Vault-13

ALLIANCE ENTERTAINMENT HOLDI AENTW

*W EXP 02/11/202 · Equity WRT · CUSIP 01861F110

14 institutional holders -1 vs Q1 2025
1,062,5831.1m shares reported held*
$243.1kreported value*
1 new 2 added 1 reduced 1 sold out net bought ≈ $16.1k (-197.8k 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. Holder counts are more reliable. Implied quarter-end price ≈ $0.23. Options: 1 managers hold calls ($2.2k notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q1 23: 1Q2 23: 26Q3 23: 27Q4 23: 25Q1 24: 25Q2 24: 22Q3 24: 16Q4 24: 15Q1 25: 15Q2 25: 1414Q1 23Q3 23Q1 24Q3 24Q1 25Q2 25
Numbers
QuarterHolders
Q1 20231
Q2 202326
Q3 202327
Q4 202325
Q1 202425
Q2 202422
Q3 202416
Q4 202415
Q1 202515
Q2 202514

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 23: 1 bought or addedQ3 23: 5 cut or sold outQ4 23: 3 bought or addedQ4 23: 6 cut or sold outQ4 23Q1 24: 5 bought or addedQ1 24: 5 cut or sold outQ2 24: 5 bought or addedQ2 24: 8 cut or sold outQ2 24Q3 24: 0 bought or addedQ3 24: 12 cut or sold outQ4 24: 2 bought or addedQ4 24: 7 cut or sold outQ4 24Q1 25: 1 bought or addedQ1 25: 6 cut or sold outQ2 25: 3 bought or addedQ2 25: 2 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202315
Q4 202336
Q1 202455
Q2 202458
Q3 2024012
Q4 202427
Q1 202516
Q2 202532

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$2k$4k$6k$8kQ3 24 calls: $874Q3 24 puts: $0Q3 24P/C 0.00Q4 24 calls: $7.4kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $2.5kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $2.2kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$874$00.00
Q4 2024$7.4k$00.00
Q1 2025$2.5k$00.00
Q2 2025$2.2k$00.00

Biggest buyers

Clarity Capital Partners LLC New +287,514+287.5k
WOLVERINE ASSET MANAGEMENT LLC Added +99,691+99.7k
UBS Group AG Added +26+26

Biggest sellers

Clarity Capital Partners LLC Sold out -287,514-287.5k
Shaolin Capital Management LLC Reduced -10,000-10.0k

Biggest calls

MILLENNIUM MANAGEMENT LLC Unchanged $2.2k12.5k shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

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 MMCAP International Inc. SPC 0.01% of their portfolio GRAND CAYMAN, E9 294,000294.0k $52.9k $52.9k 0.01% Unchanged
2 Clarity Capital Partners LLC 0.02% of their portfolio Newport Beach, CA 287,514287.5k $51.8k $51.8k 0.02% New
3 Bleichroeder LP 0.01% of their portfolio NEW YORK, NY 200,000200.0k $36.0k $36.0k 0.01% Unchanged
4 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 124,884124.9k $22.5k $22.5k 0.00% Added +99.7k +99,691
5 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 104,273104.3k $18.8k $18.8k 0.00% Unchanged
6 VR Advisory Services Ltd 0.00% of their portfolio CAMANA BAY, GRAND CAYMAN, E9 100,000100.0k $18.0k $18.0k 0.00% Unchanged
7 Shaolin Capital Management LLC 0.00% of their portfolio Miami, FL 80,00080.0k $14.4k $14.4k 0.00% Reduced -10.0k -10,000
8 SkyView Investment Advisors, LLC 0.00% of their portfolio SHREWSBURY, NJ 72,03172.0k $13.0k $13.0k 0.00% Unchanged
9 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 37,56737.6k $6.8k $6.8k 0.00% Unchanged
10 Yakira Capital Management, Inc. 0.00% of their portfolio Westport, CT 30,16430.2k $5.4k $5.4k 0.00% Unchanged
11 Biltmore Family Office, LLC 0.00% of their portfolio CHARLOTTE, NC 19,00219.0k $3.4k $3.4k 0.00% Unchanged
12 UBS Group AG 0.00% of their portfolio ZURICH, V8 487487 $88 $88 0.00% Added +26 +26
13 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 175175 $32 $32 0.00% Unchanged
14 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged