CONX CORP CNXXW
*W EXP 10/30/202 · Equity WRT · CUSIP 212873111
43
institutional holders
-4 vs Q2 2023
8.3m
shares reported held*
$1.5mreported value*
1 new
5 added
7 reduced
5 sold out
net sold ≈ $109.0k (-1.3m 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 ≈ $0.18. Options: 2 managers hold calls ($115.7k notional), 0 hold puts (—).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 44 |
| Q4 2022 | 47 |
| Q1 2023 | 49 |
| Q2 2023 | 47 |
| Q3 2023 | 43 |
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 | 13 | 15 |
| Q1 2023 | 13 | 10 |
| Q2 2023 | 12 | 14 |
| Q3 2023 | 6 | 12 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $3.6m | $0 | 0.00 |
| Q1 2023 | $3.5m | $0 | 0.00 |
| Q2 2023 | $2.2m | $0 | 0.00 |
| Q3 2023 | $115.7k | $0 | 0.00 |
Biggest buyers
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Added | +613.9k |
| Hudson Bay Capital Management LP | Added | +128.5k |
| COWEN AND COMPANY, LLC | Added | +76.4k |
| ARS Investment Partners, LLC | Added | +47.6k |
| SONA ASSET MANAGEMENT (US) LLC | Added | +36.5k |
| UBS Group AG | New | +129 |
Biggest sellers
| Potomac Capital Management, Inc. | Sold out | -1.4m |
| Lombard Odier Asset Management (USA) Corp | Sold out | -150.6k |
| Segantii Capital Management Ltd | Sold out | -25.0k |
| StoneX Group Inc. | Sold out | -24.0k |
| Radcliffe Capital Management, L.P. | Reduced | -17.5k |
| Flow State Investments, L.P. | Reduced | -7.6k |
| KIM, LLC | Reduced | -5.7k |
| Exos TFP Holdings LLC | Reduced | -4.1k |
| FLOW TRADERS U.S. LLC | Reduced | -1.9k |
| CLEAR STREET LLC | Reduced | -1.4k |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Unchanged | $113.8k758.6k shares |
| LITTLEJOHN & CO LLC | Unchanged | $1.9k12.5k 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.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 1.5m $225.0k | Added +613.9k |
| Apollo Management Holdings, L.P. 0.00% of their portfolio | 1.0m $150.0k | Unchanged |
| Jericho Capital Asset Management L.P. 0.01% of their portfolio | 1.0m $150.0k | Unchanged |
| Fort Baker Capital Management LP 0.01% of their portfolio | 808.4k $121.3k | Unchanged |
| ARS Investment Partners, LLC 0.01% of their portfolio | 546.0k $81.9k | Added +47.6k |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.00% of their portfolio | 460.2k $57.5k | Unchanged |
| RP Investment Advisors LP 14.99% of their portfolio | 425.8k $64.0k | Unchanged |
| Periscope Capital Inc. 0.01% of their portfolio | 393.0k $59.0k | Unchanged |
| MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio | 375.0k $56.2k | Unchanged |
| Exos TFP Holdings LLC 0.03% of their portfolio | 345.4k $51.8k | Reduced -4.1k |
| Davidson Kempner Capital Management LP 0.00% of their portfolio | 325.0k $32.5k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 296.5k $44.5k | Unchanged |
| GARNET EQUITY CAPITAL HOLDINGS, INC. 0.04% of their portfolio | 275.1k $41.3k | Unchanged |
| Hudson Bay Capital Management LP 0.00% of their portfolio | 256.9k $38.5k | Added +128.5k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 250.0k $37.5k | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 250.0k $37.5k | Unchanged |
| KIM, LLC 0.00% of their portfolio | 244.3k $36.6k | Reduced -5.7k |
| Flow State Investments, L.P. 0.01% of their portfolio | 142.3k $21.3k | Reduced -7.6k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 137.6k $20.6k | Reduced -293 |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 135.0k $20.2k | Unchanged |
| AQR Arbitrage LLC 0.00% of their portfolio | 125.0k $18.8k | Unchanged |
| SONA ASSET MANAGEMENT (US) LLC 0.00% of their portfolio | 104.2k $15.6k | Added +36.5k |
| COWEN AND COMPANY, LLC 0.00% of their portfolio | 101.8k $15.3k | Added +76.4k |
| Sea Otter Advisors LLC 0.01% of their portfolio | 91.6k $13.7k | Unchanged |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 62.5k $9.4k | Unchanged |
| Vestcor Inc 0.00% of their portfolio | 58.2k $9.0k | Unchanged |
| Radcliffe Capital Management, L.P. 0.00% of their portfolio | 57.6k $7.2k | Reduced -17.5k |
| Walleye Capital LLC 0.00% of their portfolio | 53.7k $8.1k | Unchanged |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 39.8k $6.0k | Unchanged |
| GABELLI & Co INVESTMENT ADVISERS, INC. 0.00% of their portfolio | 37.9k $5.7k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 37.5k $5.6k | Unchanged |
| HRT FINANCIAL LP 0.00% of their portfolio | 37.5k $5.0k | Unchanged |
| GABELLI FUNDS LLC 0.00% of their portfolio | 37.1k $5.6k | Unchanged |
| NINE MASTS CAPITAL Ltd 0.00% of their portfolio | 27.3k $4.1k | Unchanged |
| DUPONT CAPITAL MANAGEMENT CORP 0.00% of their portfolio | 25.0k $3.8k | Unchanged |
| Walleye Trading LLC 0.00% of their portfolio | 22.4k $3.4k | Unchanged |
| DAVENPORT & Co LLC 0.00% of their portfolio | 13.0k $1.9k | Unchanged |
| HGC Investment Management Inc. 0.00% of their portfolio | 10.4k $1.6k | Unchanged |
| FLOW TRADERS U.S. LLC 0.00% of their portfolio | 10.2k $2.0k | Reduced -1.9k |
| Meteora Capital, LLC 0.00% of their portfolio | 10.0k $1.5k | Unchanged |
| CLEAR STREET LLC 0.00% of their portfolio | 2.1k $318 | Reduced -1.4k |
| UBS Group AG 0.00% of their portfolio | 129 $19 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |