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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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11 hedge funds and large institutions have $15.1M 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 Q4 according to their latest regulatory filings, with 0 funds opening new positions, 0 increasing their positions, 2 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

39% less funds holding

Funds holding: 18 → 11 (-7)

61% less capital invested

Capital invested by funds: $38.9M → $15.1M (-$23.9M)

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 7

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 2

Holders
11
Holders Change
-7
Holders Change %
-38.89%
% of All Funds
0.18%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
–
Increased
–
Reduced
2
Closed
7
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

No buyers this quarter

Top Sellers

1
Calamos Advisors
Calamos Advisors
Illinois
-$15M
2
CCA
Castle Creek Arbitrage
Colorado
-$6.11M
3
LP
LMR Partners
United Kingdom
-$1.51M
4
RL
RPO LLC
Connecticut
-$609K
5
SIM
Sandia Investment Management
Massachusetts
-$400K
Name Holding Trade Value Shares
Change 		Change in
Stake
WCMNY
1
Westchester Capital Management (New York)
New York
$4.07M – – –
SIM
2
Sandia Investment Management
Massachusetts
$3.67M -$400K -39,619 -10%
RCM
3
Rivernorth Capital Management
Florida
$2.27M – – –
BFM
4
Boothbay Fund Management
New York
$1.48M – – –
T. Rowe Price Associates
5
T. Rowe Price Associates
Maryland
$1.15M – – –
CIM
6
Cowen Investment Management
New York
$1.02M – – –
ICM
7
III Capital Management
Florida
$508K – – –
Walleye Capital
8
Walleye Capital
New York
$489K – – –
Walleye Trading
9
Walleye Trading
New York
$275K – – –
WAM
10
Wolverine Asset Management
Illinois
$138K -$30.3K -3,000 -18%
UBS Group
11
UBS Group
Switzerland
$15.2K – – –
Calamos Advisors
12
Calamos Advisors
Illinois
– -$15M -1,500,000 Closed
CCA
13
Castle Creek Arbitrage
Colorado
– -$6.11M -610,300 Closed
LP
14
LMR Partners
United Kingdom
– -$1.51M -150,000 Closed
RL
15
RPO LLC
Connecticut
– -$609K -60,760 Closed
SSA
16
Schonfeld Strategic Advisors
New York
– -$400K -39,950 Closed
CS
17
Clear Street
New York
– -$100K -10,000 Closed

PACI.U Hedge Fund Activity: Q4 2022 in Review

11 of the 6,221 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 Q4 2022, worth a combined $15.1M — down 61% from $38.9M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of PACI.U and 0 opened new positions — a net loss of 7 holders — while 2 trimmed existing stakes and 0 added.

The largest seller was Calamos Advisors, exiting entirely with an estimated $15M sold.

  • 11 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 Q4 2022, down from 18 in Q3 2022.
  • Funds reported $15.1M 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 Q4 2022, down 61% 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 Q4 2022 and 7 closed out, a net change of -7 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 seller in Q4 2022 was Calamos Advisors, an estimated $15M sold.

Based on aggregated 13F filings for Q4 2022.