Pivotal Investment Corporation III
PICC
PICC was delisted on the 7th of February, 2023.
5 hedge funds and large institutions have $1.65M invested in Pivotal Investment Corporation III in 2023 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 1 increasing their positions, 0 reducing their positions, and 62 closing their positions.
92% less funds holding
Funds holding: 65 → 5 (-60)
94% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 62
99% less capital invested
Capital invested by funds: $208M → $1.65M (-$206M)
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Connective Capital Management
Palo Alto,
California
|
+$684K |
| 2 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
+$399K |
| 3 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
+$399K |
| 4 |
FTUS
Flow Traders U.S.
New York
|
+$31.1K |
| 5 |
CS
Clear Street
New York
|
+$4.98K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$20.2M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$13.6M |
| 3 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
-$11.3M |
| 4 |
SCM
Saba Capital Management
New York
|
-$9.18M |
| 5 |
HSBC Holdings
London,
United Kingdom
|
-$8.77M |
PICC Hedge Fund Activity: Q1 2023 in Review
5 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Pivotal Investment Corporation III (PICC) for Q1 2023, worth a combined $1.65M — down 99% from $208M a quarter earlier.
Sellers outnumbered buyers: 62 funds closed out of PICC and 4 opened new positions — a net loss of 58 holders — while 0 trimmed existing stakes and 1 added.
The largest buyer was Connective Capital Management, opening a new position worth an estimated $684K. The largest seller was Adage Capital Partners, exiting entirely with an estimated $20.2M sold.
- 5 institutional investors held Pivotal Investment Corporation III (PICC) as of Q1 2023, down from 65 in Q4 2022.
- Funds reported $1.65M of Pivotal Investment Corporation III stock for Q1 2023, down 99% quarter-over-quarter.
- 4 funds opened new Pivotal Investment Corporation III positions in Q1 2023 and 62 closed out, a net change of -58 holders.
- The largest Pivotal Investment Corporation III buyer in Q1 2023 was Connective Capital Management, an estimated $684K added.
- The largest Pivotal Investment Corporation III seller in Q1 2023 was Adage Capital Partners, an estimated $20.2M sold.
Based on aggregated 13F filings for Q1 2023.