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.
26 hedge funds and large institutions have $24M invested in Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant in 2022 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 5 closing their positions.
10% less funds holding
Funds holding: 29 → 26 (-3)
12% less capital invested
Capital invested by funds: $27.2M → $24M (-$3.19M)
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Janus Henderson Group
London,
United Kingdom
|
+$512K |
| 2 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$198K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$130K |
| 4 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$99.1K |
| 5 |
CS
Clear Street
New York
|
+$88.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$2.97M |
| 2 |
BFM
Boothbay Fund Management
New York
|
-$300K |
| 3 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
-$296K |
| 4 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$266K |
| 5 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
-$258K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
VF
26
Virtu Financial
New York
| – | -$128K | -12,951 | Closed |
|
|
CAM
27
Cresset Asset Management
Chicago,
Illinois
| – | -$49K | -10,000 | Closed |
|
28
Wells Fargo
San Francisco,
California
| – | -$1K | -150 | Closed |
|
PNTM.U Hedge Fund Activity: Q3 2022 in Review
26 of the 5,806 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 Q3 2022, worth a combined $24M — down 12% from $27.2M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of PNTM.U and 2 opened new positions — a net loss of 3 holders — while 8 trimmed existing stakes and 6 added.
The largest buyer was Janus Henderson Group, adding an estimated $512K. The largest seller was HGC Investment Management, cutting an estimated $2.97M.
- 26 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 Q3 2022, down from 29 in Q2 2022.
- Funds reported $24M of Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant stock for Q3 2022, down 12% 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 Q3 2022 and 5 closed out, a net change of -3 holders.
- The largest Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant buyer in Q3 2022 was Janus Henderson Group, an estimated $512K added.
- The largest Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant seller in Q3 2022 was HGC Investment Management, an estimated $2.97M sold.
Based on aggregated 13F filings for Q3 2022.