B RILEY PRIN 250 MERGER CORP
*W EXP 04/01/202 · CUSIP 05602L112
34
institutional holders
+0 vs Q4 2022
3.3m
shares reported held*
$2.1mreported value*
4 new
4 added
3 reduced
3 sold out
net sold ≈ $16.2k (-247.2k 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 ≈ $0.64. Options: 2 managers hold calls ($12.0k notional), 0 hold puts (—).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 35 |
| Q4 2022 | 34 |
| Q1 2023 | 34 |
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 |
|---|---|---|
| Q4 2022 | 3 | 7 |
| Q1 2023 | 8 | 6 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $20.0k | $0 | 0.00 |
| Q4 2022 | $6.0k | $0 | 0.00 |
| Q1 2023 | $12.0k | $0 | 0.00 |
Biggest buyers
| Shaolin Capital Management LLC | Added | +131.9k |
| COWEN AND COMPANY, LLC | New | +51.5k |
| CITADEL ADVISORS LLC | New | +16.6k |
| FLOW TRADERS U.S. LLC | New | +12.2k |
| Bulldog Investors, LLP | Added | +5.6k |
| UBS Group AG | New | +360 |
| CLEAR STREET LLC | Added | +202 |
| BANK OF AMERICA CORP /DE/ | Added | +200 |
Biggest sellers
| Nokomis Capital, L.L.C. | Sold out | -395.7k |
| MANGROVE PARTNERS IM, LLC | Sold out | -51.3k |
| CVI Holdings, LLC | Reduced | -12.2k |
| AQR Arbitrage LLC | Reduced | -3.6k |
| Sculptor Capital LP | Reduced | -2.5k |
| GLAZER CAPITAL, LLC | Sold out | -509 |
Biggest calls
| TUDOR INVESTMENT CORP ET AL | Unchanged | $8.0k125.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $4.0k55.8k 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, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| Shaolin Capital Management LLC 0.00% of their portfolio | 535.3k $35.0k | Added +131.9k |
| Sculptor Capital LP 0.00% of their portfolio | 497.0k $53.5k | Reduced -2.5k |
| Periscope Capital Inc. 0.00% of their portfolio | 239.6k $15.9k | Unchanged |
| AQR Arbitrage LLC 0.00% of their portfolio | 210.4k $14.0k | Reduced -3.6k |
| Castle Creek Arbitrage, LLC 0.00% of their portfolio | 141.7k $9.4k | Unchanged |
| Q Global Advisors, LLC 0.01% of their portfolio | 135.5k $9.0k | Unchanged |
| Corbin Capital Partners, L.P. 0.00% of their portfolio | 133.3k $8.8k | Unchanged |
| Owl Creek Asset Management, L.P. 0.00% of their portfolio | 116.7k $7.7k | Unchanged |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 116.7k $7.7k | Unchanged |
| Knott David M Jr 0.55% of their portfolio | 116.7k $1.3m | Unchanged |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 108.3k $7.2k | Unchanged |
| DIFESA CAPITAL MANAGEMENT, LP 0.01% of their portfolio | 106.7k $7.1k | Unchanged |
| Sage Rock Capital Management LP 0.00% of their portfolio | 101.6k $6.7k | Unchanged |
| P SCHOENFELD ASSET MANAGEMENT LP 0.00% of their portfolio | 80.1k $5.3k | Unchanged |
| Bleichroeder LP 0.00% of their portfolio | 75.0k $5.0k | Unchanged |
| Radcliffe Capital Management, L.P. 0.00% of their portfolio | 75.0k $8.1k | Unchanged |
| Calamos Advisors LLC 0.00% of their portfolio | 66.7k $4.4k | Unchanged |
| KIM, LLC 0.00% of their portfolio | 66.7k $4.4k | Unchanged |
| Bulldog Investors, LLP 0.00% of their portfolio | 58.2k $3.7k | Added +5.6k |
| COWEN AND COMPANY, LLC 0.00% of their portfolio | 51.5k $3.4k | New |
| Segantii Capital Management Ltd 0.02% of their portfolio | 50.0k $508.0k | Unchanged |
| PEAK6 Investments LLC 0.00% of their portfolio | 50.0k $3.3k | Unchanged |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 33.3k $2.2k | Unchanged |
| CVI Holdings, LLC 0.00% of their portfolio | 29.0k $1.9k | Reduced -12.2k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 16.9k $1.1k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 16.6k $1.1k | New |
| Cruiser Capital Advisors, LLC 0.00% of their portfolio | 13.3k $884 | Unchanged |
| FLOW TRADERS U.S. LLC 0.00% of their portfolio | 12.2k $1.0k | New |
| Terrapin Asset Management, LLC 0.00% of their portfolio | 11.7k $773 | Unchanged |
| CLEAR STREET LLC 0.00% of their portfolio | 6.1k $407 | Added +202 |
| Ancora Advisors LLC 0.00% of their portfolio | 1.7k $110 | Unchanged |
| UBS Group AG 0.00% of their portfolio | 360 $24 | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 278 $18 | Added +200 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |