TortoiseEcofin Acquisition Corp. III Units each consisting of one Class A Ordinary Share, and one-fourth of one redeemable warrant
TRTL.U
TRTL.U was delisted on the 22nd of July, 2024.
7 hedge funds and large institutions have $984K invested in TortoiseEcofin Acquisition Corp. III Units each consisting of one Class A Ordinary Share, and one-fourth of one redeemable warrant in 2023 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 0 increasing their positions, 2 reducing their positions, and 7 closing their positions.
46% less funds holding
Funds holding: 13 → 7 (-6)
86% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 7
98% less capital invested
Capital invested by funds: $42.3M → $984K (-$41.4M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 2
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$20.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
-$27.7M |
| 2 |
BFM
Boothbay Fund Management
New York
|
-$11M |
| 3 |
CIM
Cowen Investment Management
New York
|
-$1.55M |
| 4 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
-$644K |
| 5 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$238K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
Jane Street
New York
| $525K | -$3.41K | -326 | -0.6% |
|
|
LCM
2
Landscape Capital Management
Englewood,
New Jersey
| $289K | – | – | – |
|
3
Mariner
Overland Park,
Kansas
| $136K | – | – | – |
|
|
4
Morgan Stanley
New York
| $21K | +$20.9K | +2,000 | New |
|
5
Osaic Holdings
Scottsdale,
Arizona
| $10.5K | – | – | – |
|
|
PMAM
6
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
| $1K | – | – | – |
|
|
CS
7
Clear Street
New York
| $627 | -$134K | -12,858 | -100% |
|
|
SIM
8
Sandia Investment Management
Boston,
Massachusetts
| – | -$27.7M | -2,675,970 | Closed |
|
|
BFM
9
Boothbay Fund Management
New York
| – | -$11M | -1,060,290 | Closed |
|
|
CIM
10
Cowen Investment Management
New York
| – | -$1.55M | -150,000 | Closed |
|
|
SIA
11
Schechter Investment Advisors
Birmingham,
Michigan
| – | -$644K | -62,310 | Closed |
|
|
WC
12
Wealthspring Capital
West Harrison,
New York
| – | -$238K | -23,000 | Closed |
|
|
VF
13
Virtu Financial
New York
| – | -$133K | -12,823 | Closed |
|
14
UBS Group
Zurich,
Switzerland
| – | -$19.8K | -1,912 | Closed |
|
TRTL.U Hedge Fund Activity: Q3 2023 in Review
7 of the 6,303 institutional investors tracked by Wall St. Rank reported a position in TortoiseEcofin Acquisition Corp. III Units each consisting of one Class A Ordinary Share, and one-fourth of one redeemable warrant (TRTL.U) for Q3 2023, worth a combined $984K — down 98% from $42.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of TRTL.U and 1 opened new positions — a net loss of 6 holders — while 2 trimmed existing stakes and 0 added.
The largest buyer was Morgan Stanley, opening a new position worth an estimated $20.9K. The largest seller was Sandia Investment Management, exiting entirely with an estimated $27.7M sold.
- 7 institutional investors held TortoiseEcofin Acquisition Corp. III Units each consisting of one Class A Ordinary Share, and one-fourth of one redeemable warrant (TRTL.U) as of Q3 2023, down from 13 in Q2 2023.
- Funds reported $984K of TortoiseEcofin Acquisition Corp. III Units each consisting of one Class A Ordinary Share, and one-fourth of one redeemable warrant stock for Q3 2023, down 98% quarter-over-quarter.
- 1 fund opened new TortoiseEcofin Acquisition Corp. III Units each consisting of one Class A Ordinary Share, and one-fourth of one redeemable warrant positions in Q3 2023 and 7 closed out, a net change of -6 holders.
- The largest TortoiseEcofin Acquisition Corp. III Units each consisting of one Class A Ordinary Share, and one-fourth of one redeemable warrant buyer in Q3 2023 was Morgan Stanley, an estimated $20.9K added.
- The largest TortoiseEcofin Acquisition Corp. III Units each consisting of one Class A Ordinary Share, and one-fourth of one redeemable warrant seller in Q3 2023 was Sandia Investment Management, an estimated $27.7M sold.
Based on aggregated 13F filings for Q3 2023.