Provident Acquisition Corp. Units
PAQCU
PAQCU was delisted on the 28th of October, 2022.
26 hedge funds and large institutions have $45.1M invested in Provident Acquisition Corp. Units in 2021 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 10 closing their positions.
17% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 6
21% less funds holding
Funds holding: 33 → 26 (-7)
29% less capital invested
Capital invested by funds: $63.8M → $45.1M (-$18.7M)
70% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$912K |
| 2 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$321K |
| 3 |
BFM
Boothbay Fund Management
New York
|
+$197K |
| 4 |
VF
Virtu Financial
New York
|
+$191K |
| 5 |
D.E. Shaw & Co
New York
|
+$146K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$8.13M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$5.08M |
| 3 |
GCM
Ghisallo Capital Management
Boston,
Massachusetts
|
-$4.25M |
| 4 |
Balyasny Asset Management
Chicago,
Illinois
|
-$1.53M |
| 5 |
DCM
Dupont Capital Management
Wilmington,
Delaware
|
-$305K |
PAQCU Hedge Fund Activity: Q2 2021 in Review
26 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in Provident Acquisition Corp. Units (PAQCU) for Q2 2021, worth a combined $45.1M — down 29% from $63.8M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PAQCU and 3 opened new positions — a net loss of 7 holders — while 6 trimmed existing stakes and 5 added.
The largest buyer was Glazer Capital LLC, adding an estimated $912K. The largest seller was BlueCrest Capital Management, exiting entirely with an estimated $8.13M sold.
- 26 institutional investors held Provident Acquisition Corp. Units (PAQCU) as of Q2 2021, down from 33 in Q1 2021.
- Funds reported $45.1M of Provident Acquisition Corp. Units stock for Q2 2021, down 29% quarter-over-quarter.
- 3 funds opened new Provident Acquisition Corp. Units positions in Q2 2021 and 10 closed out, a net change of -7 holders.
- The largest Provident Acquisition Corp. Units buyer in Q2 2021 was Glazer Capital LLC, an estimated $912K added.
- The largest Provident Acquisition Corp. Units seller in Q2 2021 was BlueCrest Capital Management, an estimated $8.13M sold.
Based on aggregated 13F filings for Q2 2021.