Managers / Q4 2022 · view latest →
Flow State Investments, L.P.
CIK 0001850755 · 155 N WACKER DRIVE, STE 1760, CHICAGO, IL, 60606 · 773-938-9600
Reported Value
$115M
Q4 2022
Positions
171
Filings on Record
9
2019–present window
Filed
Feb 14, 2023
original filing
Summary
Flow State Investments, L.P. reported $115M in U.S.-listed holdings across 171 positions for Q4 2022.
Its largest position, Store Cap, represents 9.7% of the portfolio.
Portfolio Metrics
Top-10 Concentration
+57.5%
share of reported value
Largest Position
+9.7%
Store Cap
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
13F Reported Value
Portfolio Composition
By security type
- Common Stock · 48.4% · $56M
- Other · 41.9% · $48M
- REIT · 9.7% · $11M
- Equity WRT · 0.0% · $41,211
- Right · 0.0% · $1,400
Quarter-over-Quarter Changes full breakdown →
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| STORE CAP CORP | NEW | +346.6K | 346.6K | +$11M | $11M |
| EVO PMTS INC | NEW | +300.0K | 300.0K | +$10M | $10M |
| COWEN INC | NEW | +260.0K | 260.0K | +$10M | $10M |
| MYOVANT SCIENCES LTD | NEW | +280.0K | 280.0K | +$8M | $8M |
| VMWARE INC | NEW | +44.0K | 44.0K | +$5M | $5M |
| ALTRA INDL MOTION CORP | NEW | +85.0K | 85.0K | +$5M | $5M |
| FHNFIRST HORIZON CORPORATION | NEW | +180.0K | 180.0K | +$4M | $4M |
| RMG ACQUISITION CORP III | NEW | +426.6K | 426.6K | +$4M | $4M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2022
158 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | STORE CAP CORP | COM | 9.68% | $11M | 346.6K |
| 2 | EVO PMTS INC | CL A COM | 8.85% | $10M | 300.0K |
| 3 | COWEN INC | CL A NEW | 8.75% | $10M | 260.0K |
| 4 | MYOVANT SCIENCES LTD | COM | 6.58% | $8M | 280.0K |
| 5 | VMWARE INC | CL A COM | 4.70% | $5M | 44.0K |
| 6 | ALTRA INDL MOTION CORP | COM | 4.43% | $5M | 85.0K |
| 7 | FHNFIRST HORIZON CORPORATIONhistory → | COM | 3.84% | $4M | 180.0K |
| 8 | RMG ACQUISITION CORP III | CL A SHS | 3.75% | $4M | 426.6K |
| 9 | FTAC ZEUS ACQUISITION COR | CLASS A COM · *W EXP 04/15/202 | 3.64% | $4M | 532.7K |
| 10 | ACIALBERTSONS COS INChistory → | COMMON STOCK | 3.32% | $4M | 184.0K |
| 11 | ATEKATHENA TECHNOLOGY ACQ CORP I | CL A COM · *W EXP 10/17/202 | 3.17% | $4M | 439.1K |
| 12 | ARES ACQUISITION CORPORATION | COM CL A · *W EXP 02/02/202 | 3.13% | $4M | 485.6K |
| 13 | FAR PEAK ACQUISITION CORP | SHS CL A | 2.94% | $3M | 336.2K |
| 14 | TSEMTOWER SEMICONDUCTOR LTDhistory → | SHS NEW | 2.86% | $3M | 76.0K |
| 15 | DIAMONDHEAD HOLDINGS CORP | CL A | 2.29% | $3M | 261.5K |
| 16 | VIVINT SMART HOME INC | COM CL A | 2.08% | $2M | 200.3K |
| 17 | 10X CAPITAL VENTURE ACQ III | CL A ORD SHS · *W EXP 06/30/202 | 2.05% | $2M | 329.5K |
| 18 | HORIZON THERAPEUTICS PUB L | SHS | 1.98% | $2M | 20.0K |
| 19 | PROSPECTOR CAPITAL CORP | CL A | 1.76% | $2M | 200.0K |
| 20 | IMAGO BIOSCIENCES INC | COM | 1.74% | $2M | 55.5K |
| 21 | MACONDRAY CAP ACQUISITN CORP | CLASS A ORD SHS | 1.36% | $2M | 153.5K |
| 22 | SIGNIFY HEALTH INC | CL A COM | 1.33% | $2M | 53.2K |
| 23 | COLBCOLUMBIA BKG SYS INChistory → | COM | 1.26% | $1M | 47.9K |
| 24 | LHC GROUP INC | COM | 1.20% | $1M | 8.5K |
| 25 | COUPA SOFTWARE INC | COM | 1.17% | $1M | 17.0K |
| 26 | 1LIFE HEALTHCARE INC | COM | 1.16% | $1M | 80.0K |
| 27 | BLACK KNIGHT INC | COM | 1.08% | $1M | 20.0K |
| 28 | INTERPRIVATE III FINANCIAL P | COM CL A | 1.06% | $1M | 120.0K |
| 29 | MAXAR TECHNOLOGIES INC | COM | 0.90% | $1M | 20.0K |
| 30 | AEROJET ROCKETDYNE HLDGS INC | COM | 0.73% | $838,950 | 15.0K |
| 31 | LEGATO MERGER CORP II | COM | 0.57% | $651,368 | 64.0K |
| 32 | RICE ACQUISITION CORP II | SHS CL A · *W EXP 99/99/999 | 0.48% | $556,142 | 64.6K |
| 33 | ACTIVISION BLIZZARD INC | COM | 0.47% | $535,850 | 7.0K |
| 34 | MSD ACQUISITION CORP | CLASS A ORD SHS · *W EXP 03/25/202 | 0.45% | $510,700 | 130.0K |
| 35 | ARTEMIS STRATEGIC INVT CORP | COM CL A | 0.44% | $510,500 | 50.0K |
| 36 | KHOSLA VENTURES ACQUT CO III | COM CL A | 0.43% | $497,750 | 50.0K |
| 37 | UTA ACQUISITION CORPORATION | CLASS A ORD SHS · *W EXP 10/30/202 | 0.39% | $449,541 | 133.1K |
| 38 | D AND Z MEDIA ACQUISITION CO | COM CL A · *W EXP 01/27/202 | 0.39% | $448,507 | 67.8K |
| 39 | INTERPRIVATE IV INFRATECH PR | CLASS A COM · *W EXP 03/05/202 | 0.39% | $443,612 | 93.5K |
| 40 | MELI KASZEK PIONEER CORP | CLASS A ORD | 0.34% | $392,733 | 39.4K |
| 41 | CARNEY TECHNOLOGY ACQU CORP | CL A COMMON STK · *W EXP 11/30/202 | 0.32% | $369,995 | 126.4K |
| 42 | KAIROS ACQUISITION CORP | CL A SHS | 0.32% | $366,730 | 36.4K |
| 43 | METALS ACQUISITION CORP | SHS CL A | 0.32% | $362,161 | 36.2K |
| 44 | SPRING VALLEY ACQUISTN CORP | CLASS A ORD · RIGHT 02/25/2026 · *W EXP 02/25/202 | 0.25% | $292,191 | 193.2K |
| 45 | CNDACONCORD ACQUISITION CORP II | COM CL A | 0.22% | $248,625 | 25.0K |
| 46 | DRAGONEER GROWTH OPT CORP II | CL A SHS | 0.21% | $246,500 | 25.0K |
| 47 | TPG PACE BENEFICIAL II CORP | COMMON STOCK | 0.21% | $245,625 | 25.0K |
| 48 | WARBURG PINCUS CAPTAL CORP I | SHS CL A | 0.18% | $201,800 | 20.0K |
| 49 | MASON INDUSTRIAL TECHNOLGY I | COM CL A | 0.16% | $181,219 | 18.1K |
| 50 | LVWRLIVEWIRE GROUP INC | COM | 0.15% | $168,940 | 34.8K |
| 51 | KHOSLA VENTURES ACQUISITION | CL A | 0.12% | $140,409 | 14.1K |
| 52 | PRIME IMPACT ACQUISITION I | SHS CL A | 0.09% | $102,600 | 10.0K |
| 53 | BLUESCAPE OPPORTUNITIES ACQU | *W EXP 10/28/202 | 0.02% | $17,446 | 109.0K |
| 54 | GOLDEN FALCON ACQUISITION CO | *W EXP 11/04/202 | 0.02% | $17,250 | 115.0K |
| 55 | KENSINGTON CAPITAL ACQUISITI | *W EXP 99/99/999 | 0.01% | $15,538 | 91.4K |
| 56 | GOGREEN INVESTMENTS CORP | *W EXP 05/31/202 | 0.01% | $12,923 | 39.2K |
| 57 | MIRION TECHNOLOGIES INC | *W EXP 10/20/202 | 0.01% | $12,208 | 10.9K |
| 58 | ESM ACQUISITION CORPORATION | *W EXP 02/02/202 | 0.01% | $9,886 | 85.0K |
| 59 | GCMGWGCM GROSVENOR INC | *W EXP 11/17/202 | 0.01% | $9,070 | 20.6K |
| 60 | NABORS ENERGY TRANSITION COR | *W EXP 11/17/202 | 0.01% | $8,700 | 150.0K |
| 61 | ACROPOLIS INFRASTRUCTURE ACQ | *W EXP 03/30/202 | 0.01% | $8,033 | 66.9K |
| 62 | SENIOR CONNECT ACQUISITN COR | *W EXP 12/31/202 | 0.01% | $7,513 | 125.0K |
| 63 | KIMBELL TIGER ACQUISITION CO | *W EXP 09/15/202 | 0.01% | $7,500 | 50.0K |
| 64 | CNXXWCONX CORP | *W EXP 10/30/202 | 0.01% | $7,485 | 49.9K |
| 65 | 7GC & CO HOLDINGS INC | *W EXP 12/28/202 | 0.01% | $7,000 | 100.0K |
| 66 | AMPX/WSAMPRIUS TECHNOLOGIES INC | *W EXP 09/14/202 | 0.01% | $6,122 | 21.1K |
| 67 | TORTOISEECOFIN ACQUISITION C | *W EXP 07/22/202 | 0.01% | $6,083 | 30.4K |
| 68 | EG ACQUISITION CORP | *W EXP 05/28/202 | 0.01% | $5,790 | 30.0K |
| 69 | BRIDGETOWN HOLDINGS LTD | *W EXP 09/30/202 | 0.00% | $5,622 | 45.6K |
| 70 | CLEAN EARTH ACQUISITIONS COR | *W EXP 99/99/999 | 0.00% | $5,606 | 77.3K |
| 71 | XPAC ACQUISITION CORP | *W EXP 99/99/999 | 0.00% | $5,606 | 34.6K |
| 72 | GRINDR INC | *W EXP 11/18/202 | 0.00% | $5,433 | 11.3K |
| 73 | APOLLO STRATEGIC GRWT CPTL I | *W EXP 02/12/202 | 0.00% | $4,505 | 32.2K |
| 74 | PATRIA LATIN AMRCN OPPRNTY A | *W EXP 02/23/202 | 0.00% | $4,365 | 48.5K |
| 75 | IRRXWINTEGRATED RAIL AND RES ACQ | *W EXP 99/99/999 | 0.00% | $4,200 | 30.0K |
| 76 | CF ACQUISITION CORP IV | *W EXP 12/31/202 | 0.00% | $4,189 | 54.4K |
| 77 | POWERUP ACQUISITION CORP | *W EXP 05/23/202 | 0.00% | $3,999 | 50.0K |
| 78 | ALTITUDE ACQUISITION CORP | *W EXP 11/30/202 | 0.00% | $3,803 | 65.0K |
| 79 | ANZU SPECIAL ACQUISITIN CORP | *W EXP 01/27/202 | 0.00% | $3,800 | 100.0K |
| 80 | ATHENA CONSUMER ACQ CORP | *W EXP 07/31/202 | 0.00% | $3,657 | 31.4K |
| 81 | SOUND POINT ACQUISITION CORP | *W EXP 02/25/202 | 0.00% | $3,559 | 31.1K |
| 82 | DMY TECHNOLOGY GROUP INC VI | *W EXP 99/99/999 | 0.00% | $3,506 | 33.4K |
| 83 | BITE ACQUISITION CORP | *W EXP 02/12/203 | 0.00% | $3,453 | 57.6K |
| 84 | ECARX HOLDINGS INC | *W EXP 12/20/202 | 0.00% | $3,434 | 35.0K |
| 85 | COMPUTE HEALTH ACQUISITIN CO | *W EXP 01/25/202 | 0.00% | $3,369 | 30.0K |
| 86 | BLEUACACIA LTD | RIGHT 10/30/2026 | 0.00% | $3,286 | 38.7K |
| 87 | EQRX INC | *W EXP 12/17/202 | 0.00% | $3,274 | 12.2K |
| 88 | NEW VISTA ACQUISITION CORP | *W EXP 02/01/202 | 0.00% | $3,231 | 56.0K |
| 89 | ENPHYS ACQUISITION CORP | *W EXP 99/99/999 | 0.00% | $3,177 | 39.7K |
| 90 | AEAEWALTENERGY ACQUISITION CORP | *W EXP 10/29/202 | 0.00% | $3,090 | 30.0K |
| 91 | BLOCKCHAIN COINVSTRS ACQ CRP | *W EXP 11/01/202 | 0.00% | $3,000 | 40.0K |
| 92 | SELINA HOSPITALITY PLC | *W EXP 10/27/202 | 0.00% | $2,914 | 36.4K |
| 93 | CONCORD ACQUISITION CORP III | *W EXP 99/99/999 | 0.00% | $2,908 | 42.8K |
| 94 | ZIMMER ENERGY TRANSITION ACQ | *W EXP 06/16/202 | 0.00% | $2,866 | 17.9K |
| 95 | JAWS MUSTANG ACQUISITION COR | *W EXP 01/30/202 | 0.00% | $2,808 | 43.2K |
| 96 | WHOLE EARTH BRANDS INC | *W EXP 06/25/202 | 0.00% | $2,760 | 12.0K |
| 97 | EVE MOBILITY ACQUISITION COR | *W EXP 12/31/202 | 0.00% | $2,672 | 52.1K |
| 98 | PUCKWGOAL ACQUISITIONS CORP | *W EXP 02/11/202 | 0.00% | $2,561 | 55.0K |
| 99 | ANDRETTI ACQUISITION CORP | *W EXP 99/99/999 | 0.00% | $2,550 | 36.2K |
| 100 | IMAQRINTERNATIONAL MEDIA ACQUISIT | RIGHT 99/99/9999 · *W EXP 07/21/202 | 0.00% | $2,520 | 55.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q4 2024 | $0 | 1 | Feb 13, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $245M | 48 | Nov 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $317M | 207 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $350M | 227 | May 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $318M | 221 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $323M | 225 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $261M | 219 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $123M | 196 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $115M | 171 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.