Terrapin 3 Acquisition Corporation Class A
TRTL
TRTL was delisted on the 16th of December, 2016.
18 hedge funds and large institutions have $106M invested in Terrapin 3 Acquisition Corporation Class A in 2016 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 8 reducing their positions, and 5 closing their positions.
14% less funds holding
Funds holding: 21 → 18 (-3)
33% less capital invested
Capital invested by funds: $160M → $106M (-$53.5M)
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
75% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TD Asset Management
Toronto,
Ontario, Canada
|
+$20.1M |
| 2 |
HCM
Highbridge Capital Management
New York
|
+$7.46M |
| 3 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
+$466K |
| 4 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$14.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$14.9M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$13.6M |
| 3 |
Capstone Investment Advisors
New York
|
-$12.4M |
| 4 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
-$8.95M |
| 5 |
GCL
Glazer Capital LLC
New York
|
-$7.39M |
TRTL Hedge Fund Activity: Q3 2016 in Review
18 of the 3,759 institutional investors tracked by Wall St. Rank reported a position in Terrapin 3 Acquisition Corporation Class A (TRTL) for Q3 2016, worth a combined $106M — down 33% from $160M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of TRTL and 2 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 2 added.
The largest buyer was TD Asset Management, opening a new position worth an estimated $20.1M. The largest seller was Hudson Bay Capital Management, exiting entirely with an estimated $14.9M sold.
- 18 institutional investors held Terrapin 3 Acquisition Corporation Class A (TRTL) as of Q3 2016, down from 21 in Q2 2016.
- Funds reported $106M of Terrapin 3 Acquisition Corporation Class A stock for Q3 2016, down 33% quarter-over-quarter.
- 2 funds opened new Terrapin 3 Acquisition Corporation Class A positions in Q3 2016 and 5 closed out, a net change of -3 holders.
- The largest Terrapin 3 Acquisition Corporation Class A buyer in Q3 2016 was TD Asset Management, an estimated $20.1M added.
- The largest Terrapin 3 Acquisition Corporation Class A seller in Q3 2016 was Hudson Bay Capital Management, an estimated $14.9M sold.
Based on aggregated 13F filings for Q3 2016.