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.
36 hedge funds and large institutions have $52M invested in Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant in 2021 Q4 according to their latest regulatory filings, with 6 funds opening new positions, 4 increasing their positions, 7 reducing their positions, and 11 closing their positions.
14% less funds holding
Funds holding: 42 → 36 (-6)
43% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 7
45% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 11
55% less capital invested
Capital invested by funds: $115M → $52M (-$62.8M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$1.82M |
| 2 |
Parallax Volatility Advisers
San Francisco,
California
|
+$805K |
| 3 |
BFM
Boothbay Fund Management
New York
|
+$503K |
| 4 |
VF
Virtu Financial
New York
|
+$212K |
| 5 |
CAM
Cresset Asset Management
Chicago,
Illinois
|
+$100K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$25.6M |
| 2 |
Millennium Management
New York
|
-$21.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$7.53M |
| 4 |
SRCM
Sage Rock Capital Management
New York
|
-$6.5M |
| 5 |
Manulife (Manufacturers Life Insurance)
Canada,
Ontario, Canada
|
-$5.47M |
PNTM.U Hedge Fund Activity: Q4 2021 in Review
36 of the 6,499 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 Q4 2021, worth a combined $52M — down 55% from $115M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of PNTM.U and 6 opened new positions — a net loss of 5 holders — while 7 trimmed existing stakes and 4 added.
The largest buyer was Longfellow Investment Management, opening a new position worth an estimated $1.82M. The largest seller was Glazer Capital LLC, cutting an estimated $25.6M.
- 36 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 Q4 2021, down from 42 in Q3 2021.
- Funds reported $52M of Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant stock for Q4 2021, down 55% quarter-over-quarter.
- 6 funds opened new Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant positions in Q4 2021 and 11 closed out, a net change of -5 holders.
- The largest Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant buyer in Q4 2021 was Longfellow Investment Management, an estimated $1.82M added.
- The largest Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant seller in Q4 2021 was Glazer Capital LLC, an estimated $25.6M sold.
Based on aggregated 13F filings for Q4 2021.