Pivotal Investment Corporation III Units, each consisting of one share of Class A common stock and one-fifth of one redeemable warrant
PICC.U
PICC.U was delisted on the 9th of February, 2023.
21 hedge funds and large institutions have $16.6M 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 2022 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 4 reducing their positions, and 10 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 4
15% less capital invested
Capital invested by funds: $19.4M → $16.6M (-$2.82M)
30% less funds holding
Funds holding: 30 → 21 (-9)
90% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Jane Street
New York
|
+$180K |
| 2 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$114K |
| 3 |
GCL
Glazer Capital LLC
New York
|
+$102K |
| 4 |
CS
Clear Street
New York
|
+$73.5K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$2.47K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$622K |
| 2 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
-$601K |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
-$554K |
| 4 |
ECM
ExodusPoint Capital Management
New York
|
-$490K |
| 5 |
SMC
Smith, Moore & Co
Clayton,
Missouri
|
-$299K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MC
26
Meteora Capital
Boca Raton,
Florida
| – | -$238K | -24,262 | Closed |
|
27
Calamos Advisors
Naperville,
Illinois
| – | -$147K | -15,000 | Closed |
|
|
BFM
28
Boothbay Fund Management
New York
| – | -$130K | -13,281 | Closed |
|
|
SIM
29
Sandia Investment Management
Boston,
Massachusetts
| – | -$104K | -10,600 | Closed |
|
|
CAM
30
Cresset Asset Management
Chicago,
Illinois
| – | -$49K | -10,000 | Closed |
|
|
LC
31
Littlejohn & Co
Greenwich,
Connecticut
| – | -$49K | -5,000 | Closed |
|
PICC.U Hedge Fund Activity: Q3 2022 in Review
21 of the 5,806 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 Q3 2022, worth a combined $16.6M — down 15% from $19.4M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PICC.U and 1 opened new positions — a net loss of 9 holders — while 4 trimmed existing stakes and 4 added.
The largest buyer was Jane Street, adding an estimated $180K. The largest seller was Susquehanna International Group, cutting an estimated $622K.
- 21 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 Q3 2022, down from 30 in Q2 2022.
- Funds reported $16.6M 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 Q3 2022, down 15% quarter-over-quarter.
- 1 fund 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 Q3 2022 and 10 closed out, a net change of -9 holders.
- 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 Q3 2022 was Jane Street, an estimated $180K 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 Q3 2022 was Susquehanna International Group, an estimated $622K sold.
Based on aggregated 13F filings for Q3 2022.