PONO CAP TWO INC SBCWW
*W EXP 07/31/202 · Equity WRT · CUSIP 73245B115
- SectorHealth care
- IndustryServices-Offices & Clinics of Doctors of Medicine
- HeadquartersIrvine, CA
- FilingsSEC EDGAR
* 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 ≈ $1.84. Options: 2 managers hold calls ($595.2k notional), 1 hold puts ($38.0k).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 12 |
| Q4 2022 | 29 |
| Q1 2023 | 31 |
| Q2 2023 | 31 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 19 | 2 |
| Q1 2023 | 5 | 9 |
| Q2 2023 | 6 | 11 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $1.5m | $0 | 0.00 |
| Q4 2022 | $1.5m | $0 | 0.00 |
| Q1 2023 | $593.0k | $0 | 0.00 |
| Q2 2023 | $595.2k | $38.0k | 0.06 |
Biggest buyers
| Cubist Systematic Strategies, LLC | New | +235.0k |
| Yakira Capital Management, Inc. | New | +225.0k |
| Spartan Fund Management Inc. | Added | +158.8k |
| Walleye Capital LLC | New | +144.1k |
| Walleye Trading LLC | New | +81.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +12.0k |
Biggest sellers
| Shaolin Capital Management LLC | Sold out | -632.0k |
| Hudson Bay Capital Management LP | Reduced | -533.7k |
| Weiss Asset Management LP | Reduced | -69.7k |
| COWEN AND COMPANY, LLC | Reduced | -66.0k |
| Wealthspring Capital LLC | Sold out | -33.7k |
| Parallax Volatility Advisers, L.P. | Sold out | -24.6k |
| Sage Mountain Advisors LLC | Sold out | -11.5k |
| CONDOR CAPITAL MANAGEMENT | Sold out | -11.5k |
| AQR Arbitrage LLC | Reduced | -4.8k |
| CLEAR STREET LLC | Reduced | -2.3k |
Biggest calls
| MARSHALL WACE, LLP | Unchanged | $593.8k57.6k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $1.4k24.0k shares |
Biggest puts
| Shaolin Capital Management LLC | New | $38.0k632.0k 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.
Insider purchases and sales in Q2 2023
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.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 0 | — | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 1 | $6.3m | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
None reported in Q2 2023.
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 1.0m $61.6k | Unchanged |
| MANGROVE PARTNERS IM, LLC 0.68% of their portfolio | 930.1k $9.6m | Unchanged |
| BOOTHBAY FUND MANAGEMENT, LLC 0.15% of their portfolio | 467.8k $4.8m | Unchanged |
| ATW SPAC MANAGEMENT LLC 0.02% of their portfolio | 458.5k $27.3k | Unchanged |
| Context Capital Management, LLC 0.00% of their portfolio | 425.0k $25.0k | Unchanged |
| Schechter Investment Advisors, LLC 0.00% of their portfolio | 384.6k $22.9k | Reduced -1.3k |
| AQR Arbitrage LLC 0.00% of their portfolio | 365.3k $21.7k | Reduced -4.8k |
| Taconic Capital Advisors LP 0.00% of their portfolio | 363.0k $17.2k | Unchanged |
| MMCAP International Inc. SPC 0.01% of their portfolio | 330.0k $19.6k | Unchanged |
| Radcliffe Capital Management, L.P. 0.00% of their portfolio | 300.0k $16.8k | Unchanged |
| Periscope Capital Inc. 0.00% of their portfolio | 299.8k $17.8k | Unchanged |
| Spartan Fund Management Inc. 0.00% of their portfolio | 292.3k $15.9k | Added +158.8k |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 258.8k $15.4k | Unchanged |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 235.0k $14.0k | New |
| Weiss Asset Management LP 0.00% of their portfolio | 229.2k $13.6k | Reduced -69.7k |
| Yakira Capital Management, Inc. 0.00% of their portfolio | 225.0k $13.4k | New |
| Hudson Bay Capital Management LP 0.00% of their portfolio | 221.0k $10.5k | Reduced -533.7k |
| Saba Capital Management, L.P. 0.00% of their portfolio | 200.0k $11.9k | Unchanged |
| ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio | 180.0k $10.1k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 172.5k $8.2k | Unchanged |
| Walleye Capital LLC 0.00% of their portfolio | 144.1k $8.6k | New |
| RPO LLC 0.01% of their portfolio | 99.9k $5.9k | Unchanged |
| Walleye Trading LLC 0.00% of their portfolio | 81.0k $4.8k | New |
| Crystalline Management Inc. 0.00% of their portfolio | 80.0k $4.8k | Unchanged |
| COWEN AND COMPANY, LLC 0.00% of their portfolio | 60.2k $3.6k | Reduced -66.0k |
| III Capital Management 0.00% of their portfolio | 55.8k $3.1k | Unchanged |
| Meteora Capital, LLC 0.00% of their portfolio | 35.9k $2.1k | Unchanged |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 35.0k $2.1k | Unchanged |
| CLEAR STREET LLC 0.00% of their portfolio | 34.4k $2.0k | Reduced -2.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 12.0k $712 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |