TCW Special Purpose Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant
TSPQ.U
TSPQ.U was delisted on the 15th of December, 2022.
51 hedge funds and large institutions have $140M invested in TCW Special Purpose Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant in 2021 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 16 reducing their positions, and 16 closing their positions.
19% less capital invested
Capital invested by funds: $173M → $140M (-$32.3M)
22% less funds holding
Funds holding: 65 → 51 (-14)
56% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 16
81% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$1.72M |
| 2 |
BFM
Boothbay Fund Management
New York
|
+$821K |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
+$224K |
| 4 |
LCS
Levin Capital Strategies
New York
|
+$156K |
| 5 |
OMC
Old Mission Capital
Chicago,
Illinois
|
+$129K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$8.93M |
| 2 |
Millennium Management
New York
|
-$6.44M |
| 3 |
KC
Kepos Capital
New York
|
-$5.18M |
| 4 |
ACA
Arena Capital Advisors
Los Angeles,
California
|
-$4.7M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$3.56M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
D.E. Shaw & Co
New York
| – | -$2.58M | -258,966 | Closed |
|
52
Neuberger Berman Group
New York
| – | -$848K | -85,014 | Closed |
|
|
DAM
53
DLD Asset Management
New York
| – | -$538K | -54,000 | Closed |
|
|
TPMI
54
Tilden Park Management I
New York
| – | -$500K | -50,000 | Closed |
|
|
SCM
55
Shaolin Capital Management
Miami,
Florida
| – | -$468K | -46,974 | Closed |
|
|
PP
56
Paloma Partners
Greenwich,
Connecticut
| – | -$429K | -43,000 | Closed |
|
57
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$299K | -30,000 | Closed |
|
58
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$250K | -25,100 | Closed |
|
59
JP Morgan Chase
New York
| – | -$218K | -21,910 | Closed |
|
|
RCM
60
Ratan Capital Management
Miami Beach,
Florida
| – | -$199K | -20,000 | Closed |
|
|
CAC
61
Cowen and Company
New York
| – | -$149K | -14,986 | Closed |
|
|
FTUS
62
Flow Traders U.S.
New York
| – | -$131K | -13,150 | Closed |
|
|
PAM
63
Panagora Asset Management
Boston,
Massachusetts
| – | -$112K | -11,277 | Closed |
|
64
UBS Group
Zurich,
Switzerland
| – | -$12K | -1,178 | Closed |
|
TSPQ.U Hedge Fund Activity: Q3 2021 in Review
51 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in TCW Special Purpose Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant (TSPQ.U) for Q3 2021, worth a combined $140M — down 19% from $173M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of TSPQ.U and 3 opened new positions — a net loss of 13 holders — while 16 trimmed existing stakes and 7 added.
The largest buyer was Longfellow Investment Management, adding an estimated $1.72M. The largest seller was Periscope Capital, cutting an estimated $8.93M.
- 51 institutional investors held TCW Special Purpose Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant (TSPQ.U) as of Q3 2021, down from 65 in Q2 2021.
- Funds reported $140M of TCW Special Purpose Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant stock for Q3 2021, down 19% quarter-over-quarter.
- 3 funds opened new TCW Special Purpose Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant positions in Q3 2021 and 16 closed out, a net change of -13 holders.
- The largest TCW Special Purpose Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant buyer in Q3 2021 was Longfellow Investment Management, an estimated $1.72M added.
- The largest TCW Special Purpose Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant seller in Q3 2021 was Periscope Capital, an estimated $8.93M sold.
Based on aggregated 13F filings for Q3 2021.