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.
34 hedge funds and large institutions have $31.3M invested in CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant in 2022 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 2 increasing their positions, 7 reducing their positions, and 10 closing their positions.
15% less funds holding
Funds holding: 40 → 34 (-6)
39% less capital invested
Capital invested by funds: $51.1M → $31.3M (-$19.8M)
60% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 10
71% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VF
Virtu Financial
New York
|
+$261K |
| 2 |
BP
BBR Partners
New York
|
+$198K |
| 3 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
+$59.6K |
| 4 |
GCL
Glazer Capital LLC
New York
|
+$8.09K |
| 5 |
FIA
FNY Investment Advisers
New York
|
+$5.01K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BCM
BlueCrest Capital Management
St Helier,
Jersey
|
-$7.5M |
| 2 |
SRCM
Sage Rock Capital Management
New York
|
-$5.71M |
| 3 |
CF
Cantor Fitzgerald
New York
|
-$4.54M |
| 4 |
OCAM
Owl Creek Asset Management
New York
|
-$550K |
| 5 |
Nomura Holdings
Tokyo,
Japan
|
-$500K |
PRPC.U Hedge Fund Activity: Q1 2022 in Review
34 of the 6,360 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 Q1 2022, worth a combined $31.3M — down 39% from $51.1M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of PRPC.U and 4 opened new positions — a net loss of 6 holders — while 7 trimmed existing stakes and 2 added.
The largest buyer was Virtu Financial, opening a new position worth an estimated $261K. The largest seller was BlueCrest Capital Management, exiting entirely with an estimated $7.5M sold.
- 34 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 Q1 2022, down from 40 in Q4 2021.
- Funds reported $31.3M of CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant stock for Q1 2022, down 39% 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 Q1 2022 and 10 closed out, a net change of -6 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 Q1 2022 was Virtu Financial, an estimated $261K 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 Q1 2022 was BlueCrest Capital Management, an estimated $7.5M sold.
Based on aggregated 13F filings for Q1 2022.