KNIGHTSWAN ACQUISITION CORP
*W EXP 99/99/999 · CUSIP 499103117
37
institutional holders
+2 vs Q1 2023
7.8m
shares reported held*
$271.3kreported value*
3 new
2 added
9 reduced
1 sold out
net sold ≈ $313 (-20.9k 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 ($2.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $0.03. Options: 3 managers hold calls ($3.5m notional), 1 hold puts ($26.0k).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 35 |
| Q4 2022 | 39 |
| Q1 2023 | 35 |
| Q2 2023 | 37 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 11 | 9 |
| Q1 2023 | 5 | 8 |
| Q2 2023 | 5 | 10 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $3.3m | $0 | 0.00 |
| Q4 2022 | $3.4m | $0 | 0.00 |
| Q1 2023 | $3.5m | $0 | 0.00 |
| Q2 2023 | $3.5m | $26.0k | 0.01 |
Biggest buyers
| Apollo Management Holdings, L.P. | New | +435.0k |
| Context Capital Management, LLC | New | +250.0k |
| Spartan Fund Management Inc. | New | +44.7k |
| Flow State Investments, L.P. | Added | +5.0k |
| WOLVERINE ASSET MANAGEMENT LLC | Added | +200 |
Biggest sellers
| Shaolin Capital Management LLC | Sold out | -702.5k |
| COWEN AND COMPANY, LLC | Reduced | -21.3k |
| Tidal Investments LLC | Reduced | -15.3k |
| Balyasny Asset Management L.P. | Reduced | -7.8k |
| AQR Arbitrage LLC | Reduced | -3.6k |
| CLEAR STREET LLC | Reduced | -1.7k |
| CVI Holdings, LLC | Reduced | -1.4k |
| Schechter Investment Advisors, LLC | Reduced | -1.3k |
| Parallax Volatility Advisers, L.P. | Reduced | -600 |
| ROBINSON CAPITAL MANAGEMENT, LLC | Reduced | -283 |
Biggest calls
| MARSHALL WACE, LLP | Unchanged | $3.1m289.9k shares |
| DeepCurrents Investment Group LLC | Unchanged | $396.4k37.5k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $14.0k400.0k shares |
Biggest puts
| Shaolin Capital Management LLC | New | $26.0k730.0k 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
| Manager | Shares | Change |
|---|---|---|
| Periscope Capital Inc. 0.00% of their portfolio | 1.2m $42.9k | Unchanged |
| Sculptor Capital LP 0.00% of their portfolio | 750.0k $26.1k | Unchanged |
| AQR Arbitrage LLC 0.00% of their portfolio | 563.1k $19.7k | Reduced -3.6k |
| Calamos Advisors LLC 0.00% of their portfolio | 500.0k $17.5k | Unchanged |
| Apollo Management Holdings, L.P. 0.00% of their portfolio | 435.0k $15.2k | New |
| COWEN AND COMPANY, LLC 0.00% of their portfolio | 424.0k $14.8k | Reduced -21.3k |
| Linden Advisors LP 0.00% of their portfolio | 375.0k $12.9k | Unchanged |
| Saba Capital Management, L.P. 0.00% of their portfolio | 302.2k $10.6k | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 300.0k $10.5k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 255.6k $8.9k | Added +200 |
| Schechter Investment Advisors, LLC 0.00% of their portfolio | 254.4k $8.9k | Reduced -1.3k |
| Context Capital Management, LLC 0.00% of their portfolio | 250.0k $9.0k | New |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 227.3k $8.0k | Unchanged |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 200.0k $7.0k | Unchanged |
| Taconic Capital Advisors LP 0.00% of their portfolio | 200.0k $7.0k | Unchanged |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 167.2k $5.9k | Reduced -7.8k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio | 160.0k $5.6k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 150.0k $5.2k | Unchanged |
| MIZUHO SECURITIES USA LLC 0.00% of their portfolio | 125.7k $1.3k | Unchanged |
| Radcliffe Capital Management, L.P. 0.00% of their portfolio | 125.0k $4.3k | Unchanged |
| CAAS CAPITAL MANAGEMENT LP 0.00% of their portfolio | 119.2k $4.2k | Unchanged |
| Parallax Volatility Advisers, L.P. 0.00% of their portfolio | 114.9k $4.0k | Reduced -600 |
| Flow State Investments, L.P. 0.00% of their portfolio | 80.0k $2.8k | Added +5.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 68.3k $2.4k | Unchanged |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 61.2k $2.1k | Unchanged |
| Wealthspring Capital LLC 0.00% of their portfolio | 60.1k $2.1k | Unchanged |
| Q Global Advisors, LLC 0.00% of their portfolio | 54.5k $2.0k | Unchanged |
| CLEAR STREET LLC 0.00% of their portfolio | 51.0k $1.8k | Reduced -1.7k |
| KIM, LLC 0.00% of their portfolio | 50.0k $1.8k | Unchanged |
| CVI Holdings, LLC 0.00% of their portfolio | 48.6k $1.7k | Reduced -1.4k |
| Spartan Fund Management Inc. 0.00% of their portfolio | 44.7k $2.6k | New |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 25.0k $875 | Unchanged |
| OMERS ADMINISTRATION Corp 0.00% of their portfolio | 20.0k $1.8k | Unchanged |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 14.7k $515 | Reduced -283 |
| Tidal Investments LLC 0.00% of their portfolio | 14.7k $1.0k | Reduced -15.3k |
| Verition Fund Management LLC 0.00% of their portfolio | 10.5k $368 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |