Pine Island Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant
PIPP.U
PIPP.U was delisted on the 27th of October, 2022.
24 hedge funds and large institutions have $41.6M invested in Pine Island Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant in 2021 Q1 according to their latest regulatory filings, with 5 funds opening new positions, increasing their positions, 17 reducing their positions, and 40 closing their positions.
59% less funds holding
Funds holding: 59 → 24 (-35)
79% less capital invested
Capital invested by funds: $196M → $41.6M (-$155M)
88% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 40
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 17
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ED
Exane Derivatives
Paris,
France
|
+$1.22M |
| 2 |
FTUS
Flow Traders U.S.
New York
|
+$1.1M |
| 3 |
JP Morgan Chase
New York
|
+$110K |
| 4 |
Morgan Stanley
New York
|
+$57.6K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$18.1M |
| 2 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$12.2M |
| 3 |
Millennium Management
New York
|
-$10.7M |
| 4 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$10.3M |
| 5 |
FTCM
Fir Tree Capital Management
New York
|
-$10.3M |
PIPP.U Hedge Fund Activity: Q1 2021 in Review
24 of the 5,711 institutional investors tracked by Wall St. Rank reported a position in Pine Island Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant (PIPP.U) for Q1 2021, worth a combined $41.6M — down 79% from $196M a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of PIPP.U and 5 opened new positions — a net loss of 35 holders — while 17 trimmed existing stakes and 0 added.
The largest buyer was Exane Derivatives, opening a new position worth an estimated $1.22M. The largest seller was Citadel Advisors, cutting an estimated $18.1M.
- 24 institutional investors held Pine Island Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant (PIPP.U) as of Q1 2021, down from 59 in Q4 2020.
- Funds reported $41.6M of Pine Island Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant stock for Q1 2021, down 79% quarter-over-quarter.
- 5 funds opened new Pine Island Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant positions in Q1 2021 and 40 closed out, a net change of -35 holders.
- The largest Pine Island Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant buyer in Q1 2021 was Exane Derivatives, an estimated $1.22M added.
- The largest Pine Island Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant seller in Q1 2021 was Citadel Advisors, an estimated $18.1M sold.
Based on aggregated 13F filings for Q1 2021.