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PICC

Pivotal Investment Corporation III
PICC

Delisted

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

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64 hedge funds and large institutions have $205M invested in Pivotal Investment Corporation III in 2022 Q4 according to their latest regulatory filings, with 13 funds opening new positions, 17 increasing their positions, 7 reducing their positions, and 29 closing their positions.

New
Increased
Maintained
Reduced
Closed

143% more repeat investments, than reductions

Existing positions increased: 17 | Existing positions reduced: 7

16% less capital invested

Capital invested by funds: $244M → $205M (-$39.1M)

21% less funds holding

Funds holding: 81 → 64 (-17)

55% less first-time investments, than exits

New positions opened: 13 | Existing positions closed: 29

Holders
64
Holders Change
-17
Holders Change %
-20.99%
% of All Funds
1.03%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
13
Increased
17
Reduced
7
Closed
29
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
+$5.5M
2
KIM
Karpus Investment Management
New York
+$5.42M
3
PAMP
Polar Asset Management Partners
Ontario, Canada
+$4.82M
4
DFCM
Dark Forest Capital Management
Puerto Rico
+$4.13M
5
D.E. Shaw & Co
D.E. Shaw & Co
New York
+$2.96M

Top Sellers

Rank Fund Capital Flow
1
MF
Magnetar Financial
Illinois
-$19.8M
2
HCM
Highbridge Capital Management
New York
-$12M
3
AC
Aristeia Capital
Connecticut
-$11.8M
4
GCL
Glazer Capital LLC
New York
-$6.25M
5
WAM
Weiss Asset Management
Massachusetts
-$5.45M
Name Holding Trade Value Shares
Change 		Change in
Stake
TCM
26
Tenor Capital Management
New York
$3.04M – – –
OCM
27
Oribel Capital Management
New York
$2.92M – – –
KPF
28
K2 Principal Fund
Ontario, Canada
$2.52M +$2.49M +249,450 New
MC
29
Meteora Capital
Florida
$2.36M +$998K +100,191 +75%
RCM
30
Rivernorth Capital Management
Florida
$2.34M +$2.17M +217,575 +1,613%
CSS
31
Cubist Systematic Strategies
Connecticut
$2.1M +$368K +36,948 +22%
SIM
32
Sandia Investment Management
Massachusetts
$2.02M +$1.99M +200,000 New
KC
33
Kepos Capital
New York
$2.02M +$1.99M +200,000 New
Hudson Bay Capital Management
34
Hudson Bay Capital Management
Connecticut
$2.02M – – –
ETH
35
Exos TFP Holdings
New York
$2M +$1.38M +138,000 +225%
SRF
36
Silver Rock Financial
California
$1.61M +$1.58M +158,615 New
EC
37
Elequin Capital
New York
$1.59M +$1.32M +132,197 +525%
CIM
38
Cowen Investment Management
New York
$1.52M +$1.49M +150,000 New
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
39
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$1.48M – – –
SOA
40
Sea Otter Advisors
Florida
$1.27M +$249K +25,000 +25%
MI
41
MMCAP International
Cayman Islands
$1.26M – – –
LP
42
LMR Partners
United Kingdom
$1.21M – – –
Janus Henderson Group
43
Janus Henderson Group
United Kingdom
$1.08M -$63.6K -6,385 -6%
Balyasny Asset Management
44
Balyasny Asset Management
Illinois
$1.01M – – –
TCA
45
Taconic Capital Advisors
New York
$1M – – –
Goldman Sachs
46
Goldman Sachs
New York
$916K – – –
SIA
47
Schechter Investment Advisors
Michigan
$873K +$860K +86,280 New
Jane Street
48
Jane Street
New York
$665K +$509K +51,096 +350%
BFM
49
Boothbay Fund Management
New York
$628K +$96.6K +9,692 +19%
CC
50
Centiva Capital
New York
$426K – – –
1
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PICC Hedge Fund Activity: Q4 2022 in Review

64 of the 6,221 institutional investors tracked by Wall St. Rank reported a position in Pivotal Investment Corporation III (PICC) for Q4 2022, worth a combined $205M — down 16% from $244M a quarter earlier.

Sellers outnumbered buyers: 29 funds closed out of PICC and 13 opened new positions — a net loss of 16 holders — while 7 trimmed existing stakes and 17 added.

The largest buyer was BlackRock, opening a new position worth an estimated $5.5M. The largest seller was Magnetar Financial, exiting entirely with an estimated $19.8M sold.

  • 64 institutional investors held Pivotal Investment Corporation III (PICC) as of Q4 2022, down from 81 in Q3 2022.
  • Funds reported $205M of Pivotal Investment Corporation III stock for Q4 2022, down 16% quarter-over-quarter.
  • 13 funds opened new Pivotal Investment Corporation III positions in Q4 2022 and 29 closed out, a net change of -16 holders.
  • The largest Pivotal Investment Corporation III buyer in Q4 2022 was BlackRock, an estimated $5.5M added.
  • The largest Pivotal Investment Corporation III seller in Q4 2022 was Magnetar Financial, an estimated $19.8M sold.

Based on aggregated 13F filings for Q4 2022.