Vault-13

KHOSLA VENTURES ACQUISITION

CL A · CUSIP 482504107

12 institutional holders -71 vs Q1 2023
495,873495.9k shares reported held*
$5.1mreported value*
3 new 0 added 4 reduced 72 sold out net sold ≈ $351.0m (-33.9m 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 ≈ $10.37. Options: 1 managers hold calls ($0 notional), 2 hold puts ($2.0k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 101Q4 22: 96Q1 23: 83Q2 23: 1212Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022101
Q4 202296
Q1 202383
Q2 202312

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 22 bought or addedQ4 22: 30 cut or sold outQ4 22Q1 23: 23 bought or addedQ1 23: 33 cut or sold outQ1 23Q2 23: 3 bought or addedQ2 23: 76 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222230
Q1 20232333
Q2 2023376

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 22 calls: $1.4mQ3 22 puts: $298.0kQ3 22P/C 0.21Q4 22 calls: $177.6kQ4 22 puts: $267.5kQ4 22P/C 1.51Q1 23 calls: $0Q1 23 puts: $17.2kQ1 23P/C —Q2 23 calls: $0Q2 23 puts: $2.0kQ2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$1.4m$298.0k0.21
Q4 2022$177.6k$267.5k1.51
Q1 2023$0$17.2k—
Q2 2023$0$2.0k—

Biggest buyers

Shay Capital LLC New +58,103+58.1k
MIZUHO SECURITIES USA LLC New +40,000+40.0k
XTX Topco Ltd New +12,189+12.2k

Biggest sellers

Hudson Bay Capital Management LP Sold out -2,737,892-2.7m
ARISTEIA CAPITAL, L.L.C. Sold out -2,603,000-2.6m
CITADEL ADVISORS LLC Sold out -2,501,682-2.5m
Sculptor Capital LP Sold out -2,049,451-2.0m
JANE STREET GROUP, LLC Sold out -2,000,266-2.0m
MARSHALL WACE, LLP Sold out -1,554,651-1.6m
HSBC HOLDINGS PLC Sold out -1,419,600-1.4m
NOMURA HOLDINGS INC Sold out -1,335,789-1.3m
JANUS HENDERSON GROUP PLC Sold out -1,332,309-1.3m
Periscope Capital Inc. Sold out -1,203,648-1.2m

Biggest calls

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SIMPLEX TRADING, LLC New $2.0k200 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 Castle Creek Arbitrage, LLC 0.24% of their portfolio AVON, CO 185,383185.4k $1.9m $1.9m 0.24% Reduced -176.0k -176,009
2 MOORE CAPITAL MANAGEMENT, LP 0.03% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.03% Reduced -200.0k -200,000
3 Shay Capital LLC 0.21% of their portfolio NEW YORK, NY 58,10358.1k $601.7k $601.7k 0.21% New
4 MIZUHO SECURITIES USA LLC 0.01% of their portfolio NEW YORK, NY 40,00040.0k $410.4k $410.4k 0.01% New
5 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 32,00032.0k $331.4k $331.4k 0.01% Reduced -98.2k -98,192
6 Lombard Odier Asset Management (USA) Corp 0.03% of their portfolio New York, NY 25,00025.0k $260.5k $260.5k 0.03% Unchanged
7 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 24,91124.9k $259.6k $259.6k 0.00% Unchanged
8 Walleye Trading LLC 0.01% of their portfolio NEW YORK, NY 18,00018.0k $186.4k $186.4k 0.01% Reduced -18.5k -18,532
9 XTX Topco Ltd 0.02% of their portfolio LONDON, X0 12,18912.2k $127.0k $127.0k 0.02% New
10 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 286286 $3.0k $3.0k 0.00% Unchanged
11 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 11 $0 $0 0.00% Unchanged
12 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged