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.
16 hedge funds and large institutions have $6.73M invested in Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant in 2022 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 2 increasing their positions, 3 reducing their positions, and 14 closing their positions.
33% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 3
38% less funds holding
Funds holding: 26 → 16 (-10)
71% less capital invested
Capital invested by funds: $23.5M → $6.73M (-$16.8M)
71% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 14
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
+$1M |
| 2 |
VF
Virtu Financial
New York
|
+$330K |
| 3 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
+$152K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$34.4K |
| 5 |
Jane Street
New York
|
+$11.9K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCL
Bracebridge Capital LLC
Boston,
Massachusetts
|
-$5.58M |
| 2 |
JGC
J. Goldman & Co
New York
|
-$3.29M |
| 3 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$2.98M |
| 4 |
TAL
TIG Advisors LLC
New York
|
-$1.74M |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$1.49M |
PNTM.U Hedge Fund Activity: Q4 2022 in Review
16 of the 6,237 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 Q4 2022, worth a combined $6.73M — down 71% from $23.5M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of PNTM.U and 4 opened new positions — a net loss of 10 holders — while 3 trimmed existing stakes and 2 added.
The largest buyer was Cowen and Company, opening a new position worth an estimated $1M. The largest seller was Bracebridge Capital LLC, exiting entirely with an estimated $5.58M sold.
- 16 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 Q4 2022, down from 26 in Q3 2022.
- Funds reported $6.73M of Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant stock for Q4 2022, down 71% quarter-over-quarter.
- 4 funds opened new Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant positions in Q4 2022 and 14 closed out, a net change of -10 holders.
- The largest Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant buyer in Q4 2022 was Cowen and Company, an estimated $1M added.
- The largest Pontem Corporation Units, each consisting of one Class A ordinary share, and one-third of one redeemable warrant seller in Q4 2022 was Bracebridge Capital LLC, an estimated $5.58M sold.
Based on aggregated 13F filings for Q4 2022.