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

2. Equity Distribution Acquisition Corp. (NYSE:EQD)

Falcon Edge Capital’s Stake Value: $106 million

Percent of Falcon Edge Capital’s Portfolio: 11.52%

Number of Hedge Fund Holders: 62

Equity Distribution Acquisition (NYSE:EQD) was founded by Bill Galvin and Sam Zell and is focused on finding targets based in North America and operating in the industrial sector.

Equity Distribution Acquisition (NYSE:EQD) went public on September 16, 2020. Equity Distribution Acquisition (NYSE:EQD) is a medium-cap company with a market capitalization of $508.7 million. The company is still searching for target businesses with technology-based industrial solutions.

As of the second quarter of 2021, Falcon Edge Capital holds 5.34 million shares in Equity Distribution Acquisition (NYSE:EQD) valued at $52.652 million. These shares account for 3.36% of the 13F holdings of Falcon Edge Capital. With this, Equity Distribution Acquisition (NYSE:EQD) ranks second 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, 33 have stakes in Equity Distribution Acquisition (NYSE:EQD), worth $205.4 million. This number has increased from 32 in the Q1 of 2021, worth $215 million.