Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on
PIC.U
PIC.U was delisted on the 21st of December, 2020.
23 hedge funds and large institutions have $72.2M invested in Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on in 2020 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 8 increasing their positions, 8 reducing their positions, and 14 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 8
36% less funds holding
Funds holding: 36 → 23 (-13)
38% less capital invested
Capital invested by funds: $117M → $72.2M (-$45M)
86% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$3.68M |
| 2 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$2.91M |
| 3 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$2.8M |
| 4 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
+$913K |
| 5 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$647K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$13.4M |
| 2 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
-$7M |
| 3 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$7M |
| 4 |
Millennium Management
New York
|
-$5.99M |
| 5 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$4.08M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
BCM
26
BlueCrest Capital Management
St Helier,
Jersey
| – | -$4.08M | -400,000 | Closed |
|
|
UOC
27
UBS O'Connor
Chicago,
Illinois
| – | -$3.87M | -379,700 | Closed |
|
|
FTCM
28
Fir Tree Capital Management
New York
| – | -$2.04M | -200,000 | Closed |
|
29
Hudson Bay Capital Management
Stamford,
Connecticut
| – | -$2.04M | -200,000 | Closed |
|
|
PAMP
30
Polar Asset Management Partners
Toronto,
Ontario, Canada
| – | -$1.83M | -179,568 | Closed |
|
|
CCM
31
Context Capital Management
Lajolla,
California
| – | -$1.53M | -150,000 | Closed |
|
|
KC
32
Kepos Capital
New York
| – | -$1.33M | -130,000 | Closed |
|
33
Stifel Financial
St. Louis,
Missouri
| – | -$786K | -77,100 | Closed |
|
|
NAM
34
Nexpoint Asset Management
Dallas,
Texas
| – | -$510K | -50,000 | Closed |
|
|
CAC
35
Cowen and Company
New York
| – | -$219K | -21,435 | Closed |
|
|
ICM
36
Ionic Capital Management
New York
| – | -$204K | -20,000 | Closed |
|
|
TRCT
37
Tower Research Capital (TRC)
New York
| – | -$1K | -114 | Closed |
|
PIC.U Hedge Fund Activity: Q1 2020 in Review
23 of the 4,538 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 Q1 2020, worth a combined $72.2M — down 38% from $117M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of PIC.U and 2 opened new positions — a net loss of 12 holders — while 8 trimmed existing stakes and 8 added.
The largest buyer was Periscope Capital, adding an estimated $3.68M. The largest seller was Manulife (Manufacturers Life Insurance), exiting entirely with an estimated $13.4M sold.
- 23 institutional investors held Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on (PIC.U) as of Q1 2020, down from 36 in Q4 2019.
- Funds reported $72.2M of Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on stock for Q1 2020, down 38% quarter-over-quarter.
- 2 funds opened new Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on positions in Q1 2020 and 14 closed out, a net change of -12 holders.
- The largest Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on buyer in Q1 2020 was Periscope Capital, an estimated $3.68M added.
- The largest Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on seller in Q1 2020 was Manulife (Manufacturers Life Insurance), an estimated $13.4M sold.
Based on aggregated 13F filings for Q1 2020.