MONTEREY CAP ACQUISITION COR
CLASS A COM · CUSIP 61244M109
38
institutional holders
+3 vs Q1 2023
9.0m
shares reported held*
$95.6mreported value*
7 new
11 added
7 reduced
3 sold out
net sold ≈ $5.2m (-493.7k 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 ≈ $10.64. Options: 0 managers hold calls (— notional), 1 hold puts ($3.8m).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 26 |
| Q4 2022 | 32 |
| Q1 2023 | 35 |
| Q2 2023 | 38 |
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 | 5 |
| Q1 2023 | 11 | 11 |
| Q2 2023 | 18 | 10 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $0 | $0 | — |
| Q4 2022 | $0 | $0 | — |
| Q1 2023 | $0 | $0 | — |
| Q2 2023 | $0 | $3.8m | — |
Biggest buyers
| Spartan Fund Management Inc. | Added | +305.2k |
| First Trust Capital Management L.P. | New | +300.0k |
| Westchester Capital Management, LLC | Added | +134.1k |
| Quarry LP | New | +61.7k |
| Periscope Capital Inc. | Added | +48.5k |
| K2 PRINCIPAL FUND, L.P. | New | +45.6k |
| KIM, LLC | New | +40.4k |
| BERKLEY W R CORP | New | +39.4k |
| DEUTSCHE BANK AG\ | Added | +33.4k |
| MIZUHO SECURITIES USA LLC | New | +25.0k |
Biggest sellers
| Context Capital Management, LLC | Reduced | -500.0k |
| Shaolin Capital Management LLC | Sold out | -361.6k |
| Hudson Bay Capital Management LP | Reduced | -266.9k |
| ATW SPAC MANAGEMENT LLC | Reduced | -198.0k |
| TWO SIGMA INVESTMENTS, LP | Sold out | -197.4k |
| Ergoteles LLC | Sold out | -30.0k |
| Karpus Management, Inc. | Reduced | -21.1k |
| GLAZER CAPITAL, LLC | Reduced | -5.1k |
| AQR Arbitrage LLC | Reduced | -824 |
| Exos TFP Holdings LLC | Reduced | -1 |
Biggest calls
| None |
Biggest puts
| Shaolin Capital Management LLC | New | $3.8m361.6k 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 |
|---|---|---|
| Polar Asset Management Partners Inc. 0.19% of their portfolio | 892.0k $9.3m | Unchanged |
| OAKTREE CAPITAL MANAGEMENT LP 0.11% of their portfolio | 792.0k $8.3m | Unchanged |
| Yakira Capital Management, Inc. 2.20% of their portfolio | 790.8k $8.3m | Unchanged |
| Periscope Capital Inc. 0.65% of their portfolio | 788.8k $8.3m | Added +48.5k |
| GLAZER CAPITAL, LLC 0.48% of their portfolio | 688.5k $7.2m | Reduced -5.1k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.19% of their portfolio | 594.0k $6.2m | Unchanged |
| ATW SPAC MANAGEMENT LLC 4.42% of their portfolio | 594.0k $6.2m | Reduced -198.0k |
| Westchester Capital Management, LLC 0.16% of their portfolio | 446.9k $4.7m | Added +134.1k |
| Cubist Systematic Strategies, LLC 0.04% of their portfolio | 385.2k $4.0m | Unchanged |
| Hudson Bay Capital Management LP 0.04% of their portfolio | 383.1k $4.0m | Reduced -266.9k |
| Starboard Value LP 0.08% of their portfolio | 375.0k $3.9m | Unchanged |
| Spartan Fund Management Inc. 1.17% of their portfolio | 305.4k $4.8m | Added +305.2k |
| First Trust Capital Management L.P. 0.19% of their portfolio | 300.0k $3.1m | New |
| AQR Arbitrage LLC 0.13% of their portfolio | 290.8k $3.0m | Reduced -824 |
| WOLVERINE ASSET MANAGEMENT LLC 0.05% of their portfolio | 276.8k $2.9m | Added +22.0k |
| Karpus Management, Inc. 0.07% of their portfolio | 221.9k $2.3m | Reduced -21.1k |
| RPO LLC 1.53% of their portfolio | 143.5k $1.5m | Added +3.2k |
| CVI Holdings, LLC 1.11% of their portfolio | 100.0k $1.0m | Unchanged |
| WHITEBOX ADVISORS LLC 0.04% of their portfolio | 75.0k $783.8k | Unchanged |
| Quarry LP 0.42% of their portfolio | 61.7k $646.1k | New |
| Warberg Asset Management LLC 0.18% of their portfolio | 60.9k $637.2k | Added +11.4k |
| Terrapin Asset Management, LLC 0.88% of their portfolio | 60.0k $627.9k | Unchanged |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 52.6k $550.4k | Added +33.4k |
| K2 PRINCIPAL FUND, L.P. 0.15% of their portfolio | 45.6k $477.1k | New |
| Context Capital Management, LLC 0.04% of their portfolio | 42.0k $440.0k | Reduced -500.0k |
| KIM, LLC 0.04% of their portfolio | 40.4k $422.9k | New |
| BERKLEY W R CORP 0.02% of their portfolio | 39.4k $411.8k | New |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 36.0k $376.7k | Unchanged |
| MIZUHO SECURITIES USA LLC 0.01% of their portfolio | 25.0k $259.5k | New |
| CAAS CAPITAL MANAGEMENT LP 0.12% of their portfolio | 23.3k $243.7k | Added +1.5k |
| FIR TREE CAPITAL MANAGEMENT LP 0.02% of their portfolio | 15.0k $156.9k | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 12.9k $134.9k | Added +1.5k |
| Exos TFP Holdings LLC 0.06% of their portfolio | 12.5k $130.6k | Reduced -1 |
| Virtu Financial LLC 0.01% of their portfolio | 12.2k $128.0k | New |
| CLEAR STREET LLC 0.00% of their portfolio | 1.8k $18.6k | Added +1.8k |
| Elequin Capital, LP 0.00% of their portfolio | 900 $9.4k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 90 $942 | Added +83 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |