Top 5 SPACs to Buy According to Richard Gerson’s Falcon Edge Capital

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1. Avanti Acquisition Corp. (NYSE:AVAN)

Falcon Edge Capital’s Stake Value: $69.836 million

Percent of Falcon Edge Capital’s Portfolio: 4.46%

Number of Hedge Fund Holders: 30

Avanti Acquisition Corp. (NYSE:AVAN) is incorporated in Caymen Islands and functions as a special purpose acquisition company. The company intends to affect a merger, asset acquisition, share exchange, stock purchase, and reorganization.

Avanti Acquisition Corp. (NYSE:AVAN) went public in October 2020 and raised $600 million from the initial public offering. The company has posted a net income of $1.263 million for Q2 2021. With its focus on family- and founder-led startups based in Europe, Avanti Acquisition Corp. (NYSE:AVAN) aims to acquire businesses having strong US nexus and global reach.

As of the second quarter of 2021, Falcon Edge Capital holds 7.2 million shares worth $69.836 million in the company, making Avanti Acquisition Corp. (NYSE:AVAN) the first on our list of top 10 SPACs to buy according to Richard Gerson’s Falcon Edge Capital. These shares account for 4.46% of the hedge fund’s 13F holdings. With this, Avanti Acquisition Corp. (NYSE:AVAN) ranks first on our list of top 10 SPACs to buy according to Richard Gerson’s Falcon Edge Capital.

According to the database of Insider Monkey tracking 873 hedge funds in Q2 2021, 30 funds have stakes in Avanti Acquisition Corp. (NYSE:AVAN), worth $335 million.

You can also take a peek at Top 10 Stocks to Buy According to Charles Pollnow’s Triple Frond Partners and 10 Best Safe Dividend Stocks According to Billionaire Dan Loeb.

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