Vault-13

INFLECTION PT ACQUISITN CRP USAR

CL A ORD SHS · Common Stock · CUSIP G4790U102

46 institutional holders -6 vs Q1 2024
22,751,16622.8m shares reported held*
$241.2mreported value*
2 new 10 added 14 reduced 8 sold out net sold ≈ $26.6m (-2.5m 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 ($3.6m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.60.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 23: 51Q4 23: 48Q1 24: 52Q2 24: 4646Q3 23Q4 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202351
Q4 202348
Q1 202452
Q2 202446

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 23: 17 bought or addedQ4 23: 16 cut or sold outQ4 23Q1 24: 18 bought or addedQ1 24: 17 cut or sold outQ1 24Q2 24: 12 bought or addedQ2 24: 22 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20231716
Q1 20241817
Q2 20241222

Biggest buyers

Westchester Capital Management, LLC Added +1,557,144+1.6m
MIZUHO SECURITIES USA LLC New +1,404,850+1.4m
BERKLEY W R CORP Added +946,805+946.8k
Shaolin Capital Management LLC New +587,649+587.6k
WOLVERINE ASSET MANAGEMENT LLC Added +460,554+460.6k
Karpus Management, Inc. Added +319,175+319.2k
PICTON MAHONEY ASSET MANAGEMENT Added +250,000+250.0k
D. E. Shaw & Co., Inc. Added +200,000+200.0k
COWEN AND COMPANY, LLC Added +144,367+144.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +24,876+24.9k

Biggest sellers

HGC Investment Management Inc. Reduced -4,725,000-4.7m
Schechter Investment Advisors, LLC Reduced -819,332-819.3k
Polar Asset Management Partners Inc. Reduced -800,000-800.0k
Radcliffe Capital Management, L.P. Reduced -598,413-598.4k
Wealthspring Capital LLC Reduced -533,604-533.6k
Exos Asset Management LLC Sold out -336,478-336.5k
Periscope Capital Inc. Reduced -161,730-161.7k
Flow State Investments, L.P. Reduced -97,543-97.5k
Bulldog Investors, LLP Reduced -87,234-87.2k
Virtu Financial LLC Sold out -68,804-68.8k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Harraden Circle Investments, LLC 13G · passive investor +2.3 pts · filed 2025-02-25 10.6% +2.3 pts 892.8k 2025-02-25
Newtyn Management, LLC 13G · passive investor new · filed 2025-01-07 8.3% new 700.0k 2025-01-07

Insider purchases and sales in Q2 2024

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q2 2024.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Westchester Capital Management, LLC 1.04% of their portfolio VALHALLA, NY 2,292,7932.3m $24.3m $24.3m 1.04% Added +1.6m +1,557,144
2 MIZUHO SECURITIES USA LLC 0.33% of their portfolio NEW YORK, NY 1,404,8501.4m $14.8m $14.8m 0.33% New
3 Schechter Investment Advisors, LLC 1.00% of their portfolio BIRMINGHAM, MI 1,248,7771.2m $13.2m $13.2m 1.00% Reduced -819.3k -819,332
4 KIM, LLC 1.42% of their portfolio WICHITA, KS 1,245,0001.2m $13.2m $13.2m 1.42% Unchanged
5 AQR Arbitrage LLC 0.34% of their portfolio Greenwich, CT 1,244,7581.2m $13.2m $13.2m 0.34% Unchanged
6 First Trust Capital Management L.P. 1.16% of their portfolio CHICAGO, IL 1,202,9781.2m $12.8m $12.8m 1.16% Reduced -29 -29
7 PICTON MAHONEY ASSET MANAGEMENT 0.51% of their portfolio Toronto, A6 1,125,0001.1m $11.9m $11.9m 0.51% Added +250.0k +250,000
8 BERKLEY W R CORP 0.65% of their portfolio Greenwich, CT 1,095,6811.1m $11.6m $11.6m 0.65% Added +946.8k +946,805
9 ARISTEIA CAPITAL, L.L.C. 0.39% of their portfolio GREENWICH, CT 1,000,0001.0m $10.6m $10.6m 0.39% Unchanged
10 Linden Advisors LP 0.09% of their portfolio New York, NY 1,000,0001.0m $10.6m $10.6m 0.09% Unchanged
11 MMCAP International Inc. SPC 1.47% of their portfolio GRAND CAYMAN, E9 1,000,0001.0m $10.6m $10.6m 1.47% Unchanged
12 Karpus Management, Inc. 0.23% of their portfolio Pittsford, NY 777,898777.9k $8.2m $8.2m 0.23% Added +319.2k +319,175
13 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 763,823763.8k $8.1m $8.1m 0.01% Added +200.0k +200,000
14 Polar Asset Management Partners Inc. 0.19% of their portfolio TORONTO, A6 700,000700.0k $7.4m $7.4m 0.19% Reduced -800.0k -800,000
15 Periscope Capital Inc. 2.31% of their portfolio Toronto, A6 600,000600.0k $6.4m $6.4m 2.31% Reduced -161.7k -161,730
16 Shaolin Capital Management LLC 0.19% of their portfolio Miami, FL 587,649587.6k $6.2m $6.2m 0.19% New
17 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 550,000550.0k $5.8m $5.8m 0.01% Unchanged
18 Bulldog Investors, LLP 2.11% of their portfolio SADDLE BROOK, NJ 531,516531.5k $5.6m $5.6m 2.11% Reduced -87.2k -87,234
19 GLAZER CAPITAL, LLC 0.39% of their portfolio New York, NY 474,261474.3k $5.0m $5.0m 0.39% Reduced -7.6k -7,620
20 WOLVERINE ASSET MANAGEMENT LLC 0.09% of their portfolio CHICAGO, IL 462,850462.9k $4.9m $4.9m 0.09% Added +460.6k +460,554
21 COWEN AND COMPANY, LLC 0.12% of their portfolio NEW YORK, NY 405,958406.0k $4.3m $4.3m 0.12% Added +144.4k +144,367
22 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio HARRISBURG, PA 344,024344.0k $3.6m $3.6m 0.02% Unchanged
23 Wealthspring Capital LLC 4.20% of their portfolio WEST HARRISON, NY 340,553340.6k $3.6m $3.6m 4.20% Reduced -533.6k -533,604
24 Crossingbridge Advisors, LLC 1.95% of their portfolio PLEASANTVILLE, NY 310,460310.5k $3.3m $3.3m 1.95% Unchanged
25 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 253,000253.0k $2.7m $2.7m 0.00% Unchanged
26 Alberta Investment Management Corp 0.03% of their portfolio EDMONTON, A0 250,000250.0k $2.6m $2.6m 0.03% Unchanged
27 Centiva Capital, LP 0.13% of their portfolio New York, NY 250,000250.0k $2.6m $2.6m 0.13% Unchanged
28 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.06% of their portfolio CHICAGO, IL 206,973207.0k $2.2m $2.2m 0.06% Unchanged
29 MOORE CAPITAL MANAGEMENT, LP 0.03% of their portfolio NEW YORK, NY 150,000150.0k $1.6m $1.6m 0.03% Unchanged
30 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 150,000150.0k $1.6m $1.6m 0.01% Unchanged
31 Mint Tower Capital Management B.V. 0.63% of their portfolio AMSTERDAM, P7 150,000150.0k $1.6m $1.6m 0.63% Unchanged
32 Flow State Investments, L.P. 0.50% of their portfolio CHICAGO, IL 150,000150.0k $1.6m $1.6m 0.50% Reduced -97.5k -97,543
33 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.07% of their portfolio WEST PALM BEACH, FL 149,546149.5k $1.6m $1.6m 0.07% Reduced -12.3k -12,260
34 Radcliffe Capital Management, L.P. 0.31% of their portfolio BALA CYNWYD, PA 148,193148.2k $1.6m $1.6m 0.31% Reduced -598.4k -598,413
35 HGC Investment Management Inc. 0.61% of their portfolio TORONTO, A6 125,000125.0k $1.3m $1.3m 0.61% Reduced -4.7m -4,725,000
36 MASO CAPITAL PARTNERS Ltd 1.10% of their portfolio HONG KONG, K3 100,000100.0k $1.1m $1.1m 1.10% Unchanged
37 FIR TREE CAPITAL MANAGEMENT LP 0.60% of their portfolio New York, NY 80,32280.3k $851.4k $851.4k 0.60% Reduced -3.2k -3,218
38 DELTEC ASSET MANAGEMENT LLC 0.10% of their portfolio New York, NY 50,00050.0k $530.0k $530.0k 0.10% Unchanged
39 Sage Rock Capital Management LP 1.99% of their portfolio NEW YORK, NY 50,00050.0k $530.0k $530.0k 1.99% Unchanged
40 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 44,77044.8k $474.6k $474.6k 0.00% Added +24.9k +24,876
41 PenderFund Capital Management Ltd. 0.10% of their portfolio VANCOUVER, A1 25,00025.0k $362.5k $362.5k 0.10% Unchanged
42 CONDOR CAPITAL MANAGEMENT 0.02% of their portfolio MARTINSVILLE, NJ 21,55921.6k $228.5k $228.5k 0.02% Reduced -30.6k -30,554
43 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 15,36615.4k $162.9k $162.9k 0.00% Added +3.2k +3,193
44 ROBINSON CAPITAL MANAGEMENT, LLC 0.05% of their portfolio GROSSE POINTE FARMS, MI 12,51012.5k $132.6k $132.6k 0.05% Reduced -2.2k -2,156
45 UBS Group AG 0.00% of their portfolio ZURICH, V8 651651 $6.9k $6.9k 0.00% Added +550 +550
46 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged