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.
18 hedge funds and large institutions have $38.9M 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 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 0 reducing their positions, and 4 closing their positions.
14% less funds holding
Funds holding: 21 → 18 (-3)
47% less capital invested
Capital invested by funds: $73.2M → $38.9M (-$34.2M)
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mirae Asset Global Investments
Seoul,
South Korea
|
+$401K |
| 2 |
CS
Clear Street
New York
|
+$96.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$22M |
| 2 |
BCM
Basso Capital Management
Stamford,
Connecticut
|
-$4.96M |
| 3 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$4.33M |
| 4 |
ACM
Atalaya Capital Management
New York
|
-$3.99M |
PACI.U Hedge Fund Activity: Q3 2022 in Review
18 of the 5,828 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 Q3 2022, worth a combined $38.9M — down 47% from $73.2M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PACI.U and 1 opened new positions — a net loss of 3 holders — while 0 trimmed existing stakes and 1 added.
The largest buyer was Mirae Asset Global Investments, opening a new position worth an estimated $401K. The largest seller was Magnetar Financial, exiting entirely with an estimated $22M sold.
- 18 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 Q3 2022, down from 21 in Q2 2022.
- Funds reported $38.9M 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 Q3 2022, down 47% 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 Q3 2022 and 4 closed out, a net change of -3 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 Q3 2022 was Mirae Asset Global Investments, an estimated $401K 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 Q3 2022 was Magnetar Financial, an estimated $22M sold.
Based on aggregated 13F filings for Q3 2022.