two
TWOA
TWOA was delisted on the 27th of March, 2024.
44 hedge funds and large institutions have $170M invested in two in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 23 closing their positions.
18% less capital invested
Capital invested by funds: $207M → $170M (-$37.4M)
25% less funds holding
Funds holding: 59 → 44 (-15)
33% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 9
65% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 23
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$19.4M |
| 2 |
HCM
Highbridge Capital Management
New York
|
+$5.08M |
| 3 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
+$5.08M |
| 4 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$3.05M |
| 5 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
+$3.02M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sculptor Capital
New York
|
-$17.8M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$12.3M |
| 3 |
Millennium Management
New York
|
-$10.7M |
| 4 |
KL
KIM LLC
Wichita,
Kansas
|
-$6.94M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$6.25M |
TWOA Hedge Fund Activity: Q1 2023 in Review
44 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in two (TWOA) for Q1 2023, worth a combined $170M — down 18% from $207M a quarter earlier.
Sellers outnumbered buyers: 23 funds closed out of TWOA and 8 opened new positions — a net loss of 15 holders — while 9 trimmed existing stakes and 6 added.
The largest buyer was First Trust Capital Management, adding an estimated $19.4M. The largest seller was Sculptor Capital, exiting entirely with an estimated $17.8M sold.
- 44 institutional investors held two (TWOA) as of Q1 2023, down from 59 in Q4 2022.
- Funds reported $170M of two stock for Q1 2023, down 18% quarter-over-quarter.
- 8 funds opened new two positions in Q1 2023 and 23 closed out, a net change of -15 holders.
- The largest two buyer in Q1 2023 was First Trust Capital Management, an estimated $19.4M added.
- The largest two seller in Q1 2023 was Sculptor Capital, an estimated $17.8M sold.
Based on aggregated 13F filings for Q1 2023.