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.
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.
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
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$5.44M |
| 2 |
TAL
TIG Advisors LLC
New York
|
-$1.64M |
| 3 |
SRF
Silver Rock Financial
Los Angeles,
California
|
-$1.56M |
| 4 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
-$1.48M |
| 5 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$1.13M |
PICC.U Hedge Fund Activity: Q4 2022 in Review
6 of the 6,238 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.