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.
42 hedge funds and large institutions have $116M invested in Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant in 2021 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 11 closing their positions.
6% less capital invested
Capital invested by funds: $124M → $116M (-$8.05M)
16% less funds holding
Funds holding: 50 → 42 (-8)
22% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 9
73% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 11
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
+$3.98M |
| 2 |
Citadel Advisors
Miami,
Florida
|
+$1.12M |
| 3 |
Parallax Volatility Advisers
San Francisco,
California
|
+$1.05M |
| 4 |
CL
CSS LLC
Chicago,
Illinois
|
+$338K |
| 5 |
Wolverine Trading
Chicago,
Illinois
|
+$200K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$4.6M |
| 2 |
Millennium Management
New York
|
-$4.35M |
| 3 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
-$1.25M |
| 4 |
Walleye Capital
New York
|
-$821K |
| 5 |
RA
Ramius Advisors
New York
|
-$658K |
PNTM.U Hedge Fund Activity: Q3 2021 in Review
42 of the 5,728 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 2021, worth a combined $116M — down 6.5% from $124M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of PNTM.U and 3 opened new positions — a net loss of 8 holders — while 9 trimmed existing stakes and 7 added.
The largest buyer was Cowen and Company, opening a new position worth an estimated $3.98M. The largest seller was Glazer Capital LLC, cutting an estimated $4.6M.
- 42 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 2021, down from 50 in Q2 2021.
- Funds reported $116M of Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant stock for Q3 2021, down 6.5% 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 Q3 2021 and 11 closed out, a net change of -8 holders.
- The largest Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant buyer in Q3 2021 was Cowen and Company, an estimated $3.98M added.
- The largest Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant seller in Q3 2021 was Glazer Capital LLC, an estimated $4.6M sold.
Based on aggregated 13F filings for Q3 2021.