Vault-13

APOLLO STRATEGIC GRWT CPTL I

SHS CL A · CUSIP G0412A102

36 institutional holders -57 vs Q1 2023
18,616,64118.6m shares reported held*
$185.3mreported value*
9 new 4 added 18 reduced 63 sold out net sold ≈ $473.9m (-45.7m 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 ≈ $9.96. Options: 2 managers hold calls ($5.4m notional), 0 hold puts (—).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

050100150Q3 22: 101Q4 22: 98Q1 23: 93Q2 23: 3636Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022101
Q4 202298
Q1 202393
Q2 202336

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 30 bought or addedQ4 22: 35 cut or sold outQ4 22Q1 23: 37 bought or addedQ1 23: 35 cut or sold outQ1 23Q2 23: 13 bought or addedQ2 23: 81 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20223035
Q1 20233735
Q2 20231381

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 22 calls: $5.1mQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $5.2mQ4 22 puts: $0Q4 22P/C 0.00Q1 23 calls: $5.3mQ1 23 puts: $0Q1 23P/C 0.00Q2 23 calls: $5.4mQ2 23 puts: $0Q2 23P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2022$5.1m$00.00
Q4 2022$5.2m$00.00
Q1 2023$5.3m$00.00
Q2 2023$5.4m$00.00

Biggest buyers

Arena Investors LP New +1,500,000+1.5m
Sandia Investment Management LP Added +929,786+929.8k
Atlas Merchant Capital LLC Added +732,790+732.8k
Sea Otter Advisors LLC New +528,253+528.3k
Spartan Fund Management Inc. New +501,279+501.3k
BERKLEY W R CORP New +363,873+363.9k
MIZUHO SECURITIES USA LLC New +285,634+285.6k
Radcliffe Capital Management, L.P. Added +284,139+284.1k
Diametric Capital, LP New +200,000+200.0k
P SCHOENFELD ASSET MANAGEMENT LP Added +149,935+149.9k

Biggest sellers

ARISTEIA CAPITAL, L.L.C. Sold out -5,244,230-5.2m
Karpus Management, Inc. Sold out -4,468,515-4.5m
D. E. Shaw & Co., Inc. Sold out -3,258,713-3.3m
Hudson Bay Capital Management LP Sold out -2,903,160-2.9m
First Trust Capital Management L.P. Reduced -2,815,525-2.8m
HSBC HOLDINGS PLC Sold out -2,232,614-2.2m
Westchester Capital Management, LLC Reduced -1,979,465-2.0m
TD Asset Management Inc Sold out -1,500,000-1.5m
ADAGE CAPITAL PARTNERS GP, L.L.C. Sold out -1,500,000-1.5m
Meteora Capital, LLC Reduced -1,474,627-1.5m

Biggest calls

Public Sector Pension Investment Board Unchanged $4.1m400.0k shares
Paloma Partners Management Co Unchanged $1.2m119.3k 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 Westchester Capital Management, LLC 0.63% of their portfolio VALHALLA, NY 2,075,4262.1m $18.3m $18.3m 0.63% Reduced -2.0m -1,979,465
2 Public Sector Pension Investment Board 0.14% of their portfolio MONTREAL, A8 1,940,1001.9m $20.0m $20.0m 0.14% Unchanged
3 FIR TREE CAPITAL MANAGEMENT LP 1.52% of their portfolio New York, NY 1,500,0001.5m $15.5m $15.5m 1.52% Reduced -421.5k -421,519
4 Arena Investors LP 15.02% of their portfolio PURCHASE, NY 1,500,0001.5m $15.5m $15.5m 15.02% New
5 Sandia Investment Management LP 4.44% of their portfolio BOSTON, MA 1,400,0001.4m $14.5m $14.5m 4.44% Added +929.8k +929,786
6 First Trust Capital Management L.P. 0.77% of their portfolio CHICAGO, IL 1,251,3001.3m $12.9m $12.9m 0.77% Reduced -2.8m -2,815,525
7 P SCHOENFELD ASSET MANAGEMENT LP 1.62% of their portfolio NEW YORK, NY 1,150,0001.1m $11.9m $11.9m 1.62% Added +149.9k +149,935
8 Periscope Capital Inc. 0.89% of their portfolio Toronto, A6 1,100,0001.1m $11.4m $11.4m 0.89% Reduced -1.4m -1,399,772
9 Radcliffe Capital Management, L.P. 0.88% of their portfolio BALA CYNWYD, PA 1,000,0001.0m $10.3m $10.3m 0.88% Added +284.1k +284,139
10 MOORE CAPITAL MANAGEMENT, LP 0.25% of their portfolio NEW YORK, NY 1,000,0001.0m $10.3m $10.3m 0.25% Unchanged
11 Atlas Merchant Capital LLC 1.98% of their portfolio New York, NY 900,000900.0k $9.3m $9.3m 1.98% Added +732.8k +732,790
12 Sea Otter Advisors LLC 4.22% of their portfolio Miami, FL 528,253528.3k $5.5m $5.5m 4.22% New
13 Spartan Fund Management Inc. 0.50% of their portfolio TORONTO, ONTARIO, Z4 501,279501.3k $2.1m $2.1m 0.50% New
14 BERKLEY W R CORP 0.23% of their portfolio Greenwich, CT 363,873363.9k $3.8m $3.8m 0.23% New
15 PICTON MAHONEY ASSET MANAGEMENT 0.18% of their portfolio Toronto, A6 350,000350.0k $3.6m $3.6m 0.18% Reduced -116.7k -116,667
16 MIZUHO SECURITIES USA LLC 0.10% of their portfolio NEW YORK, NY 285,634285.6k $2.9m $2.9m 0.10% New
17 Exos TFP Holdings LLC 1.25% of their portfolio NEW YORK, NY 246,100246.1k $2.5m $2.5m 1.25% Reduced -17.4k -17,353
18 Sculptor Capital LP 0.06% of their portfolio New York, NY 212,110212.1k $2.2m $2.2m 0.06% Reduced -869.9k -869,932
19 BOOTHBAY FUND MANAGEMENT, LLC 0.06% of their portfolio NEW YORK, NY 200,000200.0k $2.1m $2.1m 0.06% Reduced -969.4k -969,388
20 Diametric Capital, LP 0.92% of their portfolio BOSTON, MA 200,000200.0k $2.1m $2.1m 0.92% New
21 GRITSTONE ASSET MANAGEMENT LLC 1.88% of their portfolio Bethesda, MD 148,416148.4k $1.5m $1.5m 1.88% Reduced -824 -824
22 Meteora Capital, LLC 0.25% of their portfolio Boca Raton, FL 132,000132.0k $1.4m $1.4m 0.25% Reduced -1.5m -1,474,627
23 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 103,288103.3k $1.1m $1.1m 0.00% Reduced -1.2m -1,189,166
24 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.05% of their portfolio WEST PALM BEACH, FL 100,000100.0k $1.0m $1.0m 0.05% Reduced -331.1k -331,118
25 Schechter Investment Advisors, LLC 0.09% of their portfolio BIRMINGHAM, MI 98,33698.3k $1.0m $1.0m 0.09% New
26 MASO CAPITAL PARTNERS Ltd 0.43% of their portfolio HONG KONG, K3 95,72595.7k $989.0k $989.0k 0.43% Unchanged
27 Bulldog Investors, LLP 0.28% of their portfolio SADDLE BROOK, NJ 80,55380.6k $832.1k $832.1k 0.28% New
28 Akaris Global Partners, LP 0.00% of their portfolio NEW YORK, NY 71,81371.8k $8.8k $8.8k 0.00% Unchanged
29 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 35,00035.0k $361.6k $361.6k 0.01% New
30 XTX Topco Ltd 0.03% of their portfolio LONDON, X0 16,94716.9k $175.1k $175.1k 0.03% Reduced -2.5k -2,531
31 Virtu Financial LLC 0.01% of their portfolio New York, NY 15,25415.3k $158.0k $158.0k 0.01% Reduced -3.7k -3,685
32 Trexquant Investment LP 0.00% of their portfolio STAMFORD, CT 11,58711.6k $119.7k $119.7k 0.00% Reduced -9.7k -9,730
33 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 1,9792.0k $20.4k $20.4k 0.00% Reduced -3.2k -3,196
34 Quarry LP 0.01% of their portfolio NEW YORK, NY 1,6671.7k $17.2k $17.2k 0.01% Reduced -398.3k -398,333
35 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 11 $10 $10 0.00% Reduced -50.0k -50,002
36 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged