Prime Impact Acquisition I
PIAI
PIAI was delisted on the 14th of September, 2023.
18 hedge funds and large institutions have $43.1M invested in Prime Impact Acquisition I in 2023 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 13 closing their positions.
27% less capital invested
Capital invested by funds: $58.8M → $43.1M (-$15.7M)
31% less funds holding
Funds holding: 26 → 18 (-8)
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$4.59M |
| 2 |
MSU
Mizuho Securities USA
New York
|
+$2.96M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.23M |
| 4 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$452K |
| 5 |
CCM
CAAS Capital Management
New York
|
+$407K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$3.59M |
| 2 |
SOA
Sea Otter Advisors
Miami,
Florida
|
-$3.47M |
| 3 |
CH
CVI Holdings
Wilmington,
Delaware
|
-$3.31M |
| 4 |
GCWM
Graham Capital Wealth Management
Washington D.c.,
District of Columbia
|
-$3.14M |
| 5 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$3.08M |
PIAI Hedge Fund Activity: Q1 2023 in Review
18 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Prime Impact Acquisition I (PIAI) for Q1 2023, worth a combined $43.1M — down 27% from $58.8M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of PIAI and 5 opened new positions — a net loss of 8 holders — while 5 trimmed existing stakes and 2 added.
The largest buyer was UBS O'Connor, opening a new position worth an estimated $4.59M. The largest seller was Glazer Capital LLC, cutting an estimated $3.59M.
- 18 institutional investors held Prime Impact Acquisition I (PIAI) as of Q1 2023, down from 26 in Q4 2022.
- Funds reported $43.1M of Prime Impact Acquisition I stock for Q1 2023, down 27% quarter-over-quarter.
- 5 funds opened new Prime Impact Acquisition I positions in Q1 2023 and 13 closed out, a net change of -8 holders.
- The largest Prime Impact Acquisition I buyer in Q1 2023 was UBS O'Connor, an estimated $4.59M added.
- The largest Prime Impact Acquisition I seller in Q1 2023 was Glazer Capital LLC, an estimated $3.59M sold.
Based on aggregated 13F filings for Q1 2023.