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.
40 hedge funds and large institutions have $51.1M 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 Q4 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 11 reducing their positions, and 15 closing their positions.
22% less funds holding
Funds holding: 51 → 40 (-11)
33% less capital invested
Capital invested by funds: $76.2M → $51.1M (-$25.1M)
73% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 11
73% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 15
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CIM
Cowen Investment Management
New York
|
+$1.72M |
| 2 |
OCAM
Owl Creek Asset Management
New York
|
+$550K |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$84K |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$450 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPC
Lion Point Capital
New York
|
-$9.95M |
| 2 |
Millennium Management
New York
|
-$3.92M |
| 3 |
KC
Kepos Capital
New York
|
-$3.79M |
| 4 |
JG
Jefferies Group
New York
|
-$3.2M |
| 5 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$2.98M |
PRPC.U Hedge Fund Activity: Q4 2021 in Review
40 of the 6,518 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 Q4 2021, worth a combined $51.1M — down 33% from $76.2M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of PRPC.U and 4 opened new positions — a net loss of 11 holders — while 11 trimmed existing stakes and 3 added.
The largest buyer was Cowen Investment Management, adding an estimated $1.72M. The largest seller was Lion Point Capital, exiting entirely with an estimated $9.95M sold.
- 40 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 Q4 2021, down from 51 in Q3 2021.
- Funds reported $51.1M of CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant stock for Q4 2021, down 33% quarter-over-quarter.
- 4 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 Q4 2021 and 15 closed out, a net change of -11 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 Q4 2021 was Cowen Investment Management, an estimated $1.72M 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 Q4 2021 was Lion Point Capital, an estimated $9.95M sold.
Based on aggregated 13F filings for Q4 2021.