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PICC.U

Pivotal Investment Corporation III Units, each consisting of one share of Class A common stock and one-fifth of one redeemable warrant

Delisted

PICC.U was delisted on the 9th of February, 2023.

40 hedge funds and large institutions have $65.1M invested in Pivotal Investment Corporation III Units, each consisting of one share of Class A common stock and one-fifth of one redeemable warrant in 2021 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 5 increasing their positions, 6 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

5% less funds holding

Funds holding: 4240 (-2)

12% less capital invested

Capital invested by funds: $74M → $65.1M (-$8.9M)

14% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 7

17% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 6

Holders
40
Holders Change
-2
Holders Change %
-4.76%
% of All Funds
0.62%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
6
Increased
5
Reduced
6
Closed
7
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
GF
26
Gabelli Funds
New York
$241K
UBS Group
27
UBS Group
Switzerland
$207K -$10.7K -1,077 -5%
E
28
Ergoteles
New York
$186K
CC
29
Caxton Corporation
New Jersey
$166K
Calamos Advisors
30
Calamos Advisors
Illinois
$149K
CL
31
CSS LLC
Illinois
$147K -$523K -52,671 -78%
BFM
32
Boothbay Fund Management
New York
$129K +$10.5K +1,054 +9%
AGM
33
Alpine Global Management
New York
$118K
AA
34
Ancora Advisors
Ohio
$111K
SIM
35
Sandia Investment Management
Massachusetts
$105K +$105K +10,600 New
CAM
36
Cresset Asset Management
Illinois
$100K +$99.2K +10,000 New
OCAM
37
Owl Creek Asset Management
New York
$99K
LC
38
Littlejohn & Co
Connecticut
$50K
CCM
39
Condor Capital Management
New Jersey
$13K
RCM
40
Robinson Capital Management
Michigan
$5K +$5.24K +528 New
GCL
41
Glazer Capital LLC
New York
-$6.28M -635,168 Closed
KC
42
Kepos Capital
New York
-$4.76M -482,300 Closed
AGC
43
Angelo Gordon & Co
New York
-$1.19M -120,000 Closed
LOAMU
44
Lombard Odier Asset Management (USA)
New York
-$988K -100,000 Closed
DIG
45
DeepCurrents Investment Group
New York
-$140K -14,184 Closed
OMC
46
Old Mission Capital
Illinois
-$106K -10,748 Closed
WAM
47
Wolverine Asset Management
Illinois
-$25K -2,608 Closed

PICC.U Hedge Fund Activity: Q4 2021 in Review

40 of the 6,499 institutional investors tracked by Wall St. Rank reported a position in Pivotal Investment Corporation III Units, each consisting of one share of Class A common stock and one-fifth of one redeemable warrant (PICC.U) for Q4 2021, worth a combined $65.1M — down 12% from $74M a quarter earlier.

Sellers outnumbered buyers: 7 funds closed out of PICC.U and 6 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 5 added.

The largest buyer was Parallax Volatility Advisers, adding an estimated $3.92M. The largest seller was Glazer Capital LLC, exiting entirely with an estimated $6.28M sold.

  • 40 institutional investors held Pivotal Investment Corporation III Units, each consisting of one share of Class A common stock and one-fifth of one redeemable warrant (PICC.U) as of Q4 2021, down from 42 in Q3 2021.
  • Funds reported $65.1M of Pivotal Investment Corporation III Units, each consisting of one share of Class A common stock and one-fifth of one redeemable warrant stock for Q4 2021, down 12% quarter-over-quarter.
  • 6 funds opened new Pivotal Investment Corporation III Units, each consisting of one share of Class A common stock and one-fifth of one redeemable warrant positions in Q4 2021 and 7 closed out, a net change of -1 holder.
  • The largest Pivotal Investment Corporation III Units, each consisting of one share of Class A common stock and one-fifth of one redeemable warrant buyer in Q4 2021 was Parallax Volatility Advisers, an estimated $3.92M added.
  • The largest Pivotal Investment Corporation III Units, each consisting of one share of Class A common stock and one-fifth of one redeemable warrant seller in Q4 2021 was Glazer Capital LLC, an estimated $6.28M sold.

Based on aggregated 13F filings for Q4 2021.