Verition Fund Management LLC Sells 260,739 Shares of Cartesian Growth Co. II (NASDAQ:RENE)

Verition Fund Management LLC cut its stake in shares of Cartesian Growth Co. II (NASDAQ:RENE) by 72.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 98,446 shares of the company’s stock after selling 260,739 shares during the quarter. Verition Fund Management LLC owned approximately 0.46% of Cartesian Growth Co. II worth $1,128,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Logan Stone Capital LLC purchased a new position in Cartesian Growth Co. II during the 2nd quarter worth $282,000. Cowen AND Company LLC increased its stake in shares of Cartesian Growth Co. II by 8.0% during the second quarter. Cowen AND Company LLC now owns 473,383 shares of the company’s stock valued at $5,337,000 after buying an additional 35,211 shares during the period. Clear Street LLC bought a new stake in shares of Cartesian Growth Co. II in the second quarter valued at about $437,000. Wolverine Asset Management LLC lifted its stake in Cartesian Growth Co. II by 16.1% in the second quarter. Wolverine Asset Management LLC now owns 420,823 shares of the company’s stock worth $4,745,000 after acquiring an additional 58,469 shares during the period. Finally, Berkley W R Corp grew its holdings in Cartesian Growth Co. II by 10.1% during the 2nd quarter. Berkley W R Corp now owns 1,406,400 shares of the company’s stock worth $15,864,000 after acquiring an additional 128,947 shares in the last quarter. Institutional investors own 58.96% of the company’s stock.

Cartesian Growth Co. II Stock Performance

NASDAQ:RENE opened at $11.64 on Friday. The firm has a 50-day simple moving average of $11.56 and a 200-day simple moving average of $11.41. Cartesian Growth Co. II has a one year low of $10.92 and a one year high of $11.67.

Cartesian Growth Co. II Profile

Cartesian Growth Corporation II does not have significant operations. It focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or other similar business combination with one or more businesses or entities. The company was incorporated in 2021 and is based in New York, New York.