Vault-13

FOUR LEAF ACQUISITION CORP FORL

COM CL A · Common Stock · CUSIP 35088F107

38 institutional holders +3 vs Q4 2023
4,440,5884.4m shares reported held*
$47.6mreported value*
6 new 8 added 8 reduced 4 sold out net bought ≈ $3.5m (+326.1k 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 ($721.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.73.

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

02040Q2 23: 25Q3 23: 31Q4 23: 35Q1 24: 3838Q2 23Q3 23Q4 23Q1 24
Numbers
QuarterHolders
Q2 202325
Q3 202331
Q4 202335
Q1 202438

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 23: 13 bought or addedQ3 23: 5 cut or sold outQ3 23Q4 23: 10 bought or addedQ4 23: 10 cut or sold outQ4 23Q1 24: 14 bought or addedQ1 24: 12 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q3 2023135
Q4 20231010
Q1 20241412

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5m$2mQ2 23 calls: $0Q2 23 puts: $1.5mQ2 23P/C —Q3 23 calls: $0Q3 23 puts: $0Q3 23P/C —Q4 23 calls: $0Q4 23 puts: $0Q4 23P/C —Q1 24 calls: $0Q1 24 puts: $0Q1 24P/C —
Numbers
QuarterCallsPutsP/C
Q2 2023$0$1.5m—
Q3 2023$0$0—
Q4 2023$0$0—
Q1 2024$0$0—

Biggest buyers

Schechter Investment Advisors, LLC Added +360,040+360.0k
Quarry LP Added +134,518+134.5k
COWEN AND COMPANY, LLC Added +116,100+116.1k
WOLVERINE ASSET MANAGEMENT LLC Added +102,155+102.2k
Wealthspring Capital LLC New +67,520+67.5k
Calamos Advisors LLC New +60,000+60.0k
Tuttle Capital Management, LLC New +30,000+30.0k
Warberg Asset Management LLC Added +25,087+25.1k
ROBINSON CAPITAL MANAGEMENT, LLC Added +17,996+18.0k
GLAZER CAPITAL, LLC Added +16,618+16.6k

Biggest sellers

Cohanzick Management, LLC Sold out -250,000-250.0k
FIR TREE CAPITAL MANAGEMENT LP Reduced -82,384-82.4k
KIM, LLC Sold out -73,768-73.8k
Karpus Management, Inc. Reduced -63,242-63.2k
Shaolin Capital Management LLC Sold out -50,000-50.0k
Lynwood Capital Management Inc. Sold out -27,426-27.4k
Spartan Fund Management Inc. Reduced -27,400-27.4k
Sea Otter Advisors LLC Reduced -18,987-19.0k
Bulldog Investors, LLP Reduced -17,603-17.6k
CVI Holdings, LLC Reduced -11,537-11.5k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
CALAMOS INVESTMENT TRUST/IL 13G · exempt (held before listing) +14.3 pts · filed 2025-09-02 22.8% +14.3 pts 231.0k 2025-09-02
CLEAR STREET LLC 13G · exempt (held before listing) -5.8 pts · filed 2026-05-21 5.9% -5.8 pts 59.3k 2026-05-21

Fell to 5% or below in the last year: GOLDMAN SACHS GROUP INC (0.0%, 2026-08-14), WOLVERINE ASSET MANAGEMENT LLC (0.0%, 2026-07-24)

Holders, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 AQR Arbitrage LLC 0.18% of their portfolio Greenwich, CT 464,956465.0k $5.0m $5.0m 0.18% Unchanged
2 Schechter Investment Advisors, LLC 0.33% of their portfolio BIRMINGHAM, MI 416,650416.6k $4.5m $4.5m 0.33% Added +360.0k +360,040
3 Periscope Capital Inc. 0.88% of their portfolio Toronto, A6 308,137308.1k $3.3m $3.3m 0.88% Unchanged
4 MANGROVE PARTNERS IM, LLC 0.21% of their portfolio Greenwich, CT 263,081263.1k $2.8m $2.8m 0.21% Unchanged
5 Crossingbridge Advisors, LLC 2.04% of their portfolio PLEASANTVILLE, NY 250,000250.0k $2.7m $2.7m 2.04% First filing
6 Exos Asset Management LLC 1.42% of their portfolio NEW YORK, NY 225,153225.2k $2.4m $2.4m 1.42% First filing
7 Bulldog Investors, LLP 0.75% of their portfolio SADDLE BROOK, NJ 211,662211.7k $2.3m $2.3m 0.75% Reduced -17.6k -17,603
8 Karpus Management, Inc. 0.06% of their portfolio Pittsford, NY 198,158198.2k $2.1m $2.1m 0.06% Reduced -63.2k -63,242
9 COWEN AND COMPANY, LLC 0.08% of their portfolio NEW YORK, NY 193,277193.3k $2.1m $2.1m 0.08% Added +116.1k +116,100
10 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 165,000165.0k $1.8m $1.8m 0.00% Unchanged
11 Polar Asset Management Partners Inc. 0.04% of their portfolio TORONTO, A6 152,000152.0k $1.6m $1.6m 0.04% Unchanged
12 Quarry LP 0.62% of their portfolio NEW YORK, NY 139,937139.9k $1.5m $1.5m 0.62% Added +134.5k +134,518
13 Spartan Fund Management Inc. 2.97% of their portfolio TORONTO, ONTARIO, Z4 135,757135.8k $1.5m $1.5m 2.97% Reduced -27.4k -27,400
14 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 130,000130.0k $1.4m $1.4m 0.00% Unchanged
15 WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio CHICAGO, IL 126,303126.3k $1.4m $1.4m 0.03% Added +102.2k +102,155
16 Hudson Bay Capital Management LP 0.01% of their portfolio STAMFORD, CT 125,000125.0k $1.3m $1.3m 0.01% Unchanged
17 GLAZER CAPITAL, LLC 0.14% of their portfolio New York, NY 121,446121.4k $1.3m $1.3m 0.14% Added +16.6k +16,618
18 DLD Asset Management, LP 0.21% of their portfolio NEW YORK, NY 116,000116.0k $1.2m $1.2m 0.21% Unchanged
19 BOOTHBAY FUND MANAGEMENT, LLC 0.03% of their portfolio NEW YORK, NY 88,33288.3k $946.5k $946.5k 0.03% Unchanged
20 ATW SPAC MANAGEMENT LLC 1.14% of their portfolio NEW YORK, NY 88,33288.3k $947.0k $947.0k 1.14% Unchanged
21 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.04% of their portfolio WEST PALM BEACH, FL 81,93481.9k $878.3k $878.3k 0.04% Reduced -3.1k -3,066
22 Warberg Asset Management LLC 0.19% of their portfolio WINNETKA, IL 75,93275.9k $813.6k $813.6k 0.19% Added +25.1k +25,087
23 CVI Holdings, LLC 0.75% of their portfolio WILMINGTON, DE 74,44874.4k $801.8k $801.8k 0.75% Reduced -11.5k -11,537
24 Wealthspring Capital LLC 0.85% of their portfolio WEST HARRISON, NY 67,52067.5k $721.8k $721.8k 0.85% New
25 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 60,00060.0k $646.2k $646.2k 0.00% New
26 TENOR CAPITAL MANAGEMENT Co., L.P. 0.01% of their portfolio NEW YORK, NY 60,00060.0k $643.2k $643.2k 0.01% Unchanged
27 Sea Otter Advisors LLC 1.71% of their portfolio Miami, FL 30,81130.8k $330.3k $330.3k 1.71% Reduced -19.0k -18,987
28 Tuttle Capital Management, LLC 2.49% of their portfolio RIVERSIDE, CT 30,00030.0k $321.6k $321.6k 2.49% New
29 ROBINSON CAPITAL MANAGEMENT, LLC 0.10% of their portfolio GROSSE POINTE FARMS, MI 25,24225.2k $273.6k $273.6k 0.10% Added +18.0k +17,996
30 TrueMark Investments, LLC 0.20% of their portfolio CHICAGO, IL 19,93419.9k $214.7k $214.7k 0.20% Reduced -3.1k -3,066
31 FIR TREE CAPITAL MANAGEMENT LP 0.07% of their portfolio New York, NY 15,90415.9k $171.3k $171.3k 0.07% Reduced -82.4k -82,384
32 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 13,24213.2k $142.6k $142.6k 0.00% New
33 Dakota Wealth Management 0.00% of their portfolio PALM BEACH GARDENS, FL 12,57512.6k $134.4k $134.4k 0.00% Unchanged
34 FLOW TRADERS U.S. LLC 0.01% of their portfolio NEW YORK, NY 11,27511.3k $121.0k $121.0k 0.01% New
35 ADAR1 Capital Management, LLC 0.03% of their portfolio AUSTIN, TX 10,00010.0k $107.2k $107.2k 0.03% Unchanged
36 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 9292 $986 $986 0.00% Added +9 +9
37 UBS Group AG 0.00% of their portfolio ZURICH, V8 1818 $192 $192 0.00% New
38 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged