CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
PRPC.U
PRPC.U was delisted on the 7th of November, 2023.
59 hedge funds and large institutions have $119M invested in CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant in 2021 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 16 reducing their positions, and 49 closing their positions.
25% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 16
45% less funds holding
Funds holding: 107 → 59 (-48)
63% less capital invested
Capital invested by funds: $323M → $119M (-$204M)
96% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 49
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
+$5.13M |
| 2 |
LPC
Lion Point Capital
New York
|
+$2.02M |
| 3 |
D.E. Shaw & Co
New York
|
+$632K |
| 4 |
GT
Glenmede Trust
Philadelphia,
Pennsylvania
|
+$312K |
| 5 |
SRF
Silver Rock Financial
Los Angeles,
California
|
+$195K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Adage Capital Partners
Boston,
Massachusetts
|
-$31.5M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$27.6M |
| 3 |
Nomura Holdings
Tokyo,
Japan
|
-$12.6M |
| 4 |
AL
Appaloosa LP
Short Hills,
New Jersey
|
-$12.5M |
| 5 |
SCP
Soroban Capital Partners
New York
|
-$12.5M |
PRPC.U Hedge Fund Activity: Q2 2021 in Review
59 of the 5,767 institutional investors tracked by Wall St. Rank reported a position in CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant (PRPC.U) for Q2 2021, worth a combined $119M — down 63% from $323M a quarter earlier.
Sellers outnumbered buyers: 49 funds closed out of PRPC.U and 2 opened new positions — a net loss of 47 holders — while 16 trimmed existing stakes and 12 added.
The largest buyer was Glazer Capital LLC, adding an estimated $5.13M. The largest seller was Adage Capital Partners, exiting entirely with an estimated $31.5M sold.
- 59 institutional investors held CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant (PRPC.U) as of Q2 2021, down from 107 in Q1 2021.
- Funds reported $119M of CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant stock for Q2 2021, down 63% quarter-over-quarter.
- 2 funds opened new CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant positions in Q2 2021 and 49 closed out, a net change of -47 holders.
- The largest CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant buyer in Q2 2021 was Glazer Capital LLC, an estimated $5.13M added.
- The largest CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant seller in Q2 2021 was Adage Capital Partners, an estimated $31.5M sold.
Based on aggregated 13F filings for Q2 2021.