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TRCA.U

Twin Ridge Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
TRCA.U

Delisted

TRCA.U was delisted on the 2nd of November, 2023.

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35 hedge funds and large institutions have $74.1M 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.

New
Increased
Maintained
Reduced
Closed

0% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 8

45% less funds holding

Funds holding: 64 → 35 (-29)

58% less capital invested

Capital invested by funds: $177M → $74.1M (-$103M)

91% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 32

Holders
35
Holders Change
-29
Holders Change %
-45.31%
% of All Funds
0.61%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
3
Increased
8
Reduced
8
Closed
32
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
PC
Periscope Capital
Ontario, Canada
+$4.96M
2
CIM
Cowen Investment Management
New York
+$3.25M
3
WC
Wealthspring Capital
New York
+$1.24M
4
SRF
Silver Rock Financial
California
+$926K
5
SMA
Sage Mountain Advisors
Georgia
+$885K

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$9.24M
2
Goldman Sachs
Goldman Sachs
New York
-$9.2M
3
HI
HBK Investments
Texas
-$7.46M
4
PAMP
Polar Asset Management Partners
Ontario, Canada
-$7.46M
5
KIM
Karpus Investment Management
New York
-$6.96M

TRCA.U Hedge Fund Activity: Q2 2021 in Review

35 of the 5,768 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 $74.1M — down 58% from $177M 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 $74.1M 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 58% 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.