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PACI.U

PROOF Acquisition Corp I Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant
PACI.U

Delisted

PACI.U was delisted on the 1st of December, 2023.

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27 hedge funds and large institutions have $82.3M 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 Q1 according to their latest regulatory filings, with 0 funds opening new positions, 1 increasing their positions, 5 reducing their positions, and 55 closing their positions.

New
Increased
Maintained
Reduced
Closed

67% less funds holding

Funds holding: 82 → 27 (-55)

69% less capital invested

Capital invested by funds: $270M → $82.3M (-$187M)

80% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 5

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 55

Holders
27
Holders Change
-55
Holders Change %
-67.07%
% of All Funds
0.43%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
–
Increased
1
Reduced
5
Closed
55
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
RL
RPO LLC
Connecticut
+$80.2K

Top Sellers

1
CSS
Cubist Systematic Strategies
Connecticut
-$13.1M
2
HCM
Highbridge Capital Management
New York
-$10.1M
3
AC
Aristeia Capital
Connecticut
-$9.51M
4
Goldman Sachs
Goldman Sachs
New York
-$8.63M
5
Balyasny Asset Management
Balyasny Asset Management
Illinois
-$7.51M
Name Holding Trade Value Shares
Change 		Change in
Stake
MF
1
Magnetar Financial
Illinois
$23.6M -$144K -14,400 -0.6%
Calamos Advisors
2
Calamos Advisors
Illinois
$15M – – –
CCA
3
Castle Creek Arbitrage
Colorado
$6.09M – – –
BCM
4
Basso Capital Management
Connecticut
$5.01M – – –
SIM
5
Sandia Investment Management
Massachusetts
$4.01M – – –
MP
6
Mangrove Partners
Connecticut
$4.01M – – –
ACM
7
Atalaya Capital Management
New York
$3.99M – – –
WCMNY
8
Westchester Capital Management (New York)
New York
$3.97M – – –
Verition Fund Management
9
Verition Fund Management
Connecticut
$3.44M -$6M -600,000 -63%
RCM
10
Rivernorth Capital Management
Florida
$2.2M – – –
LP
11
LMR Partners
United Kingdom
$1.5M – – –
GCM
12
Ghisallo Capital Management
Massachusetts
$1.5M – – –
BFM
13
Boothbay Fund Management
New York
$1.43M – – –
T. Rowe Price Associates
14
T. Rowe Price Associates
Maryland
$1.11M – – –
CIM
15
Cowen Investment Management
New York
$1M – – –
JP Morgan Chase
16
JP Morgan Chase
New York
$1M – – –
SSA
17
Schonfeld Strategic Advisors
New York
$849K -$650K -64,975 -43%
RL
18
RPO LLC
Connecticut
$607K +$80.2K +8,019 +15%
ICM
19
III Capital Management
Florida
$501K – – –
Walleye Capital
20
Walleye Capital
New York
$481K – – –
Walleye Trading
21
Walleye Trading
New York
$271K – – –
TI
22
Tidal Investments
Wisconsin
$260K – – –
RCM
23
Robinson Capital Management
Michigan
$259K – – –
COPPSERS
24
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$200K – – –
UBS Group
25
UBS Group
Switzerland
$10K – – –
1
2 3 4

PACI.U Hedge Fund Activity: Q1 2022 in Review

27 of the 6,340 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 Q1 2022, worth a combined $82.3M — down 69% from $270M a quarter earlier.

Sellers outnumbered buyers: 55 funds closed out of PACI.U and 0 opened new positions — a net loss of 55 holders — while 5 trimmed existing stakes and 1 added.

The largest buyer was RPO LLC, adding an estimated $80.2K. The largest seller was Cubist Systematic Strategies, exiting entirely with an estimated $13.1M sold.

  • 27 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 Q1 2022, down from 82 in Q4 2021.
  • Funds reported $82.3M 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 Q1 2022, down 69% quarter-over-quarter.
  • 0 funds 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 Q1 2022 and 55 closed out, a net change of -55 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 Q1 2022 was RPO LLC, an estimated $80.2K 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 Q1 2022 was Cubist Systematic Strategies, an estimated $13.1M sold.

Based on aggregated 13F filings for Q1 2022.