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.
36 hedge funds and large institutions have $128M 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.
15% less capital invested
Capital invested by funds: $150M → $128M (-$22.1M)
18% less funds holding
Funds holding: 44 → 36 (-8)
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$3.86M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.53M |
| 3 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$241K |
| 4 |
CAC
Cowen and Company
New York
|
+$218K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$6.11M |
| 2 |
KC
Kepos Capital
New York
|
-$5.29M |
| 3 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$5.09M |
| 4 |
HI
HBK Investments
Dallas,
Texas
|
-$4.58M |
| 5 |
MCM
Moore Capital Management
New York
|
-$4.07M |
PIC.U Hedge Fund Activity: Q4 2019 in Review
36 of the 5,092 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 $128M — down 15% 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 $128M of Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on stock for Q4 2019, down 15% 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.