Kepos Capital LP Sells 382,500 Shares of GP-Act III Acquisition Corp. (NASDAQ:GPAT)

Kepos Capital LP lessened its holdings in GP-Act III Acquisition Corp. (NASDAQ:GPAT) by 90.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 42,500 shares of the company’s stock after selling 382,500 shares during the quarter. GP-Act III Acquisition makes up approximately 0.4% of Kepos Capital LP’s holdings, making the stock its 17th biggest holding. Kepos Capital LP’s holdings in GP-Act III Acquisition were worth $431,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of GPAT. HGC Investment Management Inc. bought a new position in shares of GP-Act III Acquisition in the 3rd quarter valued at about $24,948,000. Polar Asset Management Partners Inc. bought a new position in shares of GP-Act III Acquisition in the 3rd quarter valued at about $16,884,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of GP-Act III Acquisition in the 3rd quarter valued at about $13,099,000. Westchester Capital Management LLC bought a new position in shares of GP-Act III Acquisition in the 3rd quarter valued at about $5,533,000. Finally, Rivernorth Capital Management LLC bought a new position in shares of GP-Act III Acquisition in the 3rd quarter valued at about $4,548,000.

GP-Act III Acquisition Stock Up 0.7 %

Shares of NASDAQ GPAT opened at $10.35 on Friday. GP-Act III Acquisition Corp. has a 1 year low of $9.98 and a 1 year high of $10.30. The firm’s 50-day moving average is $10.25 and its 200-day moving average is $10.15.

About GP-Act III Acquisition

GP-Act III Acquisition Corp. operates as a blank check company, which was created for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on November 23, 2020 and is headquartered in New York, NY.