Prime Impact Acquisition I
PIAI
PIAI was delisted on the 14th of September, 2023.
27 hedge funds and large institutions have $60.7M invested in Prime Impact Acquisition I in 2022 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 46 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
61% less funds holding
Funds holding: 69 → 27 (-42)
79% less capital invested
Capital invested by funds: $293M → $60.7M (-$233M)
89% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 46
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCFM
Cohen & Co Financial Management
New York
|
+$5.5M |
| 2 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$2.95M |
| 3 |
HF
HRT Financial
New York
|
+$1M |
| 4 |
FTCM
Fir Tree Capital Management
New York
|
+$718K |
| 5 |
Walleye Capital
New York
|
+$262K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$52.2M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$17.6M |
| 3 |
GCL
Glazer Capital LLC
New York
|
-$17.2M |
| 4 |
Millennium Management
New York
|
-$13.6M |
| 5 |
HSBC Holdings
London,
United Kingdom
|
-$12.5M |
PIAI Hedge Fund Activity: Q3 2022 in Review
27 of the 5,806 institutional investors tracked by Wall St. Rank reported a position in Prime Impact Acquisition I (PIAI) for Q3 2022, worth a combined $60.7M — down 79% from $293M a quarter earlier.
Sellers outnumbered buyers: 46 funds closed out of PIAI and 5 opened new positions — a net loss of 41 holders — while 9 trimmed existing stakes and 5 added.
The largest buyer was Cohen & Co Financial Management, opening a new position worth an estimated $5.5M. The largest seller was HGC Investment Management, exiting entirely with an estimated $52.2M sold.
- 27 institutional investors held Prime Impact Acquisition I (PIAI) as of Q3 2022, down from 69 in Q2 2022.
- Funds reported $60.7M of Prime Impact Acquisition I stock for Q3 2022, down 79% quarter-over-quarter.
- 5 funds opened new Prime Impact Acquisition I positions in Q3 2022 and 46 closed out, a net change of -41 holders.
- The largest Prime Impact Acquisition I buyer in Q3 2022 was Cohen & Co Financial Management, an estimated $5.5M added.
- The largest Prime Impact Acquisition I seller in Q3 2022 was HGC Investment Management, an estimated $52.2M sold.
Based on aggregated 13F filings for Q3 2022.