Pivotal Investment Corporation III
PICC
PICC was delisted on the 7th of February, 2023.
81 hedge funds and large institutions have $244M invested in Pivotal Investment Corporation III in 2022 Q3 according to their latest regulatory filings, with 14 funds opening new positions, 19 increasing their positions, 13 reducing their positions, and 13 closing their positions.
46% more repeat investments, than reductions
Existing positions increased: 19 | Existing positions reduced: 13
8% more capital invested
Capital invested by funds: $225M → $244M (+$19.1M)
8% more first-time investments, than exits
New positions opened: 14 | Existing positions closed: 13
0% more funds holding
Funds holding: 81 → 81 (0)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$17.8M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$7.03M |
| 3 |
MTCM
Mint Tower Capital Management
Amsterdam,
Netherlands
|
+$4.73M |
| 4 |
CM
Cohanzick Management
Pleasantville,
New York
|
+$3.5M |
| 5 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$3.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highbridge Capital Management
New York
|
-$9.63M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
-$5.98M |
| 3 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
-$5.67M |
| 4 |
Parallax Volatility Advisers
San Francisco,
California
|
-$5.12M |
| 5 |
RIA
RP Investment Advisors
Toronto,
Ontario, Canada
|
-$3.54M |
PICC Hedge Fund Activity: Q3 2022 in Review
81 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Pivotal Investment Corporation III (PICC) for Q3 2022, worth a combined $244M — up 8.5% from $225M a quarter earlier.
Buyers outnumbered sellers: 14 funds opened new PICC positions and 13 closed out — a net gain of 1 holder — while 19 added to existing stakes and 13 trimmed.
The largest buyer was Magnetar Financial, adding an estimated $17.8M. The largest seller was Highbridge Capital Management, cutting an estimated $9.63M.
- 81 institutional investors held Pivotal Investment Corporation III (PICC) as of Q3 2022, unchanged from Q2 2022.
- Funds reported $244M of Pivotal Investment Corporation III stock for Q3 2022, up 8.5% quarter-over-quarter.
- 14 funds opened new Pivotal Investment Corporation III positions in Q3 2022 and 13 closed out, a net change of +1 holder.
- The largest Pivotal Investment Corporation III buyer in Q3 2022 was Magnetar Financial, an estimated $17.8M added.
- The largest Pivotal Investment Corporation III seller in Q3 2022 was Highbridge Capital Management, an estimated $9.63M sold.
Based on aggregated 13F filings for Q3 2022.