BENEFICIENT BENFW
*W EXP 06/07/202 · Equity WRT · CUSIP 08178Q119
- SectorFinancials
- IndustryFinance Services
- HeadquartersDallas, TX
- FilingsSEC EDGAR
* 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 ≈ $0.01. Options: 1 managers hold calls ($493 notional), 0 hold puts (—).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2023 | 35 |
| Q3 2023 | 32 |
| Q4 2023 | 30 |
| Q1 2024 | 30 |
| Q2 2024 | 26 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 2 | 12 |
| Q4 2023 | 6 | 11 |
| Q1 2024 | 3 | 1 |
| Q2 2024 | 3 | 11 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $561.7k | $0 | 0.00 |
| Q4 2023 | $93.9k | $0 | 0.00 |
| Q1 2024 | $790.8k | $0 | 0.00 |
| Q2 2024 | $493 | $0 | 0.00 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +403.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +15.1k |
| TWO SIGMA SECURITIES, LLC | New | +12.7k |
Biggest sellers
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Sold out | -3.1m |
| COWEN AND COMPANY, LLC | Sold out | -350.0k |
| CVI Holdings, LLC | Reduced | -340.4k |
| Q Global Advisors, LLC | Sold out | -189.5k |
| CLEAR STREET LLC | Sold out | -170.6k |
| Warberg Asset Management LLC | Sold out | -104.4k |
| Periscope Capital Inc. | Reduced | -90.3k |
| Walleye Capital LLC | Reduced | -12.8k |
| UBS Group AG | Sold out | -10.8k |
| Walleye Trading LLC | Reduced | -7.2k |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Unchanged | $49367.5k 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.
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 0 | — | 0 | — | — |
| Q4 2023 | 0 | — | 0 | — | — |
| Q1 2024 | 1 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
None reported in Q2 2024.
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| CITADEL ADVISORS LLC 0.00% of their portfolio | 1.3m $9.6k | Added +403.3k |
| MMCAP International Inc. SPC 0.00% of their portfolio | 750.0k $5.5k | Unchanged |
| Yakira Capital Management, Inc. 0.00% of their portfolio | 750.0k $5.5k | Unchanged |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 562.5k $5.6k | Unchanged |
| LMR Partners LLP 0.00% of their portfolio | 487.5k $3.6k | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 379.7k $2.8k | Unchanged |
| Exos Asset Management LLC 0.00% of their portfolio | 366.8k $2.7k | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 300.0k $2.2k | Unchanged |
| Hudson Bay Capital Management LP 0.00% of their portfolio | 300.0k $2.2k | Unchanged |
| Context Capital Management, LLC 0.00% of their portfolio | 210.0k $1.5k | Unchanged |
| Calamos Advisors LLC 0.00% of their portfolio | 187.5k $1.4k | Unchanged |
| Periscope Capital Inc. 0.00% of their portfolio | 150.0k $1.1k | Reduced -90.3k |
| Walleye Capital LLC 0.00% of their portfolio | 115.0k $840 | Reduced -12.8k |
| Empyrean Capital Partners, LP 0.00% of their portfolio | 100.0k $730 | Unchanged |
| Crystalline Management Inc. 0.00% of their portfolio | 86.2k $630 | Unchanged |
| CVI Holdings, LLC 0.00% of their portfolio | 67.1k $490 | Reduced -340.4k |
| Walleye Trading LLC 0.00% of their portfolio | 64.7k $472 | Reduced -7.2k |
| Cruiser Capital Advisors, LLC 0.00% of their portfolio | 48.8k $356 | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 22.2k $162 | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 19.5k $142 | Unchanged |
| Ancora Advisors LLC 0.00% of their portfolio | 15.3k $111 | Reduced -1.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 15.1k $110 | New |
| TWO SIGMA SECURITIES, LLC 0.00% of their portfolio | 12.7k $93 | New |
| Ausdal Financial Partners, Inc. 0.00% of their portfolio | 10.0k $73 | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 77 $1 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |