Provident Acquisition Corp. Class A Ordinary Shares
PAQC
PAQC was delisted on the 28th of October, 2022.
61 hedge funds and large institutions have $144M invested in Provident Acquisition Corp. Class A Ordinary Shares in 2022 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 15 reducing their positions, and 9 closing their positions.
3% more capital invested
Capital invested by funds: $140M → $144M (+$4.21M)
3% less funds holding
Funds holding: 63 → 61 (-2)
22% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 9
53% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$8.54M |
| 2 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$4.87M |
| 3 |
CC
Centiva Capital
New York
|
+$1.91M |
| 4 |
BNP Paribas Financial Markets
Paris,
France
|
+$1.58M |
| 5 |
E
Ergoteles
New York
|
+$366K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$4.57M |
| 2 |
AC
Athos Capital
Hong Kong
|
-$3.94M |
| 3 |
CF
Cantor Fitzgerald
New York
|
-$2.73M |
| 4 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
-$2.47M |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$988K |
PAQC Hedge Fund Activity: Q3 2022 in Review
61 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in Provident Acquisition Corp. Class A Ordinary Shares (PAQC) for Q3 2022, worth a combined $144M — up 3% from $140M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PAQC and 7 opened new positions — a net loss of 2 holders — while 15 trimmed existing stakes and 7 added.
The largest buyer was Glazer Capital LLC, adding an estimated $8.54M. The largest seller was Saba Capital Management, exiting entirely with an estimated $4.57M sold.
- 61 institutional investors held Provident Acquisition Corp. Class A Ordinary Shares (PAQC) as of Q3 2022, down from 63 in Q2 2022.
- Funds reported $144M of Provident Acquisition Corp. Class A Ordinary Shares stock for Q3 2022, up 3% quarter-over-quarter.
- 7 funds opened new Provident Acquisition Corp. Class A Ordinary Shares positions in Q3 2022 and 9 closed out, a net change of -2 holders.
- The largest Provident Acquisition Corp. Class A Ordinary Shares buyer in Q3 2022 was Glazer Capital LLC, an estimated $8.54M added.
- The largest Provident Acquisition Corp. Class A Ordinary Shares seller in Q3 2022 was Saba Capital Management, an estimated $4.57M sold.
Based on aggregated 13F filings for Q3 2022.