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 |
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.