Vault-13

WEWORK INC

CL A · CUSIP 96209A104

133 institutional holders -19 vs Q1 2023
1,799,506,8491.8bn shares reported held*
$459.5mreported value*
35 new 28 added 37 reduced 55 sold out net bought ≈ $299.1m (+1.2bn 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 ($102.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $0.26. Options: 10 managers hold calls ($273.3k notional), 8 hold puts ($345.9k).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 136Q4 22: 168Q1 23: 152Q2 23: 133133Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022136
Q4 2022168
Q1 2023152
Q2 2023133

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 113 bought or addedQ4 22: 44 cut or sold outQ4 22Q1 23: 78 bought or addedQ1 23: 76 cut or sold outQ1 23Q2 23: 63 bought or addedQ2 23: 92 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 202211344
Q1 20237876
Q2 20236392

Calls vs puts

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

CallsPuts
$0$5m$10m$15mQ3 22 calls: $13.3mQ3 22 puts: $8.0mQ3 22P/C 0.60Q4 22 calls: $14.5mQ4 22 puts: $4.2mQ4 22P/C 0.29Q1 23 calls: $1.1mQ1 23 puts: $1.7mQ1 23P/C 1.53Q2 23 calls: $273.3kQ2 23 puts: $345.9kQ2 23P/C 1.27
Numbers
QuarterCallsPutsP/C
Q3 2022$13.3m$8.0m0.60
Q4 2022$14.5m$4.2m0.29
Q1 2023$1.1m$1.7m1.53
Q2 2023$273.3k$345.9k1.27

Biggest buyers

SOFTBANK GROUP CORP. Added +1,112,900,605+1.1bn
KING STREET CAPITAL MANAGEMENT, L.P. New +52,256,486+52.3m
Ancient Art, L.P. New +35,145,808+35.1m
Capital World Investors New +19,079,874+19.1m
Sycale Advisors (NY) LLC New +18,412,668+18.4m
BRIGADE CAPITAL MANAGEMENT, LP New +16,798,104+16.8m
VANGUARD GROUP INC Added +8,442,450+8.4m
Qube Research & Technologies Ltd Added +3,893,607+3.9m
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +3,851,030+3.9m
Verition Fund Management LLC Added +3,183,201+3.2m

Biggest sellers

FMR LLC Reduced -65,179,752-65.2m
Balyasny Asset Management L.P. Sold out -13,452,628-13.5m
Slate Path Capital LP Reduced -9,198,004-9.2m
American Assets Capital Advisers, LLC Reduced -6,024,518-6.0m
COHEN & STEERS, INC. Sold out -4,392,749-4.4m
NEUBERGER BERMAN GROUP LLC Sold out -3,741,820-3.7m
BlackRock Inc. Reduced -2,552,500-2.6m
MORGAN STANLEY Reduced -1,856,138-1.9m
Squarepoint Ops LLC Reduced -1,532,855-1.5m
ARISTEIA CAPITAL, L.L.C. Sold out -1,076,329-1.1m

Biggest calls

CITADEL ADVISORS LLC Added $126.0k493.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $48.6k186.9k shares
SIMPLEX TRADING, LLC Reduced $38.0k151.7k shares
WOLVERINE TRADING, LLC Reduced $30.7k118.1k shares
GROUP ONE TRADING LLC Reduced $23.5k92.1k shares
JANE STREET GROUP, LLC Reduced $3.5k13.8k shares
Walleye Trading LLC Reduced $2.7k10.7k shares
Belvedere Trading LLC Unchanged $2551.0k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares
Cutler Group LLC / CA Reduced $0100 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $150.7k590.2k shares
GROUP ONE TRADING LLC Added $127.0k497.4k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $33.0k126.9k shares
JANE STREET GROUP, LLC Added $23.8k93.0k shares
SIMPLEX TRADING, LLC Reduced $8.0k31.6k shares
WOLVERINE TRADING, LLC Reduced $3.2k12.5k shares
Belvedere Trading LLC Reduced $153600 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 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 SOFTBANK GROUP CORP. 4.11% of their portfolio TOKYO, M0 1,437,248,6531.4bn $367.1m $367.1m 4.11% Added +1.1bn +1,112,900,605
2 SB INVESTMENT ADVISERS (UK) LTD 0.16% of their portfolio LONDON, X0 81,077,91881.1m $20.7m $20.7m 0.16% Unchanged
3 KING STREET CAPITAL MANAGEMENT, L.P. 10.62% of their portfolio New York, NY 52,256,48652.3m $13.3m $13.3m 10.62% New
4 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 43,069,78543.1m $11.0m $11.0m 0.00% Added +8.4m +8,442,450
5 Ancient Art, L.P. 1.90% of their portfolio AUSTIN, TX 35,145,80835.1m $9.0m $9.0m 1.90% New
6 Capital World Investors 0.00% of their portfolio LOS ANGELES, CA 19,079,87419.1m $4.9m $4.9m 0.00% New
7 Sycale Advisors (NY) LLC 2.04% of their portfolio New York, NY 18,412,66818.4m $4.7m $4.7m 2.04% New
8 BRIGADE CAPITAL MANAGEMENT, LP 3.76% of their portfolio NEW YORK, NY 16,798,10416.8m $4.2m $4.2m 3.76% New
9 Insight Holdings Group, LLC 0.07% of their portfolio NEW YORK, NY 12,500,00012.5m $3.2m $3.2m 0.07% Unchanged
10 Qube Research & Technologies Ltd 0.01% of their portfolio LONDON, X0 11,160,84111.2m $2.9m $2.9m 0.01% Added +3.9m +3,893,607
11 Slate Path Capital LP 0.08% of their portfolio New York, NY 8,903,7058.9m $2.3m $2.3m 0.08% Reduced -9.2m -9,198,004
12 FMR LLC 0.00% of their portfolio BOSTON, MA 8,373,8148.4m $2.1m $2.1m 0.00% Reduced -65.2m -65,179,752
13 BlackRock Inc. 0.00% of their portfolio New York, NY 6,582,0436.6m $1.7m $1.7m 0.00% Reduced -2.6m -2,552,500
14 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 6,522,9676.5m $1.7m $1.7m 0.00% Added +3.0m +2,983,891
15 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 5,462,7125.5m $1.4m $1.4m 0.00% Added +3.9m +3,851,030
16 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 4,238,2444.2m $1.1m $1.1m 0.02% Added +3.2m +3,183,201
17 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 3,047,7623.0m $778.4k $778.4k 0.00% Reduced -1.0m -1,046,275
18 American Assets Capital Advisers, LLC 0.16% of their portfolio SAN DIEGO, CA 2,521,6802.5m $644.0k $644.0k 0.16% Reduced -6.0m -6,024,518
19 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 2,481,8102.5m $633.9k $633.9k 0.00% Added +2.5m +2,459,760
20 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 2,351,0002.4m $494.5k $494.5k 0.00% Reduced -95.1k -95,079
21 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,991,7232.0m $508.7k $508.7k 0.00% Reduced -892.0k -892,009
22 Knighthead Capital Management, LLC 0.01% of their portfolio NEW YORK, NY 1,822,5001.8m $465.5k $465.5k 0.01% New
23 WHITTIER TRUST CO OF NEVADA INC 0.01% of their portfolio RENO, NV 1,539,6421.5m $384.9k $384.9k 0.01% Added +1.3m +1,346,902
24 Prentice Capital Management, LP 1.22% of their portfolio GREENWICH, CT 1,493,0781.5m $381.3k $381.3k 1.22% Added +1.4m +1,393,078
25 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 1,368,6401.4m $349.6k $349.6k 0.01% Added +943.3k +943,330
26 Allianz Asset Management GmbH 0.00% of their portfolio MUNICH, 2M 1,361,2501.4m $348.0k $348.0k 0.00% Unchanged
27 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 1,357,0841.4m $346.6k $346.6k 0.00% Added +334.3k +334,273
28 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,303,3071.3m $332.9k $332.9k 0.00% Reduced -1.9m -1,856,138
29 SOL Capital Management CO 0.05% of their portfolio ROCKVILLE, MD 1,254,0911.3m $320.0k $320.0k 0.05% Unchanged
30 Verde Servicos Internacionais S.A. 0.06% of their portfolio SAO PAULO, D5 973,026973.0k $249.0k $249.0k 0.06% New
31 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 700,542700.5k $178.9k $178.9k 0.00% New
32 GROUP ONE TRADING LLC 0.01% of their portfolio CHICAGO, IL 532,408532.4k $136.0k $136.0k 0.01% Added +265.9k +265,874
33 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 475,665475.7k $121.5k $121.5k 0.00% Reduced -825.4k -825,382
34 UBS Group AG 0.00% of their portfolio ZURICH, V8 400,059400.1k $102.0k $102.0k 0.00% Reduced -46.4k -46,374
35 Y-Intercept (Hong Kong) Ltd 0.01% of their portfolio HONG KONG, K3 389,156389.2k $99.4k $99.4k 0.01% Added +345.0k +344,958
36 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 383,622383.6k $98.0k $98.0k 0.00% Reduced -272.3k -272,339
37 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 362,398362.4k $281.7k $281.7k 0.00% Unchanged
38 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 320,717320.7k $81.9k $81.9k 0.00% New
39 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 310,867310.9k $79.4k $79.4k 0.01% New
40 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 250,000250.0k $63.9k $63.9k 0.00% Added +207.5k +207,519
41 INVESTOR AB 0.00% of their portfolio STOCKHOLM, V7 227,139227.1k $59.1k $59.1k 0.00% Unchanged
42 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 200,289200.3k $51.2k $51.2k 0.00% Added +100.0k +100,004
43 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 200,182200.2k $51.1k $51.1k 0.00% New
44 HARBOR CAPITAL ADVISORS, INC. 0.01% of their portfolio CHICAGO, IL 196,625196.6k $50.2k $50.2k 0.01% New
45 TUDOR INVESTMENT CORP ET AL 0.00% of their portfolio STAMFORD, CT 192,529192.5k $49.2k $49.2k 0.00% Unchanged
46 Mariner, LLC 0.00% of their portfolio Overland Park, KS 156,074156.1k $39.9k $39.9k 0.00% Added +141.5k +141,527
47 CAPITAL INTERNATIONAL SARL 0.00% of their portfolio Los Angeles, CA 130,410130.4k $33.3k $33.3k 0.00% New
48 Ethic Inc. 0.00% of their portfolio NEW YORK, NY 128,449128.4k $35.6k $35.6k 0.00% Reduced -51.4k -51,444
49 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 109,500109.5k $27.0k $27.0k 0.00% New
50 Man Group plc 0.00% of their portfolio LONDON, X0 97,17497.2k $24.8k $24.8k 0.00% New
51 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 93,66493.7k $23.9k $23.9k 0.00% Added +64.1k +64,068
52 Cresset Asset Management, LLC 0.00% of their portfolio Chicago, IL 91,05791.1k $23.3k $23.3k 0.00% Reduced -340.8k -340,824
53 TOWNSQUARE CAPITAL LLC 0.00% of their portfolio Lehi, UT 89,80089.8k $22.9k $22.9k 0.00% New
54 Simplicity Solutions, LLC 0.00% of their portfolio MINNEAPOLIS, MN 87,04187.0k $22.2k $22.2k 0.00% New
55 Bleakley Financial Group, LLC 0.00% of their portfolio PARSIPPANY, NJ 87,04187.0k $22.2k $22.2k 0.00% New
56 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 84,49684.5k $21.0k $21.0k 0.00% Reduced -4.0k -3,979
57 Virtu Financial LLC 0.00% of their portfolio New York, NY 72,60272.6k $19.0k $19.0k 0.00% Reduced -174.5k -174,525
58 Belvedere Trading LLC 0.01% of their portfolio CHICAGO, IL 68,88968.9k $17.6k $17.6k 0.01% Reduced -20.5k -20,500
59 American Assets Investment Management, LLC 0.00% of their portfolio SAN DIEGO, CA 68,74868.7k $17.6k $17.6k 0.00% Reduced -162.0k -162,006
60 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 65,26265.3k $16.7k $16.7k 0.00% Reduced -344.1k -344,148
61 WILBANKS SMITH & THOMAS ASSET MANAGEMENT LLC 0.00% of their portfolio NORFOLK, VA 65,15065.2k $16.6k $16.6k 0.00% New
62 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 55,46955.5k $14.2k $14.2k 0.00% New
63 Ergoteles LLC 0.00% of their portfolio NEW YORK, NY 53,76153.8k $13.7k $13.7k 0.00% New
64 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 52,46252.5k $13.2k $13.2k 0.00% Added +756 +756
65 Greenland Capital Management LP 0.00% of their portfolio NEW YORK, NY 50,65050.6k $12.9k $12.9k 0.00% Reduced -196.3k -196,334
66 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 46,65646.7k $11.9k $11.9k 0.00% Reduced -689 -689
67 First Capital Advisors Group, LLC. 0.01% of their portfolio LITTLE SILVER, NJ 46,42746.4k $11.9k $11.9k 0.01% Added +212 +212
68 SkyView Investment Advisors, LLC 0.00% of their portfolio SHREWSBURY, NJ 46,42746.4k $12.0k $12.0k 0.00% Reduced -421.4k -421,383
69 Quinn Opportunity Partners LLC 0.00% of their portfolio CHARLOTTESVILLE, VA 40,08340.1k $10.2k $10.2k 0.00% New
70 Enterprise Bank & Trust Co 0.00% of their portfolio LOWELL, MA 40,00040.0k $10.2k $10.2k 0.00% Added +20.0k +20,000
71 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 39,72739.7k $10.1k $10.1k 0.00% Reduced -1.5m -1,532,855
72 MATHER GROUP, LLC. 0.00% of their portfolio CHICAGO, IL 39,01539.0k $10.0k $10.0k 0.00% New
73 Capital International, Inc./CA/ 0.00% of their portfolio Los Angeles, CA 36,93636.9k $9.4k $9.4k 0.00% New
74 Arnhold LLC 0.00% of their portfolio New York, NY 35,00035.0k $8.9k $8.9k 0.00% New
75 M&T Bank Corp 0.00% of their portfolio BUFFALO, NY 33,62333.6k $8.6k $8.6k 0.00% Reduced -2.4k -2,361
76 Walleye Trading LLC 0.00% of their portfolio NEW YORK, NY 31,98332.0k $8.2k $8.2k 0.00% Added +18.2k +18,184
77 COWEN AND COMPANY, LLC 0.00% of their portfolio NEW YORK, NY 31,21631.2k $8.0k $8.0k 0.00% Added +6.2k +6,216
78 IEQ CAPITAL, LLC 0.00% of their portfolio Foster City, CA 30,00030.0k $7.7k $7.7k 0.00% New
79 TITLEIST ASSET MANAGEMENT, LLC 0.00% of their portfolio SAN ANTONIO, TX 29,00029.0k $7.4k $7.4k 0.00% Unchanged
80 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 28,13228.1k $7.2k $7.2k 0.00% Reduced -142.7k -142,711
81 GSA CAPITAL PARTNERS LLP 0.00% of their portfolio LONDON, X0 26,97227.0k $7.0k $7.0k 0.00% New
82 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 25,40025.4k $6.5k $6.5k 0.00% Added +18.9k +18,856
83 Cannell & Co. 0.00% of their portfolio New York, NY 25,00025.0k $6.4k $6.4k 0.00% Unchanged
84 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 25,00025.0k $6.0k $6.0k 0.00% Unchanged
85 Platform Technology Partners 0.00% of their portfolio NEW YORK, NY 24,00024.0k $6.1k $6.1k 0.00% Added +10.0k +10,000
86 Spire Wealth Management 0.00% of their portfolio MCLEAN, VA 22,59322.6k $5.9k $5.9k 0.00% New
87 Centurion Wealth Management LLC 0.00% of their portfolio Mclean, VA 22,59322.6k $5.9k $5.9k 0.00% New
88 Greenwich Wealth Management LLC 0.00% of their portfolio GREENWICH, CT 22,00722.0k $6.0k $6.0k 0.00% Added +5 +5
89 Meeder Advisory Services, Inc. 0.00% of their portfolio DUBLIN, OH 21,85021.9k $5.7k $5.7k 0.00% New
90 Gotham Asset Management, LLC 0.00% of their portfolio NEW YORK, NY 21,78321.8k $5.6k $5.6k 0.00% Reduced -255.2k -255,204
91 CTC Alternative Strategies, Ltd. 0.01% of their portfolio CHICAGO, IL 20,13520.1k $5.1k $5.1k 0.01% First filing
92 Pine Valley Investments Ltd Liability Co 0.00% of their portfolio MARLTON, NJ 20,00020.0k $5.1k $5.1k 0.00% Unchanged
93 WEALTHSOURCE PARTNERS, LLC 0.00% of their portfolio SAN LUIS OBISPO, CA 19,07519.1k $4.9k $4.9k 0.00% Reduced -127.7k -127,690
94 DARK FOREST CAPITAL MANAGEMENT LP 0.00% of their portfolio NEW YORK, NY 18,87418.9k $4.8k $4.8k 0.00% Reduced -64.3k -64,251
95 Cubist Systematic Strategies, LLC 0.00% of their portfolio STAMFORD, CT 17,60017.6k $4.5k $4.5k 0.00% Reduced -206.6k -206,640
96 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 17,13217.1k $4.0k $4.0k 0.00% New
97 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 16,55516.6k $4.2k $4.2k 0.00% Added +2.6k +2,584
98 Advisory Services Network, LLC 0.00% of their portfolio ATLANTA, GA 16,33916.3k $4.2k $4.2k 0.00% Unchanged
99 First Affirmative Financial Network 0.00% of their portfolio COLORADO SPRINGS, CO 15,93815.9k $4.1k $4.1k 0.00% Reduced -2.3k -2,344
100 Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio OAKLAND, CA 14,89314.9k $3.8k $3.8k 0.00% New