Vault-13

ALLIANCE ENTERTAINMENT HOLDI AENT

COM CLASS A · Common Stock · CUSIP 01861F102

18 institutional holders -5 vs Q1 2025
23,922,79723.9m shares reported held*
$90.2mreported value*
1 new 7 added 1 reduced 6 sold out net bought ≈ $106.8k (+28.3k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($376.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $3.77.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q2 23: 4Q3 23: 4Q4 23: 7Q1 24: 6Q2 24: 9Q3 24: 7Q4 24: 20Q1 25: 23Q2 25: 1818Q2 23Q4 23Q2 24Q4 24Q2 25
Numbers
QuarterHolders
Q2 20234
Q3 20234
Q4 20237
Q1 20246
Q2 20249
Q3 20247
Q4 202420
Q1 202523
Q2 202518

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q3 23: 2 bought or addedQ3 23: 1 cut or sold outQ4 23: 4 bought or addedQ4 23: 2 cut or sold outQ4 23Q1 24: 3 bought or addedQ1 24: 4 cut or sold outQ2 24: 5 bought or addedQ2 24: 0 cut or sold outQ2 24Q3 24: 1 bought or addedQ3 24: 3 cut or sold outQ4 24: 14 bought or addedQ4 24: 1 cut or sold outQ4 24Q1 25: 16 bought or addedQ1 25: 4 cut or sold outQ2 25: 8 bought or addedQ2 25: 7 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202321
Q4 202342
Q1 202434
Q2 202450
Q3 202413
Q4 2024141
Q1 2025164
Q2 202587

Biggest buyers

MILLENNIUM MANAGEMENT LLC Added +45,211+45.2k
ROYAL BANK OF CANADA Added +33,946+33.9k
BRIDGEWAY CAPITAL MANAGEMENT, LLC Added +18,995+19.0k
RENAISSANCE TECHNOLOGIES LLC Added +16,000+16.0k
XTX Topco Ltd New +15,662+15.7k
Perritt Capital Management Inc Added +15,000+15.0k
Clarity Capital Partners LLC Added +12,200+12.2k
Empowered Funds, LLC Added +8,995+9.0k

Biggest sellers

MARSHALL WACE, LLP Sold out -70,779-70.8k
OMERS ADMINISTRATION Corp Sold out -27,900-27.9k
GOLDMAN SACHS GROUP INC Sold out -14,401-14.4k
LPL Financial LLC Sold out -13,200-13.2k
UBS Group AG Reduced -5,423-5.4k
MORGAN STANLEY Sold out -3,539-3.5k
BANK OF AMERICA CORP /DE/ Sold out -2,440-2.4k

Insider purchases and sales in Q2 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
404Q3 23: 0 buyingQ3 23: 0 sellingQ4 23: 0 buyingQ4 23: 0 sellingQ4 23Q1 24: 1 buyingQ1 24: 0 sellingQ2 24: 3 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 3 buyingQ1 25: 0 sellingQ2 25: 2 buyingQ2 25: 0 sellingQ2 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q3 20230—0——
Q4 20230—0——
Q1 20241$4990——
Q2 20243$62.7k0——
Q3 20240—0——
Q4 20240—0——
Q1 20253$297.6k0——
Q2 20252$26.4k0——
DateInsiderTradeSharesPrice ValueTheir holding
2025-06-18 Black Robert R. Chief Compliance Officer Bought 1,000 $3.10 $3.1k1.0k shares +5%
2025-06-17 Black Robert R. Chief Compliance Officer Bought 343 $3.15 $1.1k343 shares +2%
2025-06-16 Black Robert R. Chief Compliance Officer Bought 157 $3.15 $495157 shares +1%
2025-05-28 Black Robert R. Chief Compliance Officer Bought 1,000 $2.70 $2.7k1.0k shares +6%
2025-05-27 Black Robert R. Chief Compliance Officer Bought 2,500 $2.67 $6.7k2.5k shares +17%
2025-05-27 Ogilvie Bruce A Jr Executive Chairman, director · See Footnote Bought 2,000 $2.70 $5.4k2.0k shares +<1%
2025-05-20 Black Robert R. Chief Compliance Officer Bought 2,500 $2.80 $7.0k2.5k shares +20%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Clarity Capital Partners LLC 31.67% of their portfolio Newport Beach, CA 23,476,00123.5m $88.5m $88.5m 31.67% Added +12.2k +12,200
2 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.01% of their portfolio HOUSTON, TX 122,075122.1k $460.2k $460.2k 0.01% Added +19.0k +18,995
3 Empowered Funds, LLC 0.00% of their portfolio NEWTOWN SQUARE, PA 99,87599.9k $376.5k $376.5k 0.00% Added +9.0k +8,995
4 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 68,00068.0k $256.0k $256.0k 0.00% Added +33.9k +33,946
5 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 66,18566.2k $249.5k $249.5k 0.00% Added +45.2k +45,211
6 Perritt Capital Management Inc 0.10% of their portfolio Chicago, IL 50,00050.0k $188.5k $188.5k 0.10% Added +15.0k +15,000
7 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 32,80032.8k $123.7k $123.7k 0.00% Added +16.0k +16,000
8 Apollon Wealth Management, LLC 0.00% of their portfolio MOUNT PLEASANT, SC 31,98032.0k $120.6k $120.6k 0.00% Unchanged
9 SHEETS SMITH WEALTH MANAGEMENT 0.01% of their portfolio WINSTON-SALEM, NC 25,00025.0k $94.2k $94.2k 0.01% Unchanged
10 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 15,66215.7k $59.0k $59.0k 0.00% New
11 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 13,31113.3k $50.2k $50.2k 0.00% Unchanged
12 Kestra Advisory Services, LLC 0.00% of their portfolio AUSTIN, TX 11,00011.0k $41.5k $41.5k 0.00% Unchanged
13 UBS Group AG 0.00% of their portfolio ZURICH, V8 10,12110.1k $38.2k $38.2k 0.00% Reduced -5.4k -5,423
14 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 350350 $1.3k $1.3k 0.00% Unchanged
15 Moisand Fitzgerald Tamayo, LLC 0.00% of their portfolio ORLANDO, FL 200200 $754 $754 0.00% Unchanged
16 Truvestments Capital LLC 0.00% of their portfolio SARASOTA, FL 100100 $377 $377 0.00% Unchanged
17 SBI Securities Co., Ltd. 0.00% of their portfolio TOKYO, M0 1212 $45 $45 0.00% Unchanged
18 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged