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.
31 hedge funds and large institutions have $40M invested in Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant in 2022 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 9 reducing their positions, and 7 closing their positions.
14% less funds holding
Funds holding: 36 → 31 (-5)
23% less capital invested
Capital invested by funds: $52M → $40M (-$12M)
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
78% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$2.11M |
| 2 |
BFM
Boothbay Fund Management
New York
|
+$387K |
| 3 |
TRCT
Tower Research Capital (TRC)
New York
|
+$992 |
| 4 |
CS
Clear Street
New York
|
+$407 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$4.54M |
| 2 |
CAC
Cowen and Company
New York
|
-$4.03M |
| 3 |
CF
Cantor Fitzgerald
New York
|
-$2.33M |
| 4 |
VF
Virtu Financial
New York
|
-$628K |
| 5 |
CCM
Context Capital Management
Lajolla,
California
|
-$507K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wells Fargo
San Francisco,
California
| $1K | – | – | – |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| $1K | +$992 | +100 | New |
|
|
GCL
28
Glazer Capital LLC
New York
| – | -$4.54M | -450,000 | Closed |
|
|
CAC
29
Cowen and Company
New York
| – | -$4.03M | -400,000 | Closed |
|
|
CF
30
Cantor Fitzgerald
New York
| – | -$2.33M | -231,172 | Closed |
|
|
VF
31
Virtu Financial
New York
| – | -$628K | -62,255 | Closed |
|
|
CCM
32
Context Capital Management
Lajolla,
California
| – | -$507K | -50,255 | Closed |
|
|
COPPSERS
33
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
| – | -$504K | -50,000 | Closed |
|
|
AA
34
Ancora Advisors
Cleveland,
Ohio
| – | -$20K | -2,000 | Closed |
|
|
CS
35
Clear Street
New York
| – | +$407 | +41 | New |
|
PNTM.U Hedge Fund Activity: Q1 2022 in Review
31 of the 6,341 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 Q1 2022, worth a combined $40M — down 23% from $52M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of PNTM.U and 2 opened new positions — a net loss of 5 holders — while 9 trimmed existing stakes and 2 added.
The largest buyer was Longfellow Investment Management, adding an estimated $2.11M. The largest seller was Glazer Capital LLC, exiting entirely with an estimated $4.54M sold.
- 31 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 Q1 2022, down from 36 in Q4 2021.
- Funds reported $40M of Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant stock for Q1 2022, down 23% quarter-over-quarter.
- 2 funds opened new Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant positions in Q1 2022 and 7 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 Q1 2022 was Longfellow Investment Management, an estimated $2.11M added.
- The largest Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant seller in Q1 2022 was Glazer Capital LLC, an estimated $4.54M sold.
Based on aggregated 13F filings for Q1 2022.