5 Stocks to Sell Now According to Michael Zimmerman’s Prentice Capital Management

2. Spring Valley Acquisition Corp. (NASDAQ:SV)

Number of Hedge Fund Holders: 18
Percentage Decrease in Stake in Q4: 100%

Spring Valley Acquisition Corp. (NASDAQ:SV) is a blank check corporation that was founded to achieve a merger, asset acquisition, stock purchase, reorganization, stock exchange, or other similar business combinations with one or more entities. Its goal is to buy a privately owned company that can turn into a publicly-traded bellwether due to its financial acumen, operational ability, and industry network.

According to regulatory filings, Prentice Capital Management had 54,909 shares of Spring Valley Acquisition Corp. (NASDAQ:SV) at the end of the third quarter of 2021, valued at $477,000, which it sold off entirely in the fourth quarter of 2021.

Nucor Corporation (NYSE:NUE) made a $15 million investment in NuScale Power, a developer of small modular reactor nuclear reactors, on April 6. Nucor has agreed to support NuScale through a private placement in Spring Valley Acquisition Corp. (NASDAQ:SV), which plans to merge with NuScale.

Among the hedge funds tracked by Insider Monkey, 18 funds were bullish on Spring Valley Acquisition Corp. (NASDAQ:SV) at the end of the fourth quarter of 2021, with stakes amounting to $88.48 million. D E Shaw is the biggest stakeholder in Spring Valley Acquisition Corp. (NASDAQ:SV), with 2.24 million shares worth $22.45 million.