Parabellum Acquisition Corp. Units, each consisting of one share of Class A common stock and three-quarters of one redeemable warrant
PRBM.U
PRBM.U was delisted on the 25th of January, 2023.
23 hedge funds and large institutions have $43.8M invested in Parabellum Acquisition Corp. Units, each consisting of one share of Class A common stock and three-quarters of one redeemable warrant in 2021 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 3 increasing their positions, 7 reducing their positions, and 24 closing their positions.
41% less funds holding
Funds holding: 39 → 23 (-16)
57% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 7
67% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 24
88% less capital inflows, than outflows
Capital inflows: $10.5M | Capital outflows: $85.9M
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$4.05M |
| 2 |
VAS
VR Advisory Services
Camana Bay, Grand Cayman,
Cayman Islands
|
+$2.65M |
| 3 |
Citigroup
New York
|
+$1.01M |
| 4 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$769K |
| 5 |
Magnetar Financial
Evanston,
Illinois
|
+$656K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Cohanzick Management
Pleasantville,
New York
|
-$12.3M |
| 2 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$6.87M |
| 3 |
Saba Capital Management
New York
|
-$6.43M |
| 4 |
FTCM
Fir Tree Capital Management
New York
|
-$5.98M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$5.98M |
PRBM.U Hedge Fund Activity: Q4 2021 in Review
23 of the 6,521 institutional investors tracked by Wall St. Rank reported a position in Parabellum Acquisition Corp. Units, each consisting of one share of Class A common stock and three-quarters of one redeemable warrant (PRBM.U) for Q4 2021, worth a combined $43.8M — down 63% from $118M a quarter earlier.
Sellers outnumbered buyers: 24 funds closed out of PRBM.U and 8 opened new positions — a net loss of 16 holders — while 7 trimmed existing stakes and 3 added.
The largest buyer was Picton Mahoney Asset Management, opening a new position worth an estimated $4.05M. The largest seller was Cohanzick Management, exiting entirely with an estimated $12.3M sold.
- 23 institutional investors held Parabellum Acquisition Corp. Units, each consisting of one share of Class A common stock and three-quarters of one redeemable warrant (PRBM.U) as of Q4 2021, down from 39 in Q3 2021.
- Funds reported $43.8M of Parabellum Acquisition Corp. Units, each consisting of one share of Class A common stock and three-quarters of one redeemable warrant stock for Q4 2021, down 63% quarter-over-quarter.
- 8 funds opened new Parabellum Acquisition Corp. Units, each consisting of one share of Class A common stock and three-quarters of one redeemable warrant positions in Q4 2021 and 24 closed out, a net change of -16 holders.
- The largest Parabellum Acquisition Corp. Units, each consisting of one share of Class A common stock and three-quarters of one redeemable warrant buyer in Q4 2021 was Picton Mahoney Asset Management, an estimated $4.05M added.
- The largest Parabellum Acquisition Corp. Units, each consisting of one share of Class A common stock and three-quarters of one redeemable warrant seller in Q4 2021 was Cohanzick Management, an estimated $12.3M sold.
Based on aggregated 13F filings for Q4 2021.