Vault-13

BEARD ENERGY TRANSITION ACQ

CL A COM · CUSIP 07402Q101

27 institutional holders -44 vs Q1 2023
6,532,7516.5m shares reported held*
$68.4mreported value*
7 new 4 added 9 reduced 49 sold out net sold ≈ $167.0m (-15.9m 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. Holder counts are more reliable. Implied quarter-end price ≈ $10.47.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 56Q4 22: 63Q1 23: 71Q2 23: 2727Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202256
Q4 202263
Q1 202371
Q2 202327

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: 24 bought or addedQ1 23: 13 cut or sold outQ1 23Q2 23: 11 bought or addedQ2 23: 58 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221913
Q1 20232413
Q2 20231158

Biggest buyers

Spartan Fund Management Inc. Added +727,459+727.5k
Westchester Capital Management, LLC New +657,042+657.0k
FIR TREE CAPITAL MANAGEMENT LP Added +600,818+600.8k
WOLVERINE ASSET MANAGEMENT LLC New +416,236+416.2k
MIZUHO SECURITIES USA LLC New +159,562+159.6k
BANK OF MONTREAL /CAN/ New +33,193+33.2k
Walleye Capital LLC Added +32,027+32.0k
Flow State Investments, L.P. New +25,000+25.0k
LEVIN CAPITAL STRATEGIES, L.P. New +20,000+20.0k
Walleye Trading LLC Added +18,016+18.0k

Biggest sellers

Saba Capital Management, L.P. Reduced -1,436,029-1.4m
ADAGE CAPITAL PARTNERS GP, L.L.C. Sold out -1,250,000-1.2m
Sculptor Capital LP Sold out -1,073,689-1.1m
CANTOR FITZGERALD, L. P. Sold out -1,045,421-1.0m
MARSHALL WACE, LLP Sold out -950,000-950.0k
Cinctive Capital Management LP Sold out -620,215-620.2k
Davidson Kempner Capital Management LP Sold out -600,000-600.0k
Verition Fund Management LLC Sold out -597,900-597.9k
Periscope Capital Inc. Reduced -569,979-570.0k
Magnetar Financial LLC Sold out -550,796-550.8k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Spartan Fund Management Inc. 2.20% of their portfolio TORONTO, ONTARIO, Z4 862,459862.5k $9.1m $9.1m 2.20% Added +727.5k +727,459
2 FIR TREE CAPITAL MANAGEMENT LP 0.72% of their portfolio New York, NY 697,961698.0k $7.3m $7.3m 0.72% Added +600.8k +600,818
3 Westchester Capital Management, LLC 0.24% of their portfolio VALHALLA, NY 657,042657.0k $6.9m $6.9m 0.24% New
4 Alberta Investment Management Corp 0.07% of their portfolio EDMONTON, A0 650,000650.0k $6.8m $6.8m 0.07% Unchanged
5 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.10% of their portfolio CHICAGO, IL 475,816475.8k $4.9m $4.9m 0.10% Reduced -10.7k -10,725
6 WOLVERINE ASSET MANAGEMENT LLC 0.08% of their portfolio CHICAGO, IL 416,236416.2k $4.4m $4.4m 0.08% New
7 ARISTEIA CAPITAL, L.L.C. 0.13% of their portfolio GREENWICH, CT 350,000350.0k $3.7m $3.7m 0.13% Unchanged
8 Saba Capital Management, L.P. 0.12% of their portfolio NEW YORK, NY 343,831343.8k $3.6m $3.6m 0.12% Reduced -1.4m -1,436,029
9 Linden Advisors LP 0.03% of their portfolio New York, NY 300,000300.0k $3.2m $3.2m 0.03% Unchanged
10 Periscope Capital Inc. 0.21% of their portfolio Toronto, A6 250,000250.0k $2.6m $2.6m 0.21% Reduced -570.0k -569,979
11 Shaolin Capital Management LLC 0.24% of their portfolio Miami, FL 250,000250.0k $2.6m $2.6m 0.24% Reduced -550.0k -550,000
12 AQR Arbitrage LLC 0.11% of their portfolio Greenwich, CT 249,737249.7k $2.6m $2.6m 0.11% Reduced -317.6k -317,610
13 Hudson Bay Capital Management LP 0.02% of their portfolio STAMFORD, CT 225,000225.0k $2.4m $2.4m 0.02% Reduced -225.0k -225,000
14 KIM, LLC 0.20% of their portfolio WICHITA, KS 225,000225.0k $2.4m $2.4m 0.20% Reduced -500.0k -500,000
15 MIZUHO SECURITIES USA LLC 0.06% of their portfolio NEW YORK, NY 159,562159.6k $1.7m $1.7m 0.06% New
16 Walleye Capital LLC 0.02% of their portfolio NEW YORK, NY 96,02596.0k $1.0m $1.0m 0.02% Added +32.0k +32,027
17 ADVISORY RESEARCH INC 0.13% of their portfolio CHICAGO, IL 92,77092.8k $975.0k $975.0k 0.13% Unchanged
18 Walleye Trading LLC 0.03% of their portfolio NEW YORK, NY 54,01554.0k $567.7k $567.7k 0.03% Added +18.0k +18,016
19 Karpus Management, Inc. 0.01% of their portfolio Pittsford, NY 41,97542.0k $441.2k $441.2k 0.01% Unchanged
20 BERKLEY W R CORP 0.02% of their portfolio Greenwich, CT 34,61834.6k $363.8k $363.8k 0.02% Unchanged
21 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 33,19333.2k $358.8k $358.8k 0.00% New
22 Flow State Investments, L.P. 0.11% of their portfolio CHICAGO, IL 25,00025.0k $262.8k $262.8k 0.11% New
23 LEVIN CAPITAL STRATEGIES, L.P. 0.02% of their portfolio NEW YORK, NY 20,00020.0k $210.2k $210.2k 0.02% New
24 Weiss Multi-Strategy Advisers LLC 0.00% of their portfolio NEW YORK, NY 19,35219.4k $1.0k $1.0k 0.00% Reduced -648 -648
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3,1463.1k $33.1k $33.1k 0.00% Reduced -112 -112
26 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 1313 $137 $137 0.00% New
27 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged