Pivotal Investment Corporation III
PICC
PICC was delisted on the 7th of February, 2023.
80 hedge funds and large institutions have $226M invested in Pivotal Investment Corporation III in 2022 Q2 according to their latest regulatory filings, with 5 funds opening new positions, 21 increasing their positions, 7 reducing their positions, and 7 closing their positions.
200% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 7
2% more capital invested
Capital invested by funds: $221M → $226M (+$5.31M)
4% less funds holding
Funds holding: 83 → 80 (-3)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
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 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$1.82M |
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 |
PI
PEAK6 Investments
Chicago,
Illinois
|
-$978K |
| 5 |
ACA
Arena Capital Advisors
Los Angeles,
California
|
-$806K |
PICC Hedge Fund Activity: Q2 2022 in Review
80 of the 5,959 institutional investors tracked by Wall St. Rank reported a position in Pivotal Investment Corporation III (PICC) for Q2 2022, worth a combined $226M — up 2.4% from $221M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PICC and 5 opened new positions — a net loss of 2 holders — while 7 trimmed existing stakes and 21 added.
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.
- 80 institutional investors held Pivotal Investment Corporation III (PICC) as of Q2 2022, down from 83 in Q1 2022.
- Funds reported $226M of Pivotal Investment Corporation III stock for Q2 2022, up 2.4% quarter-over-quarter.
- 5 funds opened new Pivotal Investment Corporation III positions in Q2 2022 and 7 closed out, a net change of -2 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.