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PIPP.U

Pine Island Acquisition Corp. Units, each consisting of one share of Class A common stock and one-third of one redeemable warrant
PIPP.U

Delisted

PIPP.U was delisted on the 27th of October, 2022.

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17 hedge funds and large institutions have $18.5M 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 Q4 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.

New
Increased
Maintained
Reduced
Closed

11% less funds holding

Funds holding: 19 → 17 (-2)

25% less capital invested

Capital invested by funds: $24.6M → $18.5M (-$6.09M)

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

67% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 6

Holders
17
Holders Change
-2
Holders Change %
-10.53%
% of All Funds
0.26%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
3
Increased
2
Reduced
6
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
LFAS
Level Four Advisory Services
Texas
+$296K
2
VF
Virtu Financial
New York
+$87.2K
3
TRCT
Tower Research Capital (TRC)
New York
+$381

Top Sellers

Rank Fund Capital Flow
1
Wells Fargo
Wells Fargo
California
-$8.87M
2
Franklin Resources
Franklin Resources
California
-$3.91M
3
Citadel Advisors
Citadel Advisors
Florida
-$1.1M
4
MF
Magnetar Financial
Illinois
-$346K
5
Wolverine Trading
Wolverine Trading
Illinois
-$125K

PIPP.U Hedge Fund Activity: Q4 2021 in Review

17 of the 6,518 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 Q4 2021, worth a combined $18.5M — down 25% from $24.6M 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 Level Four Advisory Services, opening a new position worth an estimated $296K. The largest seller was Wells Fargo, cutting an estimated $8.87M.

  • 17 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 Q4 2021, down from 19 in Q3 2021.
  • Funds reported $18.5M 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 Q4 2021, down 25% 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 Q4 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 Q4 2021 was Level Four Advisory Services, an estimated $296K 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 Q4 2021 was Wells Fargo, an estimated $8.87M sold.

Based on aggregated 13F filings for Q4 2021.