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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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12 hedge funds and large institutions have $9.06M 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 2022 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 6 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% less funds holding

Funds holding: 17 → 12 (-5)

50% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 2

51% less capital invested

Capital invested by funds: $18.5M → $9.06M (-$9.47M)

83% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 6

Holders
12
Holders Change
-5
Holders Change %
-29.41%
% of All Funds
0.19%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
1
Reduced
2
Closed
6
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AA
AQR Arbitrage
Connecticut
+$203K
2
UBS Group
UBS Group
Switzerland
+$7.42K

Top Sellers

Rank Fund Capital Flow
1
Allspring Global Investments
Allspring Global Investments
North Carolina
-$7.2M
2
Citadel Advisors
Citadel Advisors
Florida
-$991K
3
HighTower Advisors
HighTower Advisors
Illinois
-$651K
4
VF
Virtu Financial
New York
-$356K
5
TAL
TIG Advisors LLC
New York
-$229K

PIPP.U Hedge Fund Activity: Q1 2022 in Review

12 of the 6,360 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 2022, worth a combined $9.06M — down 51% from $18.5M a quarter earlier.

Sellers outnumbered buyers: 6 funds closed out of PIPP.U and 1 opened new positions — a net loss of 5 holders — while 2 trimmed existing stakes and 1 added.

The largest buyer was AQR Arbitrage, opening a new position worth an estimated $203K. The largest seller was Allspring Global Investments, exiting entirely with an estimated $7.2M sold.

  • 12 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 2022, down from 17 in Q4 2021.
  • Funds reported $9.06M 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 2022, down 51% quarter-over-quarter.
  • 1 fund 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 2022 and 6 closed out, a net change of -5 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 2022 was AQR Arbitrage, an estimated $203K 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 2022 was Allspring Global Investments, an estimated $7.2M sold.

Based on aggregated 13F filings for Q1 2022.