Prime Impact Acquisition I
PIAI
PIAI was delisted on the 14th of September, 2023.
69 hedge funds and large institutions have $293M invested in Prime Impact Acquisition I in 2022 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 23 increasing their positions, 15 reducing their positions, and 10 closing their positions.
53% more repeat investments, than reductions
Existing positions increased: 23 | Existing positions reduced: 15
7% more capital invested
Capital invested by funds: $275M → $293M (+$18.6M)
5% less funds holding
Funds holding: 73 → 69 (-4)
30% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 10
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
+$24.9M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$17.5M |
| 3 |
GCL
Glazer Capital LLC
New York
|
+$13M |
| 4 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$5.21M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$3.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LA
Linden Advisors
New York
|
-$16.9M |
| 2 |
Millennium Management
New York
|
-$7.44M |
| 3 |
TAL
TIG Advisors LLC
New York
|
-$7.35M |
| 4 |
KCM
Kawa Capital Management
Hallandale Beach,
Florida
|
-$3.46M |
| 5 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$2.5M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ICMH
76
Integrity Capital Management (HK)
Central,
Hong Kong
| – | -$125K | -12,600 | Closed |
|
|
CM
77
Cohanzick Management
Pleasantville,
New York
| – | -$49K | -5,000 | Closed |
|
|
BCM
78
Basso Capital Management
Stamford,
Connecticut
| – | -$44K | -4,446 | Closed |
|
79
Morgan Stanley
New York
| – | -$22K | -2,186 | Closed |
|
PIAI Hedge Fund Activity: Q2 2022 in Review
69 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Prime Impact Acquisition I (PIAI) for Q2 2022, worth a combined $293M — up 6.8% from $275M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PIAI and 7 opened new positions — a net loss of 3 holders — while 15 trimmed existing stakes and 23 added.
The largest buyer was HGC Investment Management, adding an estimated $24.9M. The largest seller was Linden Advisors, cutting an estimated $16.9M.
- 69 institutional investors held Prime Impact Acquisition I (PIAI) as of Q2 2022, down from 73 in Q1 2022.
- Funds reported $293M of Prime Impact Acquisition I stock for Q2 2022, up 6.8% quarter-over-quarter.
- 7 funds opened new Prime Impact Acquisition I positions in Q2 2022 and 10 closed out, a net change of -3 holders.
- The largest Prime Impact Acquisition I buyer in Q2 2022 was HGC Investment Management, an estimated $24.9M added.
- The largest Prime Impact Acquisition I seller in Q2 2022 was Linden Advisors, an estimated $16.9M sold.
Based on aggregated 13F filings for Q2 2022.