Provident Acquisition Corp. Units
PAQCU
PAQCU was delisted on the 28th of October, 2022.
25 hedge funds and large institutions have $34.9M invested in Provident Acquisition Corp. Units in 2021 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 2 closing their positions.
4% less funds holding
Funds holding: 26 → 25 (-1)
18% less capital invested
Capital invested by funds: $42.8M → $34.9M (-$7.83M)
50% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 2
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$157K |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$27.2K |
| 3 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$3K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$800 |
| 5 |
6CM
683 Capital Management
New York
|
+$10 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$5M |
| 2 |
Citadel Advisors
Miami,
Florida
|
-$4.05M |
| 3 |
VF
Virtu Financial
New York
|
-$314K |
| 4 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$263K |
| 5 |
CCM
CAAS Capital Management
New York
|
-$150K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
D.E. Shaw & Co
New York
| – | -$145K | -14,458 | Closed |
|
|
6CM
27
683 Capital Management
New York
| – | +$10 | +1 | New |
|
PAQCU Hedge Fund Activity: Q3 2021 in Review
25 of the 5,713 institutional investors tracked by Wall St. Rank reported a position in Provident Acquisition Corp. Units (PAQCU) for Q3 2021, worth a combined $34.9M — down 18% from $42.8M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of PAQCU and 1 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 4 added.
The largest buyer was Longfellow Investment Management, adding an estimated $157K. The largest seller was Millennium Management, cutting an estimated $5M.
- 25 institutional investors held Provident Acquisition Corp. Units (PAQCU) as of Q3 2021, down from 26 in Q2 2021.
- Funds reported $34.9M of Provident Acquisition Corp. Units stock for Q3 2021, down 18% quarter-over-quarter.
- 1 fund opened new Provident Acquisition Corp. Units positions in Q3 2021 and 2 closed out, a net change of -1 holder.
- The largest Provident Acquisition Corp. Units buyer in Q3 2021 was Longfellow Investment Management, an estimated $157K added.
- The largest Provident Acquisition Corp. Units seller in Q3 2021 was Millennium Management, an estimated $5M sold.
Based on aggregated 13F filings for Q3 2021.