Vault-13

BANYAN ACQUISITION CORPORATI PNSTQ

CL A COM · Common Stock · CUSIP 06690B107

59 institutional holders +5 vs Q3 2022
21,476,70421.5m shares reported held*
$219.3mreported value*
10 new 9 added 7 reduced 6 sold out net bought ≈ $19.6m (+1.9m 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 ($536.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.21. Options: 1 managers hold calls ($268.0k notional), 0 hold puts (—).

Trends to Q4 2022

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 54Q4 22: 5959Q3 22Q4 22
Numbers
QuarterHolders
Q3 202254
Q4 202259

Calls vs puts

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

CallsPuts
$0$100k$200k$300kQ3 22 calls: $262.0kQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $268.0kQ4 22 puts: $0Q4 22P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2022$262.0k$00.00
Q4 2022$268.0k$00.00

Biggest buyers

Calamos Advisors LLC New +1,000,000+1.0m
LMR Partners LLP New +500,000+500.0k
Castle Creek Arbitrage, LLC Added +400,000+400.0k
DIFESA CAPITAL MANAGEMENT, LP New +320,000+320.0k
Periscope Capital Inc. Added +298,036+298.0k
JANUS HENDERSON GROUP PLC Added +285,155+285.2k
Polar Asset Management Partners Inc. Added +84,600+84.6k
RPO LLC New +76,907+76.9k
OMERS ADMINISTRATION Corp New +40,000+40.0k
BOOTHBAY FUND MANAGEMENT, LLC Added +25,053+25.1k

Biggest sellers

Parallax Volatility Advisers, L.P. Sold out -421,744-421.7k
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) Sold out -233,953-234.0k
Cohanzick Management, LLC Sold out -162,598-162.6k
BASSO CAPITAL MANAGEMENT, L.P. Sold out -149,731-149.7k
CANTOR FITZGERALD, L. P. Reduced -84,600-84.6k
Virtu Financial LLC Sold out -51,902-51.9k
RiverPark Advisors, LLC Sold out -50,000-50.0k
WOLVERINE ASSET MANAGEMENT LLC Reduced -39,752-39.8k
Tuttle Capital Management, LLC Reduced -18,219-18.2k
Karpus Management, Inc. Reduced -8,500-8.5k

Biggest calls

Paloma Partners Management Co Unchanged $268.0k26.2k 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Oaktree Value Equity Fund, L.P. 13D · may seek influence +1.4 pts · filed 2025-03-11
Stated purposeItem 4 to the Schedule 13D is hereby amended to incorporate the following at the end thereof and the information set forth in Item 3 and Item 6, each as amended by this Amendment No. 1, is hereby incorporated by reference in its entirety. Binding Letter of Intent in Respect of Recapitalization Transaction On March 7, 2025, the Issuer entered into a binding letter of intent (the "Letter of Intent") with OCM with respect to a recapitalization of the Issuer. The Letter of Intent provides, among other things, that: (i) the Issuer will issue a number of Class A Shares to the Oaktree Lenders such that the Oaktree Lenders will hold 85%, and existing stockholders will hold 15% of the Issuer's Common Stock following the closing of recapitalization transaction, all subject to dilution from Common … Full filing
 8.6% +1.4 pts 3.9m 2025-03-11

Holders, Q4 2022

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.72% of their portfolio NEW YORK, NY 2,278,4482.3m $23.3m $23.3m 0.72% Reduced -483 -483
2 Saba Capital Management, L.P. 0.27% of their portfolio NEW YORK, NY 1,569,1871.6m $16.0m $16.0m 0.27% Unchanged
3 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 1,183,2911.2m $12.1m $12.1m 0.03% Unchanged
4 First Trust Capital Management L.P. 0.63% of their portfolio CHICAGO, IL 1,153,7001.2m $11.8m $11.8m 0.63% Unchanged
5 Calamos Advisors LLC 0.05% of their portfolio NAPERVILLE, IL 1,000,0001.0m $10.2m $10.2m 0.05% New
6 AQR Arbitrage LLC 0.24% of their portfolio Greenwich, CT 914,979915.0k $9.3m $9.3m 0.24% Unchanged
7 Starboard Value LP 0.15% of their portfolio New York, NY 750,000750.0k $7.7m $7.7m 0.15% Unchanged
8 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 700,000700.0k $7.1m $7.1m 0.02% Unchanged
9 Periscope Capital Inc. 0.29% of their portfolio Toronto, A6 648,853648.9k $6.6m $6.6m 0.29% Added +298.0k +298,036
10 BOOTHBAY FUND MANAGEMENT, LLC 0.20% of their portfolio NEW YORK, NY 625,379625.4k $6.4m $6.4m 0.20% Added +25.1k +25,053
11 Castle Creek Arbitrage, LLC 0.54% of their portfolio AVON, CO 600,300600.3k $6.1m $6.1m 0.54% Added +400.0k +400,000
12 Alberta Investment Management Corp 0.05% of their portfolio EDMONTON, A0 600,000600.0k $6.1m $6.1m 0.05% Unchanged
13 ATW SPAC MANAGEMENT LLC 1.43% of their portfolio NEW YORK, NY 600,000600.0k $6.1m $6.1m 1.43% Unchanged
14 Polar Asset Management Partners Inc. 0.08% of their portfolio TORONTO, A6 559,600559.6k $5.7m $5.7m 0.08% Added +84.6k +84,600
15 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 550,000550.0k $5.6m $5.6m 0.01% Unchanged
16 LMR Partners LLP 0.10% of their portfolio LONDON, X0 500,000500.0k $5.1m $5.1m 0.10% New
17 Davidson Kempner Capital Management LP 0.11% of their portfolio New York, NY 500,000500.0k $5.1m $5.1m 0.11% Unchanged
18 KIM, LLC 0.28% of their portfolio WICHITA, KS 500,000500.0k $5.1m $5.1m 0.28% Unchanged
19 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 485,155485.2k $5.0m $5.0m 0.00% Added +285.2k +285,155
20 WOLVERINE ASSET MANAGEMENT LLC 0.08% of their portfolio CHICAGO, IL 481,320481.3k $4.9m $4.9m 0.08% Reduced -39.8k -39,752
21 Hudson Bay Capital Management LP 0.06% of their portfolio STAMFORD, CT 475,000475.0k $4.8m $4.8m 0.06% Unchanged
22 683 Capital Management, LLC 0.41% of their portfolio NEW YORK, NY 450,000450.0k $4.6m $4.6m 0.41% Unchanged
23 CAPSTONE INVESTMENT ADVISORS, LLC 0.12% of their portfolio NEW YORK, NY 440,000440.0k $4.5m $4.5m 0.12% Unchanged
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 415,715415.7k $4.2m $4.2m 0.00% Unchanged
25 Magnetar Financial LLC 0.07% of their portfolio EVANSTON, IL 405,698405.7k $4.1m $4.1m 0.07% Unchanged
26 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 400,000400.0k $4.1m $4.1m 0.01% Unchanged
27 DIFESA CAPITAL MANAGEMENT, LP 2.54% of their portfolio New York, NY 320,000320.0k $3.3m $3.3m 2.54% New
28 FIR TREE CAPITAL MANAGEMENT LP 0.17% of their portfolio New York, NY 318,234318.2k $3.2m $3.2m 0.17% Reduced -6.8k -6,766
29 Sculptor Capital LP 0.06% of their portfolio New York, NY 305,366305.4k $3.1m $3.1m 0.06% Unchanged
30 OAKTREE CAPITAL MANAGEMENT LP 0.02% of their portfolio LOS ANGELES, CA 200,000200.0k $2.0m $2.0m 0.02% Unchanged
31 Balyasny Asset Management L.P. 0.01% of their portfolio Chicago, IL 194,369194.4k $2.0m $2.0m 0.01% Unchanged
32 Karpus Management, Inc. 0.06% of their portfolio Pittsford, NY 175,225175.2k $1.8m $1.8m 0.06% Reduced -8.5k -8,500
33 PICTON MAHONEY ASSET MANAGEMENT 0.07% of their portfolio Toronto, A6 130,000130.0k $1.3m $1.3m 0.07% Unchanged
34 Exos TFP Holdings LLC 0.34% of their portfolio NEW YORK, NY 119,231119.2k $1.2m $1.2m 0.34% Reduced -338 -338
35 Atalaya Capital Management LP 0.18% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.18% Unchanged
36 Crystalline Management Inc. 0.51% of their portfolio Montreal, Quebec, Z4 100,000100.0k $1.0m $1.0m 0.51% First filing
37 SONA ASSET MANAGEMENT (US) LLC 0.29% of their portfolio NEW YORK, NY 97,50097.5k $995.5k $995.5k 0.29% Unchanged
38 RPO LLC 0.31% of their portfolio Stamford, CT 76,90776.9k $785.2k $785.2k 0.31% New
39 DELTEC ASSET MANAGEMENT LLC 0.19% of their portfolio New York, NY 65,00065.0k $663.6k $663.6k 0.19% Unchanged
40 Vestcor Inc 0.02% of their portfolio FREDERICTON, A3 60,00060.0k $613.0k $613.0k 0.02% Unchanged
41 WHITEBOX ADVISORS LLC 0.02% of their portfolio MINNEAPOLIS, MN 55,00055.0k $561.5k $561.5k 0.02% Unchanged
42 Paloma Partners Management Co 0.12% of their portfolio GREENWICH, CT 52,50052.5k $536.0k $536.0k 0.12% Unchanged
43 GLAZER CAPITAL, LLC 0.01% of their portfolio New York, NY 45,32045.3k $463.0k $463.0k 0.01% Added +7.1k +7,133
44 OMERS ADMINISTRATION Corp 0.01% of their portfolio TORONTO, A6 40,00040.0k $408.4k $408.4k 0.01% New
45 Centiva Capital, LP 0.03% of their portfolio New York, NY 38,86338.9k $396.8k $396.8k 0.03% Unchanged
46 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.06% of their portfolio Englewood, NJ 37,08937.1k $378.7k $378.7k 0.06% Unchanged
47 CANTOR FITZGERALD, L. P. 0.01% of their portfolio NEW YORK, NY 30,00030.0k $306.0k $306.0k 0.01% Reduced -84.6k -84,600
48 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 26,10026.1k $266.5k $266.5k 0.00% Added +2.3k +2,300
49 Crestline Management, L.P. 0.04% of their portfolio FORT WORTH, TX 24,34124.3k $248.5k $248.5k 0.04% New
50 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio HARRISBURG, PA 22,27722.3k $227.0k $227.0k 0.00% New
51 Tuttle Capital Management, LLC 0.88% of their portfolio RIVERSIDE, CT 21,72821.7k $221.8k $221.8k 0.88% Reduced -18.2k -18,219
52 Sage Rock Capital Management LP 0.07% of their portfolio NEW YORK, NY 21,00021.0k $214.4k $214.4k 0.07% Unchanged
53 Ergoteles LLC 0.01% of their portfolio NEW YORK, NY 18,50018.5k $188.9k $188.9k 0.01% New
54 Warberg Asset Management LLC 0.05% of their portfolio WINNETKA, IL 15,00015.0k $153.2k $153.2k 0.05% Unchanged
55 CAAS CAPITAL MANAGEMENT LP 0.03% of their portfolio NEW YORK, NY 14,40014.4k $147.0k $147.0k 0.03% New
56 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 10,27410.3k $104.9k $104.9k 0.00% New
57 Elequin Capital, LP 0.02% of their portfolio NEW YORK, NY 7,1357.1k $72.8k $72.8k 0.02% Added +6.1k +6,135
58 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,2201.2k $12.5k $12.5k 0.00% Added +20 +20
59 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged