Vault-13

BANYAN ACQUISITION CORPORATI PNSTQ

CL A COM · Common Stock · CUSIP 06690B107

25 institutional holders -35 vs Q1 2023
3,626,6843.6m shares reported held*
$37.6mreported value*
15 new 4 added 2 reduced 49 sold out net sold ≈ $193.1m (-18.6m 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 ≈ $10.36. Options: 2 managers hold calls ($4.4m notional), 0 hold puts (—).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 54Q4 22: 59Q1 23: 60Q2 23: 2525Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202254
Q4 202259
Q1 202360
Q2 202325

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 19 bought or addedQ4 22: 13 cut or sold outQ4 22Q1 23: 13 bought or addedQ1 23: 19 cut or sold outQ1 23Q2 23: 19 bought or addedQ2 23: 51 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221913
Q1 20231319
Q2 20231951

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 22 calls: $262.0kQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $268.0kQ4 22 puts: $0Q4 22P/C 0.00Q1 23 calls: $273.0kQ1 23 puts: $0Q1 23P/C 0.00Q2 23 calls: $4.4mQ2 23 puts: $0Q2 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2022$262.0k$00.00
Q4 2022$268.0k$00.00
Q1 2023$273.0k$00.00
Q2 2023$4.4m$00.00

Biggest buyers

COOPERMAN LEON G New +275,295+275.3k
Quarry LP New +258,679+258.7k
Walleye Capital LLC New +256,000+256.0k
Exos TFP Holdings LLC Added +217,352+217.4k
Radcliffe Capital Management, L.P. New +200,000+200.0k
Walleye Trading LLC New +144,000+144.0k
BERKLEY W R CORP New +99,430+99.4k
FIR TREE CAPITAL MANAGEMENT LP Added +81,766+81.8k
LEVIN CAPITAL STRATEGIES, L.P. New +76,088+76.1k
ROBINSON CAPITAL MANAGEMENT, LLC New +62,250+62.2k

Biggest sellers

HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -2,076,734-2.1m
Saba Capital Management, L.P. Sold out -1,569,187-1.6m
Periscope Capital Inc. Sold out -1,212,952-1.2m
MARSHALL WACE, LLP Sold out -1,183,291-1.2m
First Trust Capital Management L.P. Sold out -1,153,700-1.2m
Calamos Advisors LLC Sold out -1,000,000-1.0m
Hudson Bay Capital Management LP Sold out -950,000-950.0k
Starboard Value LP Sold out -750,000-750.0k
TWO SIGMA INVESTMENTS, LP Sold out -700,000-700.0k
Westchester Capital Management, LLC Sold out -628,003-628.0k

Biggest calls

Sandia Investment Management LP New $4.2m400.0k shares
Paloma Partners Management Co Unchanged $273.0k26.2k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Polar Asset Management Partners Inc. 0.12% of their portfolio TORONTO, A6 559,600559.6k $5.8m $5.8m 0.12% Unchanged
2 FIR TREE CAPITAL MANAGEMENT LP 0.41% of their portfolio New York, NY 400,000400.0k $4.2m $4.2m 0.41% Added +81.8k +81,766
3 AQR Arbitrage LLC 0.18% of their portfolio Greenwich, CT 400,000400.0k $4.2m $4.2m 0.18% Reduced -560.2k -560,223
4 Exos TFP Holdings LLC 1.75% of their portfolio NEW YORK, NY 341,289341.3k $3.5m $3.5m 1.75% Added +217.4k +217,352
5 COOPERMAN LEON G 0.16% of their portfolio BOCA RATON, FL 275,295275.3k $2.9m $2.9m 0.16% New
6 Quarry LP 1.74% of their portfolio NEW YORK, NY 258,679258.7k $2.7m $2.7m 1.74% New
7 Walleye Capital LLC 0.05% of their portfolio NEW YORK, NY 256,000256.0k $2.7m $2.7m 0.05% New
8 Radcliffe Capital Management, L.P. 0.18% of their portfolio BALA CYNWYD, PA 200,000200.0k $2.1m $2.1m 0.18% New
9 Walleye Trading LLC 0.08% of their portfolio NEW YORK, NY 144,000144.0k $1.5m $1.5m 0.08% New
10 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.06% Reduced -2.1m -2,076,734
11 BERKLEY W R CORP 0.06% of their portfolio Greenwich, CT 99,43099.4k $1.0m $1.0m 0.06% New
12 Kepos Capital LP 0.16% of their portfolio NEW YORK, NY 86,50086.5k $900.0k $900.0k 0.16% First filing
13 Centiva Capital, LP 0.04% of their portfolio New York, NY 76,10076.1k $791.4k $791.4k 0.04% Added +37.2k +37,237
14 LEVIN CAPITAL STRATEGIES, L.P. 0.09% of their portfolio NEW YORK, NY 76,08876.1k $790.9k $790.9k 0.09% New
15 ROBINSON CAPITAL MANAGEMENT, LLC 0.29% of their portfolio GROSSE POINTE FARMS, MI 62,25062.2k $647.4k $647.4k 0.29% New
16 CSS LLC/IL 0.05% of their portfolio CHICAGO, IL 57,89257.9k $602.1k $602.1k 0.05% New
17 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 50,00050.0k $520.0k $520.0k 0.00% New
18 Tidal Investments LLC 0.02% of their portfolio Milwaukee, WI 50,00050.0k $521.0k $521.0k 0.02% New
19 Tuttle Capital Management, LLC 1.12% of their portfolio RIVERSIDE, CT 38,44438.4k $236.0k $236.0k 1.12% Unchanged
20 COWEN AND COMPANY, LLC 0.03% of their portfolio NEW YORK, NY 29,30929.3k $304.8k $304.8k 0.03% New
21 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 25,90025.9k $269.1k $269.1k 0.00% Added +3.0k +3,000
22 Sea Otter Advisors LLC 0.14% of their portfolio Miami, FL 17,13517.1k $178.2k $178.2k 0.14% New
23 K2 PRINCIPAL FUND, L.P. 0.04% of their portfolio TORONTO, A6 12,62012.6k $131.1k $131.1k 0.04% New
24 Virtu Financial LLC 0.01% of their portfolio New York, NY 10,15310.2k $106.0k $106.0k 0.01% New
25 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged