GP-Act III Acquisition Corp. $GPAT is Gritstone Asset Management LLC’s 3rd Largest Position

Gritstone Asset Management LLC lowered its holdings in GP-Act III Acquisition Corp. (NASDAQ:GPAT) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 439,911 shares of the company’s stock after selling 1,492 shares during the period. GP-Act III Acquisition accounts for 5.2% of Gritstone Asset Management LLC’s investment portfolio, making the stock its 3rd biggest position. Gritstone Asset Management LLC’s holdings in GP-Act III Acquisition were worth $4,531,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GPAT. Citadel Advisors LLC purchased a new stake in shares of GP-Act III Acquisition in the fourth quarter valued at $103,000. D. E. Shaw & Co. Inc. grew its position in shares of GP-Act III Acquisition by 43.9% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,237,500 shares of the company’s stock valued at $12,573,000 after purchasing an additional 377,727 shares during the period. LMR Partners LLP purchased a new stake in shares of GP-Act III Acquisition in the fourth quarter valued at $12,422,000. Toronto Dominion Bank purchased a new stake in shares of GP-Act III Acquisition in the fourth quarter valued at $3,223,000. Finally, Wolverine Asset Management LLC grew its position in shares of GP-Act III Acquisition by 3.5% in the first quarter. Wolverine Asset Management LLC now owns 309,050 shares of the company’s stock valued at $3,192,000 after purchasing an additional 10,497 shares during the period.

Analyst Ratings Changes

Separately, Wall Street Zen raised GP-Act III Acquisition to a “hold” rating in a research report on Saturday, July 12th.

GP-Act III Acquisition Stock Performance

Shares of NASDAQ:GPAT opened at $10.59 on Monday. The business has a 50-day moving average of $10.56 and a two-hundred day moving average of $10.45. GP-Act III Acquisition Corp. has a 12 month low of $10.00 and a 12 month high of $10.64.

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.