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.
15 hedge funds and large institutions have $4.39M 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 2022 Q2 according to their latest regulatory filings, with 0 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 4 closing their positions.
21% less funds holding
Funds holding: 19 → 15 (-4)
60% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 5
87% less capital invested
Capital invested by funds: $32.9M → $4.39M (-$28.5M)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
+$747K |
| 2 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
+$6.59K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$1.98M |
| 2 |
CL
CSS LLC
Chicago,
Illinois
|
-$460K |
| 3 |
CIM
Cowen Investment Management
New York
|
-$447K |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$118K |
| 5 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$29.8K |
PIAI.U Hedge Fund Activity: Q2 2022 in Review
15 of the 5,937 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 2022, worth a combined $4.39M — down 87% from $32.9M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PIAI.U and 0 opened new positions — a net loss of 4 holders — while 5 trimmed existing stakes and 2 added.
The largest buyer was HGC Investment Management, adding an estimated $747K. The largest seller was Magnetar Financial, cutting an estimated $1.98M.
- 15 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 2022, down from 19 in Q1 2022.
- Funds reported $4.39M 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 2022, down 87% quarter-over-quarter.
- 0 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 2022 and 4 closed out, a net change of -4 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 2022 was HGC Investment Management, an estimated $747K 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 2022 was Magnetar Financial, an estimated $1.98M sold.
Based on aggregated 13F filings for Q2 2022.