Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant
PNTM.U
PNTM.U was delisted on the 26th of May, 2023.
50 hedge funds and large institutions have $111M invested in Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant in 2021 Q2 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 19 reducing their positions, and 28 closing their positions.
31% less funds holding
Funds holding: 72 → 50 (-22)
44% less capital invested
Capital invested by funds: $199M → $111M (-$87.7M)
58% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 19
75% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 28
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
+$6.14M |
| 2 |
BCL
Bracebridge Capital LLC
Boston,
Massachusetts
|
+$1.56M |
| 3 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$1.25M |
| 4 |
BFM
Boothbay Fund Management
New York
|
+$1.11M |
| 5 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$1.11M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ECP
Empyrean Capital Partners
Los Angeles,
California
|
-$17M |
| 2 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$9.9M |
| 3 |
CC
Covalis Capital
London,
United Kingdom
|
-$6.93M |
| 4 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$6M |
| 5 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$5.15M |
PNTM.U Hedge Fund Activity: Q2 2021 in Review
50 of the 5,746 institutional investors tracked by Wall St. Rank reported a position in Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant (PNTM.U) for Q2 2021, worth a combined $111M — down 44% from $199M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of PNTM.U and 7 opened new positions — a net loss of 21 holders — while 19 trimmed existing stakes and 8 added.
The largest buyer was Citadel Advisors, adding an estimated $6.14M. The largest seller was Empyrean Capital Partners, exiting entirely with an estimated $17M sold.
- 50 institutional investors held Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant (PNTM.U) as of Q2 2021, down from 72 in Q1 2021.
- Funds reported $111M of Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant stock for Q2 2021, down 44% quarter-over-quarter.
- 7 funds opened new Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant positions in Q2 2021 and 28 closed out, a net change of -21 holders.
- The largest Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant buyer in Q2 2021 was Citadel Advisors, an estimated $6.14M added.
- The largest Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant seller in Q2 2021 was Empyrean Capital Partners, an estimated $17M sold.
Based on aggregated 13F filings for Q2 2021.