-1)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
20% less capital invested
Capital invested by funds: $67.3M → $53.6M (-$13.7M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PP
Paloma Partners
Greenwich,
Connecticut
|
+$497K |
| 2 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
+$249K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$203K |
| 4 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
+$27.4K |
| 5 |
BFM
Boothbay Fund Management
New York
|
+$9.84K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$8.44M |
| 2 |
Millennium Management
New York
|
-$3.75M |
| 3 |
D.E. Shaw & Co
New York
|
-$3.07M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$500K |
| 5 |
GCL
Glazer Capital LLC
New York
|
-$453K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MFM
26
MHR Fund Management
New York
| $99K | – | – | – |
|
27
Fifth Third Bancorp
Cincinnati,
Ohio
| $59K | – | – | – |
|
|
WAM
28
Wolverine Asset Management
Chicago,
Illinois
| $29K | +$308 | +31 | +1% |
|
29
UBS Group
Zurich,
Switzerland
| $4K | +$4.48K | +450 | New |
|
|
CIM
30
Cowen Investment Management
New York
| $3.48K | – | – | – |
|
|
PMAM
31
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
| $1K | – | – | – |
|
32
Walleye Capital
New York
| $705 | – | – | – |
|
|
33
Millennium Management
New York
| – | -$3.75M | -375,001 | Closed |
|
|
34
D.E. Shaw & Co
New York
| – | -$3.07M | -306,948 | Closed |
|
|
AA
35
AQR Arbitrage
Greenwich,
Connecticut
| – | -$500K | -50,000 | Closed |
|
|
CCM
36
CAAS Capital Management
New York
| – | -$246K | -24,600 | Closed |
|
|
EC
37
EJF Capital
Arlington,
Virginia
| – | -$150K | -15,000 | Closed |
|
TRCA.U Hedge Fund Activity: Q3 2021 in Review
34 of the 5,713 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 Q3 2021, worth a combined $53.6M — down 20% from $67.3M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of TRCA.U and 4 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 3 added.
The largest buyer was Paloma Partners, opening a new position worth an estimated $497K. The largest seller was Periscope Capital, cutting an estimated $8.44M.
- 34 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 Q3 2021, down from 35 in Q2 2021.
- Funds reported $53.6M of Twin Ridge Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant stock for Q3 2021, down 20% quarter-over-quarter.
- 4 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 Q3 2021 and 5 closed out, a net change of -1 holder.
- 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 Q3 2021 was Paloma Partners, an estimated $497K 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 Q3 2021 was Periscope Capital, an estimated $8.44M sold.
Based on aggregated 13F filings for Q3 2021.