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.
18 hedge funds and large institutions have $21.9M 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 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 4 reducing their positions, and 7 closing their positions.
22% less funds holding
Funds holding: 23 → 18 (-5)
25% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 4
29% less capital invested
Capital invested by funds: $31M → $21.9M (-$9.04M)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
+$588K |
| 2 |
BFM
Boothbay Fund Management
New York
|
+$199K |
| 3 |
VF
Virtu Financial
New York
|
+$146K |
| 4 |
Jane Street
New York
|
+$4.8K |
| 5 |
SC
Sculptor Capital
New York
|
+$50 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
MSD Partners
New York
|
-$5M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$3.74M |
| 3 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
-$503K |
| 4 |
PCM
Prelude Capital Management
New York
|
-$500K |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$150K |
CCVI.U Hedge Fund Activity: Q1 2023 in Review
18 of the 6,283 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 2023, worth a combined $21.9M — down 29% from $31M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of CCVI.U and 2 opened new positions — a net loss of 5 holders — while 4 trimmed existing stakes and 3 added.
The largest buyer was Sandia Investment Management, adding an estimated $588K. The largest seller was MSD Partners, exiting entirely with an estimated $5M sold.
- 18 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 2023, down from 23 in Q4 2022.
- Funds reported $21.9M 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 2023, down 29% quarter-over-quarter.
- 2 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 2023 and 7 closed out, a net change of -5 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 Q1 2023 was Sandia Investment Management, an estimated $588K 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 2023 was MSD Partners, an estimated $5M sold.
Based on aggregated 13F filings for Q1 2023.