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.
22 hedge funds and large institutions have $18.7M 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 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 6 closing their positions.
12% less capital invested
Capital invested by funds: $21.2M → $18.7M (-$2.47M)
15% less funds holding
Funds holding: 26 → 22 (-4)
67% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 6
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$188K |
| 2 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
+$62.6K |
| 3 |
CS
Clear Street
New York
|
+$15.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TAL
TIG Advisors LLC
New York
|
-$2.33M |
| 2 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
-$358K |
| 3 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$244K |
| 4 |
E
Ergoteles
New York
|
-$122K |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$108K |
PRPC.U Hedge Fund Activity: Q4 2022 in Review
22 of the 6,237 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 2022, worth a combined $18.7M — down 12% from $21.2M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of PRPC.U and 2 opened new positions — a net loss of 4 holders — while 6 trimmed existing stakes and 2 added.
The largest buyer was Spartan Fund Management, opening a new position worth an estimated $188K. The largest seller was TIG Advisors LLC, exiting entirely with an estimated $2.33M sold.
- 22 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 2022, down from 26 in Q3 2022.
- Funds reported $18.7M 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 2022, down 12% 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 Q4 2022 and 6 closed out, a net change of -4 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 2022 was Spartan Fund Management, an estimated $188K 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 2022 was TIG Advisors LLC, an estimated $2.33M sold.
Based on aggregated 13F filings for Q4 2022.