Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of
TRNE.U
TRNE.U was delisted on the 9th of December, 2020.
23 hedge funds and large institutions have $64.4M invested in Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of in 2019 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 6 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
21% less funds holding
Funds holding: 29 → 23 (-6)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
48% less capital invested
Capital invested by funds: $124M → $64.4M (-$59.6M)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.91M |
| 2 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$1.27M |
| 3 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$509K |
| 4 |
Walleye Trading
New York
|
+$229K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$24.2M |
| 2 |
OP
Omni Partners
London,
United Kingdom
|
-$22.2M |
| 3 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$5.05M |
| 4 |
GCL
Glazer Capital LLC
New York
|
-$3.48M |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$2.85M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCM
26
BlueCrest Capital Management
St Helier,
Jersey
| – | -$5.05M | -500,000 | Closed |
|
|
GCL
27
Glazer Capital LLC
New York
| – | -$3.48M | -344,655 | Closed |
|
28
Geode Capital Management
Boston,
Massachusetts
| – | -$2.01M | -200,000 | Closed |
|
29
Citadel Advisors
Miami,
Florida
| – | -$170K | -16,783 | Closed |
|
TRNE.U Hedge Fund Activity: Q3 2019 in Review
23 of the 4,561 institutional investors tracked by Wall St. Rank reported a position in Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of (TRNE.U) for Q3 2019, worth a combined $64.4M — down 48% from $124M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of TRNE.U and 2 opened new positions — a net loss of 4 holders — while 6 trimmed existing stakes and 4 added.
The largest buyer was Wolverine Asset Management, adding an estimated $1.91M. The largest seller was Polar Asset Management Partners, exiting entirely with an estimated $24.2M sold.
- 23 institutional investors held Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of (TRNE.U) as of Q3 2019, down from 29 in Q2 2019.
- Funds reported $64.4M of Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of stock for Q3 2019, down 48% quarter-over-quarter.
- 2 funds opened new Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of positions in Q3 2019 and 6 closed out, a net change of -4 holders.
- The largest Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of buyer in Q3 2019 was Wolverine Asset Management, an estimated $1.91M added.
- The largest Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of seller in Q3 2019 was Polar Asset Management Partners, an estimated $24.2M sold.
Based on aggregated 13F filings for Q3 2019.