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PCAPU

ProCap Acquisition Corp Unit
PCAPU

25 hedge funds and large institutions have $31.5M invested in ProCap Acquisition Corp Unit in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 13 reducing their positions, and 50 closing their positions.

New
Increased
Maintained
Reduced
Closed

66% less funds holding

Funds holding: 73 → 25 (-48)

67% less funds holding in top 10

Funds holding in top 10: 6 → 2 (-4)

69% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 13

87% less capital invested

Capital invested by funds: $239M → $31.5M (-$207M)

94.25% less ownership

Funds ownership: 108.9% → 14.65% (-94%)

96% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 50

Holders
25
Holders Change
-48
Holders Change %
-65.75%
% of All Funds
0.33%
Holding in Top 10
2
Holding in Top 10 Change
-4
Holding in Top 10 Change %
-66.67%
% of All Funds
0.03%
New
2
Increased
4
Reduced
13
Closed
50
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CF
Cantor Fitzgerald
New York
+$3.4M
2
CS
Clear Street
New York
+$798K
3
WCMNY
Westchester Capital Management (New York)
New York
+$472K
4
ACM
ADAR1 Capital Management
Texas
+$171K
5
SC
Stephens Consulting
Michigan
+$2.1K

Top Sellers

Rank Fund Capital Flow
1
HCI
Harraden Circle Investments
New York
-$19.4M
2
CC
Centiva Capital
New York
-$15.2M
3
AA
AQR Arbitrage
Connecticut
-$13.4M
4
LP
LMR Partners
United Kingdom
-$10.7M
5
SCM
Saba Capital Management
New York
-$10.7M
Name Holding Trade Value Shares
Change 		Change in
Stake
CC
26
Centiva Capital
New York
– -$15.2M -1,417,623 Closed
AA
27
AQR Arbitrage
Connecticut
– -$13.4M -1,246,808 Closed
LP
28
LMR Partners
United Kingdom
– -$10.7M -1,000,000 Closed
SCM
29
Saba Capital Management
New York
– -$10.7M -1,000,000 Closed
GL
30
Governors Lane
New York
– -$10.4M -967,212 Closed
DKCM
31
Davidson Kempner Capital Management
New York
– -$10.3M -960,432 Closed
LA
32
Linden Advisors
New York
– -$10.2M -950,000 Closed
TCM
33
Tenor Capital Management
New York
– -$6.43M -600,000 Closed
JGC
34
J. Goldman & Co
New York
– -$6.36M -593,527 Closed
ECM
35
ExodusPoint Capital Management
New York
– -$6.34M -591,241 Closed
GCM
36
Graham Capital Management
Connecticut
– -$5.36M -500,000 Closed
FTCM
37
First Trust Capital Management
Illinois
– -$4.84M -451,698 Closed
MCM
38
Moore Capital Management
New York
– -$4.82M -450,000 Closed
FLC
39
Fifth Lane Capital
Texas
– -$4.65M -433,805 Closed
D.E. Shaw & Co
40
D.E. Shaw & Co
New York
– -$3.75M -350,000 Closed
Hudson Bay Capital Management
41
Hudson Bay Capital Management
Connecticut
– -$3.52M -327,939 Closed
FBCM
42
Fort Baker Capital Management
California
– -$3.26M -303,781 Closed
Verition Fund Management
43
Verition Fund Management
Connecticut
– -$2.95M -275,000 Closed
WRBC
44
W.R. Berkley Corp
Connecticut
– -$2.92M -272,642 Closed
KPF
45
K2 Principal Fund
Ontario, Canada
– -$2.69M -251,303 Closed
PAMP
46
Polar Asset Management Partners
Ontario, Canada
– -$2.68M -250,000 Closed
MC
47
Meteora Capital
Florida
– -$2.47M -230,000 Closed
SC
48
Sculptor Capital
New York
– -$2.14M -200,000 Closed
SCM
49
Shaolin Capital Management
Florida
– -$1.97M -183,937 Closed
PC
50
Periscope Capital
Ontario, Canada
– -$1.88M -175,000 Closed
1
2
3

PCAPU Hedge Fund Activity: Q3 2025 in Review

25 of the 7,624 institutional investors tracked by Wall St. Rank reported a position in ProCap Acquisition Corp Unit (PCAPU) for Q3 2025, worth a combined $31.5M — down 87% from $239M a quarter earlier.

Sellers outnumbered buyers: 50 funds closed out of PCAPU and 2 opened new positions — a net loss of 48 holders — while 13 trimmed existing stakes and 4 added.

The largest buyer was Cantor Fitzgerald, adding an estimated $3.4M. The largest seller was Harraden Circle Investments, exiting entirely with an estimated $19.4M sold.

  • 25 institutional investors held ProCap Acquisition Corp Unit (PCAPU) as of Q3 2025, down from 73 in Q2 2025.
  • Funds reported $31.5M of ProCap Acquisition Corp Unit stock for Q3 2025, down 87% quarter-over-quarter.
  • 2 funds opened new ProCap Acquisition Corp Unit positions in Q3 2025 and 50 closed out, a net change of -48 holders.
  • The largest ProCap Acquisition Corp Unit buyer in Q3 2025 was Cantor Fitzgerald, an estimated $3.4M added.
  • The largest ProCap Acquisition Corp Unit seller in Q3 2025 was Harraden Circle Investments, an estimated $19.4M sold.

Based on aggregated 13F filings for Q3 2025.