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.
3 hedge funds and large institutions have $109K invested in Twin Ridge Capital Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant in 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 0 increasing their positions, 0 reducing their positions, and 17 closing their positions.
84% less funds holding
Funds holding: 19 → 3 (-16)
94% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 17
99% less capital invested
Capital invested by funds: $13.5M → $109K (-$13.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$47.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCL
Bracebridge Capital LLC
Boston,
Massachusetts
|
-$4.28M |
| 2 |
CIM
Cowen Investment Management
New York
|
-$3.52M |
| 3 |
Jane Street
New York
|
-$1.61M |
| 4 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
-$1.05M |
| 5 |
HF
HRT Financial
New York
|
-$756K |
TRCA.U Hedge Fund Activity: Q1 2023 in Review
3 of the 6,276 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 2023, worth a combined $109K — down 99% from $13.5M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of TRCA.U and 1 opened new positions — a net loss of 16 holders — while 0 trimmed existing stakes and 0 added.
The largest buyer was Spartan Fund Management, opening a new position worth an estimated $47.9K. The largest seller was Bracebridge Capital LLC, exiting entirely with an estimated $4.28M sold.
- 3 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 2023, down from 19 in Q4 2022.
- Funds reported $109K 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 2023, down 99% 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 2023 and 17 closed out, a net change of -16 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 2023 was Spartan Fund Management, an estimated $47.9K 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 2023 was Bracebridge Capital LLC, an estimated $4.28M sold.
Based on aggregated 13F filings for Q1 2023.