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TRTL

TortoiseEcofin Acquisition Corp. III
TRTL

Delisted

TRTL was delisted on the 22nd of July, 2024.

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33 hedge funds and large institutions have $183M invested in TortoiseEcofin Acquisition Corp. III in 2023 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 5 increasing their positions, 15 reducing their positions, and 25 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 4 → 4 (0)

35% less funds holding

Funds holding: 51 → 33 (-18)

49% less capital invested

Capital invested by funds: $359M → $183M (-$176M)

64% less first-time investments, than exits

New positions opened: 9 | Existing positions closed: 25

67% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 15

Holders
33
Holders Change
-18
Holders Change %
-35.29%
% of All Funds
0.48%
Holding in Top 10
4
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
9
Increased
5
Reduced
15
Closed
25
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MC
Meteora Capital
Florida
+$10.6M
2
MSU
Mizuho Securities USA
New York
+$9.48M
3
KL
KIM LLC
Kansas
+$6.33M
4
QL
Quarry LP
New York
+$2.9M
5
CC
Centiva Capital
New York
+$2.11M

Top Sellers

Rank Fund Capital Flow
1
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$28.3M
2
AC
Aristeia Capital
Connecticut
-$23.7M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$22.4M
4
Bank of Montreal
Bank of Montreal
Ontario, Canada
-$16.9M
5
SIM
Sandia Investment Management
Massachusetts
-$14.1M
Name Holding Trade Value Shares
Change 		Change in
Stake
BCM
26
BCK Capital Management
Connecticut
$986K +$980K +92,835 New
TCM
27
Tuttle Capital Management
Connecticut
$712K – – –
GCL
28
Glazer Capital LLC
New York
$599K +$595K +56,405 New
BI
29
Bulldog Investors
New Jersey
$427K -$4.43K -420 -1%
WAM
30
Wolverine Asset Management
Illinois
$355K -$3.19M -302,765 -90%
LA
31
Linden Advisors
New York
$319K -$13.9M -1,320,000 -90%
Susquehanna International Group
32
Susquehanna International Group
Pennsylvania
$254K +$253K +23,946 New
CS
33
Clear Street
New York
$839 -$136K -12,921 -99%
Adage Capital Partners
34
Adage Capital Partners
Massachusetts
– -$28.3M -2,700,000 Closed
Bank of Montreal
35
Bank of Montreal
Ontario, Canada
– -$16.9M -1,601,798 Closed
Millennium Management
36
Millennium Management
New York
– -$11M -1,050,100 Closed
UOC
37
UBS O'Connor
Illinois
– -$4.84M -462,203 Closed
Barclays
38
Barclays
United Kingdom
– -$3.51M -335,119 Closed
WP
39
Woodline Partners
California
– -$3.47M -331,500 Closed
AA
40
AQR Arbitrage
Connecticut
– -$3.47M -330,840 Closed
State of Wisconsin Investment Board
41
State of Wisconsin Investment Board
Wisconsin
– -$2.93M -280,000 Closed
ETH
42
Exos TFP Holdings
New York
– -$2.8M -267,472 Closed
HighTower Advisors
43
HighTower Advisors
Illinois
– -$2.25M -214,358 Closed
WA
44
Whitebox Advisors
Minnesota
– -$1.86M -177,835 Closed
MF
45
Magnetar Financial
Illinois
– -$1.74M -165,960 Closed
TCM
46
Tenor Capital Management
New York
– -$1.57M -150,000 Closed
Janus Henderson Group
47
Janus Henderson Group
United Kingdom
– -$1.48M -140,800 Closed
COPPSERS
48
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
– -$1.05M -100,000 Closed
DCM
49
Dupont Capital Management
Delaware
– -$1.05M -100,000 Closed
Hudson Bay Capital Management
50
Hudson Bay Capital Management
Connecticut
– -$1.01M -96,084 Closed
1
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3

TRTL Hedge Fund Activity: Q4 2023 in Review

33 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in TortoiseEcofin Acquisition Corp. III (TRTL) for Q4 2023, worth a combined $183M — down 49% from $359M a quarter earlier.

Sellers outnumbered buyers: 25 funds closed out of TRTL and 9 opened new positions — a net loss of 16 holders — while 15 trimmed existing stakes and 5 added.

The largest buyer was Meteora Capital, opening a new position worth an estimated $10.6M. The largest seller was Adage Capital Partners, exiting entirely with an estimated $28.3M sold.

  • 33 institutional investors held TortoiseEcofin Acquisition Corp. III (TRTL) as of Q4 2023, down from 51 in Q3 2023.
  • Funds reported $183M of TortoiseEcofin Acquisition Corp. III stock for Q4 2023, down 49% quarter-over-quarter.
  • 9 funds opened new TortoiseEcofin Acquisition Corp. III positions in Q4 2023 and 25 closed out, a net change of -16 holders.
  • The largest TortoiseEcofin Acquisition Corp. III buyer in Q4 2023 was Meteora Capital, an estimated $10.6M added.
  • The largest TortoiseEcofin Acquisition Corp. III seller in Q4 2023 was Adage Capital Partners, an estimated $28.3M sold.

Based on aggregated 13F filings for Q4 2023.