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.
42 hedge funds and large institutions have $81.7M 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 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 3 increasing their positions, 10 reducing their positions, and 18 closing their positions.
18% less funds holding
Funds holding: 51 → 42 (-9)
42% less capital invested
Capital invested by funds: $140M → $81.7M (-$58.6M)
50% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 18
70% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HSBC Holdings
London,
United Kingdom
|
+$4.97M |
| 2 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$898K |
| 3 |
QGA
Q Global Advisors
Fort Worth,
Texas
|
+$703K |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$306K |
| 5 |
AS
Altshuler Shaham
Tel Aviv,
Israel
|
+$292K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$41.8M |
| 2 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$6.65M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$5.01M |
| 4 |
AGC
Angelo Gordon & Co
New York
|
-$4.92M |
| 5 |
Goldman Sachs
New York
|
-$3.26M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Walleye Trading
New York
| – | -$341K | -34,640 | Closed |
|
|
SSA
52
Schonfeld Strategic Advisors
New York
| – | -$247K | -25,040 | Closed |
|
|
ICM
53
III Capital Management
Boca Raton,
Florida
| – | -$246K | -25,000 | Closed |
|
|
DIG
54
DeepCurrents Investment Group
New York
| – | -$175K | -17,730 | Closed |
|
|
OMC
55
Old Mission Capital
Chicago,
Illinois
| – | -$128K | -12,979 | Closed |
|
56
Verition Fund Management
Greenwich,
Connecticut
| – | -$121K | -12,270 | Closed |
|
|
WAM
57
Wolverine Asset Management
Chicago,
Illinois
| – | -$8K | -900 | Closed |
|
TSPQ.U Hedge Fund Activity: Q4 2021 in Review
42 of the 6,498 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 Q4 2021, worth a combined $81.7M — down 42% from $140M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of TSPQ.U and 9 opened new positions — a net loss of 9 holders — while 10 trimmed existing stakes and 3 added.
The largest buyer was HSBC Holdings, opening a new position worth an estimated $4.97M. The largest seller was Glazer Capital LLC, exiting entirely with an estimated $41.8M sold.
- 42 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 Q4 2021, down from 51 in Q3 2021.
- Funds reported $81.7M 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 Q4 2021, down 42% quarter-over-quarter.
- 9 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 Q4 2021 and 18 closed out, a net change of -9 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 Q4 2021 was HSBC Holdings, an estimated $4.97M 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 Q4 2021 was Glazer Capital LLC, an estimated $41.8M sold.
Based on aggregated 13F filings for Q4 2021.