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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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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.

New
Increased
Maintained
Reduced
Closed

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

Holders
8
Holders Change
-15
Holders Change %
-65.22%
% of All Funds
0.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
1
Reduced
3
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MS
Maven Securities
Jersey
+$282K
2
TRCT
Tower Research Capital (TRC)
New York
+$135

Top Sellers

Rank Fund Capital Flow
1
MF
Magnetar Financial
Illinois
-$13.2M
2
DKCM
Davidson Kempner Capital Management
New York
-$10.3M
3
PC
Periscope Capital
Ontario, Canada
-$8.22M
4
SCM
Shaolin Capital Management
Florida
-$4.5M
5
KPF
K2 Principal Fund
Ontario, Canada
-$3.83M
Name Holding Trade Value Shares
Change 		Change in
Stake
ACH
1
ArrowMark Colorado Holdings
Colorado
$3.83M – – –
LIM
2
Longfellow Investment Management
Massachusetts
$685K -$1.6M -141,497 -72%
MS
3
Maven Securities
Jersey
$325K +$282K +25,000 New
BFM
4
Boothbay Fund Management
New York
$190K -$563K -49,874 -77%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
5
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$127K – – –
HIM
6
HGC Investment Management
Ontario, Canada
$79K – – –
UBS Group
7
UBS Group
Switzerland
$9K -$9.09K -806 -54%
TRCT
8
Tower Research Capital (TRC)
New York
$4K +$135 +12 +4%
MF
9
Magnetar Financial
Illinois
– -$13.2M -1,263,800 Closed
DKCM
10
Davidson Kempner Capital Management
New York
– -$10.3M -1,000,000 Closed
PC
11
Periscope Capital
Ontario, Canada
– -$8.22M -794,542 Closed
SCM
12
Shaolin Capital Management
Florida
– -$4.5M -437,185 Closed
KPF
13
K2 Principal Fund
Ontario, Canada
– -$3.83M -371,512 Closed
RCM
14
Rivernorth Capital Management
Florida
– -$1.98M -192,495 Closed
YCM
15
Yakira Capital Management
Connecticut
– -$1.03M -100,000 Closed
WAM
16
Wolverine Asset Management
Illinois
– -$673K -65,406 Closed
CCA
17
Castle Creek Arbitrage
Colorado
– -$500K -48,500 Closed
Walleye Capital
18
Walleye Capital
New York
– -$411K -39,900 Closed
GCIA
19
Gabelli & Co Investment Advisers
New York
– -$409K -39,700 Closed
GF
20
Gabelli Funds
New York
– -$364K -35,300 Closed
Walleye Trading
21
Walleye Trading
New York
– -$274K -26,600 Closed
BI
22
Bulldog Investors
New Jersey
– -$185K -18,000 Closed
PAM
23
Panagora Asset Management
Massachusetts
– -$65K -6,314 Closed
Royal Bank of Canada
24
Royal Bank of Canada
Ontario, Canada
– -$1K -83 Closed

PIC.U Hedge Fund Activity: Q3 2020 in Review

8 of the 4,957 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.