Vault-13

GRAF GLOBAL CORP TONT.WS

*W EXP 05/31/203 · Equity WRT · CUSIP G4036C122

35 institutional holders +0 vs Q2 2025
12,384,07512.4m shares reported held*
$5.6mreported value*
2 new 2 added 9 reduced 1 sold out net bought ≈ $2.7k (+8.1k 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 ≈ $0.45.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

02040Q3 24: 24Q4 24: 33Q1 25: 32Q2 25: 35Q3 25: 3535Q3 24Q4 24Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q3 202424
Q4 202433
Q1 202532
Q2 202535
Q3 202535

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 24: 14 bought or addedQ4 24: 9 cut or sold outQ4 24Q1 25: 3 bought or addedQ1 25: 10 cut or sold outQ1 25Q2 25: 12 bought or addedQ2 25: 7 cut or sold outQ2 25Q3 25: 4 bought or addedQ3 25: 10 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2024149
Q1 2025310
Q2 2025127
Q3 2025410

Biggest buyers

BNP PARIBAS FINANCIAL MARKETS New +338,011+338.0k
TORONTO DOMINION BANK Added +137,260+137.3k
Meteora Capital, LLC Added +18,992+19.0k
TrueMark Investments, LLC New +10,000+10.0k

Biggest sellers

AQR Arbitrage LLC Reduced -338,011-338.0k
CSS LLC/IL Reduced -109,928-109.9k
Schonfeld Strategic Advisors LLC Reduced -25,200-25.2k
Verition Fund Management LLC Reduced -9,550-9.6k
Bulldog Investors, LLP Reduced -5,573-5.6k
GRITSTONE ASSET MANAGEMENT LLC Reduced -2,469-2.5k
Parallax Volatility Advisers, L.P. Reduced -2,439-2.4k
Wealthspring Capital LLC Reduced -2,100-2.1k
UBS Group AG Sold out -866-866
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -58-58

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CANTOR FITZGERALD, L. P. 0.01% of their portfolio NEW YORK, NY 2,000,0002.0m $660.0k $660.0k 0.01% Unchanged
2 CSS LLC/IL 0.02% of their portfolio CHICAGO, IL 1,201,0961.2m $396.4k $396.4k 0.02% Reduced -109.9k -109,928
3 Magnetar Financial LLC 0.00% of their portfolio EVANSTON, IL 806,677806.7k $266.2k $266.2k 0.00% Unchanged
4 AQR Arbitrage LLC 0.01% of their portfolio Greenwich, CT 766,689766.7k $253.0k $253.0k 0.01% Reduced -338.0k -338,011
5 Linden Advisors LP 0.00% of their portfolio New York, NY 750,000750.0k $255.0k $255.0k 0.00% Unchanged
6 Polar Asset Management Partners Inc. 0.01% of their portfolio TORONTO, A6 750,000750.0k $247.5k $247.5k 0.01% Unchanged
7 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.01% of their portfolio WEST PALM BEACH, FL 550,000550.0k $181.5k $181.5k 0.01% Unchanged
8 PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio Toronto, A6 502,140502.1k $165.0k $165.0k 0.00% Unchanged
9 Alberta Investment Management Corp 0.00% of their portfolio EDMONTON, A0 490,000490.0k $161.7k $161.7k 0.00% Unchanged
10 LMR Partners LLP 0.00% of their portfolio LONDON, X0 490,000490.0k $161.7k $161.7k 0.00% Unchanged
11 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 437,260437.3k $144.3k $144.3k 0.00% Added +137.3k +137,260
12 MMCAP International Inc. SPC 0.02% of their portfolio GRAND CAYMAN, E9 415,000415.0k $136.9k $136.9k 0.02% Unchanged
13 Wealthspring Capital LLC 0.03% of their portfolio WEST HARRISON, NY 409,515409.5k $135.1k $135.1k 0.03% Reduced -2.1k -2,100
14 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 408,848408.8k $134.9k $134.9k 0.01% Reduced -58 -58
15 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 338,011338.0k $111.5k $111.5k 0.00% New
16 ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio GREENWICH, CT 294,478294.5k $100.1k $100.1k 0.00% Unchanged
17 Shaolin Capital Management LLC 0.00% of their portfolio Miami, FL 272,905272.9k $90.1k $90.1k 0.00% Unchanged
18 Periscope Capital Inc. 0.02% of their portfolio Toronto, A6 210,300210.3k $69.4k $69.4k 0.02% Unchanged
19 TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio NEW YORK, NY 200,000200.0k $66.0k $66.0k 0.00% Unchanged
20 K2 PRINCIPAL FUND, L.P. 0.01% of their portfolio TORONTO, A6 162,657162.7k $53.7k $53.7k 0.01% Unchanged
21 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 140,574140.6k $46.4k $46.4k 0.00% Reduced -9.6k -9,550
22 Parallax Volatility Advisers, L.P. 0.00% of their portfolio San Francisco, CA 134,133134.1k $44.3k $44.3k 0.00% Reduced -2.4k -2,439
23 BOOTHBAY FUND MANAGEMENT, LLC 0.04% of their portfolio NEW YORK, NY 132,475132.5k $1.4m $1.4m 0.04% Unchanged
24 ATW SPAC MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 132,475132.5k $43.7k $43.7k 0.06% Unchanged
25 WHITEBOX ADVISORS LLC 0.00% of their portfolio MINNEAPOLIS, MN 125,000125.0k $41.2k $41.2k 0.00% Unchanged
26 MASO CAPITAL PARTNERS Ltd 0.07% of their portfolio HONG KONG, K3 125,000125.0k $41.2k $41.2k 0.07% Unchanged
27 Bulldog Investors, LLP 0.01% of their portfolio SADDLE BROOK, NJ 116,436116.4k $38.4k $38.4k 0.01% Reduced -5.6k -5,573
28 Westchester Capital Management, LLC 0.00% of their portfolio VALHALLA, NY 106,977107.0k $35.3k $35.3k 0.00% Unchanged
29 GRITSTONE ASSET MANAGEMENT LLC 0.03% of their portfolio Bethesda, MD 87,33787.3k $28.8k $28.8k 0.03% Reduced -2.5k -2,469
30 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 79,80079.8k $26.3k $26.3k 0.00% Reduced -25.2k -25,200
31 MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio NEW YORK, NY 50,00050.0k $16.5k $16.5k 0.00% Unchanged
32 Meteora Capital, LLC 0.00% of their portfolio Boca Raton, FL 47,99248.0k $15.8k $15.8k 0.00% Added +19.0k +18,992
33 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 44,14844.1k $14.6k $14.6k 0.00% First filing
34 TrueMark Investments, LLC 0.00% of their portfolio CHICAGO, IL 10,00010.0k $3.3k $3.3k 0.00% New
35 PenderFund Capital Management Ltd. 0.00% of their portfolio VANCOUVER, A1 5,0005.0k $1.6k $1.6k 0.00% Unchanged