Prime Impact Acquisition I Units, each consisting of one Class A ordinary share, and one-third of a redeemable Warrant to acquire one Class A ordinary share
PIAI.U
PIAI.U was delisted on the 14th of September, 2023.
47 hedge funds and large institutions have $137M invested in Prime Impact Acquisition I Units, each consisting of one Class A ordinary share, and one-third of a redeemable Warrant to acquire one Class A ordinary share in 2020 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 6 increasing their positions, 18 reducing their positions, and 25 closing their positions.
27% less funds holding
Funds holding: 64 → 47 (-17)
48% less capital invested
Capital invested by funds: $263M → $137M (-$126M)
64% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 25
67% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 18
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SRF
Silver Rock Financial
Los Angeles,
California
|
+$4.05M |
| 2 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$2.01M |
| 3 |
BCM
Bluefin Capital Management
New York
|
+$863K |
| 4 |
Parallax Volatility Advisers
San Francisco,
California
|
+$742K |
| 5 |
JP Morgan Chase
New York
|
+$507K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LA
Linden Advisors
New York
|
-$20M |
| 2 |
SC
Sculptor Capital
New York
|
-$15.8M |
| 3 |
Millennium Management
New York
|
-$10.7M |
| 4 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$10.7M |
| 5 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$8.52M |
PIAI.U Hedge Fund Activity: Q4 2020 in Review
47 of the 5,652 institutional investors tracked by Wall St. Rank reported a position in Prime Impact Acquisition I Units, each consisting of one Class A ordinary share, and one-third of a redeemable Warrant to acquire one Class A ordinary share (PIAI.U) for Q4 2020, worth a combined $137M — down 48% from $263M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of PIAI.U and 9 opened new positions — a net loss of 16 holders — while 18 trimmed existing stakes and 6 added.
The largest buyer was Silver Rock Financial, opening a new position worth an estimated $4.05M. The largest seller was Linden Advisors, exiting entirely with an estimated $20M sold.
- 47 institutional investors held Prime Impact Acquisition I Units, each consisting of one Class A ordinary share, and one-third of a redeemable Warrant to acquire one Class A ordinary share (PIAI.U) as of Q4 2020, down from 64 in Q3 2020.
- Funds reported $137M of Prime Impact Acquisition I Units, each consisting of one Class A ordinary share, and one-third of a redeemable Warrant to acquire one Class A ordinary share stock for Q4 2020, down 48% quarter-over-quarter.
- 9 funds opened new Prime Impact Acquisition I Units, each consisting of one Class A ordinary share, and one-third of a redeemable Warrant to acquire one Class A ordinary share positions in Q4 2020 and 25 closed out, a net change of -16 holders.
- The largest Prime Impact Acquisition I Units, each consisting of one Class A ordinary share, and one-third of a redeemable Warrant to acquire one Class A ordinary share buyer in Q4 2020 was Silver Rock Financial, an estimated $4.05M added.
- The largest Prime Impact Acquisition I Units, each consisting of one Class A ordinary share, and one-third of a redeemable Warrant to acquire one Class A ordinary share seller in Q4 2020 was Linden Advisors, an estimated $20M sold.
Based on aggregated 13F filings for Q4 2020.