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.
65 hedge funds and large institutions have $182M 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 Q2 according to their latest regulatory filings, with 8 funds opening new positions, 13 increasing their positions, 20 reducing their positions, and 55 closing their positions.
35% less repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 20
42% less funds holding
Funds holding: 113 → 65 (-48)
52% less capital invested
Capital invested by funds: $378M → $182M (-$197M)
85% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 55
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
+$2.47M |
| 2 |
FPA
First Pacific Advisors
El Segundo,
California
|
+$1.38M |
| 3 |
CIM
Cowen Investment Management
New York
|
+$999K |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$999K |
| 5 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
+$851K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nomura Holdings
Tokyo,
Japan
|
-$21.1M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$12.4M |
| 3 |
Marshall Wace
London,
United Kingdom
|
-$11.9M |
| 4 |
SC
Sculptor Capital
New York
|
-$9.98M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$7.96M |
TSPQ.U Hedge Fund Activity: Q2 2021 in Review
65 of the 5,767 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 Q2 2021, worth a combined $182M — down 52% from $378M a quarter earlier.
Sellers outnumbered buyers: 55 funds closed out of TSPQ.U and 8 opened new positions — a net loss of 47 holders — while 20 trimmed existing stakes and 13 added.
The largest buyer was Castle Creek Arbitrage, adding an estimated $2.47M. The largest seller was Nomura Holdings, exiting entirely with an estimated $21.1M sold.
- 65 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 Q2 2021, down from 113 in Q1 2021.
- Funds reported $182M 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 Q2 2021, down 52% quarter-over-quarter.
- 8 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 Q2 2021 and 55 closed out, a net change of -47 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 Q2 2021 was Castle Creek Arbitrage, an estimated $2.47M 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 Q2 2021 was Nomura Holdings, an estimated $21.1M sold.
Based on aggregated 13F filings for Q2 2021.