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.
24 hedge funds and large institutions have $29.6M invested in Twin Ridge Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant in 2022 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 7 closing their positions.
20% less funds holding
Funds holding: 30 → 24 (-6)
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
40% less capital invested
Capital invested by funds: $49.6M → $29.6M (-$20M)
86% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$119K |
| 2 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$15.3K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$6.92K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$9.88M |
| 2 |
GCL
Glazer Capital LLC
New York
|
-$8.43M |
| 3 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$988K |
| 4 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
-$247K |
| 5 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$139K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
26
State of Wisconsin Investment Board
Madison,
Wisconsin
| – | -$247K | -25,002 | Closed |
|
|
WCA
27
Waratah Capital Advisors
Toronto,
Ontario, Canada
| – | -$124K | -12,562 | Closed |
|
|
CS
28
Clear Street
New York
| – | -$48K | -4,860 | Closed |
|
TRCA.U Hedge Fund Activity: Q1 2022 in Review
24 of the 6,341 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 Q1 2022, worth a combined $29.6M — down 40% from $49.6M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of TRCA.U and 1 opened new positions — a net loss of 6 holders — while 3 trimmed existing stakes and 2 added.
The largest buyer was AQR Arbitrage, opening a new position worth an estimated $119K. The largest seller was Aristeia Capital, exiting entirely with an estimated $9.88M sold.
- 24 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 Q1 2022, down from 30 in Q4 2021.
- Funds reported $29.6M of Twin Ridge Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant stock for Q1 2022, down 40% quarter-over-quarter.
- 1 fund 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 Q1 2022 and 7 closed out, a net change of -6 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 Q1 2022 was AQR Arbitrage, an estimated $119K 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 Q1 2022 was Aristeia Capital, an estimated $9.88M sold.
Based on aggregated 13F filings for Q1 2022.