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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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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
21
Holders Change
-6
Holders Change %
-22.22%
% of All Funds
0.35%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
3
Reduced
2
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
MP
Mangrove Partners
Connecticut
+$368K
2
WAM
Wolverine Asset Management
Illinois
+$162K
3
UBS Group
UBS Group
Switzerland
+$4.97K
4
CS
Clear Street
New York
+$3.99K

Top Sellers

1
Verition Fund Management
Verition Fund Management
Connecticut
-$3.44M
2
GCM
Ghisallo Capital Management
Massachusetts
-$1.5M
3
MF
Magnetar Financial
Illinois
-$1.1M
4
JP Morgan Chase
JP Morgan Chase
New York
-$1M
5
SSA
Schonfeld Strategic Advisors
New York
-$450K
Name Holding Trade Value Shares
Change 		Change in
Stake
Calamos Advisors
1
Calamos Advisors
Illinois
$14.6M – – –
CCA
2
Castle Creek Arbitrage
Colorado
$6.05M – – –
BCM
3
Basso Capital Management
Connecticut
$4.96M – – –
MP
4
Mangrove Partners
Connecticut
$4.33M +$368K +36,900 +9%
ACM
5
Atalaya Capital Management
New York
$3.99M – – –
SIM
6
Sandia Investment Management
Massachusetts
$3.97M – – –
WCMNY
7
Westchester Capital Management (New York)
New York
$3.76M – – –
RCM
8
Rivernorth Capital Management
Florida
$2.15M – – –
LP
9
LMR Partners
United Kingdom
$1.49M – – –
BFM
10
Boothbay Fund Management
New York
$1.39M – – –
T. Rowe Price Associates
11
T. Rowe Price Associates
Maryland
$1.08M – – –
CIM
12
Cowen Investment Management
New York
$991K – – –
RL
13
RPO LLC
Connecticut
$606K – – –
ICM
14
III Capital Management
Florida
$495K – – –
Walleye Capital
15
Walleye Capital
New York
$476K – – –
SSA
16
Schonfeld Strategic Advisors
New York
$399K -$450K -45,075 -53%
Walleye Trading
17
Walleye Trading
New York
$268K – – –
WAM
18
Wolverine Asset Management
Illinois
$164K +$162K +16,250 +5,208%
MF
19
Magnetar Financial
Illinois
$22K -$1.1M -109,900 -5%
UBS Group
20
UBS Group
Switzerland
$15K +$4.97K +498 +50%
CS
21
Clear Street
New York
$4K +$3.99K +400 New
Verition Fund Management
22
Verition Fund Management
Connecticut
– -$3.44M -345,542 Closed
GCM
23
Ghisallo Capital Management
Massachusetts
– -$1.5M -150,000 Closed
JP Morgan Chase
24
JP Morgan Chase
New York
– -$1M -100,000 Closed
RCM
25
Robinson Capital Management
Michigan
– -$259K -26,000 Closed
1
2

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.