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PICC

Pivotal Investment Corporation III
PICC

Delisted

PICC was delisted on the 7th of February, 2023.

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81 hedge funds and large institutions have $244M invested in Pivotal Investment Corporation III in 2022 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 13 closing their positions.

New
Increased
Maintained
Reduced
Closed

46% more repeat investments, than reductions

Existing positions increased: 19 | Existing positions reduced: 13

8% more capital invested

Capital invested by funds: $225M → $244M (+$19.1M)

8% more first-time investments, than exits

New positions opened: 14 | Existing positions closed: 13

0% more funds holding

Funds holding: 81 → 81 (0)

Holders
81
Holders Change
–
Holders Change %
0%
% of All Funds
1.4%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
19
Reduced
13
Closed
13
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MF
Magnetar Financial
Illinois
+$17.8M
2
WCMNY
Westchester Capital Management (New York)
New York
+$7.03M
3
MTCM
Mint Tower Capital Management
Netherlands
+$4.73M
4
CM
Cohanzick Management
New York
+$3.5M
5
FTCM
First Trust Capital Management
Illinois
+$3.37M

Top Sellers

Rank Fund Capital Flow
1
HCM
Highbridge Capital Management
New York
-$9.63M
2
Wellington Management Group
Wellington Management Group
Massachusetts
-$5.98M
3
PMAM
Picton Mahoney Asset Management
Ontario, Canada
-$5.67M
4
Parallax Volatility Advisers
Parallax Volatility Advisers
California
-$5.12M
5
RIA
RP Investment Advisors
Ontario, Canada
-$3.54M
Name Holding Trade Value Shares
Change 		Change in
Stake
FTCM
26
Fir Tree Capital Management
New York
$3.32M +$589K +59,832 +22%
SRCM
27
Sage Rock Capital Management
New York
$3.08M – – –
AA
28
AQR Arbitrage
Connecticut
$3.06M +$2.34M +237,764 +329%
TCM
29
Tenor Capital Management
New York
$2.96M – – –
Verition Fund Management
30
Verition Fund Management
Connecticut
$2.86M +$355K +36,067 +14%
OCM
31
Oribel Capital Management
New York
$2.84M – – –
Alyeska Investment Group
32
Alyeska Investment Group
Illinois
$2.51M – – –
UOC
33
UBS O'Connor
Illinois
$2.26M -$231K -23,466 -9%
CCA
34
Castle Creek Arbitrage
Colorado
$2.12M +$1.97M +200,000 +1,334%
Hudson Bay Capital Management
35
Hudson Bay Capital Management
Connecticut
$1.97M – – –
CSS
36
Cubist Systematic Strategies
Connecticut
$1.68M +$143K +14,500 +9%
WAM
37
Wolverine Asset Management
Illinois
$1.51M -$41.5K -4,217 -3%
AC
38
Athos Capital
Hong Kong
$1.48M – – –
AllianceBernstein
39
AllianceBernstein
Tennessee
$1.45M – – –
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
40
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$1.44M – – –
MC
41
Meteora Capital
Florida
$1.31M +$1.31M +132,969 New
MI
42
MMCAP International
Cayman Islands
$1.23M – – –
LP
43
LMR Partners
United Kingdom
$1.18M – – –
Wellington Management Group
44
Wellington Management Group
Massachusetts
$1.16M -$5.98M -607,051 -84%
Janus Henderson Group
45
Janus Henderson Group
United Kingdom
$1.11M +$1.11M +112,772 New
Barclays
46
Barclays
United Kingdom
$986K -$461K -46,794 -32%
Balyasny Asset Management
47
Balyasny Asset Management
Illinois
$986K – – –
PAMP
48
Polar Asset Management Partners
Ontario, Canada
$986K – – –
TCA
49
Taconic Capital Advisors
New York
$986K – – –
SOA
50
Sea Otter Advisors
Florida
$986K +$985K +100,000 New
1
2
3 4

PICC Hedge Fund Activity: Q3 2022 in Review

81 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Pivotal Investment Corporation III (PICC) for Q3 2022, worth a combined $244M — up 8.5% from $225M a quarter earlier.

Buyers outnumbered sellers: 14 funds opened new PICC positions and 13 closed out — a net gain of 1 holder — while 19 added to existing stakes and 13 trimmed.

The largest buyer was Magnetar Financial, adding an estimated $17.8M. The largest seller was Highbridge Capital Management, cutting an estimated $9.63M.

  • 81 institutional investors held Pivotal Investment Corporation III (PICC) as of Q3 2022, unchanged from Q2 2022.
  • Funds reported $244M of Pivotal Investment Corporation III stock for Q3 2022, up 8.5% quarter-over-quarter.
  • 14 funds opened new Pivotal Investment Corporation III positions in Q3 2022 and 13 closed out, a net change of +1 holder.
  • The largest Pivotal Investment Corporation III buyer in Q3 2022 was Magnetar Financial, an estimated $17.8M added.
  • The largest Pivotal Investment Corporation III seller in Q3 2022 was Highbridge Capital Management, an estimated $9.63M sold.

Based on aggregated 13F filings for Q3 2022.