Vault-13

NORTHERN STAR INVSTMNT CORP

COM CLASS A · CUSIP 66573W107

20 institutional holders -51 vs Q4 2022
1,579,7421.6m shares reported held*
$18.9mreported value*
6 new 2 added 8 reduced 54 sold out net sold ≈ $242.6m (-24.3m 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 ≈ $11.95. Options: 1 managers hold calls ($0 notional), 2 hold puts ($109.2k).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 88Q4 22: 71Q1 23: 2020Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202288
Q4 202271
Q1 202320

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 27 bought or addedQ4 22: 43 cut or sold outQ4 22Q1 23: 8 bought or addedQ1 23: 62 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20222743
Q1 2023862

Calls vs puts

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

CallsPuts
$0$500k$1m$1.5mQ3 22 calls: $569.0kQ3 22 puts: $1.5mQ3 22P/C 2.61Q4 22 calls: $481.9kQ4 22 puts: $997.9kQ4 22P/C 2.07Q1 23 calls: $0Q1 23 puts: $109.2kQ1 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$569.0k$1.5m2.61
Q4 2022$481.9k$997.9k2.07
Q1 2023$0$109.2k—

Biggest buyers

PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO New +134,828+134.8k
Tidal Investments LLC New +80,000+80.0k
ROBINSON CAPITAL MANAGEMENT, LLC New +50,258+50.3k
DEUTSCHE BANK AG\ New +48,957+49.0k
Crestline Management, L.P. New +43,619+43.6k
CIBC Private Wealth Group LLC Added +20,000+20.0k
SIMPLEX TRADING, LLC Added +1,660+1.7k
MORGAN STANLEY New +1+1

Biggest sellers

CITADEL ADVISORS LLC Sold out -2,006,728-2.0m
MARSHALL WACE, LLP Sold out -1,830,601-1.8m
HSBC HOLDINGS PLC Sold out -1,600,000-1.6m
Atlas Merchant Capital LLC Sold out -1,596,674-1.6m
Sculptor Capital LP Sold out -1,301,137-1.3m
MILLENNIUM MANAGEMENT LLC Sold out -1,293,242-1.3m
First Trust Capital Management L.P. Sold out -1,266,995-1.3m
D. E. Shaw & Co., Inc. Sold out -1,188,407-1.2m
Arena Capital Advisors, LLC- CA Sold out -924,712-924.7k
Quarry LP Sold out -848,105-848.1k

Biggest calls

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $109.2k10.9k 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, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Polar Asset Management Partners Inc. 0.06% of their portfolio TORONTO, A6 335,000335.0k $3.4m $3.4m 0.06% Reduced -312 -312
2 LMR Partners LLP 0.04% of their portfolio LONDON, X0 200,000200.0k $2.0m $2.0m 0.04% Unchanged
3 Periscope Capital Inc. 0.09% of their portfolio Toronto, A6 200,000200.0k $2.0m $2.0m 0.09% Reduced -708.4k -708,355
4 Sandia Investment Management LP 0.37% of their portfolio BOSTON, MA 200,000200.0k $2.0m $2.0m 0.37% Unchanged
5 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio COLUMBUS, OH 134,828134.8k $1.4m $1.4m 0.01% New
6 FIR TREE CAPITAL MANAGEMENT LP 0.10% of their portfolio New York, NY 120,391120.4k $1.2m $1.2m 0.10% Reduced -215.4k -215,357
7 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 80,00080.0k $808.0k $808.0k 0.01% New
8 ROBINSON CAPITAL MANAGEMENT, LLC 0.24% of their portfolio GROSSE POINTE FARMS, MI 50,25850.3k $504.9k $504.9k 0.24% New
9 MOORE CAPITAL MANAGEMENT, LP 0.02% of their portfolio NEW YORK, NY 50,00050.0k $501.0k $501.0k 0.02% Reduced -225.0k -225,000
10 Meteora Capital, LLC 0.06% of their portfolio Boca Raton, FL 49,35249.4k $494.5k $494.5k 0.06% Reduced -150.6k -150,648
11 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 48,95749.0k $490.5k $490.5k 0.00% New
12 Crestline Management, L.P. 0.05% of their portfolio FORT WORTH, TX 43,61943.6k $437.1k $437.1k 0.05% New
13 CIBC Private Wealth Group LLC 0.00% of their portfolio ATLANTA, GA 40,00040.0k $3.4m $3.4m 0.00% Added +20.0k +20,000
14 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 25,08325.1k $251.3k $251.3k 0.01% Reduced -76.4k -76,362
15 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 1,6611.7k $16.0k $16.0k 0.00% Added +1.7k +1,660
16 UBS Group AG 0.00% of their portfolio ZURICH, V8 500500 $5.0k $5.0k 0.00% Reduced -13.3k -13,306
17 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 5050 $501 $501 0.00% Unchanged
18 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4242 $0 $0 0.00% Reduced -39 -39
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 11 $10 $10 0.00% New
20 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged