Picton Mahoney Asset Management Has $19.95 Million Position in Churchill Capital Corp VII (NYSE:CVII)

Picton Mahoney Asset Management increased its holdings in shares of Churchill Capital Corp VII (NYSE:CVII) by 65.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,900,000 shares of the company’s stock after acquiring an additional 750,000 shares during the quarter. Churchill Capital Corp VII makes up approximately 0.5% of Picton Mahoney Asset Management’s portfolio, making the stock its 20th largest position. Picton Mahoney Asset Management’s holdings in Churchill Capital Corp VII were worth $19,950,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Westchester Capital Management LLC acquired a new position in shares of Churchill Capital Corp VII during the third quarter valued at about $45,335,000. Ampfield Management L.P. acquired a new position in Churchill Capital Corp VII in the 4th quarter valued at approximately $46,000. Kepos Capital LP lifted its position in shares of Churchill Capital Corp VII by 279.3% in the 3rd quarter. Kepos Capital LP now owns 550,000 shares of the company’s stock worth $5,748,000 after acquiring an additional 405,000 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of Churchill Capital Corp VII during the 4th quarter worth approximately $2,583,000. Finally, TrueMark Investments LLC acquired a new stake in shares of Churchill Capital Corp VII during the 4th quarter worth approximately $210,000. Institutional investors own 61.16% of the company’s stock.

Churchill Capital Corp VII Stock Performance

Shares of NYSE CVII remained flat at $10.73 during trading hours on Tuesday. The company had a trading volume of 281,244 shares, compared to its average volume of 249,109. Churchill Capital Corp VII has a twelve month low of $10.16 and a twelve month high of $10.85. The stock has a fifty day moving average price of $10.69 and a two-hundred day moving average price of $10.58.

Churchill Capital Corp VII Company Profile

Churchill Capital Corp VII, a blank check company, focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in New York, New York.