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.
19 hedge funds and large institutions have $24.6M 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 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 4 closing their positions.
5% less funds holding
Funds holding: 20 → 19 (-1)
25% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 4
31% less capital invested
Capital invested by funds: $35.8M → $24.6M (-$11.2M)
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$940K |
| 2 |
VF
Virtu Financial
New York
|
+$267K |
| 3 |
Wolverine Trading
Chicago,
Illinois
|
+$125K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$11.1K |
| 5 |
TRCT
Tower Research Capital (TRC)
New York
|
+$472 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$9.92M |
| 2 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$1.01M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$1M |
| 4 |
Tudor Investment Corp
Stamford,
Connecticut
|
-$138K |
| 5 |
JMPWA
JP Morgan Private Wealth Advisors
San Francisco,
California
|
-$117K |
PIPP.U Hedge Fund Activity: Q3 2021 in Review
19 of the 5,728 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 Q3 2021, worth a combined $24.6M — down 31% from $35.8M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of PIPP.U and 3 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 2 added.
The largest buyer was Citadel Advisors, adding an estimated $940K. The largest seller was BlueCrest Capital Management, exiting entirely with an estimated $9.92M sold.
- 19 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 Q3 2021, down from 20 in Q2 2021.
- Funds reported $24.6M 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 Q3 2021, down 31% quarter-over-quarter.
- 3 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 Q3 2021 and 4 closed out, a net change of -1 holder.
- 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 Q3 2021 was Citadel Advisors, an estimated $940K 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 Q3 2021 was BlueCrest Capital Management, an estimated $9.92M sold.
Based on aggregated 13F filings for Q3 2021.