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.
17 hedge funds and large institutions have $41.1M invested in Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of in 2020 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 5 reducing their positions, and 6 closing their positions.
20% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 5
26% less funds holding
Funds holding: 23 → 17 (-6)
34% less capital invested
Capital invested by funds: $62.2M → $41.1M (-$21.1M)
83% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
+$897K |
| 2 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$253K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$164K |
| 4 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$14.6K |
| 5 |
Walleye Capital
New York
|
+$13K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Cowen Investment Management
New York
|
-$4.7M |
| 2 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$4.42M |
| 3 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$2.68M |
| 4 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
-$2.01M |
| 5 |
CAC
Cowen and Company
New York
|
-$1.39M |
TRNE.U Hedge Fund Activity: Q1 2020 in Review
17 of the 4,547 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 Q1 2020, worth a combined $41.1M — down 34% from $62.2M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of TRNE.U and 1 opened new positions — a net loss of 5 holders — while 5 trimmed existing stakes and 4 added.
The largest buyer was Radcliffe Capital Management, opening a new position worth an estimated $897K. The largest seller was Cowen Investment Management, exiting entirely with an estimated $4.7M sold.
- 17 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 Q1 2020, down from 23 in Q4 2019.
- Funds reported $41.1M of Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of stock for Q1 2020, down 34% quarter-over-quarter.
- 1 fund opened new Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of positions in Q1 2020 and 6 closed out, a net change of -5 holders.
- The largest Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of buyer in Q1 2020 was Radcliffe Capital Management, an estimated $897K added.
- The largest Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of seller in Q1 2020 was Cowen Investment Management, an estimated $4.7M sold.
Based on aggregated 13F filings for Q1 2020.