Vault-13

OFFERPAD SOLUTIONS INC

COM CL A · CUSIP 67623L307

38 institutional holders +4 vs Q3 2023
9,212,5099.2m shares reported held*
$94.4mreported value*
6 new 16 added 5 reduced 3 sold out net bought ≈ $4.4m (+430.5k 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 ≈ $10.25. Options: 7 managers hold calls ($9.5m notional), 2 hold puts ($136.3k).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q2 23: 43Q3 23: 34Q4 23: 3838Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q2 202343
Q3 202334
Q4 202338

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 15 bought or addedQ3 23: 23 cut or sold outQ3 23Q4 23: 22 bought or addedQ4 23: 8 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q3 20231523
Q4 2023228

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $11.0mQ2 23 puts: $48.0kQ2 23P/C 0.00Q3 23 calls: $2.1mQ3 23 puts: $32.2kQ3 23P/C 0.01Q4 23 calls: $9.5mQ4 23 puts: $136.3kQ4 23P/C 0.01
Numbers
QuarterCallsPutsP/C
Q1 2023$0$0—
Q2 2023$11.0m$48.0k0.00
Q3 2023$2.1m$32.2k0.01
Q4 2023$9.5m$136.3k0.01

Biggest buyers

VANGUARD GROUP INC Added +204,167+204.2k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +90,408+90.4k
MORGAN STANLEY Added +27,435+27.4k
MILLENNIUM MANAGEMENT LLC Added +26,757+26.8k
Cerity Partners LLC New +23,396+23.4k
CITIGROUP INC Added +17,522+17.5k
GOLDMAN SACHS GROUP INC New +15,027+15.0k
BANK OF AMERICA CORP /DE/ Added +12,810+12.8k
NORTHERN TRUST CORP Added +12,228+12.2k
BlackRock Inc. Added +7,698+7.7k

Biggest sellers

ROYCE & ASSOCIATES LP Sold out -11,644-11.6k
RENAISSANCE TECHNOLOGIES LLC Reduced -3,900-3.9k
DEUTSCHE BANK AG\ Reduced -2,724-2.7k
STATE STREET CORP Reduced -600-600
FMR LLC Reduced -100-100
TORONTO DOMINION BANK Sold out -86-86
UBS Group AG Reduced -63-63
Bell Investment Advisors, Inc Sold out -42-42

Biggest calls

Alyeska Investment Group, L.P. New $6.2m600.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.0m192.8k shares
GROUP ONE TRADING LLC New $1.2m121.0k shares
CITADEL ADVISORS LLC Added $131.3k12.8k shares
Skaana Management L.P. Unchanged $28.7k2.8k shares
SIMPLEX TRADING, LLC Reduced $1.0k11.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $123.0k12.0k shares
CITADEL ADVISORS LLC Reduced $13.3k1.3k 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: CITADEL ADVISORS LLC (4.2%, 2026-01-21), DAVIDSON KEMPNER CAPITAL MANAGEMENT LP (4.4%, 2026-01-16)

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 First American Financial Corp 15.26% of their portfolio SANTA ANA, CA 5,119,3145.1m $52.5m $52.5m 15.26% First filing
2 Kemnay Advisory Services Inc. 3.43% of their portfolio New York, NY 1,379,5071.4m $14.1m $14.1m 3.43% Unchanged
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,160,9391.2m $11.9m $11.9m 0.00% Added +204.2k +204,167
4 Ulysses Management LLC 1.95% of their portfolio New York, NY 771,885771.9k $7.9m $7.9m 1.95% Unchanged
5 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 129,165129.2k $1.3m $1.3m 0.00% Added +90.4k +90,408
6 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 123,454123.5k $1.3m $1.3m 0.00% Added +1.5k +1,490
7 BlackRock Inc. 0.00% of their portfolio New York, NY 94,09594.1k $964.5k $964.5k 0.00% Added +7.7k +7,698
8 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 55,07555.1k $564.5k $564.5k 0.00% Reduced -600 -600
9 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 51,86551.9k $531.6k $531.6k 0.00% Added +840 +840
10 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 45,61045.6k $467.5k $467.5k 0.00% Added +26.8k +26,757
11 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 39,47839.5k $404.6k $404.6k 0.00% Added +17.5k +17,522
12 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 33,75333.8k $346.0k $346.0k 0.00% Reduced -3.9k -3,900
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 33,38033.4k $342.1k $342.1k 0.00% Added +27.4k +27,435
14 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 31,95232.0k $327.5k $327.5k 0.00% Added +12.2k +12,228
15 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 31,20431.2k $319.8k $319.8k 0.00% Added +340 +340
16 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 30,79430.8k $315.6k $315.6k 0.00% Added +226 +226
17 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 23,39623.4k $239.8k $239.8k 0.00% New
18 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 15,02715.0k $154.0k $154.0k 0.00% New
19 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 13,45813.5k $137.9k $137.9k 0.00% Added +12.8k +12,810
20 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 11,28511.3k $115.7k $115.7k 0.00% Added +2.0k +2,013
21 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 7,2117.2k $73.9k $73.9k 0.00% Reduced -2.7k -2,724
22 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 4,8154.8k $49.4k $49.4k 0.00% New
23 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 1,2611.3k $13.0k $13.0k 0.00% Added +829 +829
24 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 1,0681.1k $10.9k $10.9k 0.00% New
25 GPS Wealth Strategies Group, LLC 0.00% of their portfolio CENTENNIAL, CO 950950 $9.7k $9.7k 0.00% Unchanged
26 FMR LLC 0.00% of their portfolio BOSTON, MA 591591 $6.1k $6.1k 0.00% Reduced -100 -100
27 UBS Group AG 0.00% of their portfolio ZURICH, V8 570570 $5.8k $5.8k 0.00% Reduced -63 -63
28 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 471471 $4.0k $4.0k 0.00% New
29 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 241241 $2.5k $2.5k 0.00% Unchanged
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 240240 $2.5k $2.5k 0.00% Added +159 +159
31 Colonial Trust Advisors 0.00% of their portfolio SPARTANBURG, SC 153153 $1.6k $1.6k 0.00% Unchanged
32 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 129129 $1.3k $1.3k 0.00% Unchanged
33 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 9898 $1.0k $1.0k 0.00% Added +3 +3
34 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 3232 $328 $328 0.00% Unchanged
35 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 2020 $196 $196 0.00% Unchanged
36 Aspire Private Capital, LLC 0.00% of their portfolio Cornelius, NC 2020 $205 $205 0.00% Unchanged
37 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 33 $31 $31 0.00% New
38 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged