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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
KKRC
51
Kohlberg Kravis Roberts & Co
New York
$419K – – –
LCM
52
Landscape Capital Management
New Jersey
$403K +$30.5K +3,059 +8%
AllianceBernstein
53
AllianceBernstein
Tennessee
$389K -$1.09M -109,130 -74%
SMC
54
Smith, Moore & Co
Missouri
$309K – – –
GCIA
55
Gabelli & Co Investment Advisers
New York
$260K +$256K +25,700 New
GF
56
Gabelli Funds
New York
$246K +$242K +24,300 New
ACA
57
Arena Capital Advisors
California
$183K – – –
FTUS
58
Flow Traders U.S.
New York
$154K +$35.6K +3,574 +31%
KL
59
KIM LLC
Kansas
$152K – – –
DCM
60
Dupont Capital Management
Delaware
$152K – – –
NAM
61
Nexpoint Asset Management
Texas
$145K – – –
ECM
62
Evolution Capital Management
Nevada
$101K – – –
OAC
63
OMERS Administration Corp
Ontario, Canada
$101K – – –
AS
64
Altshuler Shaham
Israel
$2.16K +$430K +43,145 New
MF
65
Magnetar Financial
Illinois
– -$19.8M -2,004,687 Closed
HCM
66
Highbridge Capital Management
New York
– -$12M -1,215,829 Closed
AC
67
Aristeia Capital
Connecticut
– -$11.8M -1,200,000 Closed
GCL
68
Glazer Capital LLC
New York
– -$6.25M -634,230 Closed
WAM
69
Weiss Asset Management
Massachusetts
– -$5.45M -553,353 Closed
CL
70
CSS LLC
Illinois
– -$5.28M -535,926 Closed
RCM
71
Radcliffe Capital Management
Pennsylvania
– -$5.24M -531,946 Closed
RIA
72
RP Investment Advisors
Ontario, Canada
– -$4.26M -431,886 Closed
GCM
73
Ghisallo Capital Management
Massachusetts
– -$4.08M -413,673 Closed
Verition Fund Management
74
Verition Fund Management
Connecticut
– -$2.86M -289,767 Closed
Alyeska Investment Group
75
Alyeska Investment Group
Illinois
– -$2.51M -255,000 Closed
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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.