AQR Arbitrage LLC Has $15 Million Position in SIM Acquisition Corp. I $SIMA

Key Points

• AQR Arbitrage LLC reduced its stake in SIM Acquisition Corp. I by 7.3%, selling 115,000 shares and holding a total of 1,463,722 shares worth approximately $15 million.
• Other hedge funds, including Schonfeld Strategic Advisors LLC and D. E. Shaw & Co. Inc., have also recently made investments or increased their stakes in SIM Acquisition Corp. I.
• The stock of SIM Acquisition Corp. I is currently trading at $10.48, with a 50-day moving average of $10.43 and a one-year price range of $9.95 to $10.47.

AQR Arbitrage LLC trimmed its holdings in SIM Acquisition Corp. I (NASDAQ:SIMA - Free Report) by 7.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,463,722 shares of the company's stock after selling 115,000 shares during the quarter. AQR Arbitrage LLC owned about 4.77% of SIM Acquisition Corp. I worth $15,003,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Westchester Capital Management LLC raised its holdings in shares of SIM Acquisition Corp. I by 73.1% in the first quarter. Westchester Capital Management LLC now owns 1,125,000 shares of the company's stock valued at $11,531,000 after buying an additional 475,000 shares during the last quarter. Mizuho Securities USA LLC raised its holdings in shares of SIM Acquisition Corp. I by 399.6% in the first quarter. Mizuho Securities USA LLC now owns 120,000 shares of the company's stock valued at $1,214,000 after buying an additional 95,983 shares during the last quarter. Wolverine Asset Management LLC raised its holdings in shares of SIM Acquisition Corp. I by 14.2% in the first quarter. Wolverine Asset Management LLC now owns 706,302 shares of the company's stock valued at $7,218,000 after buying an additional 87,845 shares during the last quarter. Toronto Dominion Bank bought a new position in shares of SIM Acquisition Corp. I in the fourth quarter valued at about $1,719,000. Finally, LMR Partners LLP bought a new stake in SIM Acquisition Corp. I during the 4th quarter worth about $9,839,000.

SIM Acquisition Corp. I Stock Performance

NASDAQ:SIMA traded up $0.01 on Friday, hitting $10.45. 119,700 shares of the stock were exchanged, compared to its average volume of 81,733. SIM Acquisition Corp. I has a 52 week low of $9.97 and a 52 week high of $10.47. The company's 50-day moving average price is $10.44 and its 200 day moving average price is $10.33.

About SIM Acquisition Corp. I

SIM Acquisition Corp. I 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. The company primary focus on the healthcare industry. SIM Acquisition Corp.