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.
38 hedge funds and large institutions have $106M 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 2021 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 15 closing their positions.
22% less funds holding
Funds holding: 49 → 38 (-11)
23% less capital invested
Capital invested by funds: $139M → $106M (-$32.5M)
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
73% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CHP
Castle Hook Partners
New York
|
+$1.5M |
| 2 |
BFM
Boothbay Fund Management
New York
|
+$120K |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
+$102K |
| 4 |
VF
Virtu Financial
New York
|
+$78.6K |
| 5 |
GCL
Glazer Capital LLC
New York
|
+$55.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$28.3M |
| 2 |
D.E. Shaw & Co
New York
|
-$12.8M |
| 3 |
AFM
Anson Funds Management
Dallas,
Texas
|
-$8.01M |
| 4 |
Millennium Management
New York
|
-$4.66M |
| 5 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$4.06M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MAM
51
Myriad Asset Management
North Point,
Hong Kong
| – | -$242K | -23,913 | Closed |
|
|
MTIM
52
Marathon Trading Investment Management
Radnor,
Pennsylvania
| – | -$104K | -10,283 | Closed |
|
53
Osaic Holdings
Scottsdale,
Arizona
| – | -$6K | -600 | Closed |
|
CCVI.U Hedge Fund Activity: Q3 2021 in Review
38 of the 5,713 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 Q3 2021, worth a combined $106M — down 23% from $139M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of CCVI.U and 4 opened new positions — a net loss of 11 holders — while 9 trimmed existing stakes and 5 added.
The largest buyer was Castle Hook Partners, opening a new position worth an estimated $1.5M. The largest seller was Empyrean Capital Partners, exiting entirely with an estimated $28.3M sold.
- 38 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 Q3 2021, down from 49 in Q2 2021.
- Funds reported $106M 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 Q3 2021, down 23% 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 Q3 2021 and 15 closed out, a net change of -11 holders.
- 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 Q3 2021 was Castle Hook Partners, an estimated $1.5M 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 Q3 2021 was Empyrean Capital Partners, an estimated $28.3M sold.
Based on aggregated 13F filings for Q3 2021.