Pivotal Investment Corporation III
PICC
PICC was delisted on the 7th of February, 2023.
68 hedge funds and large institutions have $166M invested in Pivotal Investment Corporation III in 2021 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 16 increasing their positions, 5 reducing their positions, and 3 closing their positions.
467% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 3
220% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 5
26% more funds holding
Funds holding: 54 → 68 (+14)
22% more capital invested
Capital invested by funds: $135M → $166M (+$30.4M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highbridge Capital Management
New York
|
+$5.6M |
| 2 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
+$4.86M |
| 3 |
Marshall Wace
London,
United Kingdom
|
+$4.35M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$4.03M |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
+$3.36M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TGHSA
TPG Group Holdings (SBS) Advisors
Fort Worth,
Texas
|
-$9.75M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$2.99M |
| 3 |
Verition Fund Management
Greenwich,
Connecticut
|
-$741K |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$608K |
| 5 |
EAM
Exos Asset Management
New York
|
-$146K |
PICC Hedge Fund Activity: Q3 2021 in Review
68 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Pivotal Investment Corporation III (PICC) for Q3 2021, worth a combined $166M — up 22% from $135M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new PICC positions and 3 closed out — a net gain of 14 holders — while 16 added to existing stakes and 5 trimmed.
The largest buyer was Highbridge Capital Management, adding an estimated $5.6M. The largest seller was TPG Group Holdings (SBS) Advisors, exiting entirely with an estimated $9.75M sold.
- 68 institutional investors held Pivotal Investment Corporation III (PICC) as of Q3 2021, up from 54 in Q2 2021.
- Funds reported $166M of Pivotal Investment Corporation III stock for Q3 2021, up 22% quarter-over-quarter.
- 17 funds opened new Pivotal Investment Corporation III positions in Q3 2021 and 3 closed out, a net change of +14 holders.
- The largest Pivotal Investment Corporation III buyer in Q3 2021 was Highbridge Capital Management, an estimated $5.6M added.
- The largest Pivotal Investment Corporation III seller in Q3 2021 was TPG Group Holdings (SBS) Advisors, an estimated $9.75M sold.
Based on aggregated 13F filings for Q3 2021.