Vault-13

HCM ACQUISITION CO

CLASS A ORD SHS · CUSIP G4365A101

16 institutional holders -39 vs Q1 2023
3,979,1974.0m shares reported held*
$42.4mreported value*
2 new 0 added 13 reduced 41 sold out net sold ≈ $262.2m (-24.6m 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 ≈ $10.65. Options: 0 managers hold calls (— notional), 1 hold puts ($2.6m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 46Q4 22: 49Q1 23: 55Q2 23: 1616Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202246
Q4 202249
Q1 202355
Q2 202316

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q4 22: 17 bought or addedQ4 22: 14 cut or sold outQ4 22Q1 23: 25 bought or addedQ1 23: 14 cut or sold outQ1 23Q2 23: 2 bought or addedQ2 23: 54 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221714
Q1 20232514
Q2 2023254

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $2.6mQ2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$2.6m—

Biggest buyers

MIZUHO SECURITIES USA LLC New +25,140+25.1k
Tower Research Capital LLC (TRC) New +576+576

Biggest sellers

GLAZER CAPITAL, LLC Reduced -2,343,653-2.3m
Hudson Bay Capital Management LP Sold out -1,500,000-1.5m
Calamos Advisors LLC Sold out -1,250,000-1.2m
BANK OF MONTREAL /CAN/ Sold out -1,200,000-1.2m
Atlas Merchant Capital LLC Sold out -1,058,000-1.1m
MMCAP International Inc. SPC Sold out -1,000,000-1.0m
D. E. Shaw & Co., Inc. Sold out -922,405-922.4k
Westchester Capital Management, LLC Reduced -899,343-899.3k
First Trust Capital Management L.P. Sold out -854,649-854.6k
TWO SIGMA INVESTMENTS, LP Sold out -812,140-812.1k

Biggest calls

None

Biggest puts

Shaolin Capital Management LLC New $2.6m240.3k shares

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 KIM, LLC 0.59% of their portfolio WICHITA, KS 650,000650.0k $6.9m $6.9m 0.59% Reduced -150.0k -150,000
2 Westchester Capital Management, LLC 0.21% of their portfolio VALHALLA, NY 560,288560.3k $6.0m $6.0m 0.21% Reduced -899.3k -899,343
3 GLAZER CAPITAL, LLC 0.34% of their portfolio New York, NY 488,889488.9k $5.2m $5.2m 0.34% Reduced -2.3m -2,343,653
4 Castle Creek Arbitrage, LLC 0.53% of their portfolio AVON, CO 403,856403.9k $4.3m $4.3m 0.53% Reduced -126.1k -126,072
5 Polar Asset Management Partners Inc. 0.08% of their portfolio TORONTO, A6 400,000400.0k $4.3m $4.3m 0.08% Reduced -588.0k -588,000
6 Meteora Capital, LLC 0.78% of their portfolio Boca Raton, FL 398,901398.9k $4.2m $4.2m 0.78% Reduced -547.9k -547,854
7 AQR Arbitrage LLC 0.14% of their portfolio Greenwich, CT 300,000300.0k $3.2m $3.2m 0.14% Reduced -787.2k -787,233
8 BOOTHBAY FUND MANAGEMENT, LLC 0.07% of their portfolio NEW YORK, NY 209,758209.8k $2.2m $2.2m 0.07% Reduced -338.7k -338,673
9 Periscope Capital Inc. 0.17% of their portfolio Toronto, A6 200,000200.0k $2.1m $2.1m 0.17% Reduced -343.5k -343,533
10 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.04% of their portfolio CHICAGO, IL 181,263181.3k $1.9m $1.9m 0.04% Reduced -4.1k -4,086
11 BERKLEY W R CORP 0.09% of their portfolio Greenwich, CT 134,625134.6k $1.4m $1.4m 0.09% Reduced -790.1k -790,089
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 25,90025.9k $275.3k $275.3k 0.00% Reduced -200 -200
13 MIZUHO SECURITIES USA LLC 0.01% of their portfolio NEW YORK, NY 25,14025.1k $265.0k $265.0k 0.01% New
14 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 576576 $6.1k $6.1k 0.00% New
15 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 11 $11 $11 0.00% Reduced -3.5k -3,485
16 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged