CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third
PCPL.U
PCPL.U was delisted on the 4th of February, 2021.
17 hedge funds and large institutions have $43.1M invested in CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third in 2020 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 7 reducing their positions, and 26 closing their positions.
58% less funds holding
Funds holding: 40 → 17 (-23)
71% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 7
71% less capital invested
Capital invested by funds: $151M → $43.1M (-$108M)
88% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 26
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GS
Gagnon Securities
New York
|
+$5.95M |
| 2 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$1.6M |
| 3 |
CC
Centiva Capital
New York
|
+$546K |
| 4 |
GA
Gagnon Advisors
New York
|
+$49.9K |
| 5 |
MCM
Moon Capital Management
New York
|
+$2.81K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$20.2M |
| 2 |
GCL
Glazer Capital LLC
New York
|
-$14.8M |
| 3 |
Blackstone Inc
New York
|
-$10.8M |
| 4 |
JGC
J. Goldman & Co
New York
|
-$9.95M |
| 5 |
SRCM
Sage Rock Capital Management
New York
|
-$9.71M |
PCPL.U Hedge Fund Activity: Q4 2020 in Review
17 of the 5,676 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 Q4 2020, worth a combined $43.1M — down 71% from $151M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of PCPL.U and 3 opened new positions — a net loss of 23 holders — while 7 trimmed existing stakes and 2 added.
The largest buyer was Gagnon Securities, opening a new position worth an estimated $5.95M. The largest seller was Magnetar Financial, exiting entirely with an estimated $20.2M sold.
- 17 institutional investors held CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third (PCPL.U) as of Q4 2020, down from 40 in Q3 2020.
- Funds reported $43.1M of CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third stock for Q4 2020, down 71% quarter-over-quarter.
- 3 funds opened new CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third positions in Q4 2020 and 26 closed out, a net change of -23 holders.
- The largest CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third buyer in Q4 2020 was Gagnon Securities, an estimated $5.95M added.
- The largest CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third seller in Q4 2020 was Magnetar Financial, an estimated $20.2M sold.
Based on aggregated 13F filings for Q4 2020.