BANYAN ACQUISITION CORPORATI PNSWQ
*W EXP 09/30/202 · Equity WRT · CUSIP 06690B115
46
institutional holders
+1 vs Q1 2023
8.5m
shares reported held*
$5.3mreported value*
7 new
3 added
8 reduced
5 sold out
net bought ≈ $12.6k (+181.4k 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 ≈ $0.63. Options: 2 managers hold calls ($2.3m notional), 0 hold puts (—).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 42 |
| Q4 2022 | 45 |
| Q1 2023 | 45 |
| Q2 2023 | 46 |
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 | 11 | 8 |
| Q1 2023 | 7 | 9 |
| Q2 2023 | 10 | 13 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $2.1m | $0 | 0.00 |
| Q4 2022 | $2.2m | $0 | 0.00 |
| Q1 2023 | $2.2m | $0 | 0.00 |
| Q2 2023 | $2.3m | $0 | 0.00 |
Biggest buyers
| Sandia Investment Management LP | New | +622.2k |
| Apollo Management Holdings, L.P. | New | +190.0k |
| Walleye Capital LLC | New | +147.7k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | New | +125.0k |
| Walleye Trading LLC | New | +83.1k |
| Sea Otter Advisors LLC | New | +50.0k |
| Diametric Capital, LP | Added | +47.0k |
| BOOTHBAY FUND MANAGEMENT, LLC | Added | +22.5k |
| Warberg Asset Management LLC | New | +12.2k |
| Flow State Investments, L.P. | Added | +2.7k |
Biggest sellers
| MANGROVE PARTNERS IM, LLC | Sold out | -396.4k |
| Hudson Bay Capital Management LP | Reduced | -196.8k |
| DIFESA CAPITAL MANAGEMENT, LP | Sold out | -160.0k |
| Parallax Volatility Advisers, L.P. | Reduced | -144.6k |
| PICTON MAHONEY ASSET MANAGEMENT | Sold out | -65.0k |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Reduced | -54.5k |
| COWEN AND COMPANY, LLC | Sold out | -51.7k |
| KIM, LLC | Reduced | -50.0k |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | -29.9k |
| CITADEL ADVISORS LLC | Sold out | -15.4k |
Biggest calls
| MARSHALL WACE, LLP | Unchanged | $2.2m212.5k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $60.5k275.0k 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 |
|---|---|---|
| Periscope Capital Inc. 0.02% of their portfolio | 936.4k $206.0k | Unchanged |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 825.2k $181.6k | Reduced -54.5k |
| Saba Capital Management, L.P. 0.00% of their portfolio | 705.3k $151.6k | Unchanged |
| Sandia Investment Management LP 0.04% of their portfolio | 622.2k $136.9k | New |
| AQR Arbitrage LLC 0.00% of their portfolio | 519.1k $114.2k | Reduced -3.5k |
| Calamos Advisors LLC 0.00% of their portfolio | 500.0k $110.0k | Unchanged |
| Shaolin Capital Management LLC 0.01% of their portfolio | 303.4k $67.0k | Unchanged |
| Alberta Investment Management Corp 0.00% of their portfolio | 300.0k $66.0k | Unchanged |
| Diametric Capital, LP 0.03% of their portfolio | 296.9k $65.3k | Added +47.0k |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 250.9k $55.2k | Reduced -29.9k |
| Ionic Capital Management LLC 0.02% of their portfolio | 250.0k $55.0k | Unchanged |
| LMR Partners LLP 0.00% of their portfolio | 250.0k $55.0k | Unchanged |
| Davidson Kempner Capital Management LP 0.00% of their portfolio | 250.0k $55.0k | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 249.8k $55.0k | Unchanged |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 239.4k $52.7k | Unchanged |
| 683 Capital Management, LLC 0.00% of their portfolio | 225.0k $49.5k | Unchanged |
| KIM, LLC 0.00% of their portfolio | 200.0k $44.0k | Reduced -50.0k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 200.0k $44.0k | Unchanged |
| Hudson Bay Capital Management LP 0.00% of their portfolio | 196.8k $43.3k | Reduced -196.8k |
| Castle Creek Arbitrage, LLC 0.01% of their portfolio | 192.8k $41.5k | Reduced -7.2k |
| Apollo Management Holdings, L.P. 0.00% of their portfolio | 190.0k $41.8k | New |
| BOOTHBAY FUND MANAGEMENT, LLC 0.06% of their portfolio | 172.5k $1.8m | Added +22.5k |
| Sculptor Capital LP 0.00% of their portfolio | 152.7k $32.8k | Unchanged |
| Eisler Capital (UK) Ltd. 0.16% of their portfolio | 150.0k $1.6m | Unchanged |
| ATW SPAC MANAGEMENT LLC 0.02% of their portfolio | 150.0k $33.0k | Unchanged |
| Walleye Capital LLC 0.00% of their portfolio | 147.7k $32.5k | New |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 125.0k $27.5k | New |
| Q Global Advisors, LLC 0.02% of their portfolio | 94.7k $21.0k | Unchanged |
| Walleye Trading LLC 0.00% of their portfolio | 83.1k $18.3k | New |
| Flow State Investments, L.P. 0.00% of their portfolio | 52.8k $11.6k | Added +2.7k |
| Parallax Volatility Advisers, L.P. 0.00% of their portfolio | 50.1k $11.0k | Reduced -144.6k |
| Atalaya Capital Management LP 0.01% of their portfolio | 50.0k $11.0k | Unchanged |
| FIFTH LANE CAPITAL, LP 0.01% of their portfolio | 50.0k $11.0k | Unchanged |
| Sea Otter Advisors LLC 0.01% of their portfolio | 50.0k $11.0k | New |
| SONA ASSET MANAGEMENT (US) LLC 0.00% of their portfolio | 48.8k $10.7k | Unchanged |
| Crystalline Management Inc. 0.01% of their portfolio | 35.0k $7.7k | Unchanged |
| Vestcor Inc 0.00% of their portfolio | 30.0k $7.0k | Unchanged |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 27.5k $6.0k | Unchanged |
| Radcliffe Capital Management, L.P. 0.00% of their portfolio | 24.5k $5.3k | Unchanged |
| Bracebridge Capital, LLC 0.00% of their portfolio | 22.5k $5.0k | Unchanged |
| III Capital Management 0.00% of their portfolio | 22.5k $4.8k | Unchanged |
| OMERS ADMINISTRATION Corp 0.00% of their portfolio | 20.0k $4.4k | Unchanged |
| Warberg Asset Management LLC 0.00% of their portfolio | 12.2k $2.7k | New |
| Sage Rock Capital Management LP 0.00% of their portfolio | 10.5k $2.3k | Unchanged |
| CLEAR STREET LLC 0.00% of their portfolio | 5.2k $1.1k | Reduced -423 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |