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.
13 hedge funds and large institutions have $8.17M 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 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 0 increasing their positions, 5 reducing their positions, and 2 closing their positions.
50% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 2
8% more funds holding
Funds holding: 12 → 13 (+1)
87% less capital inflows, than outflows
Capital inflows: $123K | Capital outflows: $931K
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$101K |
| 2 |
Clear Street
New York
|
+$12.7K |
| 3 |
Wolverine Asset Management
Chicago,
Illinois
|
+$9.73K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Magnetar Financial
Evanston,
Illinois
|
-$625K |
| 2 |
AQR Arbitrage
Greenwich,
Connecticut
|
-$203K |
| 3 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$53.8K |
| 4 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
-$26.6K |
| 5 |
Level Four Advisory Services
Dallas,
Texas
|
-$14.9K |
PIPP.U Hedge Fund Activity: Q2 2022 in Review
13 of the 5,962 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 2022, worth a combined $8.17M — down 9.8% from $9.06M a quarter earlier.
Buyers outnumbered sellers: 3 funds opened new PIPP.U positions and 2 closed out — a net gain of 1 holder — while 0 added to existing stakes and 5 trimmed.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $101K. The largest seller was Magnetar Financial, cutting an estimated $625K.
- 13 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 2022, up from 12 in Q1 2022.
- Funds reported $8.17M 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 2022, down 9.8% 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 Q2 2022 and 2 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 Q2 2022 was Susquehanna International Group, an estimated $101K 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 2022 was Magnetar Financial, an estimated $625K sold.
Based on aggregated 13F filings for Q2 2022.