Vault-13

SILVERGATE CAP CORP SICP

CL A · Common Stock · CUSIP 82837P408 · ISIN US82837P4081

18 institutional holders -96 vs Q1 2023
341,463341.5k shares reported held*
$301.4kreported value*
2 new 3 added 3 reduced 98 sold out net sold ≈ $6.7m (-9.6m 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 ≈ $0.88. Options: 3 managers hold calls ($237.4k notional), 1 hold puts ($236.0k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 268Q4 22: 223Q1 23: 114Q2 23: 1818Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022268
Q4 2022223
Q1 2023114
Q2 202318

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 133 bought or addedQ4 22: 159 cut or sold outQ4 22Q1 23: 50 bought or addedQ1 23: 179 cut or sold outQ1 23Q2 23: 5 bought or addedQ2 23: 101 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022133159
Q1 202350179
Q2 20235101

Calls vs puts

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

CallsPuts
$0$50m$100m$150m$200mQ3 22 calls: $134.7mQ3 22 puts: $106.4mQ3 22P/C 0.79Q4 22 calls: $177.7mQ4 22 puts: $191.7mQ4 22P/C 1.08Q1 23 calls: $12.9mQ1 23 puts: $20.9mQ1 23P/C 1.62Q2 23 calls: $237.4kQ2 23 puts: $236.0kQ2 23P/C 0.99
Numbers
QuarterCallsPutsP/C
Q3 2022$134.7m$106.4m0.79
Q4 2022$177.7m$191.7m1.08
Q1 2023$12.9m$20.9m1.62
Q2 2023$237.4k$236.0k0.99

Biggest buyers

CALDWELL SUTTER CAPITAL, INC. New +125,000+125.0k
Qube Research & Technologies Ltd New +26,067+26.1k
SIMPLEX TRADING, LLC Added +18,853+18.9k
FNY Investment Advisers, LLC Added +1,000+1.0k
IFP Advisors, Inc Added +85+85

Biggest sellers

VANGUARD GROUP INC Sold out -1,735,267-1.7m
Invesco Ltd. Sold out -1,006,895-1.0m
MILLENNIUM MANAGEMENT LLC Sold out -814,206-814.2k
JANE STREET GROUP, LLC Sold out -589,975-590.0k
TWO SIGMA ADVISERS, LP Sold out -562,200-562.2k
Quinn Opportunity Partners LLC Sold out -561,755-561.8k
BARCLAYS PLC Reduced -558,787-558.8k
NOMURA HOLDINGS INC Sold out -476,978-477.0k
BANK OF AMERICA CORP /DE/ Sold out -415,344-415.3k
GOLDMAN SACHS GROUP INC Sold out -362,419-362.4k

Biggest calls

SIMPLEX TRADING, LLC Reduced $193.0k276.9k shares
Longitude (Cayman) Ltd. Reduced $35.0k50.0k shares
XR Securities LLC Reduced $9.4k13.4k shares

Biggest puts

SIMPLEX TRADING, LLC Reduced $236.0k337.6k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CALDWELL SUTTER CAPITAL, INC. 0.05% of their portfolio SAUSALITO, CA 125,000125.0k $87.5k $87.5k 0.05% New
2 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 67,73267.7k $109.7k $109.7k 0.00% Unchanged
3 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 66,10266.1k $46.3k $46.3k 0.00% Reduced -558.8k -558,787
4 Qube Research & Technologies Ltd 0.00% of their portfolio LONDON, X0 26,06726.1k $18.2k $18.2k 0.00% New
5 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 24,10024.1k $16.9k $16.9k 0.00% Unchanged
6 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 19,75319.8k $13.0k $13.0k 0.00% Added +18.9k +18,853
7 FNY Investment Advisers, LLC 0.00% of their portfolio NEW YORK, NY 5,0005.0k $3.0k $3.0k 0.00% Added +1.0k +1,000
8 SUMMIT SECURITIES GROUP LLC 0.00% of their portfolio NEW YORK, NY 4,9284.9k $3.0k $3.0k 0.00% Reduced -1.5k -1,541
9 SHELL ASSET MANAGEMENT CO 0.00% of their portfolio THE HAGUE, P7 1,0701.1k $1.0k $1.0k 0.00% Reduced -220 -220
10 Operose Advisors LLC 0.00% of their portfolio MILWAUKEE, WI 500500 $350 $350 0.00% Unchanged
11 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 290290 $1.9k $1.9k 0.00% Added +85 +85
12 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 269269 $188 $188 0.00% Unchanged
13 Financial Management Professionals, Inc. 0.00% of their portfolio AUSTIN, TX 200200 $0 $0 0.00% Unchanged
14 Creative Capital Management Investments LLC 0.00% of their portfolio SAN DIEGO, CA 200200 $140 $140 0.00% Unchanged
15 NFSG Corp 0.00% of their portfolio BOCA RATON, FL 100100 $70 $70 0.00% Unchanged
16 TUCKER ASSET MANAGEMENT LLC 0.00% of their portfolio LITTLETON, CO 8888 $62 $62 0.00% Unchanged
17 Steward Partners Investment Advisory, LLC 0.00% of their portfolio STAMFORD, CT 5050 $35 $35 0.00% Unchanged
18 Roble, Belko & Company, Inc 0.00% of their portfolio SEWICKLEY, PA 1414 $0 $0 0.00% Unchanged