We are live on ! Find out more
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.

Back to rankings

3 hedge funds and large institutions have $749K 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 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 0 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% less capital invested

Capital invested by funds: $1.44M → $749K (-$691K)

50% less funds holding

Funds holding: 6 → 3 (-3)

75% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 4

Holders
3
Holders Change
-3
Holders Change %
-50%
% of All Funds
0.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
1
Reduced
–
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CS
Clear Street
New York
+$259K
2
LIM
Longfellow Investment Management
Massachusetts
+$221K

Top Sellers

Rank Fund Capital Flow
1
CCM
Connective Capital Management
California
-$692K
2
WC
Wealthspring Capital
New York
-$329K
3
AGM
Alpine Global Management
New York
-$121K
4
UBS Group
UBS Group
Switzerland
-$20.1K

PICC.U Hedge Fund Activity: Q1 2023 in Review

3 of the 6,284 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 2023, worth a combined $749K — down 48% from $1.44M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of PICC.U and 1 opened new positions — a net loss of 3 holders — while 0 trimmed existing stakes and 1 added.

The largest buyer was Clear Street, adding an estimated $259K. The largest seller was Connective Capital Management, exiting entirely with an estimated $692K sold.

  • 3 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 2023, down from 6 in Q4 2022.
  • Funds reported $749K 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 2023, down 48% 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 Q1 2023 and 4 closed out, a net change of -3 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 2023 was Clear Street, an estimated $259K 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 Q1 2023 was Connective Capital Management, an estimated $692K sold.

Based on aggregated 13F filings for Q1 2023.