Vault-13

PEARL HOLDINGS ACQUISITN COR

CLASS A ORD SHS · CUSIP G44525106

54 institutional holders -10 vs Q1 2023
17,986,54418.0m shares reported held*
$189.7mreported value*
5 new 12 added 14 reduced 15 sold out net sold ≈ $11.5m (-1.1m 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 ≈ $10.55.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 58Q4 22: 59Q1 23: 64Q2 23: 5454Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202258
Q4 202259
Q1 202364
Q2 202354

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 17 bought or addedQ4 22: 13 cut or sold outQ4 22Q1 23: 21 bought or addedQ1 23: 12 cut or sold outQ1 23Q2 23: 17 bought or addedQ2 23: 29 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221713
Q1 20232112
Q2 20231729

Biggest buyers

First Trust Capital Management L.P. Added +1,697,768+1.7m
MIZUHO SECURITIES USA LLC New +1,361,410+1.4m
COWEN AND COMPANY, LLC Added +1,019,165+1.0m
BERKLEY W R CORP Added +473,792+473.8k
Westchester Capital Management, LLC Added +306,311+306.3k
Castle Creek Arbitrage, LLC Added +296,339+296.3k
Exos TFP Holdings LLC New +250,000+250.0k
CSS LLC/IL New +230,998+231.0k
Periscope Capital Inc. Added +151,960+152.0k
CLEAR STREET LLC New +58,717+58.7k

Biggest sellers

ARISTEIA CAPITAL, L.L.C. Reduced -1,150,000-1.1m
Saba Capital Management, L.P. Sold out -954,512-954.5k
MARSHALL WACE, LLP Sold out -813,856-813.9k
Cubist Systematic Strategies, LLC Sold out -708,853-708.9k
PICTON MAHONEY ASSET MANAGEMENT Reduced -699,202-699.2k
CANTOR FITZGERALD, L. P. Sold out -656,979-657.0k
Starboard Value LP Sold out -440,871-440.9k
Sculptor Capital LP Reduced -257,216-257.2k
BOOTHBAY FUND MANAGEMENT, LLC Reduced -162,528-162.5k
DIFESA CAPITAL MANAGEMENT, LP Sold out -159,000-159.0k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 First Trust Capital Management L.P. 1.34% of their portfolio CHICAGO, IL 2,134,3362.1m $22.5m $22.5m 1.34% Added +1.7m +1,697,768
2 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.03% of their portfolio Boston, MA 1,500,0001.5m $15.8m $15.8m 0.03% Unchanged
3 MIZUHO SECURITIES USA LLC 0.47% of their portfolio NEW YORK, NY 1,361,4101.4m $14.3m $14.3m 0.47% New
4 Westchester Capital Management, LLC 0.48% of their portfolio VALHALLA, NY 1,305,3111.3m $13.8m $13.8m 0.48% Added +306.3k +306,311
5 COWEN AND COMPANY, LLC 0.92% of their portfolio NEW YORK, NY 1,056,1731.1m $11.1m $11.1m 0.92% Added +1.0m +1,019,165
6 BERKLEY W R CORP 0.65% of their portfolio Greenwich, CT 1,022,7761.0m $10.8m $10.8m 0.65% Added +473.8k +473,792
7 Calamos Advisors LLC 0.05% of their portfolio NAPERVILLE, IL 1,000,0001.0m $10.6m $10.6m 0.05% Unchanged
8 Castle Creek Arbitrage, LLC 0.85% of their portfolio AVON, CO 646,339646.3k $6.8m $6.8m 0.85% Added +296.3k +296,339
9 AQR Arbitrage LLC 0.26% of their portfolio Greenwich, CT 562,511562.5k $5.9m $5.9m 0.26% Reduced -143.2k -143,173
10 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 549,000549.0k $5.8m $5.8m 0.01% Unchanged
11 Periscope Capital Inc. 0.45% of their portfolio Toronto, A6 546,506546.5k $5.8m $5.8m 0.45% Added +152.0k +151,960
12 KIM, LLC 0.49% of their portfolio WICHITA, KS 545,798545.8k $5.8m $5.8m 0.49% Added +25.8k +25,798
13 Magnetar Financial LLC 0.12% of their portfolio EVANSTON, IL 509,298509.3k $5.4m $5.4m 0.12% Unchanged
14 Polar Asset Management Partners Inc. 0.10% of their portfolio TORONTO, A6 500,000500.0k $5.3m $5.3m 0.10% Unchanged
15 ARISTEIA CAPITAL, L.L.C. 0.18% of their portfolio GREENWICH, CT 476,919476.9k $5.0m $5.0m 0.18% Reduced -1.1m -1,150,000
16 RPO LLC 4.12% of their portfolio Stamford, CT 383,492383.5k $4.0m $4.0m 4.12% Reduced -15.0k -14,979
17 Radcliffe Capital Management, L.P. 0.32% of their portfolio BALA CYNWYD, PA 359,736359.7k $3.8m $3.8m 0.32% Added +25.0k +25,020
18 GLAZER CAPITAL, LLC 0.22% of their portfolio New York, NY 308,798308.8k $3.3m $3.3m 0.22% Reduced -85.1k -85,075
19 Vestcor Inc 0.12% of their portfolio FREDERICTON, A3 300,000300.0k $3.2m $3.2m 0.12% Unchanged
20 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 260,702260.7k $2.7m $2.7m 0.00% Unchanged
21 Exos TFP Holdings LLC 1.29% of their portfolio NEW YORK, NY 250,000250.0k $2.6m $2.6m 1.29% New
22 Linden Advisors LP 0.03% of their portfolio New York, NY 244,000244.0k $2.6m $2.6m 0.03% Unchanged
23 CSS LLC/IL 0.19% of their portfolio CHICAGO, IL 230,998231.0k $2.4m $2.4m 0.19% New
24 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.05% of their portfolio CHICAGO, IL 226,579226.6k $2.4m $2.4m 0.05% Reduced -5.1k -5,107
25 Lynwood Capital Management Inc. 2.47% of their portfolio TORONTO, A6 184,990185.0k $2.0m $2.0m 2.47% Unchanged
26 BOOTHBAY FUND MANAGEMENT, LLC 0.06% of their portfolio NEW YORK, NY 172,571172.6k $1.8m $1.8m 0.06% Reduced -162.5k -162,528
27 ATW SPAC MANAGEMENT LLC 1.17% of their portfolio NEW YORK, NY 155,787155.8k $1.6m $1.6m 1.17% Unchanged
28 Hudson Bay Capital Management LP 0.02% of their portfolio STAMFORD, CT 150,000150.0k $1.6m $1.6m 0.02% Reduced -150.0k -150,000
29 Walleye Capital LLC 0.02% of their portfolio NEW YORK, NY 125,759125.8k $1.3m $1.3m 0.02% Added +8.3k +8,252
30 Weiss Asset Management LP 0.13% of their portfolio BOSTON, MA 100,000100.0k $1.1m $1.1m 0.13% Unchanged
31 Bulldog Investors, LLP 0.26% of their portfolio SADDLE BROOK, NJ 75,31275.3k $794.5k $794.5k 0.26% Reduced -3.5k -3,465
32 TENOR CAPITAL MANAGEMENT Co., L.P. 0.02% of their portfolio NEW YORK, NY 75,00075.0k $791.2k $791.2k 0.02% Unchanged
33 Walleye Trading LLC 0.04% of their portfolio NEW YORK, NY 70,74070.7k $746.3k $746.3k 0.04% Unchanged
34 CLEAR STREET LLC 0.01% of their portfolio NEW YORK, NY 58,71758.7k $619.5k $619.5k 0.01% New
35 OMERS ADMINISTRATION Corp 0.01% of their portfolio TORONTO, A6 50,00050.0k $528.0k $528.0k 0.01% Unchanged
36 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio HARRISBURG, PA 48,84248.8k $515.3k $515.3k 0.00% Unchanged
37 WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio CHICAGO, IL 47,30547.3k $499.1k $499.1k 0.01% Added +40.8k +40,788
38 Sculptor Capital LP 0.01% of their portfolio New York, NY 45,79845.8k $483.2k $483.2k 0.01% Reduced -257.2k -257,216
39 PICTON MAHONEY ASSET MANAGEMENT 0.02% of their portfolio Toronto, A6 45,79845.8k $483.0k $483.0k 0.02% Reduced -699.2k -699,202
40 Schechter Investment Advisors, LLC 0.04% of their portfolio BIRMINGHAM, MI 38,79838.8k $409.3k $409.3k 0.04% Reduced -64.5k -64,546
41 Woodline Partners LP 0.00% of their portfolio San Francisco, CA 37,50037.5k $395.6k $395.6k 0.00% Unchanged
42 FIR TREE CAPITAL MANAGEMENT LP 0.03% of their portfolio New York, NY 32,66532.7k $344.9k $344.9k 0.03% Unchanged
43 Karpus Management, Inc. 0.01% of their portfolio Pittsford, NY 30,60030.6k $319.8k $319.8k 0.01% Unchanged
44 ROBINSON CAPITAL MANAGEMENT, LLC 0.12% of their portfolio GROSSE POINTE FARMS, MI 25,98326.0k $274.1k $274.1k 0.12% Reduced -499 -499
45 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 25,98326.0k $274.0k $274.0k 0.01% Reduced -27.0k -26,981
46 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 20,80020.8k $219.4k $219.4k 0.00% Unchanged
47 Cohanzick Management, LLC 0.21% of their portfolio Pleasantville, NY 17,49217.5k $184.7k $184.7k 0.21% Reduced -2.5k -2,550
48 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 16,38816.4k $172.9k $172.9k 0.00% Unchanged
49 Meteora Capital, LLC 0.03% of their portfolio Boca Raton, FL 15,04315.0k $158.7k $158.7k 0.03% Added +800 +800
50 Wellspring Financial Advisors, LLC 0.04% of their portfolio CLEVELAND, OH 15,00015.0k $158.2k $158.2k 0.04% Unchanged
51 CAAS CAPITAL MANAGEMENT LP 0.06% of their portfolio NEW YORK, NY 10,90010.9k $115.0k $115.0k 0.06% Unchanged
52 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 10,20910.2k $107.8k $107.8k 0.00% New
53 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 1,8821.9k $19.9k $19.9k 0.00% Added +551 +551
54 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged