Vault-13

PHOENIX BIOTECH ACQUISITION CEROW

*W EXP 09/01/202 · Equity WRT · CUSIP 71902K113

36 institutional holders -3 vs Q1 2024
4,717,8664.7m shares reported held*
$110.3kreported value*
1 new 6 added 5 reduced 4 sold out net sold ≈ $1.0k (-54.5k 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 ≈ $0.02. Options: 1 managers hold calls ($2.2k notional), 0 hold puts (—).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 45Q4 22: 51Q1 23: 48Q2 23: 45Q3 23: 45Q4 23: 42Q1 24: 39Q2 24: 3636Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202245
Q4 202251
Q1 202348
Q2 202345
Q3 202345
Q4 202342
Q1 202439
Q2 202436

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 17 bought or addedQ4 22: 11 cut or sold outQ4 22Q1 23: 4 bought or addedQ1 23: 8 cut or sold outQ2 23: 7 bought or addedQ2 23: 9 cut or sold outQ2 23Q3 23: 1 bought or addedQ3 23: 10 cut or sold outQ4 23: 5 bought or addedQ4 23: 9 cut or sold outQ4 23Q1 24: 9 bought or addedQ1 24: 17 cut or sold outQ2 24: 7 bought or addedQ2 24: 9 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221711
Q1 202348
Q2 202379
Q3 2023110
Q4 202359
Q1 2024917
Q2 202479

Calls vs puts

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

CallsPuts
$0$2k$4k$6k$8kQ3 23 calls: $7.8kQ3 23 puts: $0Q3 23P/C 0.00Q4 23 calls: $2.6kQ4 23 puts: $0Q4 23P/C 0.00Q1 24 calls: $7.4kQ1 24 puts: $0Q1 24P/C 0.00Q2 24 calls: $2.2kQ2 24 puts: $0Q2 24P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2023$7.8k$00.00
Q4 2023$2.6k$00.00
Q1 2024$7.4k$00.00
Q2 2024$2.2k$00.00

Biggest buyers

Walleye Capital LLC Added +132,608+132.6k
Walleye Trading LLC Added +74,592+74.6k
COWEN AND COMPANY, LLC Added +48,467+48.5k
CLEAR STREET LLC Added +1,200+1.2k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Added +1,054+1.1k
BANK OF AMERICA CORP /DE/ Added +500+500
ROBINSON CAPITAL MANAGEMENT, LLC New +355+355

Biggest sellers

Periscope Capital Inc. Reduced -163,866-163.9k
Ionic Capital Management LLC Sold out -80,300-80.3k
WOLVERINE ASSET MANAGEMENT LLC Reduced -20,317-20.3k
FLOW TRADERS U.S. LLC Sold out -17,967-18.0k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -13,945-13.9k
Cubist Systematic Strategies, LLC Sold out -10,500-10.5k
Schonfeld Strategic Advisors LLC Reduced -5,000-5.0k
HRT FINANCIAL LP Reduced -212-212
Atalaya Capital Management LP Reduced -133-133

Biggest calls

MILLENNIUM MANAGEMENT LLC Unchanged $2.2k108.8k shares

Biggest puts

None

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: Tibbs Isaiah (4.6%, 2026-08-14)

Insider purchases and sales in Q2 2024

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 829,598829.6k $16.6k $16.6k 0.00% Added +1.1k +1,054
2 COWEN AND COMPANY, LLC 0.00% of their portfolio NEW YORK, NY 687,068687.1k $13.8k $13.8k 0.00% Added +48.5k +48,467
3 CANTOR FITZGERALD, L. P. 0.00% of their portfolio NEW YORK, NY 441,048441.0k $8.9k $8.9k 0.00% Unchanged
4 Periscope Capital Inc. 0.00% of their portfolio Toronto, A6 427,634427.6k $8.6k $8.6k 0.00% Reduced -163.9k -163,866
5 Atalaya Capital Management LP 0.02% of their portfolio NEW YORK, NY 424,867424.9k $8.5k $8.5k 0.02% Reduced -133 -133
6 MMCAP International Inc. SPC 0.00% of their portfolio GRAND CAYMAN, E9 375,000375.0k $7.5k $7.5k 0.00% Unchanged
7 Saba Capital Management, L.P. 0.00% of their portfolio NEW YORK, NY 295,913295.9k $5.9k $5.9k 0.00% Unchanged
8 Clear Street Derivatives LLC 0.00% of their portfolio NEW YORK, NY 268,129268.1k $5.4k $5.4k 0.00% Unchanged
9 Shaolin Capital Management LLC 0.00% of their portfolio Miami, FL 267,599267.6k $5.4k $5.4k 0.00% Unchanged
10 Linden Advisors LP 0.00% of their portfolio New York, NY 249,999250.0k $5.6k $5.6k 0.00% Unchanged
11 Q Global Advisors, LLC 0.00% of their portfolio FORT WORTH, TX 170,785170.8k $3.0k $3.0k 0.00% Unchanged
12 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 156,576156.6k $3.1k $3.1k 0.00% Added +132.6k +132,608
13 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 145,125145.1k $2.9k $2.9k 0.00% Added +1.2k +1,200
14 Context Capital Management, LLC 0.00% of their portfolio LAJOLLA, CA 122,013122.0k $2.5k $2.5k 0.00% Unchanged
15 NEXPOINT ASSET MANAGEMENT, L.P. 0.00% of their portfolio Dallas, TX 108,741108.7k $2.2k $2.2k 0.00% Unchanged
16 Walleye Trading LLC 0.00% of their portfolio NEW YORK, NY 88,07488.1k $1.8k $1.8k 0.00% Added +74.6k +74,592
17 PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio Toronto, A6 75,00075.0k $1.0k $1.0k 0.00% Unchanged
18 Westchester Capital Management, LLC 0.00% of their portfolio VALHALLA, NY 74,99875.0k $1.5k $1.5k 0.00% Unchanged
19 TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio NEW YORK, NY 50,00050.0k $1.0k $1.0k 0.00% Unchanged
20 KIM, LLC 0.00% of their portfolio WICHITA, KS 50,00050.0k $1.0k $1.0k 0.00% Unchanged
21 Yakira Capital Management, Inc. 0.00% of their portfolio Westport, CT 49,99950.0k $1.0k $1.0k 0.00% Unchanged
22 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 43,79643.8k $880 $880 0.00% Reduced -20.3k -20,317
23 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 35,78835.8k $0 $0 0.00% Reduced -212 -212
24 WHITEBOX ADVISORS LLC 0.00% of their portfolio MINNEAPOLIS, MN 25,00025.0k $503 $503 0.00% Unchanged
25 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio WEST PALM BEACH, FL 24,99825.0k $500 $500 0.00% Unchanged
26 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 15,00015.0k $301 $301 0.00% Reduced -5.0k -5,000
27 DUPONT CAPITAL MANAGEMENT CORP 0.00% of their portfolio Wilmington, DE 12,50012.5k $250 $250 0.00% Unchanged
28 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 12,50012.5k $250 $250 0.00% Unchanged
29 Silver Rock Financial LP 0.00% of their portfolio Los Angeles, CA 12,22412.2k $246 $246 0.00% Unchanged
30 Exos Asset Management LLC 0.00% of their portfolio NEW YORK, NY 3,7003.7k $74 $74 0.00% Unchanged
31 Ancora Advisors LLC 0.00% of their portfolio Cleveland, OH 2,5002.5k $50 $50 0.00% Unchanged
32 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 700700 $14 $14 0.00% Added +500 +500
33 ROBINSON CAPITAL MANAGEMENT, LLC 0.00% of their portfolio GROSSE POINTE FARMS, MI 355355 $7 $7 0.00% New
34 Pineridge Advisors LLC 0.00% of their portfolio ST. CHARLES, MO 150150 $3 $3 0.00% Unchanged
35 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 8787 $2 $2 0.00% Unchanged
36 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged