Progress Acquisition Corp. Units
PGRWU
PGRWU was delisted on the 9th of May, 2023.
27 hedge funds and large institutions have $20.6M invested in Progress Acquisition Corp. Units in 2022 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 3 reducing their positions, and 9 closing their positions.
67% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 3
23% less funds holding
Funds holding: 35 → 27 (-8)
44% less capital invested
Capital invested by funds: $36.9M → $20.6M (-$16.3M)
89% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Clear Street
New York
|
+$42.9K |
| 2 |
Walleye Capital
New York
|
+$28.3K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$16.4K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$12.1K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$1.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$4.66M |
| 2 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$4.43M |
| 3 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$3M |
| 4 |
JP Morgan Chase
New York
|
-$1.49M |
| 5 |
CCM
Context Capital Management
Lajolla,
California
|
-$1.46M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RCM
26
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| $2K | – | – | – |
|
|
AGM
27
Alpine Global Management
New York
| $161 | – | – | – |
|
|
GCL
28
Glazer Capital LLC
New York
| – | -$4.66M | -466,293 | Closed |
|
|
SCM
29
Shaolin Capital Management
Miami,
Florida
| – | -$4.43M | -443,218 | Closed |
|
|
AC
30
Aristeia Capital
Greenwich,
Connecticut
| – | -$3M | -300,000 | Closed |
|
|
31
JP Morgan Chase
New York
| – | -$1.49M | -148,700 | Closed |
|
|
CCM
32
Context Capital Management
Lajolla,
California
| – | -$1.46M | -145,976 | Closed |
|
33
Point72 Asset Management
Stamford,
Connecticut
| – | -$439K | -43,900 | Closed |
|
34
Nomura Holdings
Tokyo,
Japan
| – | -$250K | -25,000 | Closed |
|
|
MIG
35
Mariner Investment Group
Harrison,
New York
| – | -$156K | -15,600 | Closed |
|
36
Wells Fargo
San Francisco,
California
| – | -$10K | -965 | Closed |
|
PGRWU Hedge Fund Activity: Q1 2022 in Review
27 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Progress Acquisition Corp. Units (PGRWU) for Q1 2022, worth a combined $20.6M — down 44% from $36.9M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of PGRWU and 1 opened new positions — a net loss of 8 holders — while 3 trimmed existing stakes and 5 added.
The largest buyer was Clear Street, adding an estimated $42.9K. The largest seller was Glazer Capital LLC, exiting entirely with an estimated $4.66M sold.
- 27 institutional investors held Progress Acquisition Corp. Units (PGRWU) as of Q1 2022, down from 35 in Q4 2021.
- Funds reported $20.6M of Progress Acquisition Corp. Units stock for Q1 2022, down 44% quarter-over-quarter.
- 1 fund opened new Progress Acquisition Corp. Units positions in Q1 2022 and 9 closed out, a net change of -8 holders.
- The largest Progress Acquisition Corp. Units buyer in Q1 2022 was Clear Street, an estimated $42.9K added.
- The largest Progress Acquisition Corp. Units seller in Q1 2022 was Glazer Capital LLC, an estimated $4.66M sold.
Based on aggregated 13F filings for Q1 2022.