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.
20 hedge funds and large institutions have $19.4M 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 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 5 closing their positions.
17% less funds holding
Funds holding: 24 → 20 (-4)
33% less capital invested
Capital invested by funds: $28.9M → $19.4M (-$9.44M)
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
80% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$134K |
| 2 |
Jane Street
New York
|
+$62.3K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$11.8K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$4.93M |
| 2 |
Calamos Advisors
Naperville,
Illinois
|
-$2.46M |
| 3 |
IPCP
Iron Park Capital Partners
New York
|
-$982K |
| 4 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
-$692K |
| 5 |
Janus Henderson Group
London,
United Kingdom
|
-$440K |
TRCA.U Hedge Fund Activity: Q3 2022 in Review
20 of the 5,806 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 2022, worth a combined $19.4M — down 33% from $28.9M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of TRCA.U and 1 opened new positions — a net loss of 4 holders — while 6 trimmed existing stakes and 2 added.
The largest buyer was Cubist Systematic Strategies, opening a new position worth an estimated $134K. The largest seller was HGC Investment Management, cutting an estimated $4.93M.
- 20 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 2022, down from 24 in Q2 2022.
- Funds reported $19.4M 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 2022, down 33% 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 Q3 2022 and 5 closed out, a net change of -4 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 Q3 2022 was Cubist Systematic Strategies, an estimated $134K 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 2022 was HGC Investment Management, an estimated $4.93M sold.
Based on aggregated 13F filings for Q3 2022.