BATTERY FUTURE ACQUISITION C
*W EXP 99/99/999 · CUSIP G0888J124
40
institutional holders
+1 vs Q4 2023
12.0m
shares reported held*
$1.1mreported value*
3 new
1 added
3 reduced
2 sold out
net sold ≈ $6.4k (-301.5k 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 ≈ $0.09. Options: 3 managers hold calls ($3.0m notional), 0 hold puts (—).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 42 |
| Q4 2022 | 44 |
| Q1 2023 | 44 |
| Q2 2023 | 43 |
| Q3 2023 | 42 |
| Q4 2023 | 39 |
| Q1 2024 | 40 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 10 | 12 |
| Q1 2023 | 8 | 11 |
| Q2 2023 | 9 | 10 |
| Q3 2023 | 4 | 6 |
| Q4 2023 | 4 | 9 |
| Q1 2024 | 4 | 5 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $4.0m | $0 | 0.00 |
| Q3 2023 | $4.1m | $0 | 0.00 |
| Q4 2023 | $3.6m | $0 | 0.00 |
| Q1 2024 | $3.0m | $0 | 0.00 |
Biggest buyers
| Sea Otter Advisors LLC | New | +97.2k |
| MANGROVE PARTNERS IM, LLC | New | +10.1k |
| Flow State Investments, L.P. | Added | +5.8k |
| UBS Group AG | New | +1.6k |
Biggest sellers
| Spartan Fund Management Inc. | Sold out | -125.0k |
| Sea Otter Advisors LLC | Sold out | -97.2k |
| Walleye Capital LLC | Reduced | -95.8k |
| Schechter Investment Advisors, LLC | Reduced | -600 |
| Shaolin Capital Management LLC | Reduced | -400 |
Biggest calls
| MARSHALL WACE, LLP | Reduced | $3.0m271.0k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $7.3k207.5k shares |
| CITIGROUP INC | Unchanged | $2.6k75.0k 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, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| Periscope Capital Inc. 0.01% of their portfolio | 1.5m $53.2k | Unchanged |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.5m $60.3k | Unchanged |
| CANTOR FITZGERALD, L. P. 0.01% of their portfolio | 1.1m $57.4k | Unchanged |
| Shaolin Capital Management LLC 0.00% of their portfolio | 862.7k $30.3k | Reduced -400 |
| Saba Capital Management, L.P. 0.00% of their portfolio | 850.0k $42.6k | Unchanged |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 785.9k $27.6k | Unchanged |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio | 750.0k $26.3k | Unchanged |
| Calamos Advisors LLC 0.00% of their portfolio | 750.0k $26.3k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 625.0k $21.9k | Unchanged |
| AQR Arbitrage LLC 0.00% of their portfolio | 530.2k $18.6k | Unchanged |
| Altshuler Shaham Ltd 0.00% of their portfolio | 505.0k $17.7k | Unchanged |
| Davidson Kempner Capital Management LP 0.00% of their portfolio | 500.0k $17.6k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 351.1k $14.1k | Unchanged |
| Sculptor Capital LP 0.00% of their portfolio | 345.3k $17.3k | Unchanged |
| Flow State Investments, L.P. 0.00% of their portfolio | 265.8k $9.3k | Added +5.8k |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 261.2k $9.2k | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 250.0k $8.8k | Unchanged |
| LMR Partners LLP 0.00% of their portfolio | 250.0k $8.8k | Unchanged |
| KIM, LLC 0.00% of their portfolio | 200.0k $7.0k | Unchanged |
| Walleye Capital LLC 0.00% of their portfolio | 198.9k $7.0k | Reduced -95.8k |
| MMCAP International Inc. SPC 0.00% of their portfolio | 187.5k $6.6k | Unchanged |
| Parallax Volatility Advisers, L.P. 0.00% of their portfolio | 167.0k $5.9k | Unchanged |
| VR Advisory Services Ltd 0.00% of their portfolio | 150.0k $5.3k | Unchanged |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 125.0k $5.0k | Unchanged |
| Walleye Trading LLC 0.00% of their portfolio | 111.8k $3.9k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 110.9k $3.9k | Unchanged |
| COWEN AND COMPANY, LLC 0.00% of their portfolio | 100.4k $3.5k | Unchanged |
| Sea Otter Advisors LLC 0.02% of their portfolio | 97.2k $3.9k | New |
| CLEAR STREET LLC 0.00% of their portfolio | 92.6k $3.2k | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 75.0k $2.6k | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 55.9k $2.0k | Unchanged |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 50.0k $1.8k | Unchanged |
| Lynwood Capital Management Inc. 0.01% of their portfolio | 40.3k $1.4k | Unchanged |
| Segantii Capital Management Ltd 0.04% of their portfolio | 38.8k $426.9k | Unchanged |
| Schechter Investment Advisors, LLC 0.00% of their portfolio | 35.2k $1.2k | Reduced -600 |
| OMERS ADMINISTRATION Corp 0.00% of their portfolio | 25.0k $878 | Unchanged |
| MANGROVE PARTNERS IM, LLC 0.01% of their portfolio | 10.1k $111.2k | New |
| Ancora Advisors LLC 0.00% of their portfolio | 6.0k $211 | Unchanged |
| UBS Group AG 0.00% of their portfolio | 1.6k $57 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |