Picton Mahoney Asset Management Buys 750,000 Shares of Churchill Capital Corp VII (NYSE:CVII)

Picton Mahoney Asset Management raised its stake in Churchill Capital Corp VII (NYSE:CVII) by 65.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. 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 comprises 0.5% of Picton Mahoney Asset Management’s holdings, making the stock its 20th largest position. Picton Mahoney Asset Management owned 2.05% of Churchill Capital Corp VII worth $19,950,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the company. TrueMark Investments LLC bought a new position in shares of Churchill Capital Corp VII during the fourth quarter worth approximately $210,000. Wolverine Asset Management LLC acquired a new position in Churchill Capital Corp VII in the 4th quarter valued at $2,583,000. Ampfield Management L.P. bought a new stake in shares of Churchill Capital Corp VII during the 4th quarter valued at $46,000. Kepos Capital LP grew its holdings in shares of Churchill Capital Corp VII by 279.3% during the 3rd quarter. Kepos Capital LP now owns 550,000 shares of the company’s stock worth $5,748,000 after purchasing an additional 405,000 shares in the last quarter. Finally, Westchester Capital Management LLC bought a new position in shares of Churchill Capital Corp VII in the third quarter worth $45,335,000. Institutional investors own 61.16% of the company’s stock.

Churchill Capital Corp VII Stock Performance

Shares of CVII remained flat at $10.73 during midday trading on Tuesday. The stock had a trading volume of 281,244 shares, compared to its average volume of 249,109. Churchill Capital Corp VII has a one year low of $10.16 and a one year high of $10.85. The company’s 50 day moving average price is $10.69 and its two-hundred day moving average price is $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.