RIGETTI COMPUTING INC RGTIW
*W EXP 99/99/999 · Equity WRT · CUSIP 76655K111
American cloud quantum computing company
- SectorTechnology
- IndustryServices-Computer Programming Services
- HeadquartersBerkeley, CA
- Founded2013
- Websiterigetti.com
- 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 ≈ $0.13. Options: 2 managers hold calls ($34.6k notional), 1 hold puts ($15.6k).
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 31 |
| Q4 2022 | 31 |
| Q1 2023 | 30 |
| Q2 2023 | 24 |
| Q3 2023 | 23 |
| Q4 2023 | 21 |
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 | 7 | 9 |
| Q1 2023 | 5 | 9 |
| Q2 2023 | 2 | 8 |
| Q3 2023 | 4 | 7 |
| Q4 2023 | 2 | 6 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $33.0k | $0 | 0.00 |
| Q2 2023 | $41.2k | $0 | 0.00 |
| Q3 2023 | $75.1k | $0 | 0.00 |
| Q4 2023 | $34.6k | $15.6k | 0.45 |
Biggest buyers
| COWEN AND COMPANY, LLC | New | +698.3k |
| UBS Group AG | Added | +173 |
Biggest sellers
| Corriente Advisors, LLC | Sold out | -115.9k |
| Indaba Capital Management, L.P. | Sold out | -62.5k |
| Virtu Financial LLC | Reduced | -14.1k |
| Eisler Capital (US) LLC | Sold out | -12.5k |
| LMR Partners LLP | Reduced | -10.4k |
| JANE STREET GROUP, LLC | Reduced | -1.1k |
Biggest calls
| DEUTSCHE BANK AG\ | Reduced | $21.0k150.0k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $13.6k100.9k shares |
Biggest puts
| Corriente Advisors, LLC | New | $15.6k115.9k 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 Q4 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 |
|---|---|---|---|---|---|
| Q1 2022 | 1 | — | 0 | — | — |
| Q2 2022 | 0 | — | 4 | $2.2m | — |
| Q3 2022 | 0 | — | 5 | $3.6m | — |
| Q4 2022 | 0 | — | 5 | $818.2k | — |
| Q1 2023 | 0 | — | 3 | $49.7k | — |
| Q2 2023 | 0 | — | 3 | $81.1k | $67.3k |
| Q3 2023 | 0 | — | 4 | $590.6k | $33.1k |
| Q4 2023 | 0 | — | 2 | $48.9k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-11-17 | Danis Richard General Counsel & Corp. Sec. | Sold | $40.8k37.8k shares |
| 2023-11-17 | Rivas David Chief Technology Officer | Sold | $8.1k7.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| LMR Partners LLP 0.00% of their portfolio | 1.4m $186.3k | Reduced -10.4k |
| COWEN AND COMPANY, LLC 0.01% of their portfolio | 698.3k $94.3k | New |
| D.A. DAVIDSON & CO. 0.00% of their portfolio | 125.0k $16.9k | Unchanged |
| Alberta Investment Management Corp 0.00% of their portfolio | 75.0k $10.1k | Unchanged |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 58.7k $7.9k | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 51.1k $6.9k | Reduced -1.1k |
| KIM, LLC 0.00% of their portfolio | 35.9k $4.7k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 30.2k $4.1k | Added +173 |
| FARALLON CAPITAL MANAGEMENT, L.L.C. 0.00% of their portfolio | 22.7k $3.0k | Unchanged |
| CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio | 20.0k $2.7k | Unchanged |
| HRT FINANCIAL LP 0.00% of their portfolio | 18.7k $2.0k | Unchanged |
| Silver Rock Financial LP 0.01% of their portfolio | 16.0k $2.2k | Unchanged |
| SECURITY BENEFIT LIFE INSURANCE CO /KS/ 0.00% of their portfolio | 12.5k $1.6k | Unchanged |
| Virtu Financial LLC 0.00% of their portfolio | 10.4k $1.0k | Reduced -14.1k |
| Texas Yale Capital Corp. 0.00% of their portfolio | 10.0k $1.4k | Unchanged |
| Laurion Capital Management LP 0.00% of their portfolio | 10.0k $1.3k | Unchanged |
| Biltmore Family Office, LLC 0.00% of their portfolio | 10.0k $1.4k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 750 $101 | Unchanged |
| Vestcor Inc 0.00% of their portfolio | 625 $0 | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 7 $0 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |