Pivotal Investment Corporation III
PICC
PICC was delisted on the 7th of February, 2023.
82 hedge funds and large institutions have $218M invested in Pivotal Investment Corporation III in 2022 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 18 increasing their positions, 5 reducing their positions, and 7 closing their positions.
260% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 5
29% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 7
11% more capital invested
Capital invested by funds: $197M → $218M (+$21.5M)
3% more funds holding
Funds holding: 80 → 82 (+2)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$11.2M |
| 2 |
Parallax Volatility Advisers
San Francisco,
California
|
+$4.91M |
| 3 |
SRCM
Sage Rock Capital Management
New York
|
+$3.05M |
| 4 |
Barclays
London,
United Kingdom
|
+$1.92M |
| 5 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$1.54M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIH
HRS Investment Holdings
New York
|
-$3.48M |
| 2 |
UOC
UBS O'Connor
Chicago,
Illinois
|
-$2.46M |
| 3 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$1.18M |
| 4 |
Blackstone Inc
New York
|
-$1.17M |
| 5 |
LOAMU
Lombard Odier Asset Management (USA)
New York
|
-$974K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ECM
76
Evolution Capital Management
Crystal Bay,
Nevada
| $98K | – | – | – |
|
|
OAC
77
OMERS Administration Corp
Toronto,
Ontario, Canada
| $98K | – | – | – |
|
|
SC
78
Sagefield Capital
Dallas,
Texas
| $57K | – | – | – |
|
|
SFM
79
Spartan Fund Management
Toronto, Ontario,
Canada
| $33K | +$26.3K | +2,700 | New |
|
|
CM
80
Cohanzick Management
Pleasantville,
New York
| $21K | – | – | – |
|
81
UBS Group
Zurich,
Switzerland
| $17K | -$7.21K | -740 | -30% |
|
|
CS
82
Clear Street
New York
| $3K | +$2.55K | +262 | New |
|
|
HIH
83
HRS Investment Holdings
New York
| – | -$3.48M | -357,300 | Closed |
|
|
UOC
84
UBS O'Connor
Chicago,
Illinois
| – | -$2.46M | -252,838 | Closed |
|
|
KPF
85
K2 Principal Fund
Toronto,
Ontario, Canada
| – | -$1.18M | -120,660 | Closed |
|
|
86
Blackstone Inc
New York
| – | -$1.17M | -120,000 | Closed |
|
|
LOAMU
87
Lombard Odier Asset Management (USA)
New York
| – | -$974K | -100,000 | Closed |
|
|
MAM
88
Myriad Asset Management
North Point,
Hong Kong
| – | -$479K | -49,184 | Closed |
|
89
Qube Research & Technologies (QRT)
London,
United Kingdom
| – | -$102K | -10,454 | Closed |
|
PICC Hedge Fund Activity: Q1 2022 in Review
82 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Pivotal Investment Corporation III (PICC) for Q1 2022, worth a combined $218M — up 11% from $197M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new PICC positions and 7 closed out — a net gain of 2 holders — while 18 added to existing stakes and 5 trimmed.
The largest buyer was Aristeia Capital, adding an estimated $11.2M. The largest seller was HRS Investment Holdings, exiting entirely with an estimated $3.48M sold.
- 82 institutional investors held Pivotal Investment Corporation III (PICC) as of Q1 2022, up from 80 in Q4 2021.
- Funds reported $218M of Pivotal Investment Corporation III stock for Q1 2022, up 11% quarter-over-quarter.
- 9 funds opened new Pivotal Investment Corporation III positions in Q1 2022 and 7 closed out, a net change of +2 holders.
- The largest Pivotal Investment Corporation III buyer in Q1 2022 was Aristeia Capital, an estimated $11.2M added.
- The largest Pivotal Investment Corporation III seller in Q1 2022 was HRS Investment Holdings, an estimated $3.48M sold.
Based on aggregated 13F filings for Q1 2022.