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.
9 hedge funds and large institutions have $9.44M 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 2023 Q1 according to their latest regulatory filings, with 2 funds opening new positions, increasing their positions, 0 reducing their positions, and 4 closing their positions.
18% less funds holding
Funds holding: 11 → 9 (-2)
37% less capital invested
Capital invested by funds: $15.1M → $9.44M (-$5.64M)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$15.3K |
| 2 |
CS
Clear Street
New York
|
+$31 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$4.07M |
| 2 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$1.15M |
| 3 |
ICM
III Capital Management
Boca Raton,
Florida
|
-$508K |
| 4 |
UBS Group
Zurich,
Switzerland
|
-$15.2K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SIM
1
Sandia Investment Management
Boston,
Massachusetts
| $3.71M | – | – | – |
|
|
RCM
2
Rivernorth Capital Management
West Palm Beach,
Florida
| $2.28M | – | – | – |
|
|
BFM
3
Boothbay Fund Management
New York
| $1.49M | – | – | – |
|
|
CIM
4
Cowen Investment Management
New York
| $1.03M | – | – | – |
|
5
Walleye Capital
New York
| $494K | – | – | – |
|
6
Walleye Trading
New York
| $278K | – | – | – |
|
|
WAM
7
Wolverine Asset Management
Chicago,
Illinois
| $140K | – | – | – |
|
|
GCL
8
Glazer Capital LLC
New York
| $16K | +$15.3K | +1,498 | New |
|
|
CS
9
Clear Street
New York
| $31 | +$31 | +3 | New |
|
|
WCMNY
10
Westchester Capital Management (New York)
Valhalla,
New York
| – | -$4.07M | -400,000 | Closed |
|
|
11
T. Rowe Price Associates
Baltimore,
Maryland
| – | -$1.15M | -110,750 | Closed |
|
|
ICM
12
III Capital Management
Boca Raton,
Florida
| – | -$508K | -50,000 | Closed |
|
|
13
UBS Group
Zurich,
Switzerland
| – | -$15.2K | -1,498 | Closed |
|
PACI.U Hedge Fund Activity: Q1 2023 in Review
9 of the 6,275 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 2023, worth a combined $9.44M — down 37% from $15.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PACI.U and 2 opened new positions — a net loss of 2 holders — while 0 trimmed existing stakes and 0 added.
The largest buyer was Glazer Capital LLC, opening a new position worth an estimated $15.3K. The largest seller was Westchester Capital Management (New York), exiting entirely with an estimated $4.07M sold.
- 9 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 2023, down from 11 in Q4 2022.
- Funds reported $9.44M 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 2023, down 37% quarter-over-quarter.
- 2 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 2023 and 4 closed out, a net change of -2 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 2023 was Glazer Capital LLC, an estimated $15.3K 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 2023 was Westchester Capital Management (New York), an estimated $4.07M sold.
Based on aggregated 13F filings for Q1 2023.