two
TWOA
TWOA was delisted on the 27th of March, 2024.
22 hedge funds and large institutions have $43.2M invested in two in 2023 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 4 increasing their positions, 6 reducing their positions, and 6 closing their positions.
17% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 6
5% more funds holding
Funds holding: 21 → 22 (+1)
17% less capital invested
Capital invested by funds: $52.3M → $43.2M (-$9.15M)
33% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$2.76M |
| 2 |
HSBC Holdings
London,
United Kingdom
|
+$2.51M |
| 3 |
QL
Quarry LP
New York
|
+$1.64M |
| 4 |
MSU
Mizuho Securities USA
New York
|
+$1.3M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$5.12M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$3.22M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$3.17M |
| 4 |
CAC
Cowen and Company
New York
|
-$2.63M |
| 5 |
D.E. Shaw & Co
New York
|
-$2.49M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HCM
26
Highbridge Capital Management
New York
| – | -$1.57M | -150,000 | Closed |
|
|
SFM
27
Spartan Fund Management
Toronto, Ontario,
Canada
| – | -$603K | -57,581 | Closed |
|
28
Deutsche Bank
Frankfurt Am Main Ge,
Germany
| – | -$61.9K | -5,903 | Closed |
|
TWOA Hedge Fund Activity: Q4 2023 in Review
22 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in two (TWOA) for Q4 2023, worth a combined $43.2M — down 17% from $52.3M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new TWOA positions and 6 closed out — a net gain of 1 holder — while 4 added to existing stakes and 6 trimmed.
The largest buyer was First Trust Capital Management, opening a new position worth an estimated $2.76M. The largest seller was Radcliffe Capital Management, exiting entirely with an estimated $5.12M sold.
- 22 institutional investors held two (TWOA) as of Q4 2023, up from 21 in Q3 2023.
- Funds reported $43.2M of two stock for Q4 2023, down 17% quarter-over-quarter.
- 7 funds opened new two positions in Q4 2023 and 6 closed out, a net change of +1 holder.
- The largest two buyer in Q4 2023 was First Trust Capital Management, an estimated $2.76M added.
- The largest two seller in Q4 2023 was Radcliffe Capital Management, an estimated $5.12M sold.
Based on aggregated 13F filings for Q4 2023.