Vault-13

HOSTESS BRANDS INC TWNK

CL A · Common Stock · CUSIP 44109J106

293 institutional holders +19 vs Q2 2023
131,517,949131.5m shares reported held*
$4.4bnreported value*
70 new 67 added 120 reduced 54 sold out net sold ≈ $249.4m (-8.0m 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 ($8.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $33.44. Options: 16 managers hold calls ($41.3m notional), 13 hold puts ($51.1m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 255Q4 22: 287Q1 23: 265Q2 23: 274Q3 23: 293293Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022255
Q4 2022287
Q1 2023265
Q2 2023274
Q3 2023293

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 126 bought or addedQ4 22: 140 cut or sold outQ4 22Q1 23: 117 bought or addedQ1 23: 158 cut or sold outQ1 23Q2 23: 107 bought or addedQ2 23: 145 cut or sold outQ2 23Q3 23: 137 bought or addedQ3 23: 174 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022126140
Q1 2023117158
Q2 2023107145
Q3 2023137174

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ4 22 calls: $6.5mQ4 22 puts: $3.5mQ4 22P/C 0.53Q1 23 calls: $4.0mQ1 23 puts: $1.7mQ1 23P/C 0.43Q2 23 calls: $6.3mQ2 23 puts: $2.1mQ2 23P/C 0.33Q3 23 calls: $41.3mQ3 23 puts: $51.1mQ3 23P/C 1.24
Numbers
QuarterCallsPutsP/C
Q4 2022$6.5m$3.5m0.53
Q1 2023$4.0m$1.7m0.43
Q2 2023$6.3m$2.1m0.33
Q3 2023$41.3m$51.1m1.24

Biggest buyers

TIG Advisors, LLC New +2,520,948+2.5m
River Road Asset Management, LLC New +1,629,002+1.6m
First Trust Capital Management L.P. New +1,591,668+1.6m
ALPINE ASSOCIATES MANAGEMENT INC. New +1,342,600+1.3m
Balyasny Asset Management L.P. Added +1,163,852+1.2m
Carlson Capital, L.P. New +975,000+975.0k
Magnetar Financial LLC New +940,189+940.2k
Pentwater Capital Management LP New +900,000+900.0k
WATER ISLAND CAPITAL LLC New +853,795+853.8k
Woodline Partners LP New +804,000+804.0k

Biggest sellers

WESTWOOD HOLDINGS GROUP INC Reduced -2,694,221-2.7m
SNYDER CAPITAL MANAGEMENT L P Reduced -1,988,345-2.0m
AMERIPRISE FINANCIAL INC Reduced -1,890,914-1.9m
EARNEST PARTNERS LLC Reduced -1,866,424-1.9m
Artemis Investment Management LLP Reduced -1,805,176-1.8m
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Reduced -1,621,553-1.6m
Aberdeen Group plc Sold out -1,553,914-1.6m
BANK OF AMERICA CORP /DE/ Reduced -1,438,117-1.4m
JANUS HENDERSON GROUP PLC Reduced -1,301,295-1.3m
LOOMIS SAYLES & CO L P Sold out -1,091,541-1.1m

Biggest calls

JANE STREET GROUP, LLC New $9.3m279.0k shares
GROUP ONE TRADING LLC Added $8.0m239.4k shares
SIMPLEX TRADING, LLC Added $7.1m212.5k shares
DLD Asset Management, LP New $3.3m98.5k shares
Shay Capital LLC New $3.2m97.5k shares
GOLDMAN SACHS GROUP INC New $3.0m89.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $2.3m69.8k shares
CITADEL ADVISORS LLC Reduced $2.0m60.3k shares
Flow State Investments, L.P. New $1.7m50.0k shares
Walleye Trading LLC New $536.3k16.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $18.8m563.8k shares
SIMPLEX TRADING, LLC New $8.2m246.9k shares
Westchester Capital Management, LLC New $7.9m236.3k shares
TIG Advisors, LLC New $6.3m190.4k shares
GROUP ONE TRADING LLC New $3.9m115.7k shares
CITADEL ADVISORS LLC Added $2.3m69.7k shares
Walleye Trading LLC Reduced $1.3m39.0k shares
Centiva Capital, LP New $1.2m37.5k shares
JANE STREET GROUP, LLC New $616.2k18.5k shares
JPMORGAN CHASE & CO New $299.8k9.0k 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.02% of their portfolio New York, NY 20,958,98821.0m $698.1m $698.1m 0.02% Reduced -689.2k -689,237
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 15,248,61315.2m $507.9m $507.9m 0.01% Reduced -563.9k -563,937
3 DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio AUSTIN, TX 8,989,4179.0m $299.4m $299.4m 0.10% Reduced -74.2k -74,206
4 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 4,708,3694.7m $156.8m $156.8m 0.01% Added +40.3k +40,284
5 Champlain Investment Partners, LLC 1.02% of their portfolio BURLINGTON, VT 4,696,5654.7m $156.4m $156.4m 1.02% Added +782.6k +782,630
6 JANUS HENDERSON GROUP PLC 0.07% of their portfolio LONDON, X0 3,325,9673.3m $110.8m $110.8m 0.07% Reduced -1.3m -1,301,295
7 GOLDMAN SACHS GROUP INC 0.03% of their portfolio NEW YORK, NY 3,287,1563.3m $109.5m $109.5m 0.03% Added +186.8k +186,808
8 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 3,047,9823.0m $101.5m $101.5m 0.01% Added +111.5k +111,550
9 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 1.69% of their portfolio CHICAGO, IL 2,842,6422.8m $94.7m $94.7m 1.69% Not comparable
10 MACQUARIE GROUP LTD 0.11% of their portfolio Sydney, NSW 2000, C3 2,527,9662.5m $84.2m $84.2m 0.11% Reduced -74.6k -74,609
11 TIG Advisors, LLC 4.14% of their portfolio New York, NY 2,520,9482.5m $84.0m $84.0m 4.14% New
12 PLATINUM EQUITY, LLC 38.04% of their portfolio Beverly Hills, CA 2,199,4772.2m $73.3m $73.3m 38.04% Unchanged
13 Balyasny Asset Management L.P. 0.17% of their portfolio Chicago, IL 1,836,2891.8m $61.2m $61.2m 0.17% Added +1.2m +1,163,852
14 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 1,722,2771.7m $57.4m $57.4m 0.02% Reduced -1.9m -1,890,914
15 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,653,6911.7m $55.1m $55.1m 0.01% Reduced -21.8k -21,787
16 River Road Asset Management, LLC 0.77% of their portfolio LOUISVILLE, KY 1,629,0021.6m $54.3m $54.3m 0.77% New
17 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 1,615,0871.6m $53.8m $53.8m 0.01% Added +39.5k +39,451
18 Invesco Ltd. 0.01% of their portfolio ATLANTA, GA 1,601,3061.6m $53.3m $53.3m 0.01% Reduced -462.8k -462,820
19 NORGES BANK 0.01% of their portfolio OSLO, Q8 1,594,9751.6m $53.1m $53.1m 0.01% Added +150.0k +150,000
20 First Trust Capital Management L.P. 2.93% of their portfolio CHICAGO, IL 1,591,6681.6m $53.0m $53.0m 2.93% New
21 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 1,370,9701.4m $45.7m $45.7m 0.01% Added +63.6k +63,580
22 ALPINE ASSOCIATES MANAGEMENT INC. 2.34% of their portfolio PALM BEACH, FL 1,342,6001.3m $44.7m $44.7m 2.34% New
23 Nuveen Asset Management, LLC 0.02% of their portfolio CHICAGO, IL 1,317,5941.3m $43.9m $43.9m 0.02% Reduced -277.6k -277,555
24 SNYDER CAPITAL MANAGEMENT L P 0.89% of their portfolio San Francisco, CA 1,185,7011.2m $39.5m $39.5m 0.89% Reduced -2.0m -1,988,345
25 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,150,0231.2m $38.3m $38.3m 0.00% Reduced -524.4k -524,407
26 RENAISSANCE TECHNOLOGIES LLC 0.06% of their portfolio NEW YORK, NY 1,136,4101.1m $37.9m $37.9m 0.06% Reduced -245.3k -245,300
27 Bank of New York Mellon Corp 0.01% of their portfolio NEW YORK, NY 1,124,0951.1m $37.4m $37.4m 0.01% Reduced -66.8k -66,801
28 Boston Partners 0.05% of their portfolio BOSTON, MA 1,104,3311.1m $36.8m $36.8m 0.05% Reduced -38.8k -38,753
29 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 1,089,9451.1m $36.3m $36.3m 0.00% Reduced -1.4m -1,438,117
30 Carlson Capital, L.P. 2.54% of their portfolio DALLAS, TX 975,000975.0k $32.5m $32.5m 2.54% New
31 Magnetar Financial LLC 0.80% of their portfolio EVANSTON, IL 940,189940.2k $31.3m $31.3m 0.80% New
32 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 940,138940.1k $31.3m $31.3m 0.00% Reduced -195.4k -195,392
33 Pentwater Capital Management LP 0.29% of their portfolio Naples, FL 900,000900.0k $30.0m $30.0m 0.29% New
34 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 891,476891.5k $29.7m $29.7m 0.02% Added +16.5k +16,531
35 VOYA INVESTMENT MANAGEMENT LLC 0.03% of their portfolio ATLANTA, GA 884,046884.0k $29.4m $29.4m 0.03% Reduced -87.8k -87,792
36 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 874,425874.4k $29.1m $29.1m 0.01% Reduced -1.6m -1,621,553
37 WATER ISLAND CAPITAL LLC 2.59% of their portfolio NEW YORK, NY 853,795853.8k $28.4m $28.4m 2.59% New
38 ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio NASHVILLE, TN 816,274816.3k $27.2m $27.2m 0.01% Added +542.2k +542,157
39 Woodline Partners LP 0.31% of their portfolio San Francisco, CA 804,000804.0k $26.8m $26.8m 0.31% New
40 BRAUN STACEY ASSOCIATES INC 1.21% of their portfolio NEW YORK, NY 748,270748.3k $24.9m $24.9m 1.21% Reduced -10.2k -10,210
41 UBS Group AG 0.01% of their portfolio ZURICH, V8 744,922744.9k $24.8m $24.8m 0.01% Added +629.0k +629,010
42 PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio DES MOINES, IA 739,865739.9k $24.6m $24.6m 0.02% Reduced -30.8k -30,801
43 Westchester Capital Management, LLC 0.84% of their portfolio VALHALLA, NY 733,181733.2k $24.4m $24.4m 0.84% New
44 Artemis Investment Management LLP 0.34% of their portfolio EDINBURGH, X0 723,251723.3k $24.1m $24.1m 0.34% Reduced -1.8m -1,805,176
45 Public Sector Pension Investment Board 0.18% of their portfolio MONTREAL, A8 714,213714.2k $23.8m $23.8m 0.18% Added +478.4k +478,402
46 GLAZER CAPITAL, LLC 1.53% of their portfolio New York, NY 703,935703.9k $23.4m $23.4m 1.53% New
47 PICTON MAHONEY ASSET MANAGEMENT 1.08% of their portfolio Toronto, A6 700,000700.0k $23.3m $23.3m 1.08% Added +692.0k +692,050
48 GLENMEDE TRUST CO NA 0.13% of their portfolio PHILADELPHIA, PA 678,099678.1k $22.6m $22.6m 0.13% Reduced -203.1k -203,073
49 FMR LLC 0.00% of their portfolio BOSTON, MA 664,873664.9k $22.1m $22.1m 0.00% Reduced -464.4k -464,399
50 Tributary Capital Management, LLC 1.98% of their portfolio OMAHA, NE 628,372628.4k $20.9m $20.9m 1.98% Added +136.4k +136,374
51 CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio TORONTO ONTARIO, A6 583,295583.3k $19.4m $19.4m 0.03% New
52 P SCHOENFELD ASSET MANAGEMENT LP 2.42% of their portfolio NEW YORK, NY 571,600571.6k $19.0m $19.0m 2.42% New
53 Schonfeld Strategic Advisors LLC 0.15% of their portfolio NEW YORK, NY 502,813502.8k $16.7m $16.7m 0.15% Added +491.9k +491,879
54 Man Group plc 0.05% of their portfolio LONDON, X0 501,540501.5k $16.7m $16.7m 0.05% New
55 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 418,015418.0k $13.9m $13.9m 0.02% Reduced -12.1k -12,060
56 CRAMER ROSENTHAL MCGLYNN LLC 0.75% of their portfolio STAMFORD, CT 400,714400.7k $13.3m $13.3m 0.75% Reduced -202.1k -202,071
57 Leeward Investments, LLC - MA 0.65% of their portfolio BOSTON, MA 382,322382.3k $12.7m $12.7m 0.65% Reduced -140.6k -140,608
58 Legal & General Group Plc 0.00% of their portfolio London, X0 372,581372.6k $12.4m $12.4m 0.00% Reduced -10.4k -10,400
59 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 368,329368.3k $12.3m $12.3m 0.02% Added +183.8k +183,849
60 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 340,318340.3k $11.3m $11.3m 0.01% Added +209.5k +209,464
61 GABELLI FUNDS LLC 0.09% of their portfolio Rye, NY 336,636336.6k $11.2m $11.2m 0.09% New
62 Ziegler Capital Management, LLC 0.44% of their portfolio CHICAGO, IL 330,827330.8k $11.0m $11.0m 0.44% Added +327 +327
63 Centiva Capital, LP 0.50% of their portfolio New York, NY 300,000300.0k $10.0m $10.0m 0.50% Added +289.5k +289,466
64 Swiss National Bank 0.01% of their portfolio ZURICH, V8 292,000292.0k $9.7m $9.7m 0.01% Added +1.4k +1,400
65 GABELLI & Co INVESTMENT ADVISERS, INC. 1.58% of their portfolio Rye, NY 291,900291.9k $9.7m $9.7m 1.58% New
66 Qube Research & Technologies Ltd 0.03% of their portfolio LONDON, X0 291,033291.0k $9.7m $9.7m 0.03% Added +260.8k +260,832
67 AQR Arbitrage LLC 0.43% of their portfolio Greenwich, CT 285,330285.3k $9.5m $9.5m 0.43% New
68 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 261,859261.9k $8.7m $8.7m 0.01% Added +147.2k +147,184
69 Bridgewater Associates, LP 0.05% of their portfolio Westport, CT 253,837253.8k $8.5m $8.5m 0.05% Added +11.9k +11,920
70 Cinctive Capital Management LP 0.46% of their portfolio New York, NY 249,877249.9k $8.3m $8.3m 0.46% New
71 Mesirow Institutional Investment Management, Inc. 0.82% of their portfolio CHICAGO, IL 243,788243.8k $8.1m $8.1m 0.82% Reduced -181.0k -180,997
72 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.19% of their portfolio HOUSTON, TX 230,700230.7k $7.7m $7.7m 0.19% Reduced -38.1k -38,100
73 Allspring Global Investments Holdings, LLC 0.01% of their portfolio CHARLOTTE, NC 202,385202.4k $6.7m $6.7m 0.01% Reduced -62.3k -62,345
74 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 200,651200.7k $6.7m $6.7m 0.01% Reduced -119.3k -119,323
75 EAGLE ASSET MANAGEMENT INC 0.04% of their portfolio ST PETERSBURG, FL 199,601199.6k $6.6m $6.6m 0.04% Reduced -50.0k -49,969
76 WESTWOOD HOLDINGS GROUP INC 0.06% of their portfolio DALLAS, TX 198,093198.1k $6.6m $6.6m 0.06% Reduced -2.7m -2,694,221
77 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 188,554188.6k $6.3m $6.3m 0.01% Reduced -27.8k -27,804
78 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 187,376187.4k $6.2m $6.2m 0.01% Added +54.1k +54,140
79 Sand Grove Capital Management LLP 0.88% of their portfolio LONDON, X0 184,534184.5k $6.1m $6.1m 0.88% New
80 SYQUANT CAPITAL SAS 2.39% of their portfolio PARIS, I0 183,050183.1k $6.1m $6.1m 2.39% New
81 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 173,854173.9k $5.8m $5.8m 0.00% Added +2.5k +2,460
82 CapWealth Advisors, LLC 0.71% of their portfolio FRANKLIN, TN 167,013167.0k $5.6m $5.6m 0.71% Reduced -11.1k -11,117
83 STATE OF WISCONSIN INVESTMENT BOARD 0.02% of their portfolio MADISON, WI 166,445166.4k $5.5m $5.5m 0.02% Added +155.9k +155,890
84 PRUDENTIAL FINANCIAL INC 0.01% of their portfolio NEWARK, NJ 158,546158.5k $5.3m $5.3m 0.01% Reduced -14.3k -14,280
85 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 154,818154.8k $5.2m $5.2m 0.00% Reduced -233.6k -233,560
86 NORDEA INVESTMENT MANAGEMENT AB 0.01% of their portfolio STOCKHOLM, V7 147,533147.5k $4.9m $4.9m 0.01% Reduced -5.0k -5,025
87 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 146,797146.8k $4.9m $4.9m 0.01% Reduced -14.9k -14,866
88 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 144,618144.6k $4.8m $4.8m 0.01% Reduced -442.0k -441,974
89 Phocas Financial Corp. 0.70% of their portfolio ALAMEDA, CA 144,339144.3k $4.8m $4.8m 0.70% Reduced -187.1k -187,050
90 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 135,107135.1k $4.5m $4.5m 0.00% Added +40.2k +40,156
91 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 132,913132.9k $4.4m $4.4m 0.01% Reduced -229.6k -229,601
92 Weiss Multi-Strategy Advisers LLC 0.10% of their portfolio NEW YORK, NY 125,000125.0k $4.2m $4.2m 0.10% New
93 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 121,540121.5k $4.0m $4.0m 0.01% Reduced -5.5k -5,548
94 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 120,544120.5k $4.0m $4.0m 0.01% Added +91 +91
95 SG Americas Securities, LLC 0.05% of their portfolio NEW YORK, NY 119,202119.2k $4.0m $4.0m 0.05% New
96 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 115,351115.4k $3.8m $3.8m 0.01% Reduced -958 -958
97 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 114,016114.0k $3.8m $3.8m 0.00% Reduced -519.0k -518,957
98 TEXAS PERMANENT SCHOOL FUND CORP 0.04% of their portfolio AUSTIN, TX 112,836112.8k $3.8m $3.8m 0.04% Reduced -4.1k -4,136
99 MCMORGAN & CO LLC 0.65% of their portfolio SAN FRANCISCO, CA 105,935105.9k $3.5m $3.5m 0.65% Added +22.2k +22,182
100 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 103,154103.2k $3.4m $3.4m 0.00% Reduced -189.2k -189,177