Pioneer Merger Corp. Class A Ordinary Share
PACX
PACX was delisted on the 12th of January, 2023.
95 hedge funds and large institutions have $349M invested in Pioneer Merger Corp. Class A Ordinary Share in 2022 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 17 increasing their positions, 18 reducing their positions, and 10 closing their positions.
50% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 10
6% more funds holding
Funds holding: 90 → 95 (+5)
2% less capital invested
Capital invested by funds: $355M → $349M (-$5.63M)
6% less repeat investments, than reductions
Existing positions increased: 17 | Existing positions reduced: 18
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$10.2M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$8.28M |
| 3 |
SC
Sculptor Capital
New York
|
+$6.17M |
| 4 |
Marshall Wace
London,
United Kingdom
|
+$5.14M |
| 5 |
Bank of Nova Scotia
Toronto,
Ontario, Canada
|
+$4.73M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACL
Azora Capital LP
Miami,
Florida
|
-$11.4M |
| 2 |
PI
PEAK6 Investments
Chicago,
Illinois
|
-$9.88M |
| 3 |
Millennium Management
New York
|
-$6.48M |
| 4 |
KC
Kepos Capital
New York
|
-$5.18M |
| 5 |
OAC
OMERS Administration Corp
Toronto,
Ontario, Canada
|
-$3.95M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BI
101
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$1.8M | -182,798 | Closed |
|
|
UOC
102
UBS O'Connor
Chicago,
Illinois
| – | -$1.46M | -148,325 | Closed |
|
|
BCM
103
Beryl Capital Management
Redondo Beach,
California
| – | -$948K | -96,000 | Closed |
|
104
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| – | -$396K | -40,157 | Closed |
|
|
LCS
105
Levin Capital Strategies
New York
| – | -$148K | -15,000 | Closed |
|
PACX Hedge Fund Activity: Q1 2022 in Review
95 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Pioneer Merger Corp. Class A Ordinary Share (PACX) for Q1 2022, worth a combined $349M — down 1.6% from $355M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new PACX positions and 10 closed out — a net gain of 5 holders — while 17 added to existing stakes and 18 trimmed.
The largest buyer was Karpus Investment Management, opening a new position worth an estimated $10.2M. The largest seller was Azora Capital LP, exiting entirely with an estimated $11.4M sold.
- 95 institutional investors held Pioneer Merger Corp. Class A Ordinary Share (PACX) as of Q1 2022, up from 90 in Q4 2021.
- Funds reported $349M of Pioneer Merger Corp. Class A Ordinary Share stock for Q1 2022, down 1.6% quarter-over-quarter.
- 15 funds opened new Pioneer Merger Corp. Class A Ordinary Share positions in Q1 2022 and 10 closed out, a net change of +5 holders.
- The largest Pioneer Merger Corp. Class A Ordinary Share buyer in Q1 2022 was Karpus Investment Management, an estimated $10.2M added.
- The largest Pioneer Merger Corp. Class A Ordinary Share seller in Q1 2022 was Azora Capital LP, an estimated $11.4M sold.
Based on aggregated 13F filings for Q1 2022.