Pine Island Acquisition Corp.
PIPP
PIPP was delisted on the 27th of October, 2022.
56 hedge funds and large institutions have $93.3M invested in Pine Island Acquisition Corp. in 2021 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 10 increasing their positions, 6 reducing their positions, and 7 closing their positions.
186% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 7
67% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 6
30% more funds holding
Funds holding: 43 → 56 (+13)
21% more capital invested
Capital invested by funds: $77.2M → $93.3M (+$16.1M)
50% less call options, than puts
Call options by funds: $871K | Put options by funds: $1.76M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
+$5.68M |
| 2 |
GCL
Glazer Capital LLC
New York
|
+$4.89M |
| 3 |
CL
CSS LLC
Chicago,
Illinois
|
+$1.58M |
| 4 |
Jane Street
New York
|
+$1.52M |
| 5 |
CCM
CAAS Capital Management
New York
|
+$918K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SGCM
Sand Grove Capital Management
London,
United Kingdom
|
-$973K |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$634K |
| 3 |
HighTower Advisors
Chicago,
Illinois
|
-$217K |
| 4 |
CC
Centiva Capital
New York
|
-$202K |
| 5 |
WDC
Woodward Diversified Capital
Bakersfield,
California
|
-$150K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
Morgan Stanley
New York
| $4K | -$2.89K | -292 | -42% |
|
|
SSB
52
Sandy Spring Bank
Olney,
Maryland
| $1K | – | – | – |
|
|
MF
53
Magnetar Financial
Evanston,
Illinois
| $229 | +$233K | +23,549 | New |
|
|
SGCM
54
Sand Grove Capital Management
London,
United Kingdom
| – | -$973K | -97,267 | Closed |
|
|
55
HighTower Advisors
Chicago,
Illinois
| – | -$217K | -21,652 | Closed |
|
|
CC
56
Centiva Capital
New York
| – | -$202K | -20,208 | Closed |
|
|
WDC
57
Woodward Diversified Capital
Bakersfield,
California
| – | -$150K | -15,000 | Closed |
|
|
VF
58
Virtu Financial
New York
| – | -$106K | -10,577 | Closed |
|
|
CG
59
Cutler Group
San Francisco,
California
| – | -$9.89K | -1,000 | Closed |
|
|
MF
60
Manchester Financial
Westlake Village,
California
| – | -$10K | -1,000 | Closed |
|
61
Bank of America
Charlotte,
North Carolina
| – | +$10 | +1 | New |
|
62
Fidelity Investments
Boston,
Massachusetts
| – | +$10 | +1 | New |
|
PIPP Hedge Fund Activity: Q2 2021 in Review
56 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in Pine Island Acquisition Corp. (PIPP) for Q2 2021, worth a combined $93.3M — up 21% from $77.2M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new PIPP positions and 7 closed out — a net gain of 13 holders — while 10 added to existing stakes and 6 trimmed.
The largest buyer was D.E. Shaw & Co, adding an estimated $5.68M. The largest seller was Sand Grove Capital Management, exiting entirely with an estimated $973K sold.
- 56 institutional investors held Pine Island Acquisition Corp. (PIPP) as of Q2 2021, up from 43 in Q1 2021.
- Funds reported $93.3M of Pine Island Acquisition Corp. stock for Q2 2021, up 21% quarter-over-quarter.
- 20 funds opened new Pine Island Acquisition Corp. positions in Q2 2021 and 7 closed out, a net change of +13 holders.
- The largest Pine Island Acquisition Corp. buyer in Q2 2021 was D.E. Shaw & Co, an estimated $5.68M added.
- The largest Pine Island Acquisition Corp. seller in Q2 2021 was Sand Grove Capital Management, an estimated $973K sold.
Based on aggregated 13F filings for Q2 2021.