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PCPL.U

CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third
PCPL.U

Delisted

PCPL.U was delisted on the 4th of February, 2021.

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40 hedge funds and large institutions have $143M invested in CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third in 2020 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 4 increasing their positions, 17 reducing their positions, and 15 closing their positions.

New
Increased
Maintained
Reduced
Closed

15% less funds holding

Funds holding: 47 → 40 (-7)

41% less capital invested

Capital invested by funds: $244M → $143M (-$101M)

47% less first-time investments, than exits

New positions opened: 8 | Existing positions closed: 15

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

76% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 17

Holders
40
Holders Change
-7
Holders Change %
-14.89%
% of All Funds
0.81%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
8
Increased
4
Reduced
17
Closed
15
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WAM
Weiss Asset Management
Massachusetts
+$2.39M
2
HP
Hound Partners
New York
+$2.15M
3
TAL
TIG Advisors LLC
New York
+$1.79M
4
AC
Aristeia Capital
Connecticut
+$1.78M
5
NAM
Nexpoint Asset Management
Texas
+$1.64M

Top Sellers

Rank Fund Capital Flow
1
DKCM
Davidson Kempner Capital Management
New York
-$15.4M
2
KC
Kepos Capital
New York
-$12.7M
3
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$9.54M
4
Alyeska Investment Group
Alyeska Investment Group
Illinois
-$9.37M
5
JGC
J. Goldman & Co
New York
-$9.16M
Name Holding Trade Value Shares
Change 		Change in
Stake
CIM
26
Cowen Investment Management
New York
$813K -$537K -50,000 -40%
Walleye Capital
27
Walleye Capital
New York
$797K -$1.79M -166,713 -69%
PAMP
28
Polar Asset Management Partners
Ontario, Canada
$786K +$779K +72,500 New
Walleye Trading
29
Walleye Trading
New York
$583K -$1.79M -166,735 -76%
CS
30
Credit Suisse
Switzerland
$542K -$143K -13,291 -21%
SCS
31
Syquant Capital SAS
France
$542K – – –
FTCM
32
First Trust Capital Management
Illinois
$361K -$179K -16,668 -33%
HF
33
HRT Financial
New York
$272K +$1.07K +100 +0.4%
MCM
34
Moon Capital Management
New York
$271K – – –
VCM
35
Vivaldi Capital Management
Illinois
$172K -$98.4K -9,158 -37%
RJA
36
Raymond James & Associates
Florida
$127K +$126K +11,700 New
Millennium Management
37
Millennium Management
New York
$8.13K -$5.48M -510,000 -40%
DKCM
38
Davidson Kempner Capital Management
New York
– -$15.4M -1,449,900 Closed
KC
39
Kepos Capital
New York
– -$12.7M -1,197,878 Closed
Hudson Bay Capital Management
40
Hudson Bay Capital Management
Connecticut
– -$9.54M -900,000 Closed
Alyeska Investment Group
41
Alyeska Investment Group
Illinois
– -$9.37M -884,001 Closed
GL
42
Governors Lane
New York
– -$7.95M -750,000 Closed
Verition Fund Management
43
Verition Fund Management
Connecticut
– -$3.74M -352,900 Closed
CCA
44
Castle Creek Arbitrage
Colorado
– -$3.67M -350,000 Closed
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
45
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
– -$3.76M -349,998 -100%
RCM
46
Rivernorth Capital Management
Florida
– -$3.18M -300,000 Closed
WCMNY
47
Westchester Capital Management (New York)
New York
– -$2.54M -239,400 Closed
MI
48
MMCAP International
Cayman Islands
– -$1.09M -102,800 Closed
AGC
49
Angelo Gordon & Co
New York
– -$1.06M -100,000 Closed
WAM
50
Wolverine Asset Management
Illinois
– -$932K -88,000 Closed
1
2
3

PCPL.U Hedge Fund Activity: Q3 2020 in Review

40 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third (PCPL.U) for Q3 2020, worth a combined $143M — down 41% from $244M a quarter earlier.

Sellers outnumbered buyers: 15 funds closed out of PCPL.U and 8 opened new positions — a net loss of 7 holders — while 17 trimmed existing stakes and 4 added.

The largest buyer was Weiss Asset Management, opening a new position worth an estimated $2.39M. The largest seller was Davidson Kempner Capital Management, exiting entirely with an estimated $15.4M sold.

  • 40 institutional investors held CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third (PCPL.U) as of Q3 2020, down from 47 in Q2 2020.
  • Funds reported $143M of CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third stock for Q3 2020, down 41% quarter-over-quarter.
  • 8 funds opened new CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third positions in Q3 2020 and 15 closed out, a net change of -7 holders.
  • The largest CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third buyer in Q3 2020 was Weiss Asset Management, an estimated $2.39M added.
  • The largest CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third seller in Q3 2020 was Davidson Kempner Capital Management, an estimated $15.4M sold.

Based on aggregated 13F filings for Q3 2020.