Vault-13

PEARL HOLDINGS ACQUISITN COR

CLASS A ORD SHS · CUSIP G44525106

15 institutional holders -39 vs Q3 2023
1,882,5001.9m shares reported held*
$20.2mreported value*
5 new 3 added 4 reduced 43 sold out net sold ≈ $178.4m (-16.7m 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 ≈ $10.71.

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 58Q4 22: 59Q1 23: 64Q2 23: 54Q3 23: 54Q4 23: 1515Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202258
Q4 202259
Q1 202364
Q2 202354
Q3 202354
Q4 202315

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 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 23Q3 23: 17 bought or addedQ3 23: 15 cut or sold outQ3 23Q4 23: 8 bought or addedQ4 23: 47 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221713
Q1 20232112
Q2 20231729
Q3 20231715
Q4 2023847

Biggest buyers

Atlas Merchant Capital LLC New +250,000+250.0k
MANGROVE PARTNERS IM, LLC New +249,158+249.2k
Meteora Capital, LLC Added +183,996+184.0k
Sandia Investment Management LP New +125,000+125.0k
K2 PRINCIPAL FUND, L.P. New +100,000+100.0k
RIVERNORTH CAPITAL MANAGEMENT, LLC Added +80,000+80.0k
JPMORGAN CHASE & CO New +4,704+4.7k
Tower Research Capital LLC (TRC) Added +364+364

Biggest sellers

First Trust Capital Management L.P. Sold out -2,134,336-2.1m
ADAGE CAPITAL PARTNERS GP, L.L.C. Sold out -1,500,000-1.5m
Westchester Capital Management, LLC Sold out -1,428,729-1.4m
BERKLEY W R CORP Sold out -1,406,356-1.4m
COWEN AND COMPANY, LLC Sold out -1,113,091-1.1m
Calamos Advisors LLC Sold out -1,000,000-1.0m
Periscope Capital Inc. Sold out -801,813-801.8k
KIM, LLC Sold out -789,641-789.6k
Castle Creek Arbitrage, LLC Sold out -643,763-643.8k
AQR Arbitrage LLC Sold out -562,511-562.5k

Holders, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Polar Asset Management Partners Inc. 0.07% of their portfolio TORONTO, A6 250,000250.0k $2.7m $2.7m 0.07% Reduced -250.0k -250,000
2 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.13% of their portfolio WEST PALM BEACH, FL 250,000250.0k $2.7m $2.7m 0.13% Added +80.0k +80,000
3 Exos TFP Holdings LLC 1.65% of their portfolio NEW YORK, NY 250,000250.0k $2.7m $2.7m 1.65% Reduced -25.0k -25,000
4 Atlas Merchant Capital LLC 0.80% of their portfolio New York, NY 250,000250.0k $2.7m $2.7m 0.80% New
5 MANGROVE PARTNERS IM, LLC 0.19% of their portfolio Greenwich, CT 249,158249.2k $2.7m $2.7m 0.19% New
6 Meteora Capital, LLC 0.18% of their portfolio Boca Raton, FL 199,058199.1k $2.1m $2.1m 0.18% Added +184.0k +183,996
7 Walleye Capital LLC 0.02% of their portfolio NEW YORK, NY 125,759125.8k $1.3m $1.3m 0.02% Unchanged
8 Sandia Investment Management LP 0.93% of their portfolio BOSTON, MA 125,000125.0k $1.3m $1.3m 0.93% New
9 K2 PRINCIPAL FUND, L.P. 0.25% of their portfolio TORONTO, A6 100,000100.0k $1.1m $1.1m 0.25% New
10 Walleye Trading LLC 0.01% of their portfolio NEW YORK, NY 70,74070.7k $757.6k $757.6k 0.01% Unchanged
11 ROBINSON CAPITAL MANAGEMENT, LLC 0.03% of their portfolio GROSSE POINTE FARMS, MI 6,8776.9k $73.7k $73.7k 0.03% Reduced -790 -790
12 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 4,7044.7k $50.4k $50.4k 0.00% New
13 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 650650 $7.0k $7.0k 0.00% Reduced -328.4k -328,379
14 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 554554 $5.9k $5.9k 0.00% Added +364 +364
15 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged