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 $52M invested in Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 3 increasing their positions, 6 reducing their positions, and 6 closing their positions.
0% more funds holding
Funds holding: 23 → 23 (0)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
28% less capital invested
Capital invested by funds: $72.2M → $52M (-$20.2M)
50% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$736K |
| 2 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
+$492K |
| 3 |
GCIA
Gabelli & Co Investment Advisers
Rye,
New York
|
+$403K |
| 4 |
GF
Gabelli Funds
Rye,
New York
|
+$358K |
| 5 |
Walleye Trading
New York
|
+$270K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
OP
Omni Partners
London,
United Kingdom
|
-$10.5M |
| 2 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
-$3.92M |
| 3 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
-$2.99M |
| 4 |
MAM
Myriad Asset Management
North Point,
Hong Kong
|
-$1.99M |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.19M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MAM
26
Myriad Asset Management
North Point,
Hong Kong
| – | -$1.99M | -200,000 | Closed |
|
27
Millennium Management
New York
| – | -$1.18M | -118,200 | Closed |
|
|
RCM
28
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
| – | -$897K | -90,080 | Closed |
|
|
BCM
29
Basso Capital Management
Stamford,
Connecticut
| – | -$598K | -60,000 | Closed |
|
PIC.U Hedge Fund Activity: Q2 2020 in Review
23 of the 4,878 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 Q2 2020, worth a combined $52M — down 28% from $72.2M a quarter earlier.
Fund positioning in PIC.U was balanced in Q2 2020: 6 funds opened new positions, 6 closed out, 3 added to existing stakes and 6 trimmed.
The largest buyer was K2 Principal Fund, adding an estimated $736K. The largest seller was Omni Partners, exiting entirely with an estimated $10.5M 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 Q2 2020, unchanged from Q1 2020.
- Funds reported $52M of Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on stock for Q2 2020, down 28% quarter-over-quarter.
- 6 funds opened new Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on positions in Q2 2020 and 6 closed out, a net change of 0 holders.
- The largest Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on buyer in Q2 2020 was K2 Principal Fund, an estimated $736K added.
- The largest Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on seller in Q2 2020 was Omni Partners, an estimated $10.5M sold.
Based on aggregated 13F filings for Q2 2020.