Vault-13

OFFERPAD SOLUTIONS INC

COM CL A · CUSIP 67623L307

38 institutional holders -6 vs Q2 2025
11,701,20611.7m shares reported held*
$48.8mreported value*
8 new 12 added 11 reduced 13 sold out net bought ≈ $6.5m (+1.6m 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 ≈ $4.17. Options: 6 managers hold calls ($10.4m notional), 6 hold puts ($4.4m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q2 23: 43Q3 23: 34Q4 23: 38Q1 24: 45Q2 24: 47Q3 24: 51Q4 24: 53Q1 25: 57Q2 25: 44Q3 25: 3838Q2 23Q4 23Q2 24Q4 24Q2 25Q3 25
Numbers
QuarterHolders
Q2 202343
Q3 202334
Q4 202338
Q1 202445
Q2 202447
Q3 202451
Q4 202453
Q1 202557
Q2 202544
Q3 202538

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 23: 22 bought or addedQ4 23: 8 cut or sold outQ1 24: 19 bought or addedQ1 24: 17 cut or sold outQ1 24Q2 24: 24 bought or addedQ2 24: 23 cut or sold outQ3 24: 25 bought or addedQ3 24: 15 cut or sold outQ3 24Q4 24: 26 bought or addedQ4 24: 12 cut or sold outQ1 25: 20 bought or addedQ1 25: 19 cut or sold outQ1 25Q2 25: 18 bought or addedQ2 25: 34 cut or sold outQ3 25: 20 bought or addedQ3 25: 24 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023228
Q1 20241917
Q2 20242423
Q3 20242515
Q4 20242612
Q1 20252019
Q2 20251834
Q3 20252024

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ4 24 calls: $99.2kQ4 24 puts: $0Q4 24P/C 0.00Q1 25 calls: $0Q1 25 puts: $12.7kQ1 25P/C —Q2 25 calls: $171.4kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $10.4mQ3 25 puts: $4.4mQ3 25P/C 0.43
Numbers
QuarterCallsPutsP/C
Q4 2024$99.2k$00.00
Q1 2025$0$12.7k—
Q2 2025$171.4k$00.00
Q3 2025$10.4m$4.4m0.43

Biggest buyers

Investure, LLC New +521,603+521.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +415,780+415.8k
GROUP ONE TRADING LLC New +406,645+406.6k
BlackRock, Inc. Added +354,299+354.3k
RENAISSANCE TECHNOLOGIES LLC Added +278,200+278.2k
JANE STREET GROUP, LLC Added +238,120+238.1k
SIMPLEX TRADING, LLC Added +159,169+159.2k
NATIONAL BANK OF CANADA /FI/ Added +154,400+154.4k
VANGUARD GROUP INC Added +87,144+87.1k
MORGAN STANLEY Added +65,253+65.3k

Biggest sellers

Ulysses Management LLC Sold out -771,885-771.9k
MILLENNIUM MANAGEMENT LLC Sold out -186,524-186.5k
IEQ CAPITAL, LLC Reduced -134,284-134.3k
GOLDMAN SACHS GROUP INC Sold out -59,359-59.4k
CITADEL ADVISORS LLC Sold out -44,429-44.4k
AQR CAPITAL MANAGEMENT LLC Sold out -34,307-34.3k
Watts Gwilliam & Co., LLC Reduced -24,500-24.5k
XTX Topco Ltd Sold out -18,311-18.3k
Y-Intercept (Hong Kong) Ltd Sold out -17,751-17.8k
Tower Research Capital LLC (TRC) Reduced -7,760-7.8k

Biggest calls

CITADEL ADVISORS LLC Added $4.3m1.0m shares
GROUP ONE TRADING LLC New $2.8m674.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $1.6m378.3k shares
SIMPLEX TRADING, LLC New $786.0k188.7k shares
IMC-Chicago, LLC New $519.6k124.6k shares
JANE STREET GROUP, LLC New $373.2k89.5k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP New $1.7m408.7k shares
CITADEL ADVISORS LLC New $1.0m244.6k shares
NATIONAL BANK OF CANADA /FI/ New $643.8k1.5k shares
GROUP ONE TRADING LLC New $477.5k114.5k shares
SIMPLEX TRADING, LLC New $331.0k79.6k shares
JANE STREET GROUP, LLC New $272.3k65.3k 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, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 First American Financial Corp 7.00% of their portfolio SANTA ANA, CA 5,119,3145.1m $21.3m $21.3m 7.00% Unchanged
2 Kemnay Advisory Services Inc. 0.87% of their portfolio New York, NY 1,379,5071.4m $5.8m $5.8m 0.87% Unchanged
3 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 790,570790.6k $3.3m $3.3m 0.00% Added +87.1k +87,144
4 BlackRock, Inc. 0.00% of their portfolio New York, NY 599,233599.2k $2.5m $2.5m 0.00% Added +354.3k +354,299
5 Wilmington Savings Fund Society, FSB 0.06% of their portfolio WILMINGTON, DE 595,238595.2k $2.5m $2.5m 0.06% Unchanged
6 Investure, LLC 0.13% of their portfolio CHARLOTTESVILLE, VA 521,603521.6k $2.2m $2.2m 0.13% New
7 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 472,996473.0k $2.0m $2.0m 0.00% Added +415.8k +415,780
8 GROUP ONE TRADING LLC 0.05% of their portfolio CHICAGO, IL 406,645406.6k $1.7m $1.7m 0.05% New
9 Watts Gwilliam & Co., LLC 0.21% of their portfolio GILBERT, AZ 309,016309.0k $1.3m $1.3m 0.21% Reduced -24.5k -24,500
10 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 303,053303.1k $1.3m $1.3m 0.00% Added +278.2k +278,200
11 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 286,758286.8k $1.2m $1.2m 0.00% Added +238.1k +238,120
12 SIMPLEX TRADING, LLC 0.01% of their portfolio CHICAGO, IL 162,545162.5k $677.0k $677.0k 0.01% Added +159.2k +159,169
13 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 154,420154.4k $643.9k $643.9k 0.00% Added +154.4k +154,400
14 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 138,197138.2k $576.4k $576.4k 0.00% Added +50.1k +50,138
15 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 78,22078.2k $326.2k $326.2k 0.00% Reduced -134.3k -134,284
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 75,00575.0k $312.8k $312.8k 0.00% Added +65.3k +65,253
17 MONOGRAPH WEALTH ADVISORS, LLC 0.03% of their portfolio MANHATTAN BEACH, CA 59,53459.5k $248.3k $248.3k 0.03% New
18 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 55,53155.5k $231.6k $231.6k 0.00% Unchanged
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 45,43745.4k $189.5k $189.5k 0.00% Added +16.7k +16,660
20 BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio HOUSTON, TX 25,40025.4k $105.9k $105.9k 0.00% Unchanged
21 Pathstone Holdings, LLC 0.00% of their portfolio ENGLEWOOD, NJ 23,81323.8k $99.3k $99.3k 0.00% New
22 Cerity Partners LLC 0.00% of their portfolio NEW YORK, NY 23,80623.8k $99.3k $99.3k 0.00% Reduced -5.1k -5,100
23 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 18,86418.9k $78.7k $78.7k 0.00% New
24 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 16,38916.4k $68.3k $68.3k 0.00% Unchanged
25 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 13,15213.2k $54.8k $54.8k 0.00% New
26 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 11,47711.5k $47.9k $47.9k 0.00% Reduced -1.3k -1,333
27 FMR LLC 0.00% of their portfolio BOSTON, MA 4,9154.9k $20.5k $20.5k 0.00% Reduced -357 -357
28 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 3,6193.6k $15.1k $15.1k 0.00% Reduced -7.8k -7,760
29 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 3,4243.4k $14.3k $14.3k 0.00% New
30 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,0181.0k $4.2k $4.2k 0.00% Added +27 +27
31 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 551551 $2.0k $2.0k 0.00% Reduced -2.0k -2,049
32 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 522522 $2.2k $2.2k 0.00% Reduced -399 -399
33 GPS Wealth Strategies Group, LLC 0.00% of their portfolio CENTENNIAL, CO 500500 $2.1k $2.1k 0.00% Unchanged
34 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 434434 $2.0k $2.0k 0.00% New
35 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 221221 $921 $921 0.00% Reduced -4.8k -4,811
36 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 206206 $896 $896 0.00% Added +200 +200
37 EverSource Wealth Advisors, LLC 0.00% of their portfolio BIRMINGHAM, AL 4343 $179 $179 0.00% Reduced -84 -84
38 CWM, LLC 0.00% of their portfolio OMAHA, NE 3030 $0 $0 0.00% Reduced -2.6k -2,605