Atlas Merchant Capital LLC's Q1 2024 13F: 11 new positions, 22 exits
Form 13F-HR for the quarter ended Mar 31, 2024 · filed May 15, 2024 · 71 reported positions · accession 0000950142-24-001356
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | HENNESSY CAPITAL INVST CORP (HCVI) | 9.3% | 2.2% | −7.1 pts | −2.5M sh | −83% |
| Exited | GORES HOLDINGS IX INC (GHIX) | 7.5% | — | −7.5 pts | −2.4M sh | −100% |
| Reduced | FTAC EMERALD ACQUISITION COR (FLD) | 6.3% | 2.2% | −4.1 pts | −1.5M sh | −75% |
| Exited | TWO (TWOA) | 1.6% | — | −1.6 pts | −500K sh | −100% |
| Exited | HH&L ACQUISITION CO (HHLA) | 1.3% | — | −1.3 pts | −420K sh | −100% |
| Exited | DP CAP ACQUISITION CORP I (DPCS) | 1.3% | — | −1.3 pts | −400K sh | −100% |
| Exited | CHAIN BRIDGE I (CBGGF) | 1.3% | — | −1.3 pts | −400K sh | −100% |
| Exited | CROWN PROPTECH ACQUISITIONS (CPTK) | 1.3% | — | −1.3 pts | −400K sh | −100% |
| Exited | ATLANTIC COASTAL AQSTN CORP (ABPWW) | 1.1% | — | −1.1 pts | −350K sh | −100% |
| Reduced | SK GROWTH OPPORTUNITIES CORP (SKGR) | 1.9% | 1.7% | −0.2 pts | −214K sh | −37% |
| New | GLOBAL PARTNER ACQISTN CORP (GPAC) | — | 0.9% | +0.9 pts | +200K sh | new |
| Exited | CAPITALWORKS EMNG MKTS ACQST (CMCA) | 0.8% | — | −0.8 pts | −250K sh | −100% |
| Increased | AP ACQUISITION CORP (APCA) | 0.7% | 1.7% | +1.0 pts | +145K sh | +69% |
| Exited | SPREE ACQUISITION CORP 1 LTD (SHAP) | 0.6% | — | −0.6 pts | −200K sh | −100% |
| Exited | DHC ACQUISITION CORP (DHCA) | 0.6% | — | −0.6 pts | −200K sh | −100% |
| Exited | QUANTUM FINTECH ACQUISTIN CO (QFTA) | 0.5% | — | −0.5 pts | −157K sh | −100% |
| Reduced | ENVOY MEDICAL INC (COCH) | 0.5% | 1.0% | +0.5 pts | −301K sh | −33% |
| New | KAIROUS ACQUISITION CORP LTD (KACL) | — | 0.5% | +0.5 pts | +100K sh | new |
| New | LAMF GLOBAL VENTURES CORP I (LGVC) | — | 0.4% | +0.4 pts | +100K sh | new |
| New | COLOMBIER ACQUISITION CORP I (CLBR) | — | 0.4% | +0.4 pts | +100K sh | new |
| Exited | BANNIX ACQUISITION CORP (BNIX) | 0.3% | — | −0.3 pts | −100K sh | −100% |
| Exited | L CATTERTON ASIA ACQUISITION (LCAA) | 0.3% | — | −0.3 pts | −100K sh | −100% |
| Exited | COLOMBIER ACQUISITION CORP I (CLBRU) | 0.3% | — | −0.3 pts | −100K sh | −100% |
| New | URBAN ONE INC (UONE) | — | 0.2% | +0.2 pts | +190K sh | new |
| Exited | IHEARTMEDIA INC (IHETW) | 0.2% | — | −0.2 pts | −240K sh | −100% |
| Exited | REVELSTONE CAPITAL ACQSTN CO (RCAC) | 0.2% | — | −0.2 pts | −100K sh | −100% |
| Exited | HORIZON SPACE ACQUSTN I CORP (HSPO) | 0.2% | — | −0.2 pts | −50,000 sh | −100% |
| Exited | MARS ACQUISITION CORP (MARX) | 0.2% | — | −0.2 pts | −50,000 sh | −100% |
| New | JVSPAC ACQUISITION CORP (JVSAU) | — | 0.1% | +0.1 pts | +25,000 sh | new |
| New | IRON HORSE ACQUISITIONS CORP (IROH) | — | 0.1% | +0.1 pts | +25,000 sh | new |
| New | AI TRANSN ACQUISITION CORP (AITR) | — | 0.1% | +0.1 pts | +20,000 sh | new |
| Exited | IRON HORSE ACQUISITIONS CORP (UCFIW) | 0.1% | — | −0.1 pts | −25,000 sh | −100% |
| Exited | AI TRANSN ACQUISITION CORP (AITRU) | 0.1% | — | −0.1 pts | −20,000 sh | −100% |
| Exited | SK GROWTH OPPORTUNITIES CORP (SKGRW) | 0.0% | — | 0.0 pts | −125K sh | −100% |
| New | IRON HORSE ACQUISITIONS CORP (IROHR) | — | 0.0% | 0.0 pts | +25,000 sh | new |
| New | AI TRANSN ACQUISITION CORP (AITRR) | — | 0.0% | 0.0 pts | +20,000 sh | new |
| Exited | ATLANTIC COASTAL ACQUISTN CO (ACAHW) | 0.0% | — | 0.0 pts | −99,999 sh | −100% |
| Reduced | BOWEN ACQUISITION CORP (BOWNR) | 0.0% | 0.0% | 0.0 pts | −9,191 sh | −18% |
| New | IRON HORSE ACQUISITIONS CORP (IROHW) | — | 0.0% | 0.0 pts | +25,000 sh | new |
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 60.0% of the equity book
Changes in the top 10 this quarter: RRAC entered · BITE entered · CDAQ entered · HCVI left · GHIX left · SKGR left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | CHURCHILL CAPITAL CORP VII (CVII) | 19.5% | 28.1% | |
| 2 | SLAM CORP (SLAMF) | 4.5% | 6.6% | |
| 3 | TORTOISEECOFIN ACQUISITION C (TRTL) | 3.7% | 5.3% | |
| 4 | SCREAMING EAGLE ACQUISITN CO (SCRM) | 3.7% | 5.2% | |
| 5 | PROJECT ENERGY REIMAGINED AC (PEGR) | 2.4% | 3.5% | |
| 6 | RIGEL RESOURCE ACQ CORP (RRAC) | 1.6% | 2.3% | Entered the top 10 |
| 7 | BITE ACQUISITION CORP (BITE) | 1.6% | 2.3% | Entered the top 10 |
| 8 | FOCUS IMPACT ACQUISITION COR (FIAC) | 1.6% | 2.3% | |
| 9 | COMPASS DIGITAL ACQUISITN CO (CDAQ) | 1.6% | 2.2% | Entered the top 10 |
| 10 | FTAC EMERALD ACQUISITION COR (FLD) | 6.3% | 2.2% | |
| — | HENNESSY CAPITAL INVST CORP (HCVI) | 9.3% | 2.2% | Left the top 10 |
| — | GORES HOLDINGS IX INC (GHIX) | 7.5% | 0.0% | Left the top 10 |
| — | SK GROWTH OPPORTUNITIES CORP (SKGR) | 1.9% | 1.7% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Increased | ISHARES TR (HYG) | Put | 400K | 600K | $46.6M |