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PICC

Pivotal Investment Corporation III
PICC

Delisted

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

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5 hedge funds and large institutions have $1.65M invested in Pivotal Investment Corporation III in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 1 increasing their positions, 0 reducing their positions, and 61 closing their positions.

New
Increased
Maintained
Reduced
Closed

92% less funds holding

Funds holding: 64 → 5 (-59)

93% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 61

99% less capital invested

Capital invested by funds: $205M → $1.65M (-$204M)

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
5
Holders Change
-59
Holders Change %
-92.19%
% of All Funds
0.08%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
4
Increased
1
Reduced
–
Closed
61
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CCM
Connective Capital Management
California
+$684K
2
RCM
Robinson Capital Management
Michigan
+$399K
3
TI
Tidal Investments
Wisconsin
+$399K
4
FTUS
Flow Traders U.S.
New York
+$31.1K
5
CS
Clear Street
New York
+$4.98K

Top Sellers

Rank Fund Capital Flow
1
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$20.2M
2
Marshall Wace
Marshall Wace
United Kingdom
-$13.6M
3
FTCM
First Trust Capital Management
Illinois
-$11.3M
4
SCM
Saba Capital Management
New York
-$9.18M
5
HSBC Holdings
HSBC Holdings
United Kingdom
-$8.77M
Name Holding Trade Value Shares
Change 		Change in
Stake
CM
26
Cohanzick Management
New York
– -$3.61M -356,988 Closed
AA
27
AQR Arbitrage
Connecticut
– -$3.49M -344,994 Closed
FTCM
28
Fir Tree Capital Management
New York
– -$3.4M -336,382 Closed
PC
29
Periscope Capital
Ontario, Canada
– -$3.23M -320,200 Closed
SRCM
30
Sage Rock Capital Management
New York
– -$3.17M -312,885 Closed
TCM
31
Tenor Capital Management
New York
– -$3.04M -300,000 Closed
OCM
32
Oribel Capital Management
New York
– -$2.92M -288,058 Closed
KPF
33
K2 Principal Fund
Ontario, Canada
– -$2.52M -249,450 Closed
MC
34
Meteora Capital
Florida
– -$2.36M -233,160 Closed
RCM
35
Rivernorth Capital Management
Florida
– -$2.34M -231,060 Closed
CSS
36
Cubist Systematic Strategies
Connecticut
– -$2.1M -207,325 Closed
Hudson Bay Capital Management
37
Hudson Bay Capital Management
Connecticut
– -$2.02M -200,000 Closed
SIM
38
Sandia Investment Management
Massachusetts
– -$2.02M -200,000 Closed
ETH
39
Exos TFP Holdings
New York
– -$2M -199,384 Closed
SRF
40
Silver Rock Financial
California
– -$1.61M -158,615 Closed
EC
41
Elequin Capital
New York
– -$1.59M -157,392 Closed
CIM
42
Cowen Investment Management
New York
– -$1.52M -150,000 Closed
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
43
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
– -$1.48M -146,500 Closed
MI
44
MMCAP International
Cayman Islands
– -$1.26M -125,000 Closed
SOA
45
Sea Otter Advisors
Florida
– -$1.27M -125,000 Closed
LP
46
LMR Partners
United Kingdom
– -$1.21M -120,000 Closed
Janus Henderson Group
47
Janus Henderson Group
United Kingdom
– -$1.08M -106,387 Closed
Balyasny Asset Management
48
Balyasny Asset Management
Illinois
– -$1.01M -100,000 Closed
TCA
49
Taconic Capital Advisors
New York
– -$1M -100,000 Closed
Goldman Sachs
50
Goldman Sachs
New York
– -$916K -90,550 Closed
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PICC Hedge Fund Activity: Q1 2023 in Review

5 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Pivotal Investment Corporation III (PICC) for Q1 2023, worth a combined $1.65M — down 99% from $205M a quarter earlier.

Sellers outnumbered buyers: 61 funds closed out of PICC and 4 opened new positions — a net loss of 57 holders — while 0 trimmed existing stakes and 1 added.

The largest buyer was Connective Capital Management, opening a new position worth an estimated $684K. The largest seller was Adage Capital Partners, exiting entirely with an estimated $20.2M sold.

  • 5 institutional investors held Pivotal Investment Corporation III (PICC) as of Q1 2023, down from 64 in Q4 2022.
  • Funds reported $1.65M of Pivotal Investment Corporation III stock for Q1 2023, down 99% quarter-over-quarter.
  • 4 funds opened new Pivotal Investment Corporation III positions in Q1 2023 and 61 closed out, a net change of -57 holders.
  • The largest Pivotal Investment Corporation III buyer in Q1 2023 was Connective Capital Management, an estimated $684K added.
  • The largest Pivotal Investment Corporation III seller in Q1 2023 was Adage Capital Partners, an estimated $20.2M sold.

Based on aggregated 13F filings for Q1 2023.