Pace Holdings Corp.
PACEU
PACEU was delisted on the 9th of March, 2017.
29 hedge funds and large institutions have $189M invested in Pace Holdings Corp. in 2016 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 9 closing their positions.
22% less funds holding
Funds holding: 37 → 29 (-8)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
30% less capital invested
Capital invested by funds: $271M → $189M (-$82.7M)
89% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 9
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$1.79M |
| 2 |
PPA
Parametric Portfolio Associates
Seattle,
Washington
|
+$279K |
| 3 |
ACH
ArrowMark Colorado Holdings
Denver,
Colorado
|
+$131K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$61.1K |
| 5 |
VAM
Visium Asset Management
New York
|
+$52.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highbridge Capital Management
New York
|
-$33.4M |
| 2 |
Alyeska Investment Group
Chicago,
Illinois
|
-$20.4M |
| 3 |
PGC
Pacific Grove Capital
San Francisco,
California
|
-$5.86M |
| 4 |
LA
Linden Advisors
New York
|
-$5.05M |
| 5 |
PI
Putnam Investments
Boston,
Massachusetts
|
-$4.98M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Credit Agricole
Montrouge Cedex,
France
| $217K | -$13.3K | -1,329 | -6% |
|
|
BA
27
BlackRock Advisors
Wilmington,
Delaware
| $70K | – | – | – |
|
|
TRCT
28
Tower Research Capital (TRC)
New York
| $3K | -$80 | -8 | -3% |
|
29
Geode Capital Management
Boston,
Massachusetts
| $1.5K | – | – | – |
|
|
HCM
30
Highbridge Capital Management
New York
| – | -$33.4M | -3,275,589 | Closed |
|
|
31
Alyeska Investment Group
Chicago,
Illinois
| – | -$20.4M | -2,000,000 | Closed |
|
|
PGC
32
Pacific Grove Capital
San Francisco,
California
| – | -$5.86M | -574,930 | Closed |
|
|
LA
33
Linden Advisors
New York
| – | -$5.05M | -500,000 | Closed |
|
|
WRBC
34
W.R. Berkley Corp
Greenwich,
Connecticut
| – | -$4.36M | -427,164 | Closed |
|
|
GCM
35
Gruss Capital Management
New York
| – | -$2.04M | -200,000 | Closed |
|
|
6CM
36
683 Capital Management
New York
| – | -$1.02M | -100,000 | Closed |
|
|
KPF
37
K2 Principal Fund
Toronto,
Ontario, Canada
| – | -$1.01M | -99,000 | Closed |
|
38
UBS Group
Zurich,
Switzerland
| – | -$1K | -90 | Closed |
|
PACEU Hedge Fund Activity: Q1 2016 in Review
29 of the 3,753 institutional investors tracked by Wall St. Rank reported a position in Pace Holdings Corp. (PACEU) for Q1 2016, worth a combined $189M — down 30% from $271M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PACEU and 1 opened new positions — a net loss of 8 holders — while 8 trimmed existing stakes and 6 added.
The largest buyer was Deutsche Bank, adding an estimated $1.79M. The largest seller was Highbridge Capital Management, exiting entirely with an estimated $33.4M sold.
- 29 institutional investors held Pace Holdings Corp. (PACEU) as of Q1 2016, down from 37 in Q4 2015.
- Funds reported $189M of Pace Holdings Corp. stock for Q1 2016, down 30% quarter-over-quarter.
- 1 fund opened new Pace Holdings Corp. positions in Q1 2016 and 9 closed out, a net change of -8 holders.
- The largest Pace Holdings Corp. buyer in Q1 2016 was Deutsche Bank, an estimated $1.79M added.
- The largest Pace Holdings Corp. seller in Q1 2016 was Highbridge Capital Management, an estimated $33.4M sold.
Based on aggregated 13F filings for Q1 2016.