Picton Mahoney Asset Management Invests $11.39 Million in Slam Corp. (NASDAQ:SLAM)

Picton Mahoney Asset Management purchased a new stake in shares of Slam Corp. (NASDAQ:SLAM) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 1,050,000 shares of the company’s stock, valued at approximately $11,393,000. Picton Mahoney Asset Management owned about 2.64% of Slam at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SLAM. BCK Capital Management LP acquired a new position in shares of Slam in the 3rd quarter valued at $307,000. Gabelli Funds LLC boosted its stake in Slam by 32.1% during the third quarter. Gabelli Funds LLC now owns 221,219 shares of the company’s stock worth $2,385,000 after buying an additional 53,800 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Slam by 25.4% during the third quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 228,350 shares of the company’s stock valued at $2,462,000 after acquiring an additional 46,200 shares during the last quarter. AQR Arbitrage LLC purchased a new stake in shares of Slam in the 3rd quarter valued at approximately $2,695,000. Finally, Shaolin Capital Management LLC lifted its holdings in shares of Slam by 181.3% in the 3rd quarter. Shaolin Capital Management LLC now owns 325,000 shares of the company’s stock worth $3,504,000 after acquiring an additional 725,000 shares during the last quarter. 87.25% of the stock is currently owned by institutional investors and hedge funds.

Slam Stock Performance

Slam stock traded up $0.11 during midday trading on Tuesday, reaching $11.20. 657 shares of the stock traded hands, compared to its average volume of 34,627. The company has a 50-day simple moving average of $11.00 and a two-hundred day simple moving average of $10.91. Slam Corp. has a 12-month low of $10.35 and a 12-month high of $11.17.

Slam Profile

Slam Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or related business combination with one or more businesses or entities. The company was incorporated in 2020 and is based in New York, New York.