AQR Arbitrage LLC Has $15.82 Million Stock Position in Launch One Acquisition Corp. (NASDAQ:LPAA)

AQR Arbitrage LLC decreased its stake in Launch One Acquisition Corp. (NASDAQ:LPAA - Free Report) by 22.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,575,742 shares of the company's stock after selling 448,554 shares during the quarter. AQR Arbitrage LLC owned approximately 5.48% of Launch One Acquisition worth $15,820,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LPAA. Virtu Financial LLC purchased a new stake in shares of Launch One Acquisition during the third quarter worth $270,000. Tuttle Capital Management LLC purchased a new stake in shares of Launch One Acquisition during the 4th quarter worth about $402,000. Dakota Wealth Management grew its stake in shares of Launch One Acquisition by 13.8% in the 4th quarter. Dakota Wealth Management now owns 23,550 shares of the company's stock valued at $237,000 after buying an additional 2,850 shares in the last quarter. Robinson Capital Management LLC raised its position in Launch One Acquisition by 12,420.4% during the fourth quarter. Robinson Capital Management LLC now owns 31,301 shares of the company's stock valued at $314,000 after acquiring an additional 31,051 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its position in Launch One Acquisition by 2,740.2% during the fourth quarter. Wolverine Asset Management LLC now owns 510,891 shares of the company's stock valued at $5,134,000 after acquiring an additional 492,903 shares in the last quarter.

Launch One Acquisition Stock Performance

Shares of LPAA traded down $0.01 during mid-day trading on Friday, hitting $10.28. 126,363 shares of the company's stock were exchanged, compared to its average volume of 73,076. The firm has a fifty day moving average of $10.21 and a two-hundred day moving average of $10.10. Launch One Acquisition Corp. has a twelve month low of $9.66 and a twelve month high of $10.70.

Launch One Acquisition Profile

Launch One Acquisition Corp. is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Launch One Acquisition Corp. is based in New York.