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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
SIA
51
Schechter Investment Advisors
Michigan
– -$873K -86,280 Closed
Jane Street
52
Jane Street
New York
– -$665K -65,687 Closed
BFM
53
Boothbay Fund Management
New York
– -$628K -62,020 Closed
AS
54
Altshuler Shaham
Israel
– -$2.16K -43,145 Closed
CC
55
Centiva Capital
New York
– -$426K -42,139 Closed
KKRC
56
Kohlberg Kravis Roberts & Co
New York
– -$419K -41,411 Closed
LCM
57
Landscape Capital Management
New Jersey
– -$403K -39,828 Closed
AllianceBernstein
58
AllianceBernstein
Tennessee
– -$389K -38,445 Closed
SMC
59
Smith, Moore & Co
Missouri
– -$309K -30,500 Closed
GCIA
60
Gabelli & Co Investment Advisers
New York
– -$260K -25,700 Closed
GF
61
Gabelli Funds
New York
– -$246K -24,300 Closed
ACA
62
Arena Capital Advisors
California
– -$183K -18,033 Closed
DCM
63
Dupont Capital Management
Delaware
– -$152K -15,000 Closed
KL
64
KIM LLC
Kansas
– -$152K -15,000 Closed
NAM
65
Nexpoint Asset Management
Texas
– -$145K -14,302 Closed
OAC
66
OMERS Administration Corp
Ontario, Canada
– -$101K -10,000 Closed
1 2
3

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.