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.
27 hedge funds and large institutions have $64.1M 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 2021 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 12 reducing their positions, and 25 closing their positions.
43% less funds holding
Funds holding: 47 → 27 (-20)
53% less capital invested
Capital invested by funds: $137M → $64.1M (-$73M)
75% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 12
80% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BFM
Boothbay Fund Management
New York
|
+$3.14M |
| 2 |
MS
Maven Securities
St Helier,
Jersey
|
+$1.08M |
| 3 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$933K |
| 4 |
RA
Ramius Advisors
New York
|
+$292K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$183K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$11.1M |
| 2 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$8.63M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$5.42M |
| 4 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
-$4.24M |
| 5 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$4.24M |
PIAI.U Hedge Fund Activity: Q1 2021 in Review
27 of the 5,696 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 Q1 2021, worth a combined $64.1M — down 53% from $137M a quarter earlier.
Sellers outnumbered buyers: 25 funds closed out of PIAI.U and 5 opened new positions — a net loss of 20 holders — while 12 trimmed existing stakes and 3 added.
The largest buyer was Boothbay Fund Management, opening a new position worth an estimated $3.14M. The largest seller was Millennium Management, cutting an estimated $11.1M.
- 27 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 Q1 2021, down from 47 in Q4 2020.
- Funds reported $64.1M 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 Q1 2021, down 53% quarter-over-quarter.
- 5 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 Q1 2021 and 25 closed out, a net change of -20 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 Q1 2021 was Boothbay Fund Management, an estimated $3.14M 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 Q1 2021 was Millennium Management, an estimated $11.1M sold.
Based on aggregated 13F filings for Q1 2021.