Vault-13

VIVID SEATS INC

COM CL A · CUSIP 92854T100

99 institutional holders -36 vs Q1 2025
95,398,55395.4m shares reported held*
$161.3mreported value*
10 new 30 added 39 reduced 46 sold out net sold ≈ $22.7m (-13.4m 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 ($999.5k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1.69. Options: 7 managers hold calls ($4.0m notional), 5 hold puts ($87.9k).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 87Q4 22: 83Q1 23: 82Q2 23: 122Q3 23: 121Q4 23: 148Q1 24: 135Q2 24: 131Q3 24: 129Q4 24: 128Q1 25: 135Q2 25: 9999Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 202287
Q4 202283
Q1 202382
Q2 2023122
Q3 2023121
Q4 2023148
Q1 2024135
Q2 2024131
Q3 2024129
Q4 2024128
Q1 2025135
Q2 202599

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q3 23: 66 bought or addedQ3 23: 60 cut or sold outQ4 23: 105 bought or addedQ4 23: 43 cut or sold outQ4 23Q1 24: 92 bought or addedQ1 24: 66 cut or sold outQ2 24: 73 bought or addedQ2 24: 62 cut or sold outQ2 24Q3 24: 71 bought or addedQ3 24: 58 cut or sold outQ4 24: 62 bought or addedQ4 24: 67 cut or sold outQ4 24Q1 25: 58 bought or addedQ1 25: 60 cut or sold outQ2 25: 40 bought or addedQ2 25: 85 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 20236660
Q4 202310543
Q1 20249266
Q2 20247362
Q3 20247158
Q4 20246267
Q1 20255860
Q2 20254085

Calls vs puts

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

CallsPuts
$0$2.5m$5m$7.5m$10mQ3 24 calls: $672.9kQ3 24 puts: $7.0mQ3 24P/C 10.33Q4 24 calls: $8.1mQ4 24 puts: $2.5mQ4 24P/C 0.30Q1 25 calls: $1.0mQ1 25 puts: $1.7mQ1 25P/C 1.60Q2 25 calls: $4.0mQ2 25 puts: $87.9kQ2 25P/C 0.02
Numbers
QuarterCallsPutsP/C
Q3 2024$672.9k$7.0m10.33
Q4 2024$8.1m$2.5m0.30
Q1 2025$1.0m$1.7m1.60
Q2 2025$4.0m$87.9k0.02

Biggest buyers

VANGUARD GROUP INC Added +2,333,071+2.3m
GARNET EQUITY CAPITAL HOLDINGS, INC. New +2,124,823+2.1m
Emeth Value Capital, LLC Added +1,644,188+1.6m
CenterBook Partners LP Added +778,534+778.5k
Boston Partners Added +322,461+322.5k
MORGAN STANLEY Added +302,522+302.5k
Caption Management, LLC Added +234,528+234.5k
AMERIPRISE FINANCIAL INC Added +215,057+215.1k
ROYAL BANK OF CANADA Added +213,583+213.6k
JANE STREET GROUP, LLC Added +166,911+166.9k

Biggest sellers

Private Capital Management, LLC Sold out -5,258,129-5.3m
Granahan Investment Management, LLC Sold out -2,123,080-2.1m
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ Sold out -1,918,434-1.9m
HARBOR CAPITAL ADVISORS, INC. Reduced -1,332,013-1.3m
ArrowMark Colorado Holdings LLC Sold out -1,303,462-1.3m
Invenomic Capital Management LP Sold out -1,292,094-1.3m
BANK OF AMERICA CORP /DE/ Reduced -1,275,631-1.3m
FMR LLC Reduced -1,033,589-1.0m
Visualize Group LP Sold out -718,676-718.7k
BlackRock, Inc. Reduced -655,973-656.0k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.7m983.8k shares
GARNET EQUITY CAPITAL HOLDINGS, INC. New $845.0k500.0k shares
GROUP ONE TRADING LLC Added $630.5k373.1k shares
SIMPLEX TRADING, LLC Added $431.0k255.3k shares
CITADEL ADVISORS LLC Added $231.7k137.1k shares
JANE STREET GROUP, LLC Reduced $192.3k113.8k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $66.1k39.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP New $21.3k12.6k shares
GROUP ONE TRADING LLC Reduced $507300 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
SIMPLEX TRADING, LLC Reduced $0400 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Emeth Value Capital, LLC 13G · institution -0.8 pts · filed 2026-02-04 5.1% -0.8 pts 556.9k 2026-02-04

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 SECURITY BENEFIT LIFE INSURANCE CO /KS/ 34.99% of their portfolio TOPEKA, KS 43,842,09543.8m $74.1m $74.1m 34.99% Unchanged
2 Emeth Value Capital, LLC 11.49% of their portfolio NEW ORLEANS, LA 7,642,0427.6m $12.9m $12.9m 11.49% Added +1.6m +1,644,188
3 FMR LLC 0.00% of their portfolio BOSTON, MA 5,496,7575.5m $9.3m $9.3m 0.00% Reduced -1.0m -1,033,589
4 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 5,312,3845.3m $9.0m $9.0m 0.00% Added +2.3m +2,333,071
5 BlackRock, Inc. 0.00% of their portfolio New York, NY 5,214,0275.2m $8.8m $8.8m 0.00% Reduced -656.0k -655,973
6 Boston Partners 0.01% of their portfolio BOSTON, MA 4,784,2924.8m $8.1m $8.1m 0.01% Added +322.5k +322,461
7 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 2,222,7512.2m $3.8m $3.8m 0.00% Added +215.1k +215,057
8 GARNET EQUITY CAPITAL HOLDINGS, INC. 1.66% of their portfolio NEW YORK, NY 2,124,8232.1m $3.6m $3.6m 1.66% New
9 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 1,906,9191.9m $3.2m $3.2m 0.00% Reduced -139.9k -139,873
10 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 1,562,9811.6m $2.6m $2.6m 0.00% Reduced -31.3k -31,336
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 1,551,5991.6m $2.6m $2.6m 0.00% Reduced -10.6k -10,619
12 Clearbridge Investments, LLC 0.00% of their portfolio NEW YORK, NY 1,474,5461.5m $2.5m $2.5m 0.00% Reduced -207.6k -207,616
13 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,191,7401.2m $2.0m $2.0m 0.00% Added +302.5k +302,522
14 Silver Rock Financial LP 2.37% of their portfolio Los Angeles, CA 1,138,8961.1m $1.9m $1.9m 2.37% Unchanged
15 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 1,120,3441.1m $1.9m $1.9m 0.00% Reduced -234.1k -234,122
16 CenterBook Partners LP 0.10% of their portfolio GREENWICH, CT 1,117,3011.1m $1.9m $1.9m 0.10% Added +778.5k +778,534
17 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 609,151609.2k $1.0m $1.0m 0.00% Reduced -105.2k -105,163
18 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 599,133599.1k $1.0m $1.0m 0.00% Reduced -122.8k -122,825
19 Anson Funds Management LP 0.17% of their portfolio DALLAS, TX 550,000550.0k $929.5k $929.5k 0.17% Unchanged
20 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 507,361507.4k $857.4k $857.4k 0.00% Reduced -100.5k -100,548
21 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 501,488501.5k $847.5k $847.5k 0.00% Added +166.9k +166,911
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 474,856474.9k $802.5k $802.5k 0.00% Reduced -411.0k -411,009
23 Clearline Capital LP 0.07% of their portfolio NEW YORK, NY 445,736445.7k $753.3k $753.3k 0.07% Reduced -541.2k -541,201
24 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 375,191375.2k $634.1k $634.1k 0.00% Reduced -1.3m -1,275,631
25 UBS Group AG 0.00% of their portfolio ZURICH, V8 320,747320.7k $542.1k $542.1k 0.00% Reduced -191.1k -191,108
26 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 297,688297.7k $503.1k $503.1k 0.00% Added +7.9k +7,940
27 Caption Management, LLC 0.04% of their portfolio OKLAHOMA CITY, OK 250,472250.5k $423.3k $423.3k 0.04% Added +234.5k +234,528
28 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 220,290220.3k $374.0k $374.0k 0.00% Added +213.6k +213,583
29 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 209,022209.0k $353.2k $353.2k 0.00% Added +385 +385
30 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 203,271203.3k $343.5k $343.5k 0.00% Added +105.0k +104,972
31 EQUITABLE TRUST CO 0.01% of their portfolio NASHVILLE, TN 167,060167.1k $282.3k $282.3k 0.01% Added +10.8k +10,800
32 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 163,577163.6k $276.4k $276.4k 0.00% Added +4.1k +4,101
33 EXCHANGE TRADED CONCEPTS, LLC 0.00% of their portfolio Oklahoma City, OK 157,443157.4k $266.1k $266.1k 0.00% Added +91.7k +91,717
34 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 144,950144.9k $245.0k $245.0k 0.00% New
35 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 125,695125.7k $212.4k $212.4k 0.00% Added +98.8k +98,800
36 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 124,306124.3k $210.1k $210.1k 0.00% Added +63.1k +63,116
37 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 116,499116.5k $196.9k $196.9k 0.00% Added +20.3k +20,302
38 ASHTON THOMAS SECURITIES, LLC 0.05% of their portfolio ROCHESTER, NY 113,457113.5k $191.7k $191.7k 0.05% Unchanged
39 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 103,797103.8k $175.4k $175.4k 0.00% Reduced -1.4k -1,397
40 Plan Group Financial, LLC 0.06% of their portfolio OKLAHOMA CITY, OK 102,670102.7k $173.5k $173.5k 0.06% Added +43.6k +43,619
41 MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio NEW YORK, NY 100,000100.0k $169.0k $169.0k 0.00% Reduced -100.0k -100,000
42 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 98,67298.7k $166.0k $166.0k 0.00% Reduced -177.0k -176,989
43 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 98,28098.3k $166.1k $166.1k 0.00% Reduced -12.7k -12,686
44 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 91,15091.2k $154.0k $154.0k 0.00% Added +11.1k +11,100
45 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 66,05266.1k $111.6k $111.6k 0.00% Reduced -299.8k -299,790
46 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 54,81754.8k $92.6k $92.6k 0.00% Reduced -191.1k -191,090
47 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 50,00050.0k $84.5k $84.5k 0.00% Unchanged
48 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 45,09745.1k $76.2k $76.2k 0.00% Reduced -19.3k -19,259
49 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 41,98242.0k $71.0k $71.0k 0.00% Reduced -104.4k -104,390
50 Covestor Ltd 0.04% of their portfolio LONDON, X0 41,06941.1k $69.0k $69.0k 0.04% Added +27.7k +27,700
51 INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio WEST PALM BEACH, FL 40,51140.5k $68.5k $68.5k 0.00% Reduced -17.6k -17,599
52 WINTON GROUP Ltd 0.00% of their portfolio LONDON, X0 39,15639.2k $66.2k $66.2k 0.00% Reduced -113.9k -113,883
53 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 36,62536.6k $61.9k $61.9k 0.00% Reduced -17.3k -17,284
54 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 35,70835.7k $60.3k $60.3k 0.00% Reduced -10.2k -10,171
55 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 35,57835.6k $61.0k $61.0k 0.00% Added +769 +769
56 Impact Investors, Inc 0.04% of their portfolio SAN FRANCISCO, CA 35,28935.3k $59.6k $59.6k 0.04% Reduced -1.3k -1,269
57 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 35,15335.2k $59.4k $59.4k 0.00% Reduced -5.8k -5,782
58 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 25,86025.9k $43.7k $43.7k 0.00% Reduced -32.5k -32,505
59 Quantbot Technologies LP 0.00% of their portfolio NEW YORK, NY 25,21725.2k $42.6k $42.6k 0.00% New
60 Rangeley Capital, LLC 0.05% of their portfolio NEW CANAAN, CT 25,00025.0k $42.2k $42.2k 0.05% New
61 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 22,48822.5k $38.0k $38.0k 0.00% Reduced -3.2k -3,169
62 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 21,60521.6k $36.5k $36.5k 0.00% Reduced -22.8k -22,843
63 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 21,49321.5k $36.3k $36.3k 0.00% Added +139 +139
64 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 21,00021.0k $35.5k $35.5k 0.00% New
65 DekaBank Deutsche Girozentrale 0.00% of their portfolio FRANKFURT, 2M 20,68320.7k $124.0k $124.0k 0.00% Unchanged
66 TWO SIGMA SECURITIES, LLC 0.00% of their portfolio NEW YORK, NY 20,04020.0k $33.9k $33.9k 0.00% Reduced -50.8k -50,757
67 Virtu Financial LLC 0.00% of their portfolio New York, NY 19,55319.6k $33.0k $33.0k 0.00% New
68 Jump Financial, LLC 0.00% of their portfolio Chicago, IL 19,13919.1k $32.3k $32.3k 0.00% New
69 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 18,24018.2k $30.6k $30.6k 0.00% Reduced -244 -244
70 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 17,54417.5k $29.6k $29.6k 0.00% Reduced -3.5k -3,486
71 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 16,61416.6k $28.1k $28.1k 0.00% Unchanged
72 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 15,19215.2k $25.7k $25.7k 0.00% Unchanged
73 Capstone Financial Advisors, Inc. 0.00% of their portfolio DOWNERS GROVE, IL 15,00015.0k $25.4k $25.4k 0.00% New
74 ProShare Advisors LLC 0.00% of their portfolio BETHESDA, MD 13,40613.4k $22.7k $22.7k 0.00% Reduced -3.3k -3,303
75 Vestcor Inc 0.00% of their portfolio FREDERICTON, A3 13,16013.2k $22.0k $22.0k 0.00% Unchanged
76 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 11,62211.6k $19.6k $19.6k 0.00% New
77 Mariner, LLC 0.00% of their portfolio Overland Park, KS 10,99011.0k $18.6k $18.6k 0.00% Reduced -26.5k -26,504
78 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 10,90110.9k $18.4k $18.4k 0.00% Added +6.3k +6,336
79 Stratos Wealth Partners, LTD. 0.00% of their portfolio BEACHWOOD, OH 10,00010.0k $16.9k $16.9k 0.00% Unchanged
80 Quinn Opportunity Partners LLC 0.00% of their portfolio CHARLOTTESVILLE, VA 10,00010.0k $16.9k $16.9k 0.00% Unchanged
81 Winthrop Advisory Group LLC 0.00% of their portfolio BOSTON, MA 10,00010.0k $16.9k $16.9k 0.00% Unchanged
82 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 7,4497.4k $12.6k $12.6k 0.00% Unchanged
83 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 7,3957.4k $12.5k $12.5k 0.00% Added +1.5k +1,533
84 Legal & General Group Plc 0.00% of their portfolio London, X0 6,7736.8k $11.4k $11.4k 0.00% Reduced -61.1k -61,090
85 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 5,6665.7k $9.6k $9.6k 0.00% Reduced -56.3k -56,253
86 Sunbelt Securities, Inc. 0.00% of their portfolio HOUSTON, TX 4,8794.9k $22.6k $22.6k 0.00% Unchanged
87 SUMMIT SECURITIES GROUP LLC 0.00% of their portfolio NEW YORK, NY 2,8932.9k $4.9k $4.9k 0.00% Added +2.5k +2,478
88 AMALGAMATED BANK 0.00% of their portfolio NEW YORK, NY 2,5222.5k $4.0k $4.0k 0.00% Unchanged
89 HARBOR CAPITAL ADVISORS, INC. 0.00% of their portfolio CHICAGO, IL 957957 $2.0k $2.0k 0.00% Reduced -1.3m -1,332,013
90 PRIVATE TRUST CO NA 0.00% of their portfolio CLEVELAND, OH 890890 $1.5k $1.5k 0.00% Unchanged
91 Sterling Capital Management LLC 0.00% of their portfolio CHARLOTTE, NC 793793 $1.3k $1.3k 0.00% Added +713 +713
92 TD Waterhouse Canada Inc. 0.00% of their portfolio TORONTO, A6 714714 $1.3k $1.3k 0.00% Unchanged
93 WPG Advisers, LLC 0.00% of their portfolio BALTIMORE, MD 597597 $1.0k $1.0k 0.00% Added +27 +27
94 Global Retirement Partners, LLC 0.00% of their portfolio San Rafael, CA 306306 $517 $517 0.00% First filing
95 Versant Capital Management, Inc 0.00% of their portfolio PHOENIX, AZ 300300 $507 $507 0.00% New
96 Glen Eagle Advisors, LLC 0.00% of their portfolio KINGSTON, NJ 272272 $460 $460 0.00% Unchanged
97 CWM, LLC 0.00% of their portfolio OMAHA, NE 205205 $0 $0 0.00% Added +10 +10
98 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 1111 $19 $19 0.00% Added +11 +11
99 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged