Vault-13

MARATHON DIGITAL HOLDINGS IN MARA 1 12.01.26

NOTE 1.000%12/0 · US DOMESTIC · CUSIP 565788AB2

38 institutional holders +7 vs Q4 2022
76,242,00076.2m shares reported held*
$246.3mreported value*
11 new 7 added 9 reduced 4 sold out net bought ≈ $11.3m (+42.2m 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 ($2.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $3.27. Options: 0 managers hold calls (— notional), 2 hold puts ($54.6m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

02040Q4 22: 31Q1 23: 3838Q4 22Q1 23
Numbers
QuarterHolders
Q4 202231
Q1 202338

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $0Q4 22 puts: $15.6mQ4 22P/C —Q1 23 calls: $0Q1 23 puts: $54.6mQ1 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$15.6m—
Q1 2023$0$54.6m—

Biggest buyers

HIGHBRIDGE CAPITAL MANAGEMENT LLC New +70,000,000+70.0m
Anson Funds Management LP Added +32,000,000+32.0m
Shaolin Capital Management LLC Added +14,534,000+14.5m
Murchinson Ltd. New +11,925,000+11.9m
Parkwood LLC New +6,000,000+6.0m
BOOTHBAY FUND MANAGEMENT, LLC New +5,925,000+5.9m
LAZARD ASSET MANAGEMENT LLC Added +4,750,000+4.8m
CSS LLC/IL New +3,500,000+3.5m
JANE STREET GROUP, LLC New +3,242,000+3.2m
Jefferies Financial Group Inc. Added +2,383,000+2.4m

Biggest sellers

SOROS FUND MANAGEMENT LLC Sold out -39,600,000-39.6m
Verition Fund Management LLC Reduced -8,570,421-8.6m
Graham Capital Management, L.P. Reduced -5,500,000-5.5m
AQR Arbitrage LLC Reduced -4,315,000-4.3m
Myriad Asset Management US LP Sold out -3,000,000-3.0m
Arena Investors LP Reduced -2,000,000-2.0m
STATE STREET CORP Reduced -2,000,000-2.0m
BlackRock Inc. Reduced -1,700,000-1.7m
III Capital Management Reduced -1,500,000-1.5m
Ionic Capital Management LLC Reduced -1,000,000-1.0m

Biggest calls

None

Biggest puts

DAVIDSON KEMPNER PARTNERS First filing $27.3m72.2m shares
Davidson Kempner Capital Management LP Added $27.3m72.2m 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, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Shaolin Capital Management LLC 1.71% of their portfolio Miami, FL 148,333,000148.3m $57.1m $57.1m 1.71% Added +14.5m +14,534,000
2 WHITEBOX ADVISORS LLC 1.46% of their portfolio MINNEAPOLIS, MN 80,478,00080.5m $30.4m $30.4m 1.46% Unchanged
3 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 70,000,00070.0m $272.0k $272.0k 0.01% New
4 Anson Funds Management LP 3.44% of their portfolio DALLAS, TX 64,000,00064.0m $24.4m $24.4m 3.44% Added +32.0m +32,000,000
5 LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 50,750,00050.8m $19.7m $19.7m 0.03% Added +4.8m +4,750,000
6 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio BALA CYNWYD, PA 38,200,00038.2m $14.4m $14.4m 0.02% Unchanged
7 WOLVERINE ASSET MANAGEMENT LLC 0.23% of their portfolio CHICAGO, IL 32,300,00032.3m $12.8m $12.8m 0.23% Unchanged
8 DeepCurrents Investment Group LLC 0.45% of their portfolio NEW YORK, NY 27,000,00027.0m $10.4m $10.4m 0.45% Unchanged
9 Solus Alternative Asset Management LP 3.69% of their portfolio Summit, NJ 25,500,00025.5m $9.6m $9.6m 3.69% Unchanged
10 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 17,780,00017.8m $6.7m $6.7m 0.00% Reduced -134.0k -134,000
11 Hudson Bay Capital Management LP 0.04% of their portfolio STAMFORD, CT 16,500,00016.5m $6.2m $6.2m 0.04% Unchanged
12 AQR Arbitrage LLC 0.20% of their portfolio Greenwich, CT 16,435,00016.4m $6.4m $6.4m 0.20% Reduced -4.3m -4,315,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 12,350,00012.3m $4.7m $4.7m 0.00% Reduced -2.0m -2,000,000
14 Murchinson Ltd. 0.86% of their portfolio TORONTO, A6 11,925,00011.9m $4.5m $4.5m 0.86% New
15 Graham Capital Management, L.P. 0.14% of their portfolio ROWAYTON, CT 10,500,00010.5m $4.1m $4.1m 0.14% Reduced -5.5m -5,500,000
16 Calamos Advisors LLC 0.02% of their portfolio NAPERVILLE, IL 10,000,00010.0m $3.8m $3.8m 0.02% Unchanged
17 CAPSTONE INVESTMENT ADVISORS, LLC 0.10% of their portfolio NEW YORK, NY 8,000,0008.0m $3.1m $3.1m 0.10% Unchanged
18 Parallax Volatility Advisers, L.P. 0.11% of their portfolio San Francisco, CA 8,000,0008.0m $3.0m $3.0m 0.11% Added +1.0m +1,000,000
19 Jefferies Financial Group Inc. 0.05% of their portfolio NEW YORK, NY 6,383,0006.4m $2.4m $2.4m 0.05% Added +2.4m +2,383,000
20 Parkwood LLC 0.43% of their portfolio CLEVELAND, OH 6,000,0006.0m $2.3m $2.3m 0.43% New
21 BOOTHBAY FUND MANAGEMENT, LLC 0.06% of their portfolio NEW YORK, NY 5,925,0005.9m $2.3m $2.3m 0.06% New
22 III Capital Management 0.14% of their portfolio BOCA RATON, FL 5,500,0005.5m $2.1m $2.1m 0.14% Reduced -1.5m -1,500,000
23 Arena Investors LP 1.62% of their portfolio PURCHASE, NY 5,000,0005.0m $1.9m $1.9m 1.62% Reduced -2.0m -2,000,000
24 BlackRock Inc. 0.00% of their portfolio New York, NY 4,600,0004.6m $1.7m $1.7m 0.00% Reduced -1.7m -1,700,000
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 3,549,0003.5m $1.3m $1.3m 0.00% Added +790.0k +790,000
26 CSS LLC/IL 0.10% of their portfolio CHICAGO, IL 3,500,0003.5m $1.4m $1.4m 0.10% New
27 Ionic Capital Management LLC 0.48% of their portfolio NEW YORK, NY 3,250,0003.2m $1.2m $1.2m 0.48% Reduced -1.0m -1,000,000
28 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 3,242,0003.2m $1.2m $1.2m 0.00% New
29 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 2,000,0002.0m $756.3k $756.3k 0.00% New
30 Yaupon Capital Management LP 0.12% of their portfolio NEW YORK, NY 2,000,0002.0m $776.3k $776.3k 0.12% Unchanged
31 BASSO CAPITAL MANAGEMENT, L.P. 0.37% of their portfolio STAMFORD, CT 1,000,0001.0m $378.1k $378.1k 0.37% New
32 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 800,000800.0k $800.0k $800.0k 0.00% Unchanged
33 Segantii Capital Management Ltd 0.01% of their portfolio HONG KONG, K3 750,000750.0k $285.9k $285.9k 0.01% New
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 300,000300.0k $114.0k $114.0k 0.00% New
35 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 42,00042.0k $15.8k $15.8k 0.00% New
36 Verition Fund Management LLC 0.05% of their portfolio GREENWICH, CT 8,5798.6k $3.3m $3.3m 0.05% Reduced -8.6m -8,570,421
37 Context Capital Management, LLC 0.26% of their portfolio LAJOLLA, CA 8,0008.0k $3.1m $3.1m 0.26% Added +7.8k +7,750
38 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged