Sculptor Capital Rebalances
Sculptor Capital Rebalances Portfolio in Q1, Reducing Cyclicals and Increasing Tech Stakes
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Key Points
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In D. Boral ARC Acquisition I Corp (BCAR), beyond Sculptor Capital's 33.3% trim to 500,000 shares, other major holders also adjusted positions: Radcliffe Capital Management L.P. increased to 549,672 shares (+20.7%), Wolverine Asset Management LLC rose to 1,134,863 shares (+33.5%), and DLD Asset Management LP more than doubled to 400,000 shares (+200%), with Magnetar Financial LLC and HighTower Advisors LLC both initiating new positions in the prior quarter.
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Park Hotels & Resorts saw a pronounced shift in ownership beyond Sculptor’s sale: Millennium Management increased its stake by 849.3% to 523,851 shares, and Amundi raised its position by 1.9% to 115,143 shares, highlighting broader institutional rotation in the name (about 92.69% of stock is owned by hedge funds and institutional investors).
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Ford Motor Company activity showed Sculptor cutting almost all of its stake: a 99.5% reduction to 347,486 shares after selling 64,652,514 shares, with hedge funds and institutional investors owning about 58.74% of the stock.
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Taiwan Semiconductor Manufacturing Company (TSM) remains a sizeable, growing core for Sculptor: the fund increased its stake by 90,000 shares to 323,000 (about $109.16 million, roughly 1.1% of Sculptor’s portfolio) and TSM ranks as Sculptor’s 17th-largest position; multiple other funds also added to their TSM holdings.
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In BCAR-related coverage, Weiss Ratings reissued a sell (e+) rating on D. Boral ARC Acquisition I Corp, signaling ongoing caution around the deal SPAC and related equities.
Sculptor Capital LP trimmed its stake in D. Boral ARC Acquisition I Corp. (BCAR) by 33.3% during the first quarter, selling 250,000 shares and leaving the fund with 500,000 shares worth about $5.06 million, according to Ticker Report. The move was part of a sweeping portfolio reshuffle that also saw the firm slash its Ford Motor holdings by 99.5% while doubling down on Taiwan Semiconductor Manufacturing.
The adjustments reflect a clear strategy: cut exposure to cyclical stocks and build up a core semiconductor bet. Sculptor's TSMC stake is now worth roughly $109.2 million — its 17th-largest position — after the fund added 90,000 shares, a 38.6% increase, per Watchlist News.
BCAR Shares Change Hands as Institutions Rotate
Sculptor was not alone in adjusting its BCAR position. Wolverine Asset Management jumped its stake by 33.5% to 1,134,863 shares, per Watchlist News. DLD Asset Management more than doubled its holding, adding shares to reach 400,000 — a 200% increase. Radcliffe Capital Management climbed 20.7% to 549,672 shares. Magnetar Financial and HighTower Advisors both opened new positions in the prior quarter.
Despite that buying activity, Weiss Ratings kept a sell rating — graded E+ — on BCAR, signaling caution around the deal SPAC. That rating suggests analysts see limited upside even as institutional money flows in. A SPAC, or special purpose acquisition company, is a shell firm created to merge with a private company and take it public.
Sculptor Dumps Nearly All of Its Ford Shares
The Ford move was dramatic. Sculptor sold 64,652,514 shares — keeping just 347,486, per Ticker Report. That is a 99.5% reduction. The sale signals a sharp exit from one of the most widely held names in the auto sector. Hedge funds and institutional investors still own about 58.74% of Ford's total stock.
The timing lines up with broad institutional rotation away from cyclical stocks in Q1. Ford has faced pressure from slowing EV demand and rising costs. Sculptor's near-total exit suggests the fund sees better opportunities elsewhere — including in semiconductors.
Taiwan Semiconductor Becomes a Core Sculptor Bet
Sculptor added 90,000 shares of TSMC in Q1, bringing its total to 323,000 shares worth about $109.2 million, according to Watchlist News. That makes TSMC the fund's 17th-largest position. At roughly 1.1% of Sculptor's full portfolio, it signals real conviction — not just a small side bet.
Other funds also added to TSMC during the quarter. The broad move into the stock reflects growing confidence in global chip demand, especially as AI hardware spending rises. TSMC makes chips for Apple, Nvidia, and dozens of other major tech firms.
Park Hotels Ownership Shifts as Millennium Surges In
Sculptor also cut its Park Hotels & Resorts stake by roughly half, leaving 3.25 million shares worth about $34.2 million, per Ticker Report. But others moved in hard. Millennium Management raised its Park Hotels stake by 849.3% to 523,851 shares. Amundi nudged its position up 1.9% to 115,143 shares.
About 92.69% of Park Hotels stock is owned by hedge funds and institutional investors. The diverging moves — Sculptor selling while Millennium surges in — point to a split view on the hotel REIT's near-term outlook. A REIT, or real estate investment trust, is a company that owns income-producing properties.
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