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 $23.5M 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, 5 increasing their positions, 7 reducing their positions, and 5 closing their positions.
10% less funds holding
Funds holding: 29 → 26 (-3)
24% less capital invested
Capital invested by funds: $30.8M → $23.5M (-$7.32M)
29% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 7
60% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$198K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$130K |
| 3 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$99.1K |
| 4 |
CS
Clear Street
New York
|
+$88.5K |
| 5 |
SIA
SkyView Investment Advisors
Shrewsbury,
New Jersey
|
+$9.91K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$6.58M |
| 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 |
PNTM.U Hedge Fund Activity: Q3 2022 in Review
26 of the 5,828 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 $23.5M — down 24% from $30.8M 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 7 trimmed existing stakes and 5 added.
The largest buyer was Longfellow Investment Management, adding an estimated $198K. The largest seller was Magnetar Financial, exiting entirely with an estimated $6.58M sold.
- 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 $23.5M of Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant stock for Q3 2022, down 24% 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 Longfellow Investment Management, an estimated $198K 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 Magnetar Financial, an estimated $6.58M sold.
Based on aggregated 13F filings for Q3 2022.