Pivotal Investment Corporation III
PICC
PICC was delisted on the 7th of February, 2023.
81 hedge funds and large institutions have $225M invested in Pivotal Investment Corporation III in 2022 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 21 increasing their positions, 7 reducing their positions, and 6 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 7
3% more capital invested
Capital invested by funds: $218M → $225M (+$6.84M)
0% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 6
1% less funds holding
Funds holding: 82 → 81 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
+$5.29M |
| 2 |
RIA
RP Investment Advisors
Toronto,
Ontario, Canada
|
+$5.15M |
| 3 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$4.43M |
| 4 |
CF
Cantor Fitzgerald
New York
|
+$3.5M |
| 5 |
UOC
UBS O'Connor
Chicago,
Illinois
|
+$2.48M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AS
Altshuler Shaham
Tel Aviv,
Israel
|
-$9.65M |
| 2 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$4.89M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$1.34M |
| 4 |
ACA
Arena Capital Advisors
Los Angeles,
California
|
-$806K |
| 5 |
Barclays
London,
United Kingdom
|
-$490K |
PICC Hedge Fund Activity: Q2 2022 in Review
81 of the 5,936 institutional investors tracked by Wall St. Rank reported a position in Pivotal Investment Corporation III (PICC) for Q2 2022, worth a combined $225M — up 3.1% from $218M a quarter earlier.
Fund positioning in PICC was balanced in Q2 2022: 6 funds opened new positions, 6 closed out, 21 added to existing stakes and 7 trimmed.
The largest buyer was Saba Capital Management, adding an estimated $5.29M. The largest seller was Altshuler Shaham, exiting entirely with an estimated $9.65M sold.
- 81 institutional investors held Pivotal Investment Corporation III (PICC) as of Q2 2022, down from 82 in Q1 2022.
- Funds reported $225M of Pivotal Investment Corporation III stock for Q2 2022, up 3.1% quarter-over-quarter.
- 6 funds opened new Pivotal Investment Corporation III positions in Q2 2022 and 6 closed out, a net change of 0 holders.
- The largest Pivotal Investment Corporation III buyer in Q2 2022 was Saba Capital Management, an estimated $5.29M added.
- The largest Pivotal Investment Corporation III seller in Q2 2022 was Altshuler Shaham, an estimated $9.65M sold.
Based on aggregated 13F filings for Q2 2022.