TortoiseEcofin Acquisition Corp. III
TRTL
TRTL was delisted on the 22nd of July, 2024.
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.
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$10.6M |
| 2 |
MSU
Mizuho Securities USA
New York
|
+$9.48M |
| 3 |
KL
KIM LLC
Wichita,
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
Boston,
Massachusetts
|
-$28.3M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$23.7M |
| 3 |
D.E. Shaw & Co
New York
|
-$22.4M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$16.9M |
| 5 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
-$14.1M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCA
51
Castle Creek Arbitrage
Avon,
Colorado
| – | -$996K | -95,000 | Closed |
|
|
KKRC
52
Kohlberg Kravis Roberts & Co
New York
| – | -$629K | -60,064 | Closed |
|
53
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$470K | -44,800 | Closed |
|
|
VF
54
Virtu Financial
New York
| – | -$288K | -27,460 | Closed |
|
|
HF
55
HRT Financial
New York
| – | -$243K | -23,216 | Closed |
|
|
HIM
56
HGC Investment Management
Toronto,
Ontario, Canada
| – | -$197K | -18,800 | Closed |
|
|
OAC
57
OMERS Administration Corp
Toronto,
Ontario, Canada
| – | -$105K | -10,000 | Closed |
|
58
UBS Group
Zurich,
Switzerland
| – | -$1.28K | -122 | Closed |
|
TRTL Hedge Fund Activity: Q4 2023 in Review
33 of the 6,860 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.