FLAME ACQUISITION CORP
*W EXP 02/26/202 · CUSIP 33850F116
42
institutional holders
+3 vs Q2 2023
9.0m
shares reported held*
$7.3mreported value*
4 new
3 added
5 reduced
1 sold out
net bought ≈ $767.5k (+782.0k 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 ≈ $0.82. Options: 3 managers hold calls ($1.6m notional), 0 hold puts (—).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 40 |
| Q4 2022 | 38 |
| Q1 2023 | 40 |
| Q2 2023 | 39 |
| Q3 2023 | 42 |
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 |
| Q3 2023 | 7 | 6 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $1.4m | $0 | 0.00 |
| Q1 2023 | $1.4m | $0 | 0.00 |
| Q2 2023 | $1.2m | $250.0k | 0.20 |
| Q3 2023 | $1.6m | $0 | 0.00 |
Biggest buyers
| Shaolin Capital Management LLC | New | +799.1k |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | New | +177.3k |
| COWEN AND COMPANY, LLC | New | +134.0k |
| UBS Group AG | New | +100.1k |
| CLEAR STREET LLC | Added | +14.6k |
| Walleye Trading LLC | Added | +13.4k |
| CSS LLC/IL | Added | +10.0k |
Biggest sellers
| K2 PRINCIPAL FUND, L.P. | Reduced | -120.2k |
| Exos TFP Holdings LLC | Reduced | -100.3k |
| Elequin Capital, LP | Reduced | -50.0k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | Sold out | -12.5k |
| BLUEFIN CAPITAL MANAGEMENT, LLC | Reduced | -5.0k |
| Walleye Capital LLC | Reduced | -1.2k |
Biggest calls
| MARSHALL WACE, LLP | Unchanged | $1.0m99.2k shares |
| Hartree Partners, LP | Unchanged | $315.0k393.8k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $232.8k291.0k 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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio | 1.9m $1.6m | Unchanged |
| Sculptor Capital LP 0.02% of their portfolio | 1.1m $871.5k | Unchanged |
| Shaolin Capital Management LLC 0.02% of their portfolio | 799.1k $639.0k | New |
| First Pacific Advisors, LP 0.01% of their portfolio | 620.9k $496.7k | Unchanged |
| Polar Asset Management Partners Inc. 0.01% of their portfolio | 487.6k $390.1k | Unchanged |
| LMR Partners LLP 0.01% of their portfolio | 388.8k $311.0k | Unchanged |
| Walleye Capital LLC 0.00% of their portfolio | 388.6k $310.9k | Reduced -1.2k |
| Exos TFP Holdings LLC 0.15% of their portfolio | 350.6k $280.5k | Reduced -100.3k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 267.5k $214.0k | Unchanged |
| BLUEFIN CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 215.4k $172.3k | Reduced -5.0k |
| Fort Baker Capital Management LP 0.02% of their portfolio | 199.9k $159.9k | Unchanged |
| Periscope Capital Inc. 0.02% of their portfolio | 193.8k $155.0k | Unchanged |
| Walleye Trading LLC 0.00% of their portfolio | 180.6k $144.5k | Added +13.4k |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 177.3k $141.9k | New |
| K2 PRINCIPAL FUND, L.P. 0.04% of their portfolio | 165.2k $132.1k | Reduced -120.2k |
| KIM, LLC 0.01% of their portfolio | 149.9k $119.9k | Unchanged |
| COWEN AND COMPANY, LLC 0.01% of their portfolio | 134.0k $107.2k | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 131.3k $105.0k | Unchanged |
| MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio | 125.0k $100.0k | Unchanged |
| SECURITY BENEFIT LIFE INSURANCE CO /KS/ 0.01% of their portfolio | 110.2k $88.2k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 100.1k $80.0k | New |
| Atalaya Capital Management LP 0.09% of their portfolio | 100.0k $80.0k | Unchanged |
| AQR Arbitrage LLC 0.00% of their portfolio | 100.0k $80.0k | Unchanged |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 80.7k $58.0k | Unchanged |
| DUPONT CAPITAL MANAGEMENT CORP 0.01% of their portfolio | 75.0k $60.0k | Unchanged |
| MMCAP International Inc. SPC 0.02% of their portfolio | 75.0k $60.0k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 72.2k $57.7k | Unchanged |
| Q Global Advisors, LLC 0.04% of their portfolio | 71.7k $57.0k | Unchanged |
| Ayrton Capital LLC 0.31% of their portfolio | 57.8k $46.3k | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 50.0k $40.0k | Unchanged |
| Saba Capital Management, L.P. 0.00% of their portfolio | 43.5k $34.8k | Unchanged |
| HRT FINANCIAL LP 0.00% of their portfolio | 37.5k $29.0k | Unchanged |
| CSS LLC/IL 0.00% of their portfolio | 30.8k $24.6k | Added +10.0k |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 30.0k $24.0k | Unchanged |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 0.00% of their portfolio | 22.1k $17.7k | Unchanged |
| Elequin Capital, LP 0.00% of their portfolio | 20.0k $16.0k | Reduced -50.0k |
| CLEAR STREET LLC 0.00% of their portfolio | 17.8k $14.2k | Added +14.6k |
| Yakira Capital Management, Inc. 0.00% of their portfolio | 15.1k $12.1k | Unchanged |
| Sea Otter Advisors LLC 0.00% of their portfolio | 12.5k $5.4k | Unchanged |
| Black Maple Capital Management LP 0.01% of their portfolio | 10.4k $8.3k | Unchanged |
| FOURSIXTHREE CAPITAL LP 0.04% of their portfolio | 10.0k $8.0k | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |