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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
Manulife (Manufacturers Life Insurance)
1
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$13.4M – – –
MF
2
Magnetar Financial
Illinois
$12.2M – – –
DKCM
3
Davidson Kempner Capital Management
New York
$10.2M – – –
Millennium Management
4
Millennium Management
New York
$7.23M – – –
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
5
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$7.14M +$7.12M +700,000 New
MI
6
MMCAP International
Cayman Islands
$7M +$6.98M +685,840 New
LIM
7
Longfellow Investment Management
Massachusetts
$6.19M -$13K -1,273 -0.2%
PC
8
Periscope Capital
Ontario, Canada
$4.4M -$462K -45,358 -10%
BCM
9
Basso Capital Management
Connecticut
$4.33M -$767K -75,400 -15%
BCM
10
BlueCrest Capital Management
Jersey
$4.08M – – –
KPF
11
K2 Principal Fund
Ontario, Canada
$4.08M – – –
UOC
12
UBS O'Connor
Illinois
$3.87M +$3.86M +379,700 New
HIM
13
HGC Investment Management
Ontario, Canada
$3.62M – – –
ACH
14
ArrowMark Colorado Holdings
Colorado
$3.06M – – –
MAM
15
Myriad Asset Management
Hong Kong
$3.06M – – –
VOAM
16
Vertex One Asset Management
British Columbia, Canada
$3.06M – – –
FTCM
17
Fir Tree Capital Management
New York
$2.04M – – –
Hudson Bay Capital Management
18
Hudson Bay Capital Management
Connecticut
$2.04M – – –
RCM
19
Rivernorth Capital Management
Florida
$2.04M +$1.53M +150,000 +300%
PAMP
20
Polar Asset Management Partners
Ontario, Canada
$1.83M -$3.05M -300,000 -63%
WAM
21
Wolverine Asset Management
Illinois
$1.73M -$1.22M -120,000 -41%
BFM
22
Boothbay Fund Management
New York
$1.56M – – –
CCM
23
Context Capital Management
California
$1.53M – – –
SCM
24
Shaolin Capital Management
Florida
$1.53M – – –
KC
25
Kepos Capital
New York
$1.33M -$5.29M -520,000 -80%
1
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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.