TortoiseEcofin Acquisition Corp. III
TRTL
TRTL was delisted on the 22nd of July, 2024.
51 hedge funds and large institutions have $359M invested in TortoiseEcofin Acquisition Corp. III in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 7 reducing their positions, and 8 closing their positions.
33% more funds holding in top 10
Funds holding in top 10: 3 → 4 (+1)
14% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 7
11% more capital invested
Capital invested by funds: $324M → $359M (+$35.6M)
6% less funds holding
Funds holding: 54 → 51 (-3)
38% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$26.5M |
| 2 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
+$16.9M |
| 3 |
CAC
Cowen and Company
New York
|
+$8.79M |
| 4 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$7.27M |
| 5 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$5.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CF
Cantor Fitzgerald
New York
|
-$26M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$5.26M |
| 3 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
-$2.82M |
| 4 |
KL
KIM LLC
Wichita,
Kansas
|
-$2.09M |
| 5 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
-$2.07M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
UBS Group
Zurich,
Switzerland
| $1.28K | +$1.27K | +122 | New |
|
|
CF
52
Cantor Fitzgerald
New York
| – | -$26M | -2,504,271 | Closed |
|
|
53
Marshall Wace
London,
United Kingdom
| – | -$5.26M | -506,418 | Closed |
|
|
SIA
54
Schechter Investment Advisors
Birmingham,
Michigan
| – | -$2.82M | -272,633 | Closed |
|
|
WC
55
Wealthspring Capital
West Harrison,
New York
| – | -$1.13M | -109,330 | Closed |
|
56
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$921K | -88,715 | Closed |
|
|
CIM
57
Cowen Investment Management
New York
| – | -$830K | -80,000 | Closed |
|
|
KIM
58
Karpus Investment Management
Pittsford,
New York
| – | -$265K | -25,629 | Closed |
|
|
EWM
59
Evercore Wealth Management
New York
| – | -$145K | -14,000 | Closed |
|
TRTL Hedge Fund Activity: Q3 2023 in Review
51 of the 6,302 institutional investors tracked by Wall St. Rank reported a position in TortoiseEcofin Acquisition Corp. III (TRTL) for Q3 2023, worth a combined $359M — up 11% from $324M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of TRTL and 5 opened new positions — a net loss of 3 holders — while 7 trimmed existing stakes and 8 added.
The largest buyer was First Trust Capital Management, adding an estimated $26.5M. The largest seller was Cantor Fitzgerald, exiting entirely with an estimated $26M sold.
- 51 institutional investors held TortoiseEcofin Acquisition Corp. III (TRTL) as of Q3 2023, down from 54 in Q2 2023.
- Funds reported $359M of TortoiseEcofin Acquisition Corp. III stock for Q3 2023, up 11% quarter-over-quarter.
- 5 funds opened new TortoiseEcofin Acquisition Corp. III positions in Q3 2023 and 8 closed out, a net change of -3 holders.
- The largest TortoiseEcofin Acquisition Corp. III buyer in Q3 2023 was First Trust Capital Management, an estimated $26.5M added.
- The largest TortoiseEcofin Acquisition Corp. III seller in Q3 2023 was Cantor Fitzgerald, an estimated $26M sold.
Based on aggregated 13F filings for Q3 2023.