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.
20 hedge funds and large institutions have $35.8M 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 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 8 reducing their positions, and 8 closing their positions.
14% less capital invested
Capital invested by funds: $41.6M → $35.8M (-$5.85M)
17% less funds holding
Funds holding: 24 → 20 (-4)
50% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 8
63% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
+$1.03M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.03M |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$996K |
| 4 |
HighTower Advisors
Chicago,
Illinois
|
+$657K |
| 5 |
LFF
Level Four Financial
Dallas,
Texas
|
+$226K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Wells Fargo
San Francisco,
California
|
-$4.68M |
| 2 |
CCM
CAAS Capital Management
New York
|
-$1.29M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
-$926K |
| 4 |
RCM
Ratan Capital Management
Miami Beach,
Florida
|
-$632K |
| 5 |
KC
Kepos Capital
New York
|
-$543K |
PIPP.U Hedge Fund Activity: Q2 2021 in Review
20 of the 5,767 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 Q2 2021, worth a combined $35.8M — down 14% from $41.6M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of PIPP.U and 4 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 3 added.
The largest buyer was Weiss Asset Management, opening a new position worth an estimated $1.03M. The largest seller was Wells Fargo, cutting an estimated $4.68M.
- 20 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 Q2 2021, down from 24 in Q1 2021.
- Funds reported $35.8M 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 Q2 2021, down 14% quarter-over-quarter.
- 4 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 Q2 2021 and 8 closed out, a net change of -4 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 Q2 2021 was Weiss Asset Management, an estimated $1.03M 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 Q2 2021 was Wells Fargo, an estimated $4.68M sold.
Based on aggregated 13F filings for Q2 2021.