SILVERGATE CAP CORP SICP
CL A · Common Stock · CUSIP 82837P408 · ISIN US82837P4081
114
institutional holders
-109 vs Q4 2022
9.9m
shares reported held*
$16.1mreported value*
22 new
28 added
51 reduced
128 sold out
net sold ≈ $33.7m (-20.8m 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 ($31.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1.62. Options: 22 managers hold calls ($12.9m notional), 28 hold puts ($20.9m).
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 268 |
| Q4 2022 | 223 |
| Q1 2023 | 114 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 133 | 159 |
| Q1 2023 | 50 | 179 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $134.7m | $106.4m | 0.79 |
| Q4 2022 | $177.7m | $191.7m | 1.08 |
| Q1 2023 | $12.9m | $20.9m | 1.62 |
Biggest buyers
| Invesco Ltd. | Added | +644.2k |
| Quinn Opportunity Partners LLC | New | +561.8k |
| BARCLAYS PLC | Added | +528.9k |
| NOMURA HOLDINGS INC | Added | +470.4k |
| JANE STREET GROUP, LLC | Added | +443.0k |
| BANK OF AMERICA CORP /DE/ | Added | +348.9k |
| Deer Park Road Corp | New | +250.0k |
| Point72 Middle East FZE | Added | +156.5k |
| STILWELL VALUE LLC | Added | +126.5k |
| TUDOR INVESTMENT CORP ET AL | New | +113.4k |
Biggest sellers
| STATE STREET CORP | Reduced | -2.9m |
| block.one | Sold out | -2.6m |
| BlackRock Inc. | Reduced | -2.3m |
| Miller Value Partners, LLC | Sold out | -1.4m |
| VANGUARD GROUP INC | Reduced | -1.3m |
| Anson Funds Management LP | Sold out | -1.1m |
| RENAISSANCE TECHNOLOGIES LLC | Sold out | -1.1m |
| MORGAN STANLEY | Reduced | -800.7k |
| AMERIPRISE FINANCIAL INC | Sold out | -642.4k |
| Point72 Asset Management, L.P. | Reduced | -580.4k |
Biggest calls
| GROUP ONE TRADING LLC | Reduced | $3.3m2.1m shares |
| CITADEL ADVISORS LLC | Reduced | $1.9m1.2m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.8m1.1m shares |
| JANE STREET GROUP, LLC | Reduced | $1.1m652.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $944.0k583.2k shares |
| NATIONAL BANK OF CANADA /FI/ | New | $790.6k4.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $649.0k400.6k shares |
| IMC-Chicago, LLC | Reduced | $610.6k376.9k shares |
| Jefferies Financial Group Inc. | New | $394.5k243.5k shares |
| Longitude (Cayman) Ltd. | Added | $251.1k155.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $3.7m2.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.7m2.3m shares |
| Deer Park Road Corp | New | $3.2m2.0m shares |
| NOMURA HOLDINGS INC | Added | $1.6m989.4k shares |
| GROUP ONE TRADING LLC | Reduced | $1.5m898.4k shares |
| SIMPLEX TRADING, LLC | Added | $1.4m864.3k shares |
| JANE STREET GROUP, LLC | Reduced | $890.0k549.4k shares |
| Cutler Group LLC / CA | Added | $697.0k156.7k shares |
| NATIONAL BANK OF CANADA /FI/ | Added | $550.5k3.4k shares |
| BANK OF AMERICA CORP /DE/ | New | $543.0k335.2k 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.
Holders, Q1 2023
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.00% of their portfolio | 1.7m $2.8m | Reduced -1.3m |
| Invesco Ltd. 0.00% of their portfolio | 1.0m $1.6m | Added +644.2k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 814.2k $1.3m | Reduced -328.6k |
| BARCLAYS PLC 0.00% of their portfolio | 624.9k $1.0m | Added +528.9k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 590.0k $955.8k | Added +443.0k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 562.2k $910.8k | Reduced -12.0k |
| Quinn Opportunity Partners LLC 0.10% of their portfolio | 561.8k $910.0k | New |
| NOMURA HOLDINGS INC 0.01% of their portfolio | 477.0k $772.7k | Added +470.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 415.3k $672.9k | Added +348.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 362.4k $587.1k | Reduced -24.6k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 357.9k $579.8k | Reduced -295.9k |
| Deer Park Road Corp 1.05% of their portfolio | 250.0k $405.0k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 227.8k $369.0k | Reduced -124.6k |
| STILWELL VALUE LLC 0.19% of their portfolio | 197.5k $319.9k | Added +126.5k |
| Point72 Middle East FZE 0.02% of their portfolio | 170.9k $276.9k | Added +156.5k |
| TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio | 113.4k $184.0k | New |
| Virtu Financial LLC 0.02% of their portfolio | 97.6k $158.0k | New |
| UBS Group AG 0.00% of their portfolio | 91.0k $147.5k | Added +62.3k |
| Swiss National Bank 0.00% of their portfolio | 68.4k $110.8k | Reduced -8.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 67.7k $109.7k | Added +33.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 65.3k $106.0k | Added +18.3k |
| TWO SIGMA SECURITIES, LLC 0.01% of their portfolio | 62.5k $101.2k | New |
| MORGAN STANLEY 0.00% of their portfolio | 60.6k $98.1k | Reduced -800.7k |
| GUGGENHEIM CAPITAL LLC 0.00% of their portfolio | 54.8k $88.8k | Added +2.7k |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 54.5k $88.3k | New |
| STATE STREET CORP 0.00% of their portfolio | 46.3k $75.1k | Reduced -2.9m |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 43.5k $70.5k | Added +17.6k |
| LPL Financial LLC 0.00% of their portfolio | 41.0k $66.5k | Added +637 |
| PEAK6 Investments LLC 0.00% of their portfolio | 41.0k $66.5k | Reduced -39.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 35.6k $57.6k | Reduced -126.1k |
| Walleye Capital LLC 0.00% of their portfolio | 34.7k $56.2k | Reduced -627 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 32.0k $51.9k | Reduced -35.2k |
| Longitude (Cayman) Ltd. 0.10% of their portfolio | 30.0k $48.6k | New |
| XTX Topco Ltd 0.01% of their portfolio | 29.7k $48.2k | Added +6.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 29.0k $47.0k | Reduced -219.2k |
| CITIGROUP INC 0.00% of their portfolio | 28.5k $46.2k | Added +22.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 25.7k $41.6k | Reduced -255.0k |
| Janney Montgomery Scott LLC 0.00% of their portfolio | 25.2k $41.0k | Added +13.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 24.1k $39.0k | Unchanged |
| Cutler Group LLC / CA 0.01% of their portfolio | 23.1k $37.0k | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 20.7k $33.6k | Reduced -137.3k |
| BlackRock Inc. 0.00% of their portfolio | 20.3k $33.0k | Reduced -2.3m |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 20.0k $32.4k | Reduced -16.5k |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 19.6k $31.8k | Reduced -580.4k |
| Harvest Portfolios Group Inc. 0.00% of their portfolio | 19.6k $31.7k | Reduced -5.8k |
| WOLVERINE TRADING, LLC 0.00% of their portfolio | 19.5k $32.0k | Reduced -3.7k |
| EJF Capital LP 0.01% of their portfolio | 18.9k $30.5k | Reduced -15.4k |
| COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio | 16.6k $26.0k | Reduced -610 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 16.3k $26.0k | Added +7.5k |
| Parallax Volatility Advisers, L.P. 0.00% of their portfolio | 16.1k $26.0k | Added +8.2k |
| Eudaimonia Partners, LLC 0.01% of their portfolio | 15.6k $25.3k | Reduced -515 |
| Harber Asset Management LLC 0.01% of their portfolio | 15.3k $24.8k | New |
| Bridgefront Capital, LLC 0.01% of their portfolio | 14.1k $22.8k | Added +3.2k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 13.3k $21.5k | Added +2.7k |
| LEO BROKERAGE, LLC 0.00% of their portfolio | 13.0k $21.1k | First filing |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 12.2k $19.7k | Reduced -459 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 11.4k $18.4k | Reduced -28.6k |
| Advisory Services Network, LLC 0.00% of their portfolio | 11.2k $18.1k | Added +11.0k |
| Cresset Asset Management, LLC 0.00% of their portfolio | 10.2k $16.6k | New |
| Sculptor Capital LP 0.00% of their portfolio | 8.6k $13.9k | Reduced -97.0k |
| SUMMIT SECURITIES GROUP LLC 0.00% of their portfolio | 6.5k $10.0k | New |
| Belpointe Asset Management LLC 0.00% of their portfolio | 5.0k $8.1k | Added +4.7k |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 4.8k $7.9k | Reduced -201 |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 4.1k $6.6k | Reduced -4.3k |
| FNY Investment Advisers, LLC 0.01% of their portfolio | 4.0k $6.0k | New |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio | 3.5k $5.7k | Reduced -1.2k |
| Quantbot Technologies LP 0.00% of their portfolio | 3.0k $4.9k | Reduced -166.6k |
| INSTITUTIONAL & FAMILY ASSET MANAGEMENT, LLC 0.00% of their portfolio | 3.0k $4.9k | New |
| Antonetti Capital Management LLC 0.01% of their portfolio | 2.8k $4.6k | Added +400 |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 2.0k $3.0k | Reduced -56.0k |
| EQUITEC PROPRIETARY MARKETS, LLC 0.00% of their portfolio | 1.7k $2.7k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 1.3k $2.1k | Reduced -168.8k |
| SHELL ASSET MANAGEMENT CO 0.00% of their portfolio | 1.3k $2.0k | Reduced -5 |
| Larson Financial Group LLC 0.00% of their portfolio | 1.2k $1.9k | Unchanged |
| FMR LLC 0.00% of their portfolio | 1.1k $1.8k | Reduced -14.0k |
| Colonial Trust Advisors 0.00% of their portfolio | 1.0k $1.6k | Reduced -1.1k |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 900 $1.0k | New |
| MRP Capital Investments, LLC 0.00% of their portfolio | 850 $1.4k | New |
| Covestor Ltd 0.00% of their portfolio | 627 $1.0k | Added +481 |
| PNC Financial Services Group, Inc. 0.00% of their portfolio | 550 $891 | Reduced -755 |
| Operose Advisors LLC 0.00% of their portfolio | 500 $810 | Unchanged |
| Parallel Advisors, LLC 0.00% of their portfolio | 300 $486 | Unchanged |
| WHITTIER TRUST CO 0.00% of their portfolio | 298 $478 | Reduced -852 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 282 $457 | Reduced -46.2k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 269 $436 | Reduced -12.5k |
| Bell Investment Advisors, Inc 0.00% of their portfolio | 260 $422 | Added +250 |
| CWM, LLC 0.00% of their portfolio | 259 $0 | Reduced -94 |
| Mariner Managed Account Solutions, LLC 0.00% of their portfolio | 250 $405 | Added +100 |
| TORONTO DOMINION BANK 0.00% of their portfolio | 223 $0 | New |
| IFP Advisors, Inc 0.00% of their portfolio | 205 $2.6k | Reduced -1.1k |
| Financial Management Professionals, Inc. 0.00% of their portfolio | 200 $0 | Unchanged |
| GPS Wealth Strategies Group, LLC 0.00% of their portfolio | 200 $324 | New |
| Creative Capital Management Investments LLC 0.00% of their portfolio | 200 $324 | Unchanged |
| WHITTIER TRUST CO OF NEVADA INC 0.00% of their portfolio | 157 $249 | Reduced -209 |
| TCTC Holdings, LLC 0.00% of their portfolio | 125 $203 | New |
| NewEdge Advisors, LLC 0.00% of their portfolio | 109 $176 | Unchanged |
| US BANCORP \DE\ 0.00% of their portfolio | 105 $170 | Reduced -739 |
| NFSG Corp 0.00% of their portfolio | 100 $162 | Reduced -850 |
| TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio | 88 $143 | Added +50 |
| VitalStone Financial, LLC 0.00% of their portfolio | 85 $12 | Reduced -875 |