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.
29 hedge funds and large institutions have $27.2M invested in Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant in 2022 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 8 reducing their positions, and 5 closing their positions.
6% less funds holding
Funds holding: 31 → 29 (-2)
32% less capital invested
Capital invested by funds: $40M → $27.2M (-$12.8M)
38% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 8
40% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
+$2.97M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.38M |
| 3 |
VF
Virtu Financial
New York
|
+$128K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$26.3K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$24.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$3.95M |
| 2 |
Parallax Volatility Advisers
San Francisco,
California
|
-$1.97M |
| 3 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
-$1.72M |
| 4 |
TAL
TIG Advisors LLC
New York
|
-$1.41M |
| 5 |
BFM
Boothbay Fund Management
New York
|
-$881K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
Wells Fargo
San Francisco,
California
| $1K | – | – | – |
|
|
27
Parallax Volatility Advisers
San Francisco,
California
| – | -$1.97M | -199,149 | Closed |
|
|
CL
28
CSS LLC
Chicago,
Illinois
| – | -$433K | -43,868 | Closed |
|
29
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$222K | -22,463 | Closed |
|
|
SIA
30
SkyView Investment Advisors
Shrewsbury,
New Jersey
| – | -$10K | -1,000 | Closed |
|
|
TRCT
31
Tower Research Capital (TRC)
New York
| – | -$1K | -100 | Closed |
|
PNTM.U Hedge Fund Activity: Q2 2022 in Review
29 of the 5,937 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 2022, worth a combined $27.2M — down 32% from $40M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PNTM.U and 3 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 5 added.
The largest buyer was HGC Investment Management, adding an estimated $2.97M. The largest seller was Magnetar Financial, cutting an estimated $3.95M.
- 29 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 2022, down from 31 in Q1 2022.
- Funds reported $27.2M of Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant stock for Q2 2022, down 32% quarter-over-quarter.
- 3 funds opened new Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant positions in Q2 2022 and 5 closed out, a net change of -2 holders.
- The largest Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant buyer in Q2 2022 was HGC Investment Management, an estimated $2.97M added.
- The largest Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant seller in Q2 2022 was Magnetar Financial, an estimated $3.95M sold.
Based on aggregated 13F filings for Q2 2022.