Vault-13

HAGERTY INC

*W EXP 12/02/202 · CUSIP 405166117

8 institutional holders -2 vs Q1 2024
3,610,5623.6m shares reported held*
$7.5mreported value*
1 new 2 added 3 reduced 3 sold out net sold ≈ $261.1k (-127.3k 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 ≈ $2.07. Options: 1 managers hold calls ($29.5k notional), 0 hold puts (—).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

051015Q3 22: 12Q4 22: 10Q1 23: 10Q2 23: 10Q3 23: 8Q4 23: 9Q1 24: 10Q2 24: 88Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202212
Q4 202210
Q1 202310
Q2 202310
Q3 20238
Q4 20239
Q1 202410
Q2 20248

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q4 22: 4 bought or addedQ4 22: 4 cut or sold outQ4 22Q1 23: 4 bought or addedQ1 23: 3 cut or sold outQ2 23: 2 bought or addedQ2 23: 1 cut or sold outQ2 23Q3 23: 2 bought or addedQ3 23: 3 cut or sold outQ4 23: 2 bought or addedQ4 23: 2 cut or sold outQ4 23Q1 24: 5 bought or addedQ1 24: 2 cut or sold outQ2 24: 3 bought or addedQ2 24: 6 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 202244
Q1 202343
Q2 202321
Q3 202323
Q4 202322
Q1 202452
Q2 202436

Calls vs puts

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

CallsPuts
$0$10k$20k$30k$40kQ3 23 calls: $32.9kQ3 23 puts: $0Q3 23P/C 0.00Q4 23 calls: $23.7kQ4 23 puts: $0Q4 23P/C 0.00Q1 24 calls: $28.0kQ1 24 puts: $0Q1 24P/C 0.00Q2 24 calls: $29.5kQ2 24 puts: $0Q2 24P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2023$32.9k$00.00
Q4 2023$23.7k$00.00
Q1 2024$28.0k$00.00
Q2 2024$29.5k$00.00

Biggest buyers

Greenhaven Road Investment Management, L.P. Added +98,440+98.4k
Ionic Capital Management LLC Added +40,871+40.9k
UBS Group AG New +390+390

Biggest sellers

Lincoln Capital LLC Sold out -127,820-127.8k
COWEN AND COMPANY, LLC Reduced -78,176-78.2k
MORGAN STANLEY Sold out -30,000-30.0k
17 CAPITAL PARTNERS, LLC Sold out -25,000-25.0k
ARISTEIA CAPITAL, L.L.C. Reduced -4,951-5.0k
WOLVERINE ASSET MANAGEMENT LLC Reduced -1,097-1.1k

Biggest calls

MILLENNIUM MANAGEMENT LLC Unchanged $29.5k14.4k 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 Greenhaven Road Investment Management, L.P. 1.57% of their portfolio GREENWICH, CT 1,645,7321.6m $3.4m $3.4m 1.57% Added +98.4k +98,440
2 ARISTEIA CAPITAL, L.L.C. 0.08% of their portfolio GREENWICH, CT 1,041,8171.0m $2.2m $2.2m 0.08% Reduced -5.0k -4,951
3 Markel Group Inc. 0.01% of their portfolio Glen Allen, VA 540,000540.0k $1.1m $1.1m 0.01% Unchanged
4 Ionic Capital Management LLC 0.30% of their portfolio NEW YORK, NY 277,759277.8k $569.4k $569.4k 0.30% Added +40.9k +40,871
5 COWEN AND COMPANY, LLC 0.00% of their portfolio NEW YORK, NY 59,29659.3k $121.6k $121.6k 0.00% Reduced -78.2k -78,176
6 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 45,56845.6k $93.4k $93.4k 0.00% Reduced -1.1k -1,097
7 UBS Group AG 0.00% of their portfolio ZURICH, V8 390390 $800 $800 0.00% New
8 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged