Pivotal Investment Corporation III
PICC
PICC was delisted on the 7th of February, 2023.
80 hedge funds and large institutions have $197M invested in Pivotal Investment Corporation III in 2021 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 13 increasing their positions, 4 reducing their positions, and 4 closing their positions.
325% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 4
225% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 4
19% more capital invested
Capital invested by funds: $166M → $197M (+$31.3M)
18% more funds holding
Funds holding: 68 → 80 (+12)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HSBC Holdings
London,
United Kingdom
|
+$6.66M |
| 2 |
GCL
Glazer Capital LLC
New York
|
+$6.01M |
| 3 |
CFIA
Cantor Fitzgerald Investment Advisors
New York
|
+$3.49M |
| 4 |
HIH
HRS Investment Holdings
New York
|
+$3.49M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$2.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wellington Management Group
Boston,
Massachusetts
|
-$2.43M |
| 2 |
AC
Athanor Capital
New York
|
-$1.35M |
| 3 |
ESCM
Echo Street Capital Management
New York
|
-$974K |
| 4 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$504K |
| 5 |
Millennium Management
New York
|
-$251K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ECM
76
Evolution Capital Management
Crystal Bay,
Nevada
| $97K | +$97.7K | +10,000 | New |
|
|
SC
77
Sagefield Capital
Dallas,
Texas
| $56K | +$56.6K | +5,800 | New |
|
78
UBS Group
Zurich,
Switzerland
| $24K | +$24.4K | +2,496 | New |
|
|
CM
79
Cohanzick Management
Pleasantville,
New York
| $20.9K | +$21K | +2,150 | New |
|
|
AA
80
Ancora Advisors
Cleveland,
Ohio
| $14K | – | – | – |
|
|
AC
81
Athanor Capital
New York
| – | -$1.35M | -138,365 | Closed |
|
|
ESCM
82
Echo Street Capital Management
New York
| – | -$974K | -100,000 | Closed |
|
|
VCM
83
Vivaldi Capital Management
Chicago,
Illinois
| – | -$146K | -15,000 | Closed |
|
84
Morgan Stanley
New York
| – | -$2K | -157 | Closed |
|
PICC Hedge Fund Activity: Q4 2021 in Review
80 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Pivotal Investment Corporation III (PICC) for Q4 2021, worth a combined $197M — up 19% from $166M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new PICC positions and 4 closed out — a net gain of 13 holders — while 13 added to existing stakes and 4 trimmed.
The largest buyer was HSBC Holdings, adding an estimated $6.66M. The largest seller was Wellington Management Group, cutting an estimated $2.43M.
- 80 institutional investors held Pivotal Investment Corporation III (PICC) as of Q4 2021, up from 68 in Q3 2021.
- Funds reported $197M of Pivotal Investment Corporation III stock for Q4 2021, up 19% quarter-over-quarter.
- 17 funds opened new Pivotal Investment Corporation III positions in Q4 2021 and 4 closed out, a net change of +13 holders.
- The largest Pivotal Investment Corporation III buyer in Q4 2021 was HSBC Holdings, an estimated $6.66M added.
- The largest Pivotal Investment Corporation III seller in Q4 2021 was Wellington Management Group, an estimated $2.43M sold.
Based on aggregated 13F filings for Q4 2021.