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PICC

Pivotal Investment Corporation III

Delisted

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.

New
Increased
Maintained
Reduced
Closed

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: 8082 (+2)

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
82
Holders Change
+2
Holders Change %
+2.5%
% of All Funds
1.29%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
9
Increased
18
Reduced
5
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
HCM
1
Highbridge Capital Management
New York
$21.4M -$157K -16,107 -0.7%
Adage Capital Partners
2
Adage Capital Partners
Massachusetts
$19.6M
AC
3
Aristeia Capital
Connecticut
$11.7M +$11.2M +1,150,000 +2,300%
Marshall Wace
4
Marshall Wace
United Kingdom
$10.5M +$1.17M +120,000 +13%
AS
5
Altshuler Shaham
Israel
$9.65M +$292K +30,000 +3%
HSBC Holdings
6
HSBC Holdings
United Kingdom
$9.47M +$585K +60,042 +7%
Wellington Management Group
7
Wellington Management Group
Massachusetts
$7.08M
GCL
8
Glazer Capital LLC
New York
$6.11M +$91K +9,340 +2%
Nomura Holdings
9
Nomura Holdings
Japan
$5.62M
CL
10
CSS LLC
Illinois
$5.51M +$270K +27,763 +5%
WAM
11
Weiss Asset Management
Massachusetts
$5.41M
Parallax Volatility Advisers
12
Parallax Volatility Advisers
California
$4.93M +$4.91M +503,735 New
BCM
13
BlueCrest Capital Management
Jersey
$4.89M
MCM
14
Moore Capital Management
New York
$4.89M
PMAM
15
Picton Mahoney Asset Management
Ontario, Canada
$4.89M
RCM
16
Radcliffe Capital Management
Pennsylvania
$4.83M +$913K +93,755 +23%
Citadel Advisors
17
Citadel Advisors
Florida
$4.2M +$321 +33 +0%
DKCM
18
Davidson Kempner Capital Management
New York
$4.16M
GCM
19
Ghisallo Capital Management
Massachusetts
$4.05M
D.E. Shaw & Co
20
D.E. Shaw & Co
New York
$3.71M -$18.2K -1,870 -0.5%
CFIA
21
Cantor Fitzgerald Investment Advisors
New York
$3.49M
Millennium Management
22
Millennium Management
New York
$3.12M -$168K -17,212 -5%
SRCM
23
Sage Rock Capital Management
New York
$3.06M +$3.05M +312,885 New
PC
24
Periscope Capital
Ontario, Canada
$3.02M
FTCM
25
Fir Tree Capital Management
New York
$2.94M

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.