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.
49 hedge funds and large institutions have $139M 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 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 4 increasing their positions, 12 reducing their positions, and 57 closing their positions.
51% less funds holding
Funds holding: 101 → 49 (-52)
67% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 12
72% less capital invested
Capital invested by funds: $493M → $139M (-$355M)
91% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 57
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$2.03M |
| 2 |
D.E. Shaw & Co
New York
|
+$466K |
| 3 |
Jane Street
New York
|
+$401K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$364K |
| 5 |
Wolverine Trading
Chicago,
Illinois
|
+$185K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
Palestra Capital Management
New York
|
-$34.8M |
| 2 |
Blackstone Inc
New York
|
-$30.2M |
| 3 |
SCP
Soroban Capital Partners
New York
|
-$21.1M |
| 4 |
Millennium Management
New York
|
-$20M |
| 5 |
CS
Credit Suisse
Zurich,
Switzerland
|
-$17.4M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CCA
101
Castle Creek Arbitrage
Avon,
Colorado
| – | -$101K | -10,000 | Closed |
|
|
EAM
102
Exos Asset Management
New York
| – | -$34K | -3,382 | Closed |
|
103
Bank of Montreal
Toronto,
Ontario, Canada
| – | -$7K | -710 | Closed |
|
104
Fifth Third Bancorp
Cincinnati,
Ohio
| – | -$5K | -450 | Closed |
|
|
SWA
105
Sutton Wealth Advisors
Tampa,
Florida
| – | -$40 | -4 | Closed |
|
|
TRCT
106
Tower Research Capital (TRC)
New York
| – | +$366 | +36 | New |
|
CCVI.U Hedge Fund Activity: Q2 2021 in Review
49 of the 5,746 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 Q2 2021, worth a combined $139M — down 72% from $493M a quarter earlier.
Sellers outnumbered buyers: 57 funds closed out of CCVI.U and 5 opened new positions — a net loss of 52 holders — while 12 trimmed existing stakes and 4 added.
The largest buyer was Rivernorth Capital Management, adding an estimated $2.03M. The largest seller was Palestra Capital Management, exiting entirely with an estimated $34.8M sold.
- 49 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 Q2 2021, down from 101 in Q1 2021.
- Funds reported $139M 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 Q2 2021, down 72% quarter-over-quarter.
- 5 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 Q2 2021 and 57 closed out, a net change of -52 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 Q2 2021 was Rivernorth Capital Management, an estimated $2.03M 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 Q2 2021 was Palestra Capital Management, an estimated $34.8M sold.
Based on aggregated 13F filings for Q2 2021.