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.
8 hedge funds and large institutions have $5.25M invested in Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on in 2020 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 3 reducing their positions, and 16 closing their positions.
65% less funds holding
Funds holding: 23 → 8 (-15)
67% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 3
90% less capital invested
Capital invested by funds: $52M → $5.25M (-$46.7M)
94% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MS
Maven Securities
St Helier,
Jersey
|
+$282K |
| 2 |
TRCT
Tower Research Capital (TRC)
New York
|
+$135 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$13.2M |
| 2 |
DKCM
Davidson Kempner Capital Management
New York
|
-$10.3M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$8.22M |
| 4 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$4.5M |
| 5 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$3.83M |
PIC.U Hedge Fund Activity: Q3 2020 in Review
8 of the 4,970 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 Q3 2020, worth a combined $5.25M — down 90% from $52M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of PIC.U and 1 opened new positions — a net loss of 15 holders — while 3 trimmed existing stakes and 1 added.
The largest buyer was Maven Securities, opening a new position worth an estimated $282K. The largest seller was Magnetar Financial, exiting entirely with an estimated $13.2M sold.
- 8 institutional investors held Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on (PIC.U) as of Q3 2020, down from 23 in Q2 2020.
- Funds reported $5.25M of Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on stock for Q3 2020, down 90% quarter-over-quarter.
- 1 fund opened new Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on positions in Q3 2020 and 16 closed out, a net change of -15 holders.
- The largest Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on buyer in Q3 2020 was Maven Securities, an estimated $282K added.
- The largest Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on seller in Q3 2020 was Magnetar Financial, an estimated $13.2M sold.
Based on aggregated 13F filings for Q3 2020.