Vault-13

AP ACQUISITION CORP

CL A ORD SHS · CUSIP G04058106

60 institutional holders +1 vs Q1 2023
13,605,07313.6m shares reported held*
$146.4mreported value*
7 new 11 added 14 reduced 6 sold out net sold ≈ $1.2m (-114.8k 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 ≈ $10.76. Options: 1 managers hold calls ($107.6k notional), 0 hold puts (—).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 50Q4 22: 52Q1 23: 59Q2 23: 6060Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202250
Q4 202252
Q1 202359
Q2 202360

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 11 bought or addedQ4 22: 15 cut or sold outQ4 22Q1 23: 25 bought or addedQ1 23: 11 cut or sold outQ1 23Q2 23: 18 bought or addedQ2 23: 20 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221115
Q1 20232511
Q2 20231820

Calls vs puts

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

CallsPuts
$0$50k$100k$150kQ3 22 calls: $102.0kQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $103.2kQ4 22 puts: $0Q4 22P/C 0.00Q1 23 calls: $105.5kQ1 23 puts: $0Q1 23P/C 0.00Q2 23 calls: $107.6kQ2 23 puts: $0Q2 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2022$102.0k$00.00
Q4 2022$103.2k$00.00
Q1 2023$105.5k$00.00
Q2 2023$107.6k$00.00

Biggest buyers

First Trust Capital Management L.P. Added +731,698+731.7k
COWEN AND COMPANY, LLC New +182,833+182.8k
BERKLEY W R CORP Added +160,006+160.0k
Westchester Capital Management, LLC Added +146,281+146.3k
Yakira Capital Management, Inc. New +100,000+100.0k
Periscope Capital Inc. Added +32,689+32.7k
Meteora Capital, LLC New +20,960+21.0k
K2 PRINCIPAL FUND, L.P. New +20,873+20.9k
Quarry LP Added +20,860+20.9k
D. E. Shaw & Co., Inc. New +20,860+20.9k

Biggest sellers

Sculptor Capital LP Reduced -633,355-633.4k
CANTOR FITZGERALD, L. P. Sold out -377,313-377.3k
Hudson Bay Capital Management LP Reduced -250,000-250.0k
Segantii Capital Management Ltd Sold out -100,000-100.0k
HSBC HOLDINGS PLC Reduced -73,253-73.3k
Saba Capital Management, L.P. Reduced -52,590-52.6k
FIR TREE CAPITAL MANAGEMENT LP Reduced -44,300-44.3k
Tidal Investments LLC Reduced -26,805-26.8k
Virtu Financial LLC Sold out -26,636-26.6k
Spartan Fund Management Inc. Sold out -25,747-25.7k

Biggest calls

Paloma Partners Management Co Unchanged $107.6k10.0k 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 Saba Capital Management, L.P. 0.55% of their portfolio NEW YORK, NY 1,556,9321.6m $16.8m $16.8m 0.55% Reduced -52.6k -52,590
2 ARISTEIA CAPITAL, L.L.C. 0.44% of their portfolio GREENWICH, CT 1,164,0521.2m $12.5m $12.5m 0.44% Unchanged
3 First Trust Capital Management L.P. 0.59% of their portfolio CHICAGO, IL 923,306923.3k $9.9m $9.9m 0.59% Added +731.7k +731,698
4 Periscope Capital Inc. 0.59% of their portfolio Toronto, A6 704,066704.1k $7.6m $7.6m 0.59% Added +32.7k +32,689
5 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 610,522610.5k $6.6m $6.6m 0.01% Reduced -73.3k -73,253
6 Taconic Capital Advisors LP 0.39% of their portfolio NEW YORK, NY 600,000600.0k $6.5m $6.5m 0.39% Unchanged
7 WOLVERINE ASSET MANAGEMENT LLC 0.11% of their portfolio CHICAGO, IL 534,654534.7k $5.8m $5.8m 0.11% Added +10.8k +10,761
8 Cubist Systematic Strategies, LLC 0.06% of their portfolio STAMFORD, CT 513,261513.3k $5.5m $5.5m 0.06% Reduced -3.7k -3,741
9 Apollo Management Holdings, L.P. 0.06% of their portfolio New York, NY 500,000500.0k $5.4m $5.4m 0.06% Unchanged
10 FIR TREE CAPITAL MANAGEMENT LP 0.48% of their portfolio New York, NY 454,719454.7k $4.9m $4.9m 0.48% Reduced -44.3k -44,300
11 BERKLEY W R CORP 0.26% of their portfolio Greenwich, CT 403,439403.4k $4.3m $4.3m 0.26% Added +160.0k +160,006
12 Westchester Capital Management, LLC 0.13% of their portfolio VALHALLA, NY 346,281346.3k $3.7m $3.7m 0.13% Added +146.3k +146,281
13 Linden Advisors LP 0.03% of their portfolio New York, NY 300,000300.0k $3.2m $3.2m 0.03% Unchanged
14 MMCAP International Inc. SPC 1.06% of their portfolio GRAND CAYMAN, E9 300,000300.0k $3.2m $3.2m 1.06% Unchanged
15 Polar Asset Management Partners Inc. 0.06% of their portfolio TORONTO, A6 300,000300.0k $3.2m $3.2m 0.06% Unchanged
16 Radcliffe Capital Management, L.P. 0.25% of their portfolio BALA CYNWYD, PA 273,369273.4k $2.9m $2.9m 0.25% Added +16.8k +16,802
17 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.06% of their portfolio CHICAGO, IL 271,895271.9k $2.9m $2.9m 0.06% Reduced -6.1k -6,128
18 Verition Fund Management LLC 0.04% of their portfolio GREENWICH, CT 265,866265.9k $2.9m $2.9m 0.04% Unchanged
19 Hudson Bay Capital Management LP 0.03% of their portfolio STAMFORD, CT 250,000250.0k $2.7m $2.7m 0.03% Reduced -250.0k -250,000
20 AQR Arbitrage LLC 0.12% of their portfolio Greenwich, CT 247,890247.9k $2.7m $2.7m 0.12% Reduced -641 -641
21 KIM, LLC 0.20% of their portfolio WICHITA, KS 220,860220.9k $2.4m $2.4m 0.20% Added +20.9k +20,860
22 Atlas Merchant Capital LLC 0.46% of their portfolio New York, NY 200,000200.0k $2.2m $2.2m 0.46% Unchanged
23 Magnetar Financial LLC 0.04% of their portfolio EVANSTON, IL 183,500183.5k $2.0m $2.0m 0.04% Unchanged
24 COWEN AND COMPANY, LLC 0.16% of their portfolio NEW YORK, NY 182,833182.8k $2.0m $2.0m 0.16% New
25 Starboard Value LP 0.04% of their portfolio New York, NY 176,348176.3k $1.9m $1.9m 0.04% Unchanged
26 GLAZER CAPITAL, LLC 0.12% of their portfolio New York, NY 173,554173.6k $1.9m $1.9m 0.12% Added +10.2k +10,200
27 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 145,000145.0k $1.6m $1.6m 0.00% Unchanged
28 Castle Creek Arbitrage, LLC 0.17% of their portfolio AVON, CO 130,464130.5k $1.4m $1.4m 0.17% Added +5.5k +5,466
29 PICTON MAHONEY ASSET MANAGEMENT 0.06% of their portfolio Toronto, A6 120,860120.9k $1.3m $1.3m 0.06% Added +20.9k +20,860
30 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 100,000100.0k $1.1m $1.1m 0.01% Unchanged
31 Cowen Investment Management LLC 0.65% of their portfolio NEW YORK, NY 100,000100.0k $1.1m $1.1m 0.65% Unchanged
32 Vestcor Inc 0.04% of their portfolio FREDERICTON, A3 100,000100.0k $1.1m $1.1m 0.04% Unchanged
33 Yakira Capital Management, Inc. 0.29% of their portfolio Westport, CT 100,000100.0k $1.1m $1.1m 0.29% New
34 Atalaya Capital Management LP 0.52% of their portfolio NEW YORK, NY 100,000100.0k $1.1m $1.1m 0.52% Unchanged
35 Bulldog Investors, LLP 0.35% of their portfolio SADDLE BROOK, NJ 98,85598.9k $1.1m $1.1m 0.35% Reduced -3.6k -3,621
36 RPO LLC 0.96% of their portfolio Stamford, CT 87,66287.7k $943.2k $943.2k 0.96% Reduced -20.0k -20,004
37 Quarry LP 0.59% of their portfolio NEW YORK, NY 84,69984.7k $911.4k $911.4k 0.59% Added +20.9k +20,860
38 STATE OF WISCONSIN INVESTMENT BOARD 0.00% of their portfolio MADISON, WI 83,08883.1k $894.0k $894.0k 0.00% Unchanged
39 TENOR CAPITAL MANAGEMENT Co., L.P. 0.02% of their portfolio NEW YORK, NY 70,00070.0k $753.2k $753.2k 0.02% Unchanged
40 PRELUDE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio NEW YORK, NY 60,00060.0k $645.6k $645.6k 0.05% Unchanged
41 Centiva Capital, LP 0.03% of their portfolio New York, NY 51,05051.0k $549.3k $549.3k 0.03% Unchanged
42 WHITEBOX ADVISORS LLC 0.03% of their portfolio MINNEAPOLIS, MN 50,00050.0k $538.0k $538.0k 0.03% Unchanged
43 Lynwood Capital Management Inc. 0.68% of their portfolio TORONTO, A6 50,00050.0k $538.0k $538.0k 0.68% Unchanged
44 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 43,80043.8k $471.3k $471.3k 0.00% Unchanged
45 Mint Tower Capital Management B.V. 0.06% of their portfolio AMSTERDAM, P7 40,00040.0k $430.0k $430.0k 0.06% Unchanged
46 Sea Otter Advisors LLC 0.33% of their portfolio Miami, FL 40,00040.0k $430.4k $430.4k 0.33% Unchanged
47 Woodline Partners LP 0.00% of their portfolio San Francisco, CA 30,00030.0k $322.8k $322.8k 0.00% Unchanged
48 ROBINSON CAPITAL MANAGEMENT, LLC 0.12% of their portfolio GROSSE POINTE FARMS, MI 25,81325.8k $277.7k $277.7k 0.12% Reduced -496 -496
49 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 25,81325.8k $278.0k $278.0k 0.01% Reduced -26.8k -26,805
50 Sculptor Capital LP 0.01% of their portfolio New York, NY 25,43425.4k $273.7k $273.7k 0.01% Reduced -633.4k -633,355
51 OMERS ADMINISTRATION Corp 0.00% of their portfolio TORONTO, A6 25,00025.0k $269.0k $269.0k 0.00% Unchanged
52 Meteora Capital, LLC 0.04% of their portfolio Boca Raton, FL 20,96021.0k $225.5k $225.5k 0.04% New
53 K2 PRINCIPAL FUND, L.P. 0.07% of their portfolio TORONTO, A6 20,87320.9k $224.6k $224.6k 0.07% New
54 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 20,86020.9k $224.5k $224.5k 0.00% New
55 Shaolin Capital Management LLC 0.02% of their portfolio Miami, FL 20,86020.9k $224.0k $224.0k 0.02% Reduced -4.6k -4,561
56 Flow State Investments, L.P. 0.09% of their portfolio CHICAGO, IL 20,86020.9k $224.5k $224.5k 0.09% New
57 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 20,00020.0k $215.2k $215.2k 0.00% Unchanged
58 MIZUHO SECURITIES USA LLC 0.01% of their portfolio NEW YORK, NY 20,00020.0k $215.0k $215.0k 0.01% New
59 Cohanzick Management, LLC 0.19% of their portfolio Pleasantville, NY 15,77515.8k $169.7k $169.7k 0.19% Reduced -2.3k -2,277
60 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged