Vault-13

SHOULDERUP TECHNOLOGY ACQUIS

CL A COM · CUSIP 82537G104

19 institutional holders -43 vs Q1 2023
4,190,5624.2m shares reported held*
$43.7mreported value*
3 new 6 added 8 reduced 44 sold out net sold ≈ $232.3m (-22.3m 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 ≈ $10.42. Options: 1 managers hold calls ($156.2k notional), 0 hold puts (—).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 61Q4 22: 63Q1 23: 62Q2 23: 1919Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202261
Q4 202263
Q1 202362
Q2 202319

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 12 bought or addedQ4 22: 13 cut or sold outQ4 22Q1 23: 15 bought or addedQ1 23: 17 cut or sold outQ1 23Q2 23: 9 bought or addedQ2 23: 52 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221213
Q1 20231517
Q2 2023952

Calls vs puts

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

CallsPuts
$0$50k$100k$150k$200kQ3 22 calls: $150.0kQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $153.0kQ4 22 puts: $0Q4 22P/C 0.00Q1 23 calls: $156.0kQ1 23 puts: $0Q1 23P/C 0.00Q2 23 calls: $156.2kQ2 23 puts: $0Q2 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2022$150.0k$00.00
Q4 2022$153.0k$00.00
Q1 2023$156.0k$00.00
Q2 2023$156.2k$00.00

Biggest buyers

Exos TFP Holdings LLC New +280,000+280.0k
Atlas Merchant Capital LLC Added +201,000+201.0k
Sandia Investment Management LP New +200,000+200.0k
Centiva Capital, LP Added +188,914+188.9k
CSS LLC/IL New +46,231+46.2k
MOORE CAPITAL MANAGEMENT, LP Added +25,000+25.0k
Radcliffe Capital Management, L.P. Added +24,185+24.2k
Virtu Financial LLC Added +19,948+19.9k
Walleye Capital LLC Added +10,446+10.4k

Biggest sellers

Calamos Advisors LLC Sold out -2,000,000-2.0m
Saba Capital Management, L.P. Sold out -1,879,261-1.9m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -1,867,841-1.9m
Periscope Capital Inc. Reduced -1,100,088-1.1m
CANTOR FITZGERALD, L. P. Sold out -908,700-908.7k
HGC Investment Management Inc. Sold out -900,000-900.0k
First Trust Capital Management L.P. Sold out -891,762-891.8k
Hudson Bay Capital Management LP Sold out -800,000-800.0k
NOMURA HOLDINGS INC Sold out -783,000-783.0k
AQR Arbitrage LLC Reduced -773,403-773.4k

Biggest calls

Paloma Partners Management Co Unchanged $156.2k15.0k 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.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 FIR TREE CAPITAL MANAGEMENT LP 0.41% of their portfolio New York, NY 400,000400.0k $4.2m $4.2m 0.41% Reduced -93.5k -93,500
2 AQR Arbitrage LLC 0.18% of their portfolio Greenwich, CT 400,000400.0k $4.2m $4.2m 0.18% Reduced -773.4k -773,403
3 Polar Asset Management Partners Inc. 0.08% of their portfolio TORONTO, A6 400,000400.0k $4.2m $4.2m 0.08% Reduced -225.0k -225,000
4 Castle Creek Arbitrage, LLC 0.52% of their portfolio AVON, CO 400,000400.0k $4.2m $4.2m 0.52% Reduced -633.5k -633,498
5 Periscope Capital Inc. 0.33% of their portfolio Toronto, A6 400,000400.0k $4.2m $4.2m 0.33% Reduced -1.1m -1,100,088
6 Atlas Merchant Capital LLC 0.89% of their portfolio New York, NY 400,000400.0k $4.2m $4.2m 0.89% Added +201.0k +201,000
7 Radcliffe Capital Management, L.P. 0.36% of their portfolio BALA CYNWYD, PA 399,700399.7k $4.2m $4.2m 0.36% Added +24.2k +24,185
8 Exos TFP Holdings LLC 1.44% of their portfolio NEW YORK, NY 280,000280.0k $2.9m $2.9m 1.44% New
9 Centiva Capital, LP 0.14% of their portfolio New York, NY 263,363263.4k $2.7m $2.7m 0.14% Added +188.9k +188,914
10 MOORE CAPITAL MANAGEMENT, LP 0.05% of their portfolio NEW YORK, NY 200,000200.0k $2.1m $2.1m 0.05% Added +25.0k +25,000
11 Sandia Investment Management LP 0.64% of their portfolio BOSTON, MA 200,000200.0k $2.1m $2.1m 0.64% New
12 TENOR CAPITAL MANAGEMENT Co., L.P. 0.03% of their portfolio NEW YORK, NY 120,000120.0k $1.2m $1.2m 0.03% Reduced -105.0k -105,000
13 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.06% Reduced -1.9m -1,867,841
14 Walleye Capital LLC 0.02% of their portfolio NEW YORK, NY 95,19895.2k $991.0k $991.0k 0.02% Added +10.4k +10,446
15 Walleye Trading LLC 0.03% of their portfolio NEW YORK, NY 54,00054.0k $562.1k $562.1k 0.03% Unchanged
16 CSS LLC/IL 0.04% of their portfolio CHICAGO, IL 46,23146.2k $481.3k $481.3k 0.04% New
17 Virtu Financial LLC 0.03% of their portfolio New York, NY 32,05732.1k $334.0k $334.0k 0.03% Added +19.9k +19,948
18 UBS Group AG 0.00% of their portfolio ZURICH, V8 1313 $135 $135 0.00% Reduced -3.0k -3,000
19 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged