Vault-13

ARES ACQUISITION CORP II KDKRW

*W EXP 99/99/999 · Equity WRT · CUSIP G33033120

40 institutional holders +0 vs Q1 2024
16,482,78216.5m shares reported held*
$2.2mreported value*
2 new 5 added 7 reduced 2 sold out net sold ≈ $131.1k (-1.0m 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 ($26.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $0.14. Options: 2 managers hold calls ($3.4m notional), 0 hold puts (—).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q2 23: 27Q3 23: 43Q4 23: 43Q1 24: 40Q2 24: 4040Q2 23Q3 23Q4 23Q1 24Q2 24
Numbers
QuarterHolders
Q2 202327
Q3 202343
Q4 202343
Q1 202440
Q2 202440

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 23: 22 bought or addedQ3 23: 5 cut or sold outQ3 23Q4 23: 14 bought or addedQ4 23: 13 cut or sold outQ4 23Q1 24: 8 bought or addedQ1 24: 13 cut or sold outQ1 24Q2 24: 7 bought or addedQ2 24: 9 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q3 2023225
Q4 20231413
Q1 2024813
Q2 202479

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ3 23 calls: $6.2mQ3 23 puts: $0Q3 23P/C 0.00Q4 23 calls: $5.3mQ4 23 puts: $0Q4 23P/C 0.00Q1 24 calls: $4.8mQ1 24 puts: $0Q1 24P/C 0.00Q2 24 calls: $3.4mQ2 24 puts: $0Q2 24P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2023$6.2m$00.00
Q4 2023$5.3m$00.00
Q1 2024$4.8m$00.00
Q2 2024$3.4m$00.00

Biggest buyers

K2 PRINCIPAL FUND, L.P. Added +250,289+250.3k
Dryden Capital, LLC Added +250,000+250.0k
Shaolin Capital Management LLC Added +174,600+174.6k
Schonfeld Strategic Advisors LLC New +80,000+80.0k
StoneX Group Inc. New +15,000+15.0k
CLEAR STREET LLC Added +8,686+8.7k
Wealthspring Capital LLC Added +2,860+2.9k

Biggest sellers

HGC Investment Management Inc. Reduced -677,252-677.3k
Periscope Capital Inc. Reduced -423,344-423.3k
Taconic Capital Advisors LP Reduced -175,000-175.0k
Radcliffe Capital Management, L.P. Reduced -171,289-171.3k
COWEN AND COMPANY, LLC Reduced -167,650-167.7k
CAPSTONE INVESTMENT ADVISORS, LLC Sold out -150,000-150.0k
NewEdge Wealth, LLC Sold out -15,000-15.0k
Schechter Investment Advisors, LLC Reduced -13,160-13.2k
ARISTEIA CAPITAL, L.L.C. Reduced -263-263

Biggest calls

MARSHALL WACE, LLP Reduced $3.4m320.0k shares
MILLENNIUM MANAGEMENT LLC Unchanged $26.0k200.0k 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.

Insider purchases and sales in Q2 2024

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Sculptor Capital LP 0.00% of their portfolio New York, NY 1,280,0921.3m $170.6k $170.6k 0.00% Unchanged
2 Polar Asset Management Partners Inc. 0.00% of their portfolio TORONTO, A6 1,250,0001.2m $162.5k $162.5k 0.00% Unchanged
3 Periscope Capital Inc. 0.05% of their portfolio Toronto, A6 1,115,3001.1m $148.6k $148.6k 0.05% Reduced -423.3k -423,344
4 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 1,099,9991.1m $143.0k $143.0k 0.00% Unchanged
5 Linden Advisors LP 0.00% of their portfolio New York, NY 1,000,0001.0m $130.0k $130.0k 0.00% Unchanged
6 ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio GREENWICH, CT 954,907954.9k $127.2k $127.2k 0.00% Reduced -263 -263
7 COWEN AND COMPANY, LLC 0.00% of their portfolio NEW YORK, NY 854,839854.8k $111.1k $111.1k 0.00% Reduced -167.7k -167,650
8 Alberta Investment Management Corp 0.00% of their portfolio EDMONTON, A0 850,000850.0k $110.5k $110.5k 0.00% Unchanged
9 Exos Asset Management LLC 0.12% of their portfolio NEW YORK, NY 825,744825.7k $107.3k $107.3k 0.12% Unchanged
10 Dryden Capital, LLC 0.17% of their portfolio MIAMI, FL 760,000760.0k $98.8k $98.8k 0.17% Added +250.0k +250,000
11 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 750,000750.0k $97.5k $97.5k 0.00% Unchanged
12 Schechter Investment Advisors, LLC 0.01% of their portfolio BIRMINGHAM, MI 745,885745.9k $97.0k $97.0k 0.01% Reduced -13.2k -13,160
13 Shaolin Capital Management LLC 0.00% of their portfolio Miami, FL 700,000700.0k $91.0k $91.0k 0.00% Added +174.6k +174,600
14 HGC Investment Management Inc. 0.04% of their portfolio TORONTO, A6 677,252677.3k $88.0k $88.0k 0.04% Reduced -677.3k -677,252
15 K2 PRINCIPAL FUND, L.P. 0.02% of their portfolio TORONTO, A6 544,172544.2k $70.7k $70.7k 0.02% Added +250.3k +250,289
16 PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio Toronto, A6 400,000400.0k $52.0k $52.0k 0.00% Unchanged
17 Westchester Capital Management, LLC 0.00% of their portfolio VALHALLA, NY 399,998400.0k $49.4k $49.4k 0.00% Unchanged
18 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio WEST PALM BEACH, FL 367,930367.9k $47.8k $47.8k 0.00% Unchanged
19 KIM, LLC 0.00% of their portfolio WICHITA, KS 350,000350.0k $45.5k $45.5k 0.00% Unchanged
20 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 345,157345.2k $44.9k $44.9k 0.00% Unchanged
21 GLAZER CAPITAL, LLC 0.00% of their portfolio New York, NY 289,933289.9k $38.0k $38.0k 0.00% Unchanged
22 Flow State Investments, L.P. 0.01% of their portfolio CHICAGO, IL 285,000285.0k $37.0k $37.0k 0.01% Unchanged
23 MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio NEW YORK, NY 250,000250.0k $32.5k $32.5k 0.00% Unchanged
24 Wealthspring Capital LLC 0.03% of their portfolio WEST HARRISON, NY 201,595201.6k $26.2k $26.2k 0.03% Added +2.9k +2,860
25 Walleye Trading LLC 0.00% of their portfolio NEW YORK, NY 194,151194.2k $25.2k $25.2k 0.00% Unchanged
26 Boussard & Gavaudan Investment Management LLP 0.00% of their portfolio London, X0 150,000150.0k $19.5k $19.5k 0.00% Unchanged
27 Hudson Bay Capital Management LP 0.00% of their portfolio STAMFORD, CT 132,045132.0k $17.2k $17.2k 0.00% Unchanged
28 Taconic Capital Advisors LP 0.00% of their portfolio NEW YORK, NY 125,000125.0k $16.2k $16.2k 0.00% Reduced -175.0k -175,000
29 Spartan Fund Management Inc. 0.03% of their portfolio TORONTO, ONTARIO, Z4 89,54389.5k $11.9k $11.9k 0.03% Unchanged
30 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.00% of their portfolio CHICAGO, IL 85,38385.4k $11.4k $11.4k 0.00% Unchanged
31 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 85,00085.0k $11.1k $11.1k 0.00% Unchanged
32 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 80,00080.0k $10.7k $10.7k 0.00% New
33 Radcliffe Capital Management, L.P. 0.00% of their portfolio BALA CYNWYD, PA 52,04252.0k $6.9k $6.9k 0.00% Reduced -171.3k -171,289
34 TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio NEW YORK, NY 50,00050.0k $6.5k $6.5k 0.00% Unchanged
35 BCK CAPITAL MANAGEMENT LP 0.00% of their portfolio STAMFORD, CT 27,85027.9k $3.6k $3.6k 0.00% Unchanged
36 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 23,78023.8k $3.1k $3.1k 0.00% Added +8.7k +8,686
37 LEVIN CAPITAL STRATEGIES, L.P. 0.00% of their portfolio NEW YORK, NY 16,69516.7k $2.1k $2.1k 0.00% Unchanged
38 StoneX Group Inc. 0.00% of their portfolio NEW YORK, NY 15,00015.0k $1.9k $1.9k 0.00% New
39 TrueMark Investments, LLC 0.00% of their portfolio CHICAGO, IL 10,08510.1k $1.3k $1.3k 0.00% Unchanged
40 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged