Vault-13

HAYMAKER ACQUISITION CORP IV

*W EXP 05/31/202 · CUSIP G4375F116

33 institutional holders -5 vs Q3 2025
8,815,0828.8m shares reported held*
$14.0mreported value*
3 new 3 added 8 reduced 8 sold out net sold ≈ $929.4k (-124.7k 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 ≈ $1.58. Options: 2 managers hold calls ($69.8k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 23: 34Q4 23: 47Q1 24: 52Q2 24: 51Q3 24: 48Q4 24: 46Q1 25: 43Q2 25: 41Q3 25: 38Q4 25: 3333Q3 23Q1 24Q3 24Q1 25Q3 25Q4 25
Numbers
QuarterHolders
Q3 202334
Q4 202347
Q1 202452
Q2 202451
Q3 202448
Q4 202446
Q1 202543
Q2 202541
Q3 202538
Q4 202533

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 24: 10 bought or addedQ1 24: 7 cut or sold outQ2 24: 6 bought or addedQ2 24: 10 cut or sold outQ2 24Q3 24: 6 bought or addedQ3 24: 13 cut or sold outQ4 24: 4 bought or addedQ4 24: 15 cut or sold outQ4 24Q1 25: 6 bought or addedQ1 25: 13 cut or sold outQ2 25: 9 bought or addedQ2 25: 10 cut or sold outQ2 25Q3 25: 4 bought or addedQ3 25: 9 cut or sold outQ4 25: 6 bought or addedQ4 25: 16 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2024107
Q2 2024610
Q3 2024613
Q4 2024415
Q1 2025613
Q2 2025910
Q3 202549
Q4 2025616

Calls vs puts

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

CallsPuts
$0$20k$40k$60k$80kQ1 25 calls: $56.3kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $54.0kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $59.2kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $69.8kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$56.3k$00.00
Q2 2025$54.0k$00.00
Q3 2025$59.2k$00.00
Q4 2025$69.8k$00.00

Biggest buyers

Harraden Circle Investments, LLC Added +1,711,302+1.7m
Hudson Bay Capital Management LP New +414,916+414.9k
K2 PRINCIPAL FUND, L.P. Added +126,587+126.6k
JPMORGAN CHASE & CO New +50,000+50.0k
LMR Partners LLP Added +50,000+50.0k
Ground Swell Capital, LLC New +11,020+11.0k

Biggest sellers

Fort Baker Capital Management LP Sold out -848,590-848.6k
TORONTO DOMINION BANK Reduced -497,270-497.3k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Reduced -238,072-238.1k
Meteora Capital, LLC Sold out -231,369-231.4k
Periscope Capital Inc. Reduced -198,351-198.4k
Shaolin Capital Management LLC Reduced -154,513-154.5k
PICTON MAHONEY ASSET MANAGEMENT Sold out -100,000-100.0k
Sandia Investment Management LP Reduced -96,497-96.5k
Quarry LP Reduced -83,249-83.2k
Parallax Volatility Advisers, L.P. Sold out -81,701-81.7k

Biggest calls

ANGELO GORDON & CO., L.P. Unchanged $38.8k25.0k shares
MILLENNIUM MANAGEMENT LLC Reduced $31.0k20.0k 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, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Harraden Circle Investments, LLC 1.11% of their portfolio NEW YORK, NY 3,895,0703.9m $6.0m $6.0m 1.11% Added +1.7m +1,711,302
2 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 625,630625.6k $969.7k $969.7k 0.00% Reduced -497.3k -497,270
3 Linden Advisors LP 0.00% of their portfolio New York, NY 450,001450.0k $699.8k $699.8k 0.00% Unchanged
4 MMCAP International Inc. SPC 0.07% of their portfolio GRAND CAYMAN, E9 450,000450.0k $697.5k $697.5k 0.07% Unchanged
5 Polar Asset Management Partners Inc. 0.01% of their portfolio TORONTO, A6 450,000450.0k $697.5k $697.5k 0.01% Unchanged
6 Hudson Bay Capital Management LP 0.00% of their portfolio STAMFORD, CT 414,916414.9k $643.1k $643.1k 0.00% New
7 Driehaus Capital Management LLC 0.00% of their portfolio Chicago, IL 249,999250.0k $387.5k $387.5k 0.00% Unchanged
8 Periscope Capital Inc. 0.07% of their portfolio Toronto, A6 249,249249.2k $386.3k $386.3k 0.07% Reduced -198.4k -198,351
9 Shaolin Capital Management LLC 0.01% of their portfolio Miami, FL 197,510197.5k $306.1k $306.1k 0.01% Reduced -154.5k -154,513
10 Wealthspring Capital LLC 0.07% of their portfolio WEST HARRISON, NY 194,650194.7k $301.7k $301.7k 0.07% Reduced -8.2k -8,200
11 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 175,000175.0k $271.2k $271.2k 0.00% Unchanged
12 MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio NEW YORK, NY 150,000150.0k $232.5k $232.5k 0.00% Unchanged
13 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 148,621148.6k $230.4k $230.4k 0.00% Unchanged
14 ARISTEIA CAPITAL, L.L.C. 0.01% of their portfolio GREENWICH, CT 146,252146.3k $227.4k $227.4k 0.01% Unchanged
15 K2 PRINCIPAL FUND, L.P. 0.02% of their portfolio TORONTO, A6 139,087139.1k $215.6k $215.6k 0.02% Added +126.6k +126,587
16 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 136,928136.9k $212.2k $212.2k 0.01% Reduced -238.1k -238,072
17 GRITSTONE ASSET MANAGEMENT LLC 0.15% of their portfolio Bethesda, MD 103,843103.8k $161.0k $161.0k 0.15% Unchanged
18 Quarry LP 0.03% of their portfolio NEW YORK, NY 101,451101.5k $157.2k $157.2k 0.03% Reduced -83.2k -83,249
19 Alberta Investment Management Corp 0.00% of their portfolio EDMONTON, A0 100,000100.0k $155.0k $155.0k 0.00% Unchanged
20 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 87,50087.5k $135.6k $135.6k 0.00% Unchanged
21 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.01% of their portfolio WEST PALM BEACH, FL 85,04385.0k $131.8k $131.8k 0.01% Unchanged
22 LMR Partners LLP 0.00% of their portfolio LONDON, X0 75,00075.0k $116.2k $116.2k 0.00% Added +50.0k +50,000
23 Mint Tower Capital Management B.V. 0.01% of their portfolio AMSTERDAM, P7 75,00075.0k $116.0k $116.0k 0.01% Unchanged
24 Sandia Investment Management LP 0.26% of their portfolio BOSTON, MA 66,00266.0k $102.3k $102.3k 0.26% Reduced -96.5k -96,497
25 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 50,00050.0k $77.5k $77.5k 0.00% New
26 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 50,00050.0k $77.5k $77.5k 0.00% Unchanged
27 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 29,02229.0k $45.0k $45.0k 0.00% Unchanged
28 TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio NEW YORK, NY 25,04925.0k $38.8k $38.8k 0.00% Unchanged
29 GABELLI & Co INVESTMENT ADVISERS, INC. 0.00% of their portfolio Rye, NY 19,40019.4k $30.1k $30.1k 0.00% Unchanged
30 GABELLI FUNDS LLC 0.00% of their portfolio Rye, NY 18,10018.1k $28.1k $28.1k 0.00% Unchanged
31 READYSTATE ASSET MANAGEMENT LP 0.00% of their portfolio CHICAGO, IL 17,66717.7k $27.4k $27.4k 0.00% Reduced -72.3k -72,333
32 Yakira Capital Management, Inc. 0.01% of their portfolio Westport, CT 15,00015.0k $23.3k $23.3k 0.01% Unchanged
33 Ground Swell Capital, LLC 0.04% of their portfolio FOLLY BEACH, SC 11,02011.0k $17.1k $17.1k 0.04% New