Churchill Capital Corp V Units, each consisting of one share of Class A common stock, and one-fourth of one redeemable warrant
CCV.U
CCV.U was delisted on the 16th of October, 2023.
42 hedge funds and large institutions have $160M invested in Churchill Capital Corp V Units, each consisting of one share of Class A common stock, and one-fourth of one redeemable warrant in 2021 Q1 according to their latest regulatory filings, with 13 funds opening new positions, 5 increasing their positions, 13 reducing their positions, and 61 closing their positions.
53% less funds holding
Funds holding: 90 → 42 (-48)
62% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 13
67% less capital invested
Capital invested by funds: $491M → $160M (-$331M)
79% less first-time investments, than exits
New positions opened: 13 | Existing positions closed: 61
100% less funds holding in top 10
Funds holding in top 10: 4 → 0 (-4)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Credit Suisse
Zurich,
Switzerland
|
+$17.5M |
| 2 |
Goldman Sachs
New York
|
+$3.54M |
| 3 |
AllianceBernstein
Nashville,
Tennessee
|
+$3.49M |
| 4 |
QGA
Q Global Advisors
Fort Worth,
Texas
|
+$2.24M |
| 5 |
TCM
Tuttle Capital Management
Riverside,
Connecticut
|
+$1.52M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$42.5M |
| 2 |
PI
PEAK6 Investments
Chicago,
Illinois
|
-$26.3M |
| 3 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$23.6M |
| 4 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$22.1M |
| 5 |
Millennium Management
New York
|
-$22M |
CCV.U Hedge Fund Activity: Q1 2021 in Review
42 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Churchill Capital Corp V Units, each consisting of one share of Class A common stock, and one-fourth of one redeemable warrant (CCV.U) for Q1 2021, worth a combined $160M — down 67% from $491M a quarter earlier.
Sellers outnumbered buyers: 61 funds closed out of CCV.U and 13 opened new positions — a net loss of 48 holders — while 13 trimmed existing stakes and 5 added.
The largest buyer was Credit Suisse, opening a new position worth an estimated $17.5M. The largest seller was Adage Capital Partners, exiting entirely with an estimated $42.5M sold.
- 42 institutional investors held Churchill Capital Corp V Units, each consisting of one share of Class A common stock, and one-fourth of one redeemable warrant (CCV.U) as of Q1 2021, down from 90 in Q4 2020.
- Funds reported $160M of Churchill Capital Corp V Units, each consisting of one share of Class A common stock, and one-fourth of one redeemable warrant stock for Q1 2021, down 67% quarter-over-quarter.
- 13 funds opened new Churchill Capital Corp V Units, each consisting of one share of Class A common stock, and one-fourth of one redeemable warrant positions in Q1 2021 and 61 closed out, a net change of -48 holders.
- The largest Churchill Capital Corp V Units, each consisting of one share of Class A common stock, and one-fourth of one redeemable warrant buyer in Q1 2021 was Credit Suisse, an estimated $17.5M added.
- The largest Churchill Capital Corp V Units, each consisting of one share of Class A common stock, and one-fourth of one redeemable warrant seller in Q1 2021 was Adage Capital Partners, an estimated $42.5M sold.
Based on aggregated 13F filings for Q1 2021.