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.
3 hedge funds and large institutions have $83K 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 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 1 reducing their positions, and 7 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 1
67% less funds holding
Funds holding: 9 → 3 (-6)
86% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 7
99% less capital invested
Capital invested by funds: $9.44M → $83K (-$9.36M)
Top Buyers
| 1 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$2.11M |
| 2 |
CS
Clear Street
New York
|
+$61.7K |
Top Sellers
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
CS
1
Clear Street
New York
| $62.2K | +$61.7K | +5,855 | +195,167% |
|
|
WAM
2
Wolverine Asset Management
Chicago,
Illinois
| $14.5K | -$129K | -12,200 | -90% |
|
|
SFM
3
Spartan Fund Management
Toronto, Ontario,
Canada
| $6.37K | +$2.11M | +200,300 | New |
|
|
SIM
4
Sandia Investment Management
Boston,
Massachusetts
| – | -$3.71M | -360,581 | Closed |
|
|
RCM
5
Rivernorth Capital Management
West Palm Beach,
Florida
| – | -$2.28M | -220,000 | Closed |
|
|
BFM
6
Boothbay Fund Management
New York
| – | -$1.49M | -142,872 | Closed |
|
|
CIM
7
Cowen Investment Management
New York
| – | -$1.03M | -100,000 | Closed |
|
8
Walleye Capital
New York
| – | -$494K | -48,000 | Closed |
|
9
Walleye Trading
New York
| – | -$278K | -27,000 | Closed |
|
|
GCL
10
Glazer Capital LLC
New York
| – | -$16K | -1,498 | Closed |
|
PACI.U Hedge Fund Activity: Q2 2023 in Review
3 of the 6,369 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 2023, worth a combined $83K — down 99% from $9.44M 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 1 trimmed existing stakes and 1 added.
The largest buyer was Spartan Fund Management, opening a new position worth an estimated $2.11M. The largest seller was Sandia Investment Management, exiting entirely with an estimated $3.71M sold.
- 3 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 2023, down from 9 in Q1 2023.
- Funds reported $83K 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 2023, down 99% 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 2023 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 2023 was Spartan Fund Management, an estimated $2.11M 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 2023 was Sandia Investment Management, an estimated $3.71M sold.
Based on aggregated 13F filings for Q2 2023.