BOREALIS FOODS INC BRLSW
*W EXP 02/07/202 · Equity WRT · CUSIP 09973D113
- SectorConsumer staples
- IndustryFood and Kindred Products
- 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 ≈ $0.03. Options: 1 managers hold calls ($4.0k notional), 0 hold puts (—).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2023 | 0 |
| Q1 2024 | 28 |
| Q2 2024 | 27 |
| Q3 2024 | 25 |
| Q4 2024 | 20 |
| Q1 2025 | 21 |
| Q2 2025 | 20 |
| Q3 2025 | 19 |
| Q4 2025 | 19 |
| Q1 2026 | 20 |
| Q2 2026 | 20 |
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 2024 | 5 | 8 |
| Q4 2024 | 2 | 7 |
| Q1 2025 | 3 | 3 |
| Q2 2025 | 1 | 4 |
| Q3 2025 | 0 | 3 |
| Q4 2025 | 4 | 3 |
| Q1 2026 | 3 | 2 |
| Q2 2026 | 1 | 3 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $121.8k | $0 | 0.00 |
| Q4 2025 | $4.3k | $0 | 0.00 |
| Q1 2026 | $6.7k | $0 | 0.00 |
| Q2 2026 | $4.0k | $0 | 0.00 |
Biggest buyers
| TWO SIGMA SECURITIES, LLC | Added | +4.8k |
Biggest sellers
| Hartree Partners, LP | Reduced | -76.4k |
| Ionic Capital Management LLC | Reduced | -25.6k |
| Clear Street Group Inc. | Reduced | -200 |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Unchanged | $4.0k85.8k 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 since 1 Apr 2026
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.
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Hartree Partners, LP 0.00% of their portfolio | 1.4m $0 | Reduced -76.4k |
| ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio | 841.0k $39.4k | Unchanged |
| Clear Street Group Inc. 0.00% of their portfolio | 670.1k $31.5k | Reduced -200 |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 300.0k $10.5k | Unchanged |
| Yakira Capital Management, Inc. 0.00% of their portfolio | 241.5k $11.3k | Unchanged |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio | 235.8k $11.1k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 226.1k $10.6k | Unchanged |
| Q Global Advisors, LLC 0.01% of their portfolio | 224.7k $11.0k | Unchanged |
| 683 Capital Management, LLC 0.00% of their portfolio | 200.0k $9.4k | Unchanged |
| Saba Capital Management, L.P. 0.00% of their portfolio | 166.9k $7.8k | Unchanged |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 148.8k $7.0k | Unchanged |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 100.0k $2.6k | Unchanged |
| Context Capital Management, LLC 0.00% of their portfolio | 75.3k $3.5k | Unchanged |
| PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio | 75.0k $2.6k | Unchanged |
| O'Connor Alternative Investments LLC 0.00% of their portfolio | 70.0k $3.3k | Unchanged |
| TWO SIGMA SECURITIES, LLC 0.00% of their portfolio | 45.2k $1.7k | Added +4.8k |
| Ionic Capital Management LLC 0.00% of their portfolio | 44.4k $2.1k | Reduced -25.6k |
| MARINER INVESTMENT GROUP LLC 0.00% of their portfolio | 23.3k $1.1k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 5.1k $190 | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 274 $15 | Unchanged |