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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
PICC.U

Delisted

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

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105 hedge funds and large institutions have $225M 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 Q1 according to their latest regulatory filings, with 105 funds opening new positions, increasing their positions, reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed
Holders
105
Holders Change
+105
Holders Change %
–
% of All Funds
1.84%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
105
Increased
–
Reduced
–
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MF
Magnetar Financial
Illinois
+$20.8M
2
Adage Capital Partners
Adage Capital Partners
Massachusetts
+$20.6M
3
AC
Aristeia Capital
Connecticut
+$11.8M
4
HCM
Highbridge Capital Management
New York
+$11.7M
5
TGHSA
TPG Group Holdings (SBS) Advisors
Texas
+$10.3M

Top Sellers

No sellers this quarter
Name Holding Trade Value Shares
Change 		Change in
Stake
MF
1
Magnetar Financial
Illinois
$20.2M +$20.8M +2,018,300 New
Adage Capital Partners
2
Adage Capital Partners
Massachusetts
$20M +$20.6M +2,000,000 New
AC
3
Aristeia Capital
Connecticut
$11.5M +$11.8M +1,150,000 New
HCM
4
Highbridge Capital Management
New York
$11.4M +$11.7M +1,140,014 New
TGHSA
5
TPG Group Holdings (SBS) Advisors
Texas
$10M +$10.3M +1,000,000 New
Millennium Management
6
Millennium Management
New York
$7.99M +$8.22M +799,202 New
Nomura Holdings
7
Nomura Holdings
Japan
$5.77M +$5.92M +575,961 New
BlackRock
8
BlackRock
New York
$5.71M +$5.88M +571,428 New
Wellington Management Group
9
Wellington Management Group
Massachusetts
$5.14M +$5.29M +513,960 New
KC
10
Kepos Capital
New York
$5.07M +$5.22M +507,300 New
BCM
11
BlueCrest Capital Management
Jersey
$5M +$5.14M +500,000 New
MCM
12
Moore Capital Management
New York
$5M +$5.14M +500,000 New
GCM
13
Ghisallo Capital Management
Massachusetts
$4.96M +$5.11M +496,509 New
AllianceBernstein
14
AllianceBernstein
Tennessee
$4.4M +$4.53M +440,439 New
Citadel Advisors
15
Citadel Advisors
Florida
$4.3M +$4.42M +429,791 New
CL
16
CSS LLC
Illinois
$4.28M +$4.4M +427,862 New
GCL
17
Glazer Capital LLC
New York
$4.08M +$4.2M +408,130 New
SRCM
18
Sage Rock Capital Management
New York
$3.7M +$3.81M +370,000 New
Verition Fund Management
19
Verition Fund Management
Connecticut
$3.3M +$3.39M +329,699 New
Marshall Wace
20
Marshall Wace
United Kingdom
$3.19M +$3.28M +318,709 New
RCM
21
Radcliffe Capital Management
Pennsylvania
$3.12M +$3.21M +312,356 New
CIBC Private Wealth Group
22
CIBC Private Wealth Group
Georgia
$3.12M +$3.2M +311,544 New
PC
23
Periscope Capital
Ontario, Canada
$3.09M +$3.18M +309,079 New
PCR
24
Potrero Capital Research
California
$3M +$3.09M +300,000 New
TCM
25
Tenor Capital Management
New York
$3M +$3.09M +300,000 New
1
2 3 4 5

PICC.U Hedge Fund Activity: Q1 2021 in Review

105 of the 5,696 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 Q1 2021, worth a combined $225M.

Buyers outnumbered sellers: 105 funds opened new PICC.U positions and 0 closed out — a net gain of 105 holders — while 0 added to existing stakes and 0 trimmed.

The largest buyer was Magnetar Financial, opening a new position worth an estimated $20.8M.

  • 105 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 Q1 2021, up from 0 in Q4 2020.
  • Funds reported $225M 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 Q1 2021.
  • 105 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 Q1 2021 and 0 closed out, a net change of +105 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 Q1 2021 was Magnetar Financial, an estimated $20.8M added.

Based on aggregated 13F filings for Q1 2021.