In this article, we will look at the 5 SPACs activist investor Jeff Smith is buying in 2022. If you want to learn more about Jeff Smith and review his hedge fund’s performance, you can go to Activist Investor Jeff Smith is Buying These 15 SPACs in 2022.
5. HCM Acquisition Corp (NASDAQ:HCMA)
Starboard Value LP Stake Value: $7,478,000
Percentage of Starboard Value’s 13F Portfolio: 0.09%
HCM Acquisition Corp (NASDAQ:HCMA) is a shell company that focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. HCM Acquisition Corp (NASDAQ:HCMA) was incorporated in 2021 and is based in Stamford, Connecticut.
HCM Acquisition Corp (NASDAQ:HCMA) is another SPAC that caught the attention of activist investor Jeff Smith in the first quarter of 2022. As of March 31, Starboard Value’s stakes in HCM Acquisition Corp (NASDAQ:HCMA) are valued at $7.47 million, which covers 0.09% of its 13F portfolio.
4. Kimbell Tiger Acquisition Corp (NYSE:TGR)
Starboard Value LP Stake Value: $7,523,000
Percentage of Starboard Value’s 13F Portfolio: 0.09%
Kimbell Tiger Acquisition Corp (NYSE:TGR) operates as a SPAC and focuses on acquiring business in the energy and natural resources industry in North America. Kimbell Tiger Acquisition Corp (NYSE:TGR) company was incorporated in 2021 and is based in Fort Worth, Texas.
In the first quarter of 2022, Starboard Value went long Kimbell Tiger Acquisition Corp (NYSE:TGR) and purchased more than 0.70 million shares of the shell company. This amounts to a stake of $7.52 million which covers 0.09% of the fund’s 13F portfolio and ranks the stock 28 among the fund’s 13F holdings.
3. Clean Earth Acquisitions Corp. (NASDAQ:CLIN)
Starboard Value LP Stake Value: $7,530,000
Percentage of Starboard Value’s 13F Portfolio: 0.09%
Clean Earth Acquisitions Corp. (NASDAQ:CLIN) intends to acquire assets or businesses through a merger, capital stock exchange, stock purchase, reorganization, or similar business combination. The SPAC focuses on acquiring companies in the clean energy ecosystem, including carbon, hydrogen, sustainable agriculture, and renewable energy. Clean Earth Acquisitions Corp. (NASDAQ:CLIN) was incorporated in 2021 and is based in Bee Cave, Texas.
As of March 31, Starboard Value owns 0.75 million shares of Clean Earth Acquisitions Corp. (NASDAQ:CLIN) which brings its stakes in the SPAC to $7.53 million. The investment covers 0.09% of its investment portfolio and ranks the stock at number 27 among the fund’s top 13F holdings.
2. Integrated Rail & Resources Acquisition Corp (NYSE:IRRX)
Starboard Value LP Stake Value: $9,332,000
Percentage of Starboard Value’s 13F Portfolio: 0.12%
Integrated Rail and Resources Acquisition Corp. (NYSE:IRRX) focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in railroad companies in North America. Integrated Rail and Resources Acquisition Corp. (NYSE:IRRX) was incorporated in 2021 and is based in Fort Worth, Texas.
In the first quarter of 2022, Jeff Smith’s Starboard Value went long in Integrated Rail and Resources Acquisition Corp. (NYSE:IRRX) and purchased more than 0.93 million shares of the shell company. The fund’s stakes in the company, as of March 31, are valued at $9.33 million. The investment covers 0.12% of Starboard Value’s 13F portfolio.
1.E.Merge Technology Acquisition Corp. (NASDAQ:ETACU)
Starboard Value LP Stake Value: $14,320,000
Percentage of Starboard Value’s 13F Portfolio: 0.18%
E.Merge Technology Acquisition Corp. (NASDAQ:ETACU) is the top SPAC bought buy activist investor Jeff Smith in 2022. The company seeks to acquire companies in the software and internet technology industries. E.Merge Technology Acquisition Corp. (NASDAQ:ETACU) was incorporated in 2020 and is based in Burlingame, California.
At the close of Q1 2022, Starboard Value entered E.Merge Technology Acquisition Corp. (NASDAQ:ETACU) and purchased over 1.44 million shares of the shell company. The fund’s stakes in the SPAC are valued at $14.32 million, which covers 0.18% of its 13F portfolio and ranks the stock 25 among its 13F holdings.
You can also take a look at 10 Best SPACs to Buy According to David Einhorn’s Greenlight Capital and 10 Best SPACs to Buy According to SoftBank’s Masayoshi Son.
