Vault-13

FLAME ACQUISITION CORP

COM CL A · CUSIP 33850F108

22 institutional holders +3 vs Q1 2023
5,937,4625.9m shares reported held*
$61.0mreported value*
8 new 4 added 2 reduced 5 sold out net bought ≈ $30.5m (+3.0m 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 ≈ $10.27. Options: 1 managers hold calls ($8.2m notional), 1 hold puts ($770.0k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 89Q4 22: 74Q1 23: 19Q2 23: 2222Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202289
Q4 202274
Q1 202319
Q2 202322

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 18 bought or addedQ4 22: 45 cut or sold outQ4 22Q1 23: 5 bought or addedQ1 23: 62 cut or sold outQ1 23Q2 23: 12 bought or addedQ2 23: 7 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221845
Q1 2023562
Q2 2023127

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $8.1mQ1 23 puts: $0Q1 23P/C 0.00Q2 23 calls: $8.2mQ2 23 puts: $770.0kQ2 23P/C 0.09
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$8.1m$00.00
Q2 2023$8.2m$770.0k0.09

Biggest buyers

Meteora Capital, LLC Added +777,634+777.6k
COWEN AND COMPANY, LLC New +489,723+489.7k
BERKLEY W R CORP New +476,837+476.8k
Periscope Capital Inc. New +383,195+383.2k
MANGROVE PARTNERS IM, LLC New +272,338+272.3k
DEUTSCHE BANK AG\ New +200,000+200.0k
Westchester Capital Management, LLC New +178,756+178.8k
Sculptor Capital LP Added +150,000+150.0k
CLEAR STREET LLC New +102,549+102.5k
Fort Baker Capital Management LP Added +100,000+100.0k

Biggest sellers

Shaolin Capital Management LLC Sold out -75,000-75.0k
PRELUDE CAPITAL MANAGEMENT, LLC Sold out -57,000-57.0k
BRIDGER MANAGEMENT, LLC Reduced -57,000-57.0k
HighTower Advisors, LLC Sold out -50,000-50.0k
Virtu Financial LLC Sold out -28,151-28.2k
BOOTHBAY FUND MANAGEMENT, LLC Reduced -3,447-3.4k
UBS Group AG Sold out -100-100

Biggest calls

Alyeska Investment Group, L.P. Unchanged $8.2m800.0k shares

Biggest puts

Shaolin Capital Management LLC New $770.0k75.0k 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 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Meteora Capital, LLC 1.52% of their portfolio Boca Raton, FL 805,414805.4k $8.3m $8.3m 1.52% Added +777.6k +777,634
2 Fort Baker Capital Management LP 1.16% of their portfolio Larkspur, CA 800,000800.0k $8.2m $8.2m 1.16% Added +100.0k +100,000
3 Sculptor Capital LP 0.16% of their portfolio New York, NY 609,207609.2k $6.3m $6.3m 0.16% Added +150.0k +150,000
4 COWEN AND COMPANY, LLC 0.42% of their portfolio NEW YORK, NY 489,723489.7k $5.0m $5.0m 0.42% New
5 BERKLEY W R CORP 0.29% of their portfolio Greenwich, CT 476,837476.8k $4.9m $4.9m 0.29% New
6 BRIDGER MANAGEMENT, LLC 1.51% of their portfolio NEW YORK, NY 443,000443.0k $4.5m $4.5m 1.51% Reduced -57.0k -57,000
7 Periscope Capital Inc. 0.31% of their portfolio Toronto, A6 383,195383.2k $3.9m $3.9m 0.31% New
8 FIR TREE CAPITAL MANAGEMENT LP 0.31% of their portfolio New York, NY 310,493310.5k $3.2m $3.2m 0.31% Unchanged
9 MANGROVE PARTNERS IM, LLC 0.20% of their portfolio Greenwich, CT 272,338272.3k $2.8m $2.8m 0.20% New
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 272,000272.0k $2.8m $2.8m 0.00% Added +34.0k +34,000
11 MOORE CAPITAL MANAGEMENT, LP 0.06% of their portfolio NEW YORK, NY 250,000250.0k $2.6m $2.6m 0.06% Unchanged
12 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 200,000200.0k $2.1m $2.1m 0.00% New
13 Westchester Capital Management, LLC 0.06% of their portfolio VALHALLA, NY 178,756178.8k $1.8m $1.8m 0.06% New
14 Atlas Merchant Capital LLC 0.27% of their portfolio New York, NY 125,000125.0k $1.3m $1.3m 0.27% Unchanged
15 CLEAR STREET LLC 0.03% of their portfolio NEW YORK, NY 102,549102.5k $1.1m $1.1m 0.03% New
16 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 80,00080.0k $821.6k $821.6k 0.00% New
17 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 76,87176.9k $789.5k $789.5k 0.01% Unchanged
18 Walleye Trading LLC 0.02% of their portfolio NEW YORK, NY 36,00036.0k $369.7k $369.7k 0.02% Unchanged
19 BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio NEW YORK, NY 14,02414.0k $144.0k $144.0k 0.00% Reduced -3.4k -3,447
20 Edge Capital Group, LLC 0.01% of their portfolio ATLANTA, GA 10,00010.0k $102.7k $102.7k 0.01% Unchanged
21 NewEdge Advisors, LLC 0.00% of their portfolio NEW ORLEANS, LA 2,0552.1k $21.1k $21.1k 0.00% Unchanged
22 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged