APPRECIATE HOLDINGS INC SFRTW
*W EXP 11/29/202 · Equity WRT · CUSIP 03832J114
40
institutional holders
-1 vs Q1 2023
4.0m
shares reported held*
$147.2kreported value*
1 new
2 added
9 reduced
3 sold out
net sold ≈ $1.3k (-276.8k 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 ≈ $0.04. Options: 4 managers hold calls ($25.0k notional), 0 hold puts (—).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2022 | 38 |
| Q1 2023 | 41 |
| Q2 2023 | 40 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 8 | 7 |
| Q2 2023 | 3 | 12 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $0 | $0 | — |
| Q4 2022 | $24.3k | $0 | 0.00 |
| Q1 2023 | $17.6k | $0 | 0.00 |
| Q2 2023 | $25.0k | $0 | 0.00 |
Biggest buyers
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Added | +439.4k |
| Curi Capital, LLC | New | +16.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +8.2k |
Biggest sellers
| HGC Investment Management Inc. | Reduced | -125.7k |
| CITADEL ADVISORS LLC | Reduced | -71.3k |
| Parallax Volatility Advisers, L.P. | Sold out | -34.0k |
| Alpine Global Management, LLC | Sold out | -23.1k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Sold out | -16.1k |
| UBS Group AG | Reduced | -10.0k |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) | Reduced | -7.5k |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | -6.6k |
| Linden Advisors LP | Reduced | -4.8k |
| JANE STREET GROUP, LLC | Reduced | -1.7k |
Biggest calls
| Sandia Investment Management LP | Unchanged | $21.9k731.3k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $2.2k75.0k shares |
| CITIGROUP INC | New | $62120.7k shares |
| LITTLEJOHN & CO LLC | Unchanged | $2108.3k 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.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.4m $34.2k | Added +439.4k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 922.8k $23.3k | Reduced -71.3k |
| ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio | 352.1k $9.8k | Unchanged |
| CANTOR FITZGERALD, L. P. 0.00% of their portfolio | 315.7k $9.5k | Unchanged |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.00% of their portfolio | 230.1k $6.4k | Reduced -7.5k |
| Diametric Capital, LP 0.00% of their portfolio | 217.2k $6.5k | Unchanged |
| Radcliffe Capital Management, L.P. 0.00% of their portfolio | 200.0k $5.5k | Unchanged |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 179.3k $5.0k | Unchanged |
| Linden Advisors LP 0.00% of their portfolio | 170.7k $4.7k | Reduced -4.8k |
| Context Capital Management, LLC 0.00% of their portfolio | 135.3k $4.0k | Unchanged |
| Q Global Advisors, LLC 0.00% of their portfolio | 129.3k $4.0k | Unchanged |
| HGC Investment Management Inc. 0.00% of their portfolio | 125.7k $4.0k | Reduced -125.7k |
| Walleye Capital LLC 0.00% of their portfolio | 124.3k $3.7k | Unchanged |
| Kepos Capital LP 0.00% of their portfolio | 116.7k $3.0k | First filing |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 83.3k $2.5k | Unchanged |
| Bulldog Investors, LLP 0.00% of their portfolio | 78.7k $2.4k | Reduced -555 |
| Walleye Trading LLC 0.00% of their portfolio | 69.9k $2.1k | Unchanged |
| Shaolin Capital Management LLC 0.00% of their portfolio | 66.7k $2.0k | Unchanged |
| Yakira Capital Management, Inc. 0.00% of their portfolio | 60.1k $1.8k | Unchanged |
| GABELLI & Co INVESTMENT ADVISERS, INC. 0.00% of their portfolio | 55.4k $1.7k | Unchanged |
| GABELLI FUNDS LLC 0.00% of their portfolio | 54.6k $1.6k | Unchanged |
| SONA ASSET MANAGEMENT (US) LLC 0.00% of their portfolio | 45.0k $1.4k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 35.7k $900 | Added +8.2k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 33.4k $1.0k | Reduced -1.7k |
| Meteora Capital, LLC 0.00% of their portfolio | 31.8k $953 | Unchanged |
| Jefferies Financial Group Inc. 0.00% of their portfolio | 31.6k $949 | Unchanged |
| Castle Creek Arbitrage, LLC 0.00% of their portfolio | 31.6k $875 | Unchanged |
| Mint Tower Capital Management B.V. 0.00% of their portfolio | 27.8k $1.0k | Unchanged |
| HRT FINANCIAL LP 0.00% of their portfolio | 20.1k $0 | Unchanged |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 18.0k $540 | Unchanged |
| Curi Capital, LLC 0.00% of their portfolio | 16.7k $500 | New |
| Saba Capital Management, L.P. 0.00% of their portfolio | 16.5k $456 | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 15.5k $465 | Reduced -6.6k |
| NEXPOINT ASSET MANAGEMENT, L.P. 0.00% of their portfolio | 12.6k $378 | Unchanged |
| CLEAR STREET LLC 0.00% of their portfolio | 3.9k $118 | Reduced -300 |
| UBS Group AG 0.00% of their portfolio | 3.3k $100 | Reduced -10.0k |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 0.00% of their portfolio | 1.6k $47 | Unchanged |
| Ulland Investment Advisors, LLC 0.00% of their portfolio | 500 $0 | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 46 $1 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |