Pine Island Acquisition Corp.
PIPP
PIPP was delisted on the 27th of October, 2022.
62 hedge funds and large institutions have $125M invested in Pine Island Acquisition Corp. in 2022 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 9 closing their positions.
128% more call options, than puts
Call options by funds: $11.1M | Put options by funds: $4.87M
25% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 12
22% more first-time investments, than exits
New positions opened: 11 | Existing positions closed: 9
12% more capital invested
Capital invested by funds: $112M → $125M (+$13.3M)
6.34% more ownership
Funds ownership: 51.98% → 58.32% (+6.3%)
2% more funds holding
Funds holding: 61 → 62 (+1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$4.26M |
| 2 |
Citigroup
New York
|
+$3.4M |
| 3 |
PCM
Prelude Capital Management
New York
|
+$2.9M |
| 4 |
SCM
Saba Capital Management
New York
|
+$2.46M |
| 5 |
SC
Sculptor Capital
New York
|
+$1.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FIG
Fortress Investment Group
New York
|
-$4.98M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$2M |
| 3 |
DFCM
Dark Forest Capital Management
San Juan,
Puerto Rico
|
-$1.05M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$581K |
| 5 |
CG
Cutler Group
San Francisco,
California
|
-$483K |
PIPP Hedge Fund Activity: Q1 2022 in Review
62 of the 6,360 institutional investors tracked by Wall St. Rank reported a position in Pine Island Acquisition Corp. (PIPP) for Q1 2022, worth a combined $125M — up 12% from $112M a quarter earlier.
Buyers outnumbered sellers: 11 funds opened new PIPP positions and 9 closed out — a net gain of 2 holders — while 15 added to existing stakes and 12 trimmed.
The largest buyer was W.R. Berkley Corp, adding an estimated $4.26M. The largest seller was Fortress Investment Group, exiting entirely with an estimated $4.98M sold.
- 62 institutional investors held Pine Island Acquisition Corp. (PIPP) as of Q1 2022, up from 61 in Q4 2021.
- Funds reported $125M of Pine Island Acquisition Corp. stock for Q1 2022, up 12% quarter-over-quarter.
- 11 funds opened new Pine Island Acquisition Corp. positions in Q1 2022 and 9 closed out, a net change of +2 holders.
- The largest Pine Island Acquisition Corp. buyer in Q1 2022 was W.R. Berkley Corp, an estimated $4.26M added.
- The largest Pine Island Acquisition Corp. seller in Q1 2022 was Fortress Investment Group, an estimated $4.98M sold.
Based on aggregated 13F filings for Q1 2022.