Churchill Capital Corp IV Units, each consisting of one share of Class A common stock and one-fifth
CCIV.U
CCIV.U was delisted on the 23rd of July, 2021.
66 hedge funds and large institutions have $783M invested in Churchill Capital Corp IV Units, each consisting of one share of Class A common stock and one-fifth in 2020 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 8 increasing their positions, 24 reducing their positions, and 54 closing their positions.
36% less capital invested
Capital invested by funds: $1.22B → $783M (-$438M)
37% less funds holding
Funds holding: 104 → 66 (-38)
45% less funds holding in top 10
Funds holding in top 10: 11 → 6 (-5)
67% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 24
69% less first-time investments, than exits
New positions opened: 17 | Existing positions closed: 54
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$76.9M |
| 2 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
+$9.68M |
| 3 |
AFM
Anson Funds Management
Dallas,
Texas
|
+$8.04M |
| 4 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$7.51M |
| 5 |
HSBC Holdings
London,
United Kingdom
|
+$6.01M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LA
Linden Advisors
New York
|
-$60.1M |
| 2 |
Blackstone Inc
New York
|
-$40.1M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$38.8M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$30.1M |
| 5 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$30.1M |
CCIV.U Hedge Fund Activity: Q4 2020 in Review
66 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Churchill Capital Corp IV Units, each consisting of one share of Class A common stock and one-fifth (CCIV.U) for Q4 2020, worth a combined $783M — down 36% from $1.22B a quarter earlier.
Sellers outnumbered buyers: 54 funds closed out of CCIV.U and 17 opened new positions — a net loss of 37 holders — while 24 trimmed existing stakes and 8 added.
The largest buyer was Aristeia Capital, adding an estimated $76.9M. The largest seller was Linden Advisors, exiting entirely with an estimated $60.1M sold.
- 66 institutional investors held Churchill Capital Corp IV Units, each consisting of one share of Class A common stock and one-fifth (CCIV.U) as of Q4 2020, down from 104 in Q3 2020.
- Funds reported $783M of Churchill Capital Corp IV Units, each consisting of one share of Class A common stock and one-fifth stock for Q4 2020, down 36% quarter-over-quarter.
- 17 funds opened new Churchill Capital Corp IV Units, each consisting of one share of Class A common stock and one-fifth positions in Q4 2020 and 54 closed out, a net change of -37 holders.
- The largest Churchill Capital Corp IV Units, each consisting of one share of Class A common stock and one-fifth buyer in Q4 2020 was Aristeia Capital, an estimated $76.9M added.
- The largest Churchill Capital Corp IV Units, each consisting of one share of Class A common stock and one-fifth seller in Q4 2020 was Linden Advisors, an estimated $60.1M sold.
Based on aggregated 13F filings for Q4 2020.