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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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6 hedge funds and large institutions have $1.44M 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 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 0 increasing their positions, 4 reducing their positions, and 16 closing their positions.

New
Increased
Maintained
Reduced
Closed

71% less funds holding

Funds holding: 21 → 6 (-15)

91% less capital invested

Capital invested by funds: $16.6M → $1.44M (-$15.1M)

94% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 16

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 4

Holders
6
Holders Change
-15
Holders Change %
-71.43%
% of All Funds
0.1%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
–
Reduced
4
Closed
16
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

No buyers this quarter

Top Sellers

Rank Fund Capital Flow
1
BlackRock
BlackRock
New York
-$5.44M
2
TAL
TIG Advisors LLC
New York
-$1.64M
3
SRF
Silver Rock Financial
California
-$1.56M
4
WCMNY
Westchester Capital Management (New York)
New York
-$1.48M
5
WC
Wealthspring Capital
New York
-$1.13M
Name Holding Trade Value Shares
Change 		Change in
Stake
CCM
1
Connective Capital Management
California
$692K +$683K +68,588 New
WC
2
Wealthspring Capital
New York
$329K -$1.13M -113,580 -78%
SIA
3
Schechter Investment Advisors
Michigan
$227K -$859K -86,280 -79%
AGM
4
Alpine Global Management
New York
$121K – – –
CS
5
Clear Street
New York
$50K -$25.7K -2,578 -34%
UBS Group
6
UBS Group
Switzerland
$20.1K -$1.11K -112 -5%
BlackRock
7
BlackRock
New York
– -$5.44M -552,197 Closed
TAL
8
TIG Advisors LLC
New York
– -$1.64M -166,554 Closed
SRF
9
Silver Rock Financial
California
– -$1.56M -158,615 Closed
WCMNY
10
Westchester Capital Management (New York)
New York
– -$1.48M -150,000 Closed
HF
11
HRT Financial
New York
– -$984K -99,978 Closed
Jane Street
12
Jane Street
New York
– -$695K -70,513 Closed
Millennium Management
13
Millennium Management
New York
– -$513K -52,039 Closed
CSS
14
Cubist Systematic Strategies
Connecticut
– -$365K -37,089 Closed
GCIA
15
Gabelli & Co Investment Advisers
New York
– -$253K -25,700 Closed
GF
16
Gabelli Funds
New York
– -$239K -24,300 Closed
SMA
17
Sage Mountain Advisors
Georgia
– -$189K -19,160 Closed
E
18
Ergoteles
New York
– -$185K -18,800 Closed
Susquehanna International Group
19
Susquehanna International Group
Pennsylvania
– -$173K -17,563 Closed
GCL
20
Glazer Capital LLC
New York
– -$102K -10,400 Closed
WAM
21
Wolverine Asset Management
Illinois
– -$21K -2,222 Closed
CCM
22
Condor Capital Management
New Jersey
– -$11K -1,076 Closed

PICC.U Hedge Fund Activity: Q4 2022 in Review

6 of the 6,222 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 2022, worth a combined $1.44M — down 91% from $16.6M a quarter earlier.

Sellers outnumbered buyers: 16 funds closed out of PICC.U and 1 opened new positions — a net loss of 15 holders — while 4 trimmed existing stakes and 0 added.

The largest seller was BlackRock, exiting entirely with an estimated $5.44M sold.

  • 6 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 2022, down from 21 in Q3 2022.
  • Funds reported $1.44M 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 2022, down 91% 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 Q4 2022 and 16 closed out, a net change of -15 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 seller in Q4 2022 was BlackRock, an estimated $5.44M sold.

Based on aggregated 13F filings for Q4 2022.