FLAME ACQUISITION CORP
*W EXP 02/26/202 · CUSIP 33850F116
39
institutional holders
-1 vs Q1 2023
8.2m
shares reported held*
$2.6mreported value*
3 new
4 added
2 reduced
4 sold out
net sold ≈ $224.7k (-571.5k 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 ≈ $0.32. Options: 3 managers hold calls ($1.2m notional), 1 hold puts ($250.0k).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 40 |
| Q4 2022 | 38 |
| Q1 2023 | 40 |
| Q2 2023 | 39 |
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 | 9 | 20 |
| Q1 2023 | 12 | 13 |
| Q2 2023 | 7 | 6 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $3.0m | $0 | 0.00 |
| Q4 2022 | $1.4m | $0 | 0.00 |
| Q1 2023 | $1.4m | $0 | 0.00 |
| Q2 2023 | $1.2m | $250.0k | 0.20 |
Biggest buyers
| BLUEFIN CAPITAL MANAGEMENT, LLC | New | +220.4k |
| JPMORGAN CHASE & CO | New | +72.2k |
| CSS LLC/IL | New | +20.8k |
| K2 PRINCIPAL FUND, L.P. | Added | +10.8k |
| HRT FINANCIAL LP | Added | +100 |
| Walleye Capital LLC | Added | +32 |
| Walleye Trading LLC | Added | +18 |
Biggest sellers
| Shaolin Capital Management LLC | Sold out | -800.0k |
| BLUEFIN CAPITAL MANAGEMENT, LLC | Sold out | -219.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -22.8k |
| Periscope Capital Inc. | Reduced | -700 |
| CLEAR STREET LLC | Reduced | -100 |
| UBS Group AG | Sold out | -58 |
Biggest calls
| MARSHALL WACE, LLP | Unchanged | $1.0m99.2k shares |
| Hartree Partners, LP | Unchanged | $122.1k393.8k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $90.9k291.0k shares |
Biggest puts
| Shaolin Capital Management LLC | New | $250.0k800.0k 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
| Manager | Shares | Change |
|---|---|---|
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio | 1.9m $608.1k | Unchanged |
| Sculptor Capital LP 0.01% of their portfolio | 1.1m $383.6k | Unchanged |
| First Pacific Advisors, LP 0.00% of their portfolio | 620.9k $194.0k | Unchanged |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 487.6k $152.3k | Unchanged |
| Exos TFP Holdings LLC 0.07% of their portfolio | 450.9k $140.9k | Unchanged |
| Walleye Capital LLC 0.00% of their portfolio | 389.8k $121.8k | Added +32 |
| LMR Partners LLP 0.00% of their portfolio | 388.8k $121.5k | Unchanged |
| K2 PRINCIPAL FUND, L.P. 0.03% of their portfolio | 285.3k $89.1k | Added +10.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 267.5k $83.6k | Unchanged |
| BLUEFIN CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 220.4k $68.9k | New |
| Fort Baker Capital Management LP 0.01% of their portfolio | 199.9k $62.4k | Unchanged |
| Periscope Capital Inc. 0.00% of their portfolio | 193.8k $60.5k | Reduced -700 |
| Walleye Trading LLC 0.00% of their portfolio | 167.2k $52.2k | Added +18 |
| KIM, LLC 0.00% of their portfolio | 149.9k $46.8k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 131.3k $41.0k | Unchanged |
| MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio | 125.0k $39.0k | Unchanged |
| SECURITY BENEFIT LIFE INSURANCE CO /KS/ 0.00% of their portfolio | 110.2k $34.4k | Unchanged |
| Atalaya Capital Management LP 0.02% of their portfolio | 100.0k $31.0k | Unchanged |
| AQR Arbitrage LLC 0.00% of their portfolio | 100.0k $31.2k | Unchanged |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 80.7k $25.2k | Unchanged |
| DUPONT CAPITAL MANAGEMENT CORP 0.00% of their portfolio | 75.0k $23.4k | Unchanged |
| MMCAP International Inc. SPC 0.01% of their portfolio | 75.0k $23.4k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 72.2k $22.5k | New |
| Q Global Advisors, LLC 0.02% of their portfolio | 71.7k $22.0k | Unchanged |
| Elequin Capital, LP 0.01% of their portfolio | 70.0k $21.9k | Unchanged |
| Ayrton Capital LLC 0.11% of their portfolio | 57.8k $18.1k | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 50.0k $15.6k | Unchanged |
| Saba Capital Management, L.P. 0.00% of their portfolio | 43.5k $14.7k | Unchanged |
| HRT FINANCIAL LP 0.00% of their portfolio | 37.5k $11.0k | Added +100 |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 30.0k $9.4k | Unchanged |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.00% of their portfolio | 22.1k $6.9k | Unchanged |
| CSS LLC/IL 0.00% of their portfolio | 20.8k $6.5k | New |
| Yakira Capital Management, Inc. 0.00% of their portfolio | 15.1k $4.7k | Unchanged |
| Sea Otter Advisors LLC 0.00% of their portfolio | 12.5k $5.4k | Unchanged |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 12.5k $3.9k | Unchanged |
| Black Maple Capital Management LP 0.00% of their portfolio | 10.4k $3.2k | Unchanged |
| FOURSIXTHREE CAPITAL LP 0.03% of their portfolio | 10.0k $3.1k | Unchanged |
| CLEAR STREET LLC 0.00% of their portfolio | 3.2k $999 | Reduced -100 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |