EXCELFIN ACQUISITION CORP
*W EXP 10/25/202 · CUSIP 30069X110
45
institutional holders
-2 vs Q1 2024
6.9m
shares reported held*
$224.4kreported value*
0 new
0 added
7 reduced
1 sold out
net sold ≈ $6.7k (-376.8k 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 ≈ $0.03. Options: 4 managers hold calls ($2.0m notional), 0 hold puts (—).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 42 |
| Q4 2022 | 44 |
| Q1 2023 | 52 |
| Q2 2023 | 52 |
| Q3 2023 | 51 |
| Q4 2023 | 49 |
| Q1 2024 | 47 |
| Q2 2024 | 45 |
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 | 11 | 7 |
| Q1 2023 | 18 | 8 |
| Q2 2023 | 12 | 12 |
| Q3 2023 | 8 | 9 |
| Q4 2023 | 7 | 13 |
| Q1 2024 | 3 | 6 |
| Q2 2024 | 0 | 8 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $1.9m | $0 | 0.00 |
| Q4 2023 | $1.9m | $0 | 0.00 |
| Q1 2024 | $2.0m | $0 | 0.00 |
| Q2 2024 | $2.0m | $0 | 0.00 |
Biggest buyers
| None |
Biggest sellers
| Periscope Capital Inc. | Reduced | -168.2k |
| EHP Funds Inc. | Sold out | -92.6k |
| MIZUHO SECURITIES USA LLC | Reduced | -81.3k |
| CITADEL ADVISORS LLC | Reduced | -11.4k |
| StoneX Group Inc. | Reduced | -9.5k |
| Schonfeld Strategic Advisors LLC | Reduced | -9.2k |
| CLEAR STREET LLC | Reduced | -3.5k |
| FLOW TRADERS U.S. LLC | Reduced | -1.1k |
Biggest calls
| MARSHALL WACE, LLP | Unchanged | $1.4m126.3k shares |
| ANGELO GORDON & CO., L.P. | Unchanged | $552.5k50.0k shares |
| Sandia Investment Management LP | Unchanged | $8.8k234.9k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $8.1k269.2k 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, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| Sculptor Capital LP 0.00% of their portfolio | 767.3k $28.7k | Unchanged |
| Shaolin Capital Management LLC 0.00% of their portfolio | 692.8k $20.9k | Unchanged |
| Dryden Capital, LLC 0.03% of their portfolio | 638.3k $19.1k | Unchanged |
| Calamos Advisors LLC 0.00% of their portfolio | 500.0k $18.6k | Unchanged |
| Kepos Capital LP 0.01% of their portfolio | 416.5k $16.0k | Unchanged |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio | 375.0k $375 | Unchanged |
| Periscope Capital Inc. 0.00% of their portfolio | 300.1k $11.2k | Reduced -168.2k |
| Linden Advisors LP 0.00% of their portfolio | 250.0k $9.3k | Unchanged |
| Davidson Kempner Capital Management LP 0.00% of their portfolio | 250.0k $7.5k | Unchanged |
| ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio | 229.4k $8.6k | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 220.0k $6.6k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 200.0k $6.0k | Unchanged |
| Exos Asset Management LLC 0.01% of their portfolio | 176.2k $5.3k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 150.0k $4.5k | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 150.0k $4.5k | Unchanged |
| AQR Arbitrage LLC 0.00% of their portfolio | 147.1k $4.4k | Unchanged |
| Walleye Capital LLC 0.00% of their portfolio | 139.4k $4.2k | Unchanged |
| Saba Capital Management, L.P. 0.00% of their portfolio | 132.0k $4.9k | Unchanged |
| Diametric Capital, LP 0.00% of their portfolio | 108.1k $4.0k | Unchanged |
| CANTOR FITZGERALD, L. P. 0.00% of their portfolio | 100.0k $3.0k | Unchanged |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 100.0k $3.7k | Unchanged |
| Atalaya Capital Management LP 0.01% of their portfolio | 100.0k $3.0k | Unchanged |
| PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio | 96.8k $3.0k | Unchanged |
| StoneX Group Inc. 0.00% of their portfolio | 86.8k $2.6k | Reduced -9.5k |
| COWEN AND COMPANY, LLC 0.00% of their portfolio | 85.0k $2.6k | Unchanged |
| Q Global Advisors, LLC 0.00% of their portfolio | 73.0k $2.0k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 71.4k $2.1k | Unchanged |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 50.8k $1.9k | Reduced -9.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 50.1k $1.5k | Unchanged |
| DUPONT CAPITAL MANAGEMENT CORP 0.00% of their portfolio | 50.0k $1.5k | Unchanged |
| Silver Rock Financial LP 0.01% of their portfolio | 48.9k $1.5k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 48.2k $1.4k | Unchanged |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 48.1k $1.4k | Unchanged |
| MIZUHO SECURITIES USA LLC 0.00% of their portfolio | 37.6k $376 | Reduced -81.3k |
| SkyView Investment Advisors, LLC 0.00% of their portfolio | 36.8k $1.0k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 29.0k $872 | Reduced -11.4k |
| Cruiser Capital Advisors, LLC 0.00% of their portfolio | 27.5k $954 | Unchanged |
| Walleye Trading LLC 0.00% of their portfolio | 25.4k $764 | Unchanged |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 25.0k $753 | Unchanged |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 25.0k $750 | Unchanged |
| CLEAR STREET LLC 0.00% of their portfolio | 23.7k $712 | Reduced -3.5k |
| Flow State Investments, L.P. 0.00% of their portfolio | 22.7k $683 | Unchanged |
| FLOW TRADERS U.S. LLC 0.00% of their portfolio | 20.3k $1.0k | Reduced -1.1k |
| Ancora Advisors LLC 0.00% of their portfolio | 10.0k $373 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |