Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant
CCVI.U
CCVI.U was delisted on the 1st of December, 2023.
32 hedge funds and large institutions have $70.8M invested in Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant in 2022 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 6 reducing their positions, and 5 closing their positions.
3% less funds holding
Funds holding: 33 → 32 (-1)
18% less capital invested
Capital invested by funds: $86.7M → $70.8M (-$15.8M)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
50% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$991K |
| 2 |
PCM
Prelude Capital Management
New York
|
+$496K |
| 3 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
+$204K |
| 4 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$72.8K |
| 5 |
Osaic Holdings
Scottsdale,
Arizona
|
+$1.49K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
MSD Partners
New York
|
-$9.91M |
| 2 |
BGC
Birch Grove Capital
New York
|
-$3.98M |
| 3 |
Millennium Management
New York
|
-$1.49M |
| 4 |
GCL
Glazer Capital LLC
New York
|
-$938K |
| 5 |
TAL
TIG Advisors LLC
New York
|
-$305K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SIC
26
Salem Investment Counselors
Winston Salem,
North Carolina
| $9K | – | – | – |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $9K | +$99 | +10 | +1% |
|
|
SFM
28
Spartan Fund Management
Toronto, Ontario,
Canada
| $7K | +$5.95K | +600 | New |
|
|
PFSC
29
Peoples Financial Services Corp
Dunmore,
Pennsylvania
| $5K | – | – | – |
|
|
GCL
30
Glazer Capital LLC
New York
| $3K | -$938K | -94,615 | -100% |
|
|
BWM
31
BerganKDV Wealth Management
Bloomington,
Minnesota
| $1K | – | – | – |
|
|
32
Osaic Holdings
Scottsdale,
Arizona
| $1K | +$1.49K | +150 | New |
|
|
BGC
33
Birch Grove Capital
New York
| – | -$3.98M | -400,000 | Closed |
|
|
TAL
34
TIG Advisors LLC
New York
| – | -$305K | -30,650 | Closed |
|
|
PSAMP
35
P. Schoenfeld Asset Management (PSAM)
New York
| – | -$249K | -25,000 | Closed |
|
|
VF
36
Virtu Financial
New York
| – | -$121K | -12,107 | Closed |
|
|
AA
37
Ancora Advisors
Cleveland,
Ohio
| – | -$29K | -2,900 | Closed |
|
CCVI.U Hedge Fund Activity: Q1 2022 in Review
32 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant (CCVI.U) for Q1 2022, worth a combined $70.8M — down 18% from $86.7M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of CCVI.U and 4 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 3 added.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $991K. The largest seller was MSD Partners, cutting an estimated $9.91M.
- 32 institutional investors held Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant (CCVI.U) as of Q1 2022, down from 33 in Q4 2021.
- Funds reported $70.8M of Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant stock for Q1 2022, down 18% quarter-over-quarter.
- 4 funds opened new Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant positions in Q1 2022 and 5 closed out, a net change of -1 holder.
- The largest Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant buyer in Q1 2022 was Rivernorth Capital Management, an estimated $991K added.
- The largest Churchill Capital Corp VI Units, each consisting of one share of Class A common stock, and one-fifth of one redeemable warrant seller in Q1 2022 was MSD Partners, an estimated $9.91M sold.
Based on aggregated 13F filings for Q1 2022.