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.
22 hedge funds and large institutions have $47.3M 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 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 7 closing their positions.
19% less funds holding
Funds holding: 27 → 22 (-5)
27% less capital invested
Capital invested by funds: $64.4M → $47.3M (-$17.2M)
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
+$756K |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$7.15K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$3.95K |
| 4 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$3.02K |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$222 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
CAAS Capital Management
New York
|
-$5.94M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$5.89M |
| 3 |
BFM
Boothbay Fund Management
New York
|
-$2.88M |
| 4 |
JP Morgan Chase
New York
|
-$2.25M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$742K |
PIAI.U Hedge Fund Activity: Q2 2021 in Review
22 of the 5,767 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 Q2 2021, worth a combined $47.3M — down 27% from $64.4M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PIAI.U and 2 opened new positions — a net loss of 5 holders — while 7 trimmed existing stakes and 3 added.
The largest buyer was HGC Investment Management, opening a new position worth an estimated $756K. The largest seller was CAAS Capital Management, exiting entirely with an estimated $5.94M sold.
- 22 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 Q2 2021, down from 27 in Q1 2021.
- Funds reported $47.3M 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 Q2 2021, down 27% quarter-over-quarter.
- 2 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 Q2 2021 and 7 closed out, a net change of -5 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 Q2 2021 was HGC Investment Management, an estimated $756K 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 Q2 2021 was CAAS Capital Management, an estimated $5.94M sold.
Based on aggregated 13F filings for Q2 2021.