Pontem Corporation
PNTM
PNTM was delisted on the 25th of May, 2023.
47 hedge funds and large institutions have $252M invested in Pontem Corporation in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 64 closing their positions.
25% more funds holding in top 10
Funds holding in top 10: 4 → 5 (+1)
0% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 14
55% less funds holding
Funds holding: 104 → 47 (-57)
62% less capital invested
Capital invested by funds: $671M → $252M (-$419M)
89% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 64
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$8.68M |
| 2 |
AMC
Atlas Merchant Capital
New York
|
+$5.12M |
| 3 |
CAC
Cowen and Company
New York
|
+$4.86M |
| 4 |
GCWM
Graham Capital Wealth Management
Washington D.c.,
District of Columbia
|
+$4.8M |
| 5 |
CC
Centiva Capital
New York
|
+$4.56M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$54.6M |
| 2 |
GCL
Glazer Capital LLC
New York
|
-$34.3M |
| 3 |
Millennium Management
New York
|
-$32.1M |
| 4 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$31.5M |
| 5 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$23.9M |
PNTM Hedge Fund Activity: Q1 2023 in Review
47 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Pontem Corporation (PNTM) for Q1 2023, worth a combined $252M — down 62% from $671M a quarter earlier.
Sellers outnumbered buyers: 64 funds closed out of PNTM and 7 opened new positions — a net loss of 57 holders — while 14 trimmed existing stakes and 14 added.
The largest buyer was Meteora Capital, adding an estimated $8.68M. The largest seller was Adage Capital Partners, exiting entirely with an estimated $54.6M sold.
- 47 institutional investors held Pontem Corporation (PNTM) as of Q1 2023, down from 104 in Q4 2022.
- Funds reported $252M of Pontem Corporation stock for Q1 2023, down 62% quarter-over-quarter.
- 7 funds opened new Pontem Corporation positions in Q1 2023 and 64 closed out, a net change of -57 holders.
- The largest Pontem Corporation buyer in Q1 2023 was Meteora Capital, an estimated $8.68M added.
- The largest Pontem Corporation seller in Q1 2023 was Adage Capital Partners, an estimated $54.6M sold.
Based on aggregated 13F filings for Q1 2023.