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.
29 hedge funds and large institutions have $127M invested in Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of in 2019 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 16 closing their positions.
31% less funds holding
Funds holding: 42 → 29 (-13)
46% less capital invested
Capital invested by funds: $234M → $127M (-$107M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
81% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Myriad Asset Management
North Point,
Hong Kong
|
+$5.04M |
| 2 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
+$3.29M |
| 3 |
OP
Omni Partners
London,
United Kingdom
|
+$2.22M |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$2.02M |
| 5 |
CI
Cowen Inc
New York
|
+$1.47M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$23M |
| 2 |
HCM
Highbridge Capital Management
New York
|
-$15M |
| 3 |
LA
Linden Advisors
New York
|
-$12M |
| 4 |
FIG
Fortress Investment Group
New York
|
-$10.8M |
| 5 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$10.5M |
TRNE.U Hedge Fund Activity: Q2 2019 in Review
29 of the 4,625 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 Q2 2019, worth a combined $127M — down 46% from $234M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of TRNE.U and 3 opened new positions — a net loss of 13 holders — while 11 trimmed existing stakes and 5 added.
The largest buyer was Myriad Asset Management, opening a new position worth an estimated $5.04M. The largest seller was AQR Arbitrage, exiting entirely with an estimated $23M sold.
- 29 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 Q2 2019, down from 42 in Q1 2019.
- Funds reported $127M of Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of stock for Q2 2019, down 46% quarter-over-quarter.
- 3 funds opened new Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of positions in Q2 2019 and 16 closed out, a net change of -13 holders.
- The largest Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of buyer in Q2 2019 was Myriad Asset Management, an estimated $5.04M added.
- The largest Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of seller in Q2 2019 was AQR Arbitrage, an estimated $23M sold.
Based on aggregated 13F filings for Q2 2019.