Vault-13

HOSTESS BRANDS INC TWNK

CL A · Common Stock · CUSIP 44109J106

3 institutional holders -290 vs Q3 2023
266266 shares reported held*
$10.7kreported value*
1 new 1 added 0 reduced 285 sold out net sold ≈ $4.7bn (-128.8m 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 ≈ $40.13.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 255Q4 22: 287Q1 23: 265Q2 23: 274Q3 23: 293Q4 23: 33Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022255
Q4 2022287
Q1 2023265
Q2 2023274
Q3 2023293
Q4 20233

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 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 23Q4 23: 2 bought or addedQ4 23: 285 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022126140
Q1 2023117158
Q2 2023107145
Q3 2023137174
Q4 20232285

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ1 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 1.24Q4 23 calls: $0Q4 23 puts: $0Q4 23P/C —
Numbers
QuarterCallsPutsP/C
Q1 2023$4.0m$1.7m0.43
Q2 2023$6.3m$2.1m0.33
Q3 2023$41.3m$51.1m1.24
Q4 2023$0$0—

Biggest buyers

IFP Advisors, Inc Added +91+91
Blue Trust, Inc. New +83+83

Biggest sellers

BlackRock Inc. Sold out -20,958,988-21.0m
VANGUARD GROUP INC Sold out -15,248,613-15.2m
DIMENSIONAL FUND ADVISORS LP Sold out -8,989,417-9.0m
STATE STREET CORP Sold out -4,708,369-4.7m
Champlain Investment Partners, LLC Sold out -4,696,565-4.7m
JANUS HENDERSON GROUP PLC Sold out -3,325,967-3.3m
GOLDMAN SACHS GROUP INC Sold out -3,287,156-3.3m
GEODE CAPITAL MANAGEMENT, LLC Sold out -3,047,982-3.0m
MACQUARIE GROUP LTD Sold out -2,527,966-2.5m
TIG Advisors, LLC Sold out -2,520,948-2.5m

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 182182 $6.1k $6.1k 0.00% Added +91 +91
2 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 8383 $3.0k $3.0k 0.00% New
3 HUNTINGTON NATIONAL BANK 0.00% of their portfolio COLUMBUS, OH 11 $1.6k $1.6k 0.00% Unchanged