Vault-13

HEARTLAND MEDIA ACQUISITION

CL A COM · CUSIP 42237V108

62 institutional holders +4 vs Q1 2023
17,758,97117.8m shares reported held*
$186.1mreported value*
11 new 6 added 9 reduced 7 sold out net sold ≈ $1.2m (-112.2k 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 ($147.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.48. Options: 0 managers hold calls (— notional), 1 hold puts ($3.3m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 52Q4 22: 53Q1 23: 58Q2 23: 6262Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202252
Q4 202253
Q1 202358
Q2 202362

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 17 bought or addedQ4 22: 11 cut or sold outQ4 22Q1 23: 14 bought or addedQ1 23: 12 cut or sold outQ1 23Q2 23: 17 bought or addedQ2 23: 16 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221711
Q1 20231412
Q2 20231716

Calls vs puts

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

CallsPuts
$0$1m$2m$3m$4mQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $3.3mQ2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$3.3m—

Biggest buyers

Periscope Capital Inc. Added +909,639+909.6k
Linden Advisors LP Added +769,877+769.9k
Apollo Management Holdings, L.P. New +745,000+745.0k
Westchester Capital Management, LLC New +739,400+739.4k
First Trust Capital Management L.P. Added +380,395+380.4k
COWEN AND COMPANY, LLC New +357,347+357.3k
JANUS HENDERSON GROUP PLC New +250,000+250.0k
RIVERNORTH CAPITAL MANAGEMENT, LLC New +200,000+200.0k
P SCHOENFELD ASSET MANAGEMENT LP New +170,000+170.0k
K2 PRINCIPAL FUND, L.P. New +117,330+117.3k

Biggest sellers

HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -1,051,412-1.1m
JPMORGAN CHASE & CO Reduced -1,011,000-1.0m
HSBC HOLDINGS PLC Sold out -769,877-769.9k
MANGROVE PARTNERS IM, LLC Sold out -450,000-450.0k
Balyasny Asset Management L.P. Sold out -400,000-400.0k
Hudson Bay Capital Management LP Reduced -351,000-351.0k
Shaolin Capital Management LLC Sold out -315,048-315.0k
DIFESA CAPITAL MANAGEMENT, LP Sold out -200,000-200.0k
HGC Investment Management Inc. Reduced -166,000-166.0k
AQR Arbitrage LLC Reduced -139,159-139.2k

Biggest calls

None

Biggest puts

Shaolin Capital Management LLC New $3.3m315.0k 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 Periscope Capital Inc. 1.00% of their portfolio Toronto, A6 1,215,1101.2m $12.8m $12.8m 1.00% Added +909.6k +909,639
2 Linden Advisors LP 0.11% of their portfolio New York, NY 1,000,0001.0m $10.5m $10.5m 0.11% Added +769.9k +769,877
3 Calamos Advisors LLC 0.05% of their portfolio NAPERVILLE, IL 1,000,0001.0m $10.5m $10.5m 0.05% Unchanged
4 AQR Arbitrage LLC 0.40% of their portfolio Greenwich, CT 875,329875.3k $9.2m $9.2m 0.40% Reduced -139.2k -139,159
5 First Trust Capital Management L.P. 0.51% of their portfolio CHICAGO, IL 806,913806.9k $8.5m $8.5m 0.51% Added +380.4k +380,395
6 Hudson Bay Capital Management LP 0.08% of their portfolio STAMFORD, CT 751,000751.0k $7.9m $7.9m 0.08% Reduced -351.0k -351,000
7 Apollo Management Holdings, L.P. 0.08% of their portfolio New York, NY 745,000745.0k $7.9m $7.9m 0.08% New
8 Westchester Capital Management, LLC 0.27% of their portfolio VALHALLA, NY 739,400739.4k $7.8m $7.8m 0.27% New
9 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 600,000600.0k $6.3m $6.3m 0.01% Unchanged
10 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 583,332583.3k $6.1m $6.1m 0.02% Unchanged
11 ARISTEIA CAPITAL, L.L.C. 0.21% of their portfolio GREENWICH, CT 557,948557.9k $5.9m $5.9m 0.21% Unchanged
12 Starboard Value LP 0.11% of their portfolio New York, NY 500,000500.0k $5.3m $5.3m 0.11% Unchanged
13 NOMURA HOLDINGS INC 0.05% of their portfolio TOKYO, M0 465,000465.0k $4.9m $4.9m 0.05% Unchanged
14 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 461,200461.2k $4.9m $4.9m 0.01% Unchanged
15 CANTOR FITZGERALD, L. P. 0.11% of their portfolio NEW YORK, NY 454,454454.5k $4.8m $4.8m 0.11% Unchanged
16 Radcliffe Capital Management, L.P. 0.39% of their portfolio BALA CYNWYD, PA 430,500430.5k $4.5m $4.5m 0.39% Unchanged
17 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.25% of their portfolio NEW YORK, NY 411,021411.0k $4.3m $4.3m 0.25% Reduced -1.1m -1,051,412
18 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 401,405401.4k $4.2m $4.2m 0.00% Unchanged
19 Saba Capital Management, L.P. 0.12% of their portfolio NEW YORK, NY 359,656359.7k $3.8m $3.8m 0.12% Unchanged
20 COWEN AND COMPANY, LLC 0.31% of their portfolio NEW YORK, NY 357,347357.3k $3.8m $3.8m 0.31% New
21 KIM, LLC 0.32% of their portfolio WICHITA, KS 356,000356.0k $3.8m $3.8m 0.32% Unchanged
22 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 332,500332.5k $3.5m $3.5m 0.01% Unchanged
23 LMR Partners LLP 0.07% of their portfolio LONDON, X0 300,000300.0k $3.2m $3.2m 0.07% Unchanged
24 Atalaya Capital Management LP 1.54% of their portfolio NEW YORK, NY 300,000300.0k $3.2m $3.2m 1.54% Unchanged
25 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.06% of their portfolio CHICAGO, IL 271,895271.9k $2.9m $2.9m 0.06% Reduced -6.1k -6,128
26 GABELLI & Co INVESTMENT ADVISERS, INC. 0.46% of their portfolio Rye, NY 259,939259.9k $2.7m $2.7m 0.46% Unchanged
27 Polar Asset Management Partners Inc. 0.05% of their portfolio TORONTO, A6 251,000251.0k $2.6m $2.6m 0.05% Unchanged
28 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 250,000250.0k $2.6m $2.6m 0.00% New
29 Woodline Partners LP 0.03% of their portfolio San Francisco, CA 200,005200.0k $2.1m $2.1m 0.03% Unchanged
30 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.11% of their portfolio WEST PALM BEACH, FL 200,000200.0k $2.1m $2.1m 0.11% New
31 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 192,800192.8k $2.0m $2.0m 0.00% Added +96.4k +96,400
32 P SCHOENFELD ASSET MANAGEMENT LP 0.24% of their portfolio NEW YORK, NY 170,000170.0k $1.8m $1.8m 0.24% New
33 HGC Investment Management Inc. 0.63% of their portfolio TORONTO, A6 166,000166.0k $1.8m $1.8m 0.63% Reduced -166.0k -166,000
34 TENOR CAPITAL MANAGEMENT Co., L.P. 0.03% of their portfolio NEW YORK, NY 150,000150.0k $1.6m $1.6m 0.03% Unchanged
35 Magnetar Financial LLC 0.03% of their portfolio EVANSTON, IL 134,800134.8k $1.4m $1.4m 0.03% Unchanged
36 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 119,952120.0k $1.3m $1.3m 0.00% Unchanged
37 GLAZER CAPITAL, LLC 0.08% of their portfolio New York, NY 118,761118.8k $1.3m $1.3m 0.08% Unchanged
38 K2 PRINCIPAL FUND, L.P. 0.39% of their portfolio TORONTO, A6 117,330117.3k $1.2m $1.2m 0.39% New
39 RPO LLC 1.15% of their portfolio Stamford, CT 106,813106.8k $1.1m $1.1m 1.15% Unchanged
40 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 100,000100.0k $1.1m $1.1m 0.00% Reduced -1.0m -1,011,000
41 OAKTREE CAPITAL MANAGEMENT LP 0.01% of their portfolio LOS ANGELES, CA 100,000100.0k $1.1m $1.1m 0.01% Unchanged
42 WHITEBOX ADVISORS LLC 0.05% of their portfolio MINNEAPOLIS, MN 100,000100.0k $1.1m $1.1m 0.05% Unchanged
43 Cowen Investment Management LLC 0.63% of their portfolio NEW YORK, NY 100,000100.0k $1.1m $1.1m 0.63% New
44 Athos Capital Ltd 1.24% of their portfolio HONG KONG, K3 100,000100.0k $1.1k $1.1k 1.24% Unchanged
45 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 64,51064.5k $679.9k $679.9k 0.00% New
46 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio HARRISBURG, PA 54,08154.1k $570.0k $570.0k 0.00% Unchanged
47 OMERS ADMINISTRATION Corp 0.01% of their portfolio TORONTO, A6 50,00050.0k $527.0k $527.0k 0.01% Unchanged
48 DeepCurrents Investment Group LLC 0.02% of their portfolio NEW YORK, NY 49,72549.7k $524.1k $524.1k 0.02% Unchanged
49 BERKLEY W R CORP 0.03% of their portfolio Greenwich, CT 49,71549.7k $524.0k $524.0k 0.03% New
50 DELTEC ASSET MANAGEMENT LLC 0.11% of their portfolio New York, NY 47,29647.3k $498.5k $498.5k 0.11% New
51 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 44,50044.5k $469.0k $469.0k 0.00% Unchanged
52 Exos TFP Holdings LLC 0.21% of their portfolio NEW YORK, NY 40,30040.3k $424.8k $424.8k 0.21% Unchanged
53 GABELLI FUNDS LLC 0.00% of their portfolio Rye, NY 40,06140.1k $422.2k $422.2k 0.00% Unchanged
54 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 39,14739.1k $412.6k $412.6k 0.00% Reduced -63.0k -62,995
55 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 17,30017.3k $182.3k $182.3k 0.00% Added +2.1k +2,100
56 Virtu Financial LLC 0.01% of their portfolio New York, NY 16,96317.0k $179.0k $179.0k 0.01% Added +6.4k +6,385
57 Centiva Capital, LP 0.01% of their portfolio New York, NY 15,25815.3k $160.8k $160.8k 0.01% Unchanged
58 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 13,95214.0k $147.1k $147.1k 0.00% Unchanged
59 CVI Holdings, LLC 0.11% of their portfolio WILMINGTON, DE 10,00010.0k $105.4k $105.4k 0.11% Reduced -39.8k -39,800
60 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 7,2057.2k $75.9k $75.9k 0.00% Reduced -130.0k -130,030
61 Elequin Capital, LP 0.00% of their portfolio NEW YORK, NY 500500 $5.3k $5.3k 0.00% Unchanged
62 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged