Vault-13

CHURCHILL CAPITAL CORP VII

COM CL A · CUSIP 17144M102

50 institutional holders -2 vs Q1 2024
52,732,41652.7m shares reported held*
$566.7mreported value*
5 new 7 added 9 reduced 7 sold out net sold ≈ $32.2m (-2.9m 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 ≈ $10.75. Options: 4 managers hold calls ($62.8k notional), 4 hold puts ($204.2k).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 147Q4 22: 135Q1 23: 119Q2 23: 64Q3 23: 62Q4 23: 59Q1 24: 52Q2 24: 5050Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 2022147
Q4 2022135
Q1 2023119
Q2 202364
Q3 202362
Q4 202359
Q1 202452
Q2 202450

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 37 bought or addedQ4 22: 48 cut or sold outQ4 22Q1 23: 38 bought or addedQ1 23: 44 cut or sold outQ2 23: 16 bought or addedQ2 23: 96 cut or sold outQ2 23Q3 23: 20 bought or addedQ3 23: 23 cut or sold outQ4 23: 19 bought or addedQ4 23: 26 cut or sold outQ4 23Q1 24: 16 bought or addedQ1 24: 36 cut or sold outQ2 24: 12 bought or addedQ2 24: 16 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223748
Q1 20233844
Q2 20231696
Q3 20232023
Q4 20231926
Q1 20241636
Q2 20241216

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ3 23 calls: $407.7kQ3 23 puts: $12.0kQ3 23P/C 0.03Q4 23 calls: $0Q4 23 puts: $7.0kQ4 23P/C —Q1 24 calls: $236.1kQ1 24 puts: $173.3kQ1 24P/C 0.73Q2 24 calls: $62.8kQ2 24 puts: $204.2kQ2 24P/C 3.25
Numbers
QuarterCallsPutsP/C
Q3 2023$407.7k$12.0k0.03
Q4 2023$0$7.0k—
Q1 2024$236.1k$173.3k0.73
Q2 2024$62.8k$204.2k3.25

Biggest buyers

Quarry LP Added +650,788+650.8k
Westchester Capital Management, LLC Added +507,975+508.0k
BERKLEY W R CORP Added +501,710+501.7k
Meteora Capital, LLC Added +128,227+128.2k
Centiva Capital, LP Added +75,000+75.0k
WOLVERINE ASSET MANAGEMENT LLC New +37,302+37.3k
Virtu Financial LLC New +32,755+32.8k
BANK OF AMERICA CORP /DE/ New +25,000+25.0k
CITADEL ADVISORS LLC New +14,617+14.6k
GROUP ONE TRADING LLC Added +3,948+3.9k

Biggest sellers

COWEN AND COMPANY, LLC Reduced -2,512,840-2.5m
MIZUHO SECURITIES USA LLC Sold out -523,200-523.2k
Verition Fund Management LLC Sold out -424,061-424.1k
First Trust Capital Management L.P. Reduced -415,814-415.8k
DEUTSCHE BANK AG\ Sold out -171,429-171.4k
GABELLI & Co INVESTMENT ADVISERS, INC. Reduced -133,450-133.4k
GOLDMAN SACHS GROUP INC Sold out -132,975-133.0k
FIR TREE CAPITAL MANAGEMENT LP Sold out -123,675-123.7k
K2 PRINCIPAL FUND, L.P. Reduced -122,730-122.7k
GABELLI FUNDS LLC Reduced -116,550-116.5k

Biggest calls

SIMPLEX TRADING, LLC Reduced $38.0k3.6k shares
CITADEL ADVISORS LLC New $16.2k1.5k shares
GROUP ONE TRADING LLC Reduced $8.6k800 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

GROUP ONE TRADING LLC Added $123.9k11.5k shares
CITADEL ADVISORS LLC New $47.4k4.4k shares
SIMPLEX TRADING, LLC New $33.0k3.1k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

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 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Magnetar Financial LLC 1.87% of their portfolio EVANSTON, IL 8,306,0058.3m $89.5m $89.5m 1.87% Unchanged
2 Atlas Merchant Capital LLC 34.52% of their portfolio New York, NY 6,257,7186.3m $67.4m $67.4m 34.52% Unchanged
3 Westchester Capital Management, LLC 2.62% of their portfolio VALHALLA, NY 5,685,8335.7m $61.2m $61.2m 2.62% Added +508.0k +507,975
4 Meteora Capital, LLC 11.23% of their portfolio Boca Raton, FL 5,600,6195.6m $60.3m $60.3m 11.23% Added +128.2k +128,227
5 BERKLEY W R CORP 1.96% of their portfolio Greenwich, CT 3,253,1503.3m $35.0m $35.0m 1.96% Added +501.7k +501,710
6 First Trust Capital Management L.P. 2.58% of their portfolio CHICAGO, IL 2,631,0602.6m $28.3m $28.3m 2.58% Reduced -415.8k -415,814
7 MMCAP International Inc. SPC 3.21% of their portfolio GRAND CAYMAN, E9 2,146,0002.1m $23.1m $23.1m 3.21% Unchanged
8 Empyrean Capital Partners, LP 1.25% of their portfolio LOS ANGELES, CA 1,912,3221.9m $20.6m $20.6m 1.25% Unchanged
9 PICTON MAHONEY ASSET MANAGEMENT 0.87% of their portfolio Toronto, A6 1,900,0001.9m $20.5m $20.5m 0.87% Unchanged
10 Alberta Investment Management Corp 0.19% of their portfolio EDMONTON, A0 1,654,8551.7m $17.8m $17.8m 0.19% Unchanged
11 MOORE CAPITAL MANAGEMENT, LP 0.35% of their portfolio NEW YORK, NY 1,500,0001.5m $16.2m $16.2m 0.35% Unchanged
12 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 1,084,1961.1m $11.7m $11.7m 0.01% Unchanged
13 ARISTEIA CAPITAL, L.L.C. 0.40% of their portfolio GREENWICH, CT 1,000,0001.0m $10.8m $10.8m 0.40% Unchanged
14 Centiva Capital, LP 0.44% of their portfolio New York, NY 837,960838.0k $9.0m $9.0m 0.44% Added +75.0k +75,000
15 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 700,000700.0k $7.5m $7.5m 0.01% Unchanged
16 Quarry LP 1.29% of their portfolio NEW YORK, NY 687,361687.4k $6.2m $6.2m 1.29% Added +650.8k +650,788
17 Hudson Bay Capital Management LP 0.05% of their portfolio STAMFORD, CT 650,401650.4k $7.0m $7.0m 0.05% Unchanged
18 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.19% of their portfolio CHICAGO, IL 635,761635.8k $6.8m $6.8m 0.19% Unchanged
19 KIM, LLC 0.70% of their portfolio WICHITA, KS 600,000600.0k $6.5m $6.5m 0.70% Unchanged
20 BOOTHBAY FUND MANAGEMENT, LLC 0.19% of their portfolio NEW YORK, NY 565,127565.1k $6.1m $6.1m 0.19% Unchanged
21 Walleye Capital LLC 0.06% of their portfolio NEW YORK, NY 551,810551.8k $5.9m $5.9m 0.06% Unchanged
22 AQR Arbitrage LLC 0.14% of their portfolio Greenwich, CT 500,000500.0k $5.4m $5.4m 0.14% Unchanged
23 Mint Tower Capital Management B.V. 2.13% of their portfolio AMSTERDAM, P7 500,000500.0k $5.4m $5.4m 2.13% Unchanged
24 Karpus Management, Inc. 0.15% of their portfolio Pittsford, NY 489,450489.4k $5.3m $5.3m 0.15% Reduced -14.2k -14,150
25 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.21% of their portfolio WEST PALM BEACH, FL 407,500407.5k $4.4m $4.4m 0.21% Unchanged
26 Flow State Investments, L.P. 1.21% of their portfolio CHICAGO, IL 353,800353.8k $3.8m $3.8m 1.21% Unchanged
27 Periscope Capital Inc. 1.37% of their portfolio Toronto, A6 350,000350.0k $3.8m $3.8m 1.37% Reduced -75.0k -75,000
28 Walleye Trading LLC 0.06% of their portfolio NEW YORK, NY 272,554272.6k $2.9m $2.9m 0.06% Unchanged
29 Sage Rock Capital Management LP 10.29% of their portfolio NEW YORK, NY 255,000255.0k $2.7m $2.7m 10.29% Unchanged
30 ATW SPAC MANAGEMENT LLC 2.64% of their portfolio NEW YORK, NY 200,000200.0k $2.2m $2.2m 2.64% Unchanged
31 Sandia Investment Management LP 2.64% of their portfolio BOSTON, MA 194,971195.0k $2.1m $2.1m 2.64% Unchanged
32 COWEN AND COMPANY, LLC 0.04% of their portfolio NEW YORK, NY 139,344139.3k $1.5m $1.5m 0.04% Reduced -2.5m -2,512,840
33 GABELLI & Co INVESTMENT ADVISERS, INC. 0.24% of their portfolio Rye, NY 134,848134.8k $1.5m $1.5m 0.24% Reduced -133.4k -133,450
34 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 121,965122.0k $1.3m $1.3m 0.00% Reduced -6.2k -6,235
35 K2 PRINCIPAL FUND, L.P. 0.27% of their portfolio TORONTO, A6 114,210114.2k $1.2m $1.2m 0.27% Reduced -122.7k -122,730
36 GABELLI FUNDS LLC 0.01% of their portfolio Rye, NY 112,881112.9k $1.2m $1.2m 0.01% Reduced -116.5k -116,550
37 DELTEC ASSET MANAGEMENT LLC 0.23% of their portfolio New York, NY 110,000110.0k $1.2m $1.2m 0.23% Unchanged
38 BlackRock Inc. 0.00% of their portfolio New York, NY 100,000100.0k $1.1m $1.1m 0.00% Unchanged
39 Dakota Wealth Management 0.01% of their portfolio PALM BEACH GARDENS, FL 40,50040.5k $436.2k $436.2k 0.01% Unchanged
40 WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio CHICAGO, IL 37,30237.3k $401.7k $401.7k 0.01% New
41 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 36,48236.5k $392.9k $392.9k 0.00% Reduced -6.3k -6,315
42 Virtu Financial LLC 0.02% of their portfolio New York, NY 32,75532.8k $353.0k $353.0k 0.02% New
43 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 25,00025.0k $269.2k $269.2k 0.00% New
44 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 22,93622.9k $247.0k $247.0k 0.00% Unchanged
45 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 14,61714.6k $157.4k $157.4k 0.00% New
46 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 4,0484.0k $43.6k $43.6k 0.00% Added +3.9k +3,948
47 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 2,0512.1k $22.1k $22.1k 0.00% Added +1.0k +1,010
48 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 2222 $236 $236 0.00% Unchanged
49 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 22 $0 $0 0.00% New
50 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged