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.
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.
5% less funds holding
Funds holding: 42 → 40 (-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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Parallax Volatility Advisers
San Francisco,
California
|
+$3.92M |
| 2 |
Citigroup
New York
|
+$311K |
| 3 |
AS
Altshuler Shaham
Tel Aviv,
Israel
|
+$298K |
| 4 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$99.2K |
| 5 |
Janus Henderson Group
London,
|
+$63.2K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$6.28M |
| 2 |
KC
Kepos Capital
New York
|
-$4.76M |
| 3 |
AGC
Angelo Gordon & Co
New York
|
-$1.19M |
| 4 |
LOAMU
Lombard Odier Asset Management (USA)
New York
|
-$988K |
| 5 |
CL
CSS LLC
Chicago,
Illinois
|
-$523K |
PICC.U Hedge Fund Activity: Q4 2021 in Review
40 of the 6,519 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.