FINNOVATE ACQUISITION CORP
*W EXP 09/30/202 · CUSIP G3R34K111
42
institutional holders
+0 vs Q2 2023
6.8m
shares reported held*
$975.1kreported value*
2 new
4 added
5 reduced
2 sold out
net bought ≈ $11.3k (+220.1k 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 ≈ $0.14. Options: 3 managers hold calls ($11.9k notional), 0 hold puts (—).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 40 |
| Q4 2022 | 39 |
| Q1 2023 | 40 |
| Q2 2023 | 42 |
| Q3 2023 | 42 |
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 | 6 | 8 |
| Q1 2023 | 3 | 6 |
| Q2 2023 | 10 | 10 |
| Q3 2023 | 6 | 7 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $16.9k | $0 | 0.00 |
| Q1 2023 | $14.4k | $0 | 0.00 |
| Q2 2023 | $8.1k | $8.0k | 0.98 |
| Q3 2023 | $11.9k | $0 | 0.00 |
Biggest buyers
| Shaolin Capital Management LLC | New | +262.5k |
| Exos TFP Holdings LLC | Added | +94.2k |
| Hudson Bay Capital Management LP | Added | +24.3k |
| CITADEL ADVISORS LLC | Added | +7.3k |
| CLEAR STREET LLC | Added | +256 |
| UBS Group AG | New | +156 |
Biggest sellers
| StoneX Group Inc. | Reduced | -61.6k |
| PRELUDE CAPITAL MANAGEMENT, LLC | Sold out | -39.5k |
| CVI Holdings, LLC | Reduced | -31.0k |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | Sold out | -21.3k |
| Castle Creek Arbitrage, LLC | Reduced | -8.4k |
| Schonfeld Strategic Advisors LLC | Reduced | -5.0k |
| ROBINSON CAPITAL MANAGEMENT, LLC | Reduced | -1.9k |
Biggest calls
| TUDOR INVESTMENT CORP ET AL | Unchanged | $5.3k112.5k shares |
| CITIGROUP INC | Unchanged | $5.1k112.5k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $1.6k33.8k 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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.0m $59.0k | Unchanged |
| Periscope Capital Inc. 0.01% of their portfolio | 1.0m $45.9k | Unchanged |
| EHP Funds Inc. 0.02% of their portfolio | 735.7k $33.1k | Unchanged |
| Saba Capital Management, L.P. 0.00% of their portfolio | 660.1k $29.7k | Unchanged |
| Linden Advisors LP 0.00% of their portfolio | 318.7k $14.1k | Unchanged |
| KIM, LLC 0.00% of their portfolio | 300.0k $13.3k | Unchanged |
| Sculptor Capital LP 0.00% of their portfolio | 300.0k $13.5k | Unchanged |
| Hudson Bay Capital Management LP 0.00% of their portfolio | 298.6k $13.9k | Added +24.3k |
| Context Capital Management, LLC 0.00% of their portfolio | 262.5k $12.0k | Unchanged |
| Shaolin Capital Management LLC 0.00% of their portfolio | 262.5k $12.0k | New |
| Taconic Capital Advisors LP 0.00% of their portfolio | 240.0k $11.2k | Unchanged |
| AQR Arbitrage LLC 0.00% of their portfolio | 232.7k $10.9k | Unchanged |
| Q Global Advisors, LLC 0.01% of their portfolio | 211.3k $10.0k | Unchanged |
| Yakira Capital Management, Inc. 0.00% of their portfolio | 206.2k $9.3k | Unchanged |
| Calamos Advisors LLC 0.00% of their portfolio | 183.7k $8.1k | Unchanged |
| Verition Fund Management LLC 0.00% of their portfolio | 159.4k $7.4k | Unchanged |
| PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio | 150.0k $6.0k | Unchanged |
| Castle Creek Arbitrage, LLC 0.00% of their portfolio | 133.5k $6.0k | Reduced -8.4k |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.00% of their portfolio | 130.4k $5.9k | Unchanged |
| StoneX Group Inc. 0.00% of their portfolio | 100.6k $3.5k | Reduced -61.6k |
| Exos TFP Holdings LLC 0.00% of their portfolio | 95.8k $4.4k | Added +94.2k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 93.7k $3.8k | Unchanged |
| FIFTH LANE CAPITAL, LP 0.00% of their portfolio | 78.8k $3.5k | Unchanged |
| Radcliffe Capital Management, L.P. 0.00% of their portfolio | 75.0k $3.4k | Unchanged |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 75.0k $3.4k | Unchanged |
| Ayrton Capital LLC 0.02% of their portfolio | 75.0k $3.5k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 68.7k $3.2k | Unchanged |
| Segantii Capital Management Ltd 0.02% of their portfolio | 56.2k $612.6k | Unchanged |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 45.0k $2.1k | Unchanged |
| Walleye Capital LLC 0.00% of their portfolio | 34.5k $1.6k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 34.4k $1.6k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 32.5k $1.5k | Added +7.3k |
| CLEAR STREET LLC 0.00% of their portfolio | 31.0k $1.4k | Added +256 |
| Lynwood Capital Management Inc. 0.00% of their portfolio | 25.5k $1.2k | Unchanged |
| CVI Holdings, LLC 0.00% of their portfolio | 20.5k $958 | Reduced -31.0k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 20.0k $900 | Reduced -5.0k |
| Walleye Trading LLC 0.00% of their portfolio | 18.9k $885 | Unchanged |
| Ancora Advisors LLC 0.00% of their portfolio | 10.8k $379 | Unchanged |
| GLAZER CAPITAL, LLC 0.00% of their portfolio | 715 $0 | Unchanged |
| ROBINSON CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 657 $31 | Reduced -1.9k |
| UBS Group AG 0.00% of their portfolio | 156 $5 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |