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.
19 hedge funds and large institutions have $13.5M 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 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 5 reducing their positions, and 3 closing their positions.
5% less funds holding
Funds holding: 20 → 19 (-1)
31% less capital invested
Capital invested by funds: $19.4M → $13.5M (-$5.94M)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
80% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Clear Street
New York
|
+$8.55K |
| 2 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
+$6.39K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$4.96M |
| 2 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$1.06M |
| 3 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
-$111K |
| 4 |
EFI
EHP Funds Inc
Toronto,
Canada
|
-$99.8K |
| 5 |
Jane Street
New York
|
-$63K |
TRCA.U Hedge Fund Activity: Q4 2022 in Review
19 of the 6,222 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 Q4 2022, worth a combined $13.5M — down 31% from $19.4M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of TRCA.U and 2 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 1 added.
The largest buyer was Clear Street, opening a new position worth an estimated $8.55K. The largest seller was HGC Investment Management, exiting entirely with an estimated $4.96M sold.
- 19 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 Q4 2022, down from 20 in Q3 2022.
- Funds reported $13.5M of Twin Ridge Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant stock for Q4 2022, down 31% quarter-over-quarter.
- 2 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 Q4 2022 and 3 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 Q4 2022 was Clear Street, an estimated $8.55K 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 Q4 2022 was HGC Investment Management, an estimated $4.96M sold.
Based on aggregated 13F filings for Q4 2022.