Periphas Capital Partnering Corporation CAPS, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant
PCPC.U
PCPC.U was delisted on the 9th of December, 2022.
22 hedge funds and large institutions have $74.9M invested in Periphas Capital Partnering Corporation CAPS, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant in 2021 Q1 according to their latest regulatory filings, with 3 funds opening new positions, 4 increasing their positions, 12 reducing their positions, and 44 closing their positions.
65% less funds holding
Funds holding: 63 → 22 (-41)
67% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 12
80% less capital invested
Capital invested by funds: $380M → $74.9M (-$305M)
93% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 44
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$4.36M |
| 2 |
MTCM
Mint Tower Capital Management
Amsterdam,
Netherlands
|
+$3.83M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
+$2.47M |
| 4 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$707K |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$335K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AMH
Apollo Management Holdings
New York
|
-$26.1M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$26.1M |
| 3 |
Millennium Management
New York
|
-$23.3M |
| 4 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$21.2M |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$20.9M |
PCPC.U Hedge Fund Activity: Q1 2021 in Review
22 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Periphas Capital Partnering Corporation CAPS, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant (PCPC.U) for Q1 2021, worth a combined $74.9M — down 80% from $380M a quarter earlier.
Sellers outnumbered buyers: 44 funds closed out of PCPC.U and 3 opened new positions — a net loss of 41 holders — while 12 trimmed existing stakes and 4 added.
The largest buyer was Glazer Capital LLC, adding an estimated $4.36M. The largest seller was Apollo Management Holdings, exiting entirely with an estimated $26.1M sold.
- 22 institutional investors held Periphas Capital Partnering Corporation CAPS, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant (PCPC.U) as of Q1 2021, down from 63 in Q4 2020.
- Funds reported $74.9M of Periphas Capital Partnering Corporation CAPS, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant stock for Q1 2021, down 80% quarter-over-quarter.
- 3 funds opened new Periphas Capital Partnering Corporation CAPS, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant positions in Q1 2021 and 44 closed out, a net change of -41 holders.
- The largest Periphas Capital Partnering Corporation CAPS, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant buyer in Q1 2021 was Glazer Capital LLC, an estimated $4.36M added.
- The largest Periphas Capital Partnering Corporation CAPS, each consisting of one share of Class A common stock and one-quarter of one redeemable warrant seller in Q1 2021 was Apollo Management Holdings, an estimated $26.1M sold.
Based on aggregated 13F filings for Q1 2021.