Pivotal Investment Corporation III Redeemable Warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share
PICC.WS
PICC.WS was delisted on the 25th of October, 2022.
4 hedge funds and large institutions have $3.54K invested in Pivotal Investment Corporation III Redeemable Warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share in 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 0 increasing their positions, 1 reducing their positions, and 7 closing their positions.
60% less funds holding
Funds holding: 10 → 4 (-6)
86% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 7
100% less capital invested
Capital invested by funds: $905K → $3.54K (-$901K)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Connective Capital Management
Palo Alto,
California
|
+$733 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$810K |
| 2 |
ECU
Eisler Capital (UK)
London,
United Kingdom
|
-$1.57K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.26K |
| 4 |
CS
Clear Street
New York
|
-$1K |
| 5 |
FTUS
Flow Traders U.S.
New York
|
-$1K |
PICC.WS Hedge Fund Activity: Q1 2023 in Review
4 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Pivotal Investment Corporation III Redeemable Warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share (PICC.WS) for Q1 2023, worth a combined $3.54K — down 100% from $905K a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PICC.WS and 1 opened new positions — a net loss of 6 holders — while 1 trimmed existing stakes and 0 added.
The largest buyer was Connective Capital Management, opening a new position worth an estimated $733. The largest seller was Radcliffe Capital Management, exiting entirely with an estimated $810K sold.
- 4 institutional investors held Pivotal Investment Corporation III Redeemable Warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share (PICC.WS) as of Q1 2023, down from 10 in Q4 2022.
- Funds reported $3.54K of Pivotal Investment Corporation III Redeemable Warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share stock for Q1 2023, down 100% quarter-over-quarter.
- 1 fund opened new Pivotal Investment Corporation III Redeemable Warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share positions in Q1 2023 and 7 closed out, a net change of -6 holders.
- The largest Pivotal Investment Corporation III Redeemable Warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share buyer in Q1 2023 was Connective Capital Management, an estimated $733 added.
- The largest Pivotal Investment Corporation III Redeemable Warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share seller in Q1 2023 was Radcliffe Capital Management, an estimated $810K sold.
Based on aggregated 13F filings for Q1 2023.