PROOF Acquisition Corp I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
PACI.U
PACI.U was delisted on the 1st of December, 2023.
21 hedge funds and large institutions have $51.2M invested in PROOF Acquisition Corp I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant in 2022 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 7 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
22% less funds holding
Funds holding: 27 → 21 (-6)
38% less capital invested
Capital invested by funds: $82.3M → $51.2M (-$31M)
86% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$368K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$162K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$4.97K |
| 4 |
CS
Clear Street
New York
|
+$3.99K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Verition Fund Management
Greenwich,
Connecticut
|
-$3.44M |
| 2 |
GCM
Ghisallo Capital Management
Boston,
Massachusetts
|
-$1.5M |
| 3 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$1.1M |
| 4 |
JP Morgan Chase
New York
|
-$1M |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
-$450K |
PACI.U Hedge Fund Activity: Q2 2022 in Review
21 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in PROOF Acquisition Corp I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant (PACI.U) for Q2 2022, worth a combined $51.2M — down 38% from $82.3M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PACI.U and 1 opened new positions — a net loss of 6 holders — while 2 trimmed existing stakes and 3 added.
The largest buyer was Mangrove Partners, adding an estimated $368K. The largest seller was Verition Fund Management, exiting entirely with an estimated $3.44M sold.
- 21 institutional investors held PROOF Acquisition Corp I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant (PACI.U) as of Q2 2022, down from 27 in Q1 2022.
- Funds reported $51.2M of PROOF Acquisition Corp I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant stock for Q2 2022, down 38% quarter-over-quarter.
- 1 fund opened new PROOF Acquisition Corp I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant positions in Q2 2022 and 7 closed out, a net change of -6 holders.
- The largest PROOF Acquisition Corp I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant buyer in Q2 2022 was Mangrove Partners, an estimated $368K added.
- The largest PROOF Acquisition Corp I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant seller in Q2 2022 was Verition Fund Management, an estimated $3.44M sold.
Based on aggregated 13F filings for Q2 2022.