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PIC.U

Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on
PIC.U

Delisted

PIC.U was delisted on the 21st of December, 2020.

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36 hedge funds and large institutions have $117M invested in Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on in 2019 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 1 increasing their positions, 10 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

18% less funds holding

Funds holding: 44 → 36 (-8)

22% less capital invested

Capital invested by funds: $150M → $117M (-$32.5M)

62% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 13

90% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 10

Holders
36
Holders Change
-8
Holders Change %
-18.18%
% of All Funds
0.71%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
1
Reduced
10
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
UOC
UBS O'Connor
Illinois
+$3.86M
2
RCM
Rivernorth Capital Management
Florida
+$1.53M
3
PMAM
Picton Mahoney Asset Management
Ontario, Canada
+$241K
4
CAC
Cowen and Company
New York
+$218K

Top Sellers

Rank Fund Capital Flow
1
WCMNY
Westchester Capital Management (New York)
New York
-$6.11M
2
KC
Kepos Capital
New York
-$5.29M
3
MP
Mangrove Partners
Connecticut
-$5.09M
4
HI
HBK Investments
Texas
-$4.58M
5
MCM
Moore Capital Management
New York
-$4.07M
Name Holding Trade Value Shares
Change 		Change in
Stake
BI
26
Bulldog Investors
New Jersey
$1.28M – – –
YCM
27
Yakira Capital Management
Connecticut
$1.02M – – –
Stifel Financial
28
Stifel Financial
Missouri
$786K – – –
NAM
29
Nexpoint Asset Management
Texas
$510K – – –
Walleye Capital
30
Walleye Capital
New York
$296K -$60K -5,900 -17%
PMAM
31
Picton Mahoney Asset Management
Ontario, Canada
$242K +$241K +23,700 New
CAC
32
Cowen and Company
New York
$219K +$218K +21,435 New
ICM
33
Ionic Capital Management
New York
$204K -$305K -30,014 -60%
PAM
34
Panagora Asset Management
Massachusetts
$17K -$23.4K -2,298 -57%
OP
35
Omni Partners
United Kingdom
$10.4K – – –
TRCT
36
Tower Research Capital (TRC)
New York
$1K -$875 -86 -43%
WCMNY
37
Westchester Capital Management (New York)
New York
– -$6.11M -600,000 Closed
MP
38
Mangrove Partners
Connecticut
– -$5.09M -500,000 Closed
HI
39
HBK Investments
Texas
– -$4.58M -450,000 Closed
MCM
40
Moore Capital Management
New York
– -$4.07M -400,000 Closed
OCAM
41
Owl Creek Asset Management
New York
– -$3.02M -296,400 Closed
MIM
42
Monashee Investment Management
Massachusetts
– -$2.54M -250,000 Closed
GCIA
43
Gabelli & Co Investment Advisers
New York
– -$1.68M -164,800 Closed
GF
44
Gabelli Funds
New York
– -$1.5M -147,700 Closed
WRBC
45
W.R. Berkley Corp
Connecticut
– -$1.01M -99,151 Closed
MSU
46
Mizuho Securities USA
New York
– -$509K -50,000 Closed
TCM
47
Tenor Capital Management
New York
– -$509K -50,000 Closed
GCL
48
Glazer Capital LLC
New York
– -$387K -38,058 Closed
BRF
49
B. Riley Financial
California
– -$255K -25,000 Closed
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PIC.U Hedge Fund Activity: Q4 2019 in Review

36 of the 5,076 institutional investors tracked by Wall St. Rank reported a position in Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on (PIC.U) for Q4 2019, worth a combined $117M — down 22% from $150M a quarter earlier.

Sellers outnumbered buyers: 13 funds closed out of PIC.U and 5 opened new positions — a net loss of 8 holders — while 10 trimmed existing stakes and 1 added.

The largest buyer was UBS O'Connor, opening a new position worth an estimated $3.86M. The largest seller was Westchester Capital Management (New York), exiting entirely with an estimated $6.11M sold.

  • 36 institutional investors held Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on (PIC.U) as of Q4 2019, down from 44 in Q3 2019.
  • Funds reported $117M of Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on stock for Q4 2019, down 22% quarter-over-quarter.
  • 5 funds opened new Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on positions in Q4 2019 and 13 closed out, a net change of -8 holders.
  • The largest Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on buyer in Q4 2019 was UBS O'Connor, an estimated $3.86M added.
  • The largest Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on seller in Q4 2019 was Westchester Capital Management (New York), an estimated $6.11M sold.

Based on aggregated 13F filings for Q4 2019.