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.
51 hedge funds and large institutions have $76.2M 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 Q3 according to their latest regulatory filings, with 9 funds opening new positions, 8 increasing their positions, 11 reducing their positions, and 16 closing their positions.
14% less funds holding
Funds holding: 59 → 51 (-8)
27% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 11
36% less capital invested
Capital invested by funds: $119M → $76.2M (-$42.8M)
44% less first-time investments, than exits
New positions opened: 9 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JG
Jefferies Group
New York
|
+$3.21M |
| 2 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$1.24M |
| 3 |
FBCM
Fort Baker Capital Management
Larkspur,
California
|
+$744K |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$235K |
| 5 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$225K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCL
Glazer Capital LLC
New York
|
-$20M |
| 2 |
TP
Third Point
New York
|
-$5M |
| 3 |
ACA
Arena Capital Advisors
Los Angeles,
California
|
-$4.54M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$3.85M |
| 5 |
RCMU
Rokos Capital Management (UK)
London,
United Kingdom
|
-$3.21M |
PRPC.U Hedge Fund Activity: Q3 2021 in Review
51 of the 5,728 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 Q3 2021, worth a combined $76.2M — down 36% from $119M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of PRPC.U and 9 opened new positions — a net loss of 7 holders — while 11 trimmed existing stakes and 8 added.
The largest buyer was Jefferies Group, opening a new position worth an estimated $3.21M. The largest seller was Glazer Capital LLC, cutting an estimated $20M.
- 51 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 Q3 2021, down from 59 in Q2 2021.
- Funds reported $76.2M of CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant stock for Q3 2021, down 36% quarter-over-quarter.
- 9 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 Q3 2021 and 16 closed out, a net change of -7 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 Q3 2021 was Jefferies Group, an estimated $3.21M 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 Q3 2021 was Glazer Capital LLC, an estimated $20M sold.
Based on aggregated 13F filings for Q3 2021.