Vault-13

FINTECH ECOSYSTEM DEVE

*W EXP 04/01/202 · CUSIP 318136116

25 institutional holders +0 vs Q1 2024
3,405,5033.4m shares reported held*
$2.3mreported value*
1 new 0 added 4 reduced 1 sold out net bought ≈ $846 (-86.3k 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 ≈ $0.69. Options: 2 managers hold calls ($5.3k notional), 0 hold puts (—).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 25Q4 22: 25Q1 23: 26Q2 23: 25Q3 23: 26Q4 23: 24Q1 24: 25Q2 24: 2525Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202225
Q4 202225
Q1 202326
Q2 202325
Q3 202326
Q4 202324
Q1 202425
Q2 202425

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q4 22: 1 bought or addedQ4 22: 4 cut or sold outQ4 22Q1 23: 4 bought or addedQ1 23: 5 cut or sold outQ2 23: 2 bought or addedQ2 23: 6 cut or sold outQ2 23Q3 23: 4 bought or addedQ3 23: 1 cut or sold outQ4 23: 3 bought or addedQ4 23: 3 cut or sold outQ4 23Q1 24: 1 bought or addedQ1 24: 3 cut or sold outQ2 24: 1 bought or addedQ2 24: 5 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 202214
Q1 202345
Q2 202326
Q3 202341
Q4 202333
Q1 202413
Q2 202415

Calls vs puts

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

CallsPuts
$0$2k$4k$6kQ3 23 calls: $338Q3 23 puts: $0Q3 23P/C 0.00Q4 23 calls: $2.6kQ4 23 puts: $0Q4 23P/C 0.00Q1 24 calls: $3.5kQ1 24 puts: $0Q1 24P/C 0.00Q2 24 calls: $5.3kQ2 24 puts: $0Q2 24P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2023$338$00.00
Q4 2023$2.6k$00.00
Q1 2024$3.5k$00.00
Q2 2024$5.3k$00.00

Biggest buyers

CITADEL ADVISORS LLC New +219,982+220.0k

Biggest sellers

EHP Funds Inc. Sold out -184,420-184.4k
K2 PRINCIPAL FUND, L.P. Reduced -79,334-79.3k
Periscope Capital Inc. Reduced -33,194-33.2k
CVI Holdings, LLC Reduced -8,000-8.0k
FLOW TRADERS U.S. LLC Reduced -1,296-1.3k

Biggest calls

ATW SPAC MANAGEMENT LLC Unchanged $5.0k200.0k shares
MILLENNIUM MANAGEMENT LLC Unchanged $30015.0k 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Saba Capital Management, L.P. 0.00% of their portfolio NEW YORK, NY 475,811475.8k $11.8k $11.8k 0.00% Unchanged
2 Clear Street Derivatives LLC 0.00% of their portfolio NEW YORK, NY 355,686355.7k $7.1k $7.1k 0.00% Unchanged
3 Shaolin Capital Management LLC 0.00% of their portfolio Miami, FL 264,922264.9k $5.3k $5.3k 0.00% Unchanged
4 Yakira Capital Management, Inc. 0.00% of their portfolio Westport, CT 224,999225.0k $5.6k $5.6k 0.00% Unchanged
5 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 219,982220.0k $4.5k $4.5k 0.00% New
6 MMCAP International Inc. SPC 0.00% of their portfolio GRAND CAYMAN, E9 200,000200.0k $4.0k $4.0k 0.00% Unchanged
7 BOOTHBAY FUND MANAGEMENT, LLC 0.07% of their portfolio NEW YORK, NY 200,000200.0k $2.3m $2.3m 0.07% Unchanged
8 K2 PRINCIPAL FUND, L.P. 0.00% of their portfolio TORONTO, A6 195,666195.7k $3.9k $3.9k 0.00% Reduced -79.3k -79,334
9 COWEN AND COMPANY, LLC 0.00% of their portfolio NEW YORK, NY 182,580182.6k $3.7k $3.7k 0.00% Unchanged
10 Arena Investors LP 0.06% of their portfolio PURCHASE, NY 144,200144.2k $3.6k $3.6k 0.06% Unchanged
11 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 123,750123.8k $2.5k $2.5k 0.00% Unchanged
12 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 112,970113.0k $2.3k $2.3k 0.00% Unchanged
13 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 96,18496.2k $1.9k $1.9k 0.00% Unchanged
14 CVI Holdings, LLC 0.00% of their portfolio WILMINGTON, DE 92,85592.9k $1.9k $1.9k 0.00% Reduced -8.0k -8,000
15 Hudson Bay Capital Management LP 0.00% of their portfolio STAMFORD, CT 92,50092.5k $1.9k $1.9k 0.00% Unchanged
16 Context Capital Management, LLC 0.00% of their portfolio LAJOLLA, CA 77,30077.3k $1.5k $1.5k 0.00% Unchanged
17 Meteora Capital, LLC 0.00% of their portfolio Boca Raton, FL 76,00076.0k $1.3k $1.3k 0.00% Unchanged
18 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 75,00075.0k $1.9k $1.9k 0.00% Unchanged
19 683 Capital Management, LLC 0.00% of their portfolio NEW YORK, NY 75,00075.0k $1.5k $1.5k 0.00% Unchanged
20 Periscope Capital Inc. 0.00% of their portfolio Toronto, A6 43,10043.1k $1.1k $1.1k 0.00% Reduced -33.2k -33,194
21 WHITEBOX ADVISORS LLC 0.00% of their portfolio MINNEAPOLIS, MN 37,50037.5k $750 $750 0.00% Unchanged
22 FLOW TRADERS U.S. LLC 0.00% of their portfolio NEW YORK, NY 19,26419.3k $0 $0 0.00% Reduced -1.3k -1,296
23 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 12,33412.3k $250 $250 0.00% Unchanged
24 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 7,9007.9k $196 $196 0.00% Unchanged
25 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged