Vault-13

INVESTCORP INDIA ACQUISTN CO IVCAF

CLASS A ORD SHS · Common Stock · CUSIP G49219101

49 institutional holders +0 vs Q1 2023
24,170,05124.2m shares reported held*
$258.5mreported value*
6 new 13 added 11 reduced 6 sold out net bought ≈ $7.8m (+732.9k 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 ≈ $10.70. Options: 0 managers hold calls (— notional), 1 hold puts ($5.9m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 40Q4 22: 46Q1 23: 49Q2 23: 4949Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202240
Q4 202246
Q1 202349
Q2 202349

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 16 bought or addedQ4 22: 12 cut or sold outQ4 22Q1 23: 22 bought or addedQ1 23: 15 cut or sold outQ1 23Q2 23: 19 bought or addedQ2 23: 17 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221612
Q1 20232215
Q2 20231917

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 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: $5.9mQ2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$5.9m—

Biggest buyers

KIM, LLC Added +920,200+920.2k
PICTON MAHONEY ASSET MANAGEMENT Added +794,216+794.2k
COWEN AND COMPANY, LLC New +606,840+606.8k
Castle Creek Arbitrage, LLC Added +562,761+562.8k
First Trust Capital Management L.P. Added +402,944+402.9k
HGC Investment Management Inc. New +391,369+391.4k
Bulldog Investors, LLP New +232,382+232.4k
ARISTEIA CAPITAL, L.L.C. Added +202,875+202.9k
MIZUHO SECURITIES USA LLC Added +128,271+128.3k
JPMORGAN CHASE & CO New +100,000+100.0k

Biggest sellers

Shaolin Capital Management LLC Sold out -925,000-925.0k
Hudson Bay Capital Management LP Reduced -700,000-700.0k
Balyasny Asset Management L.P. Sold out -700,000-700.0k
CITADEL ADVISORS LLC Sold out -526,952-527.0k
Saba Capital Management, L.P. Reduced -401,658-401.7k
DIFESA CAPITAL MANAGEMENT, LP Sold out -200,000-200.0k
Cohanzick Management, LLC Sold out -111,000-111.0k
Schonfeld Strategic Advisors LLC Sold out -85,000-85.0k
AQR Arbitrage LLC Reduced -82,315-82.3k
Tidal Investments LLC Reduced -32,603-32.6k

Biggest calls

None

Biggest puts

Shaolin Capital Management LLC New $5.9m550.0k 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.

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
MIZUHO FINANCIAL GROUP INC 13G · institution no change · filed 2025-05-13 5.1% no change 408.3k 2025-05-13

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.05% of their portfolio Boston, MA 2,025,0002.0m $21.7m $21.7m 0.05% Unchanged
2 PICTON MAHONEY ASSET MANAGEMENT 0.71% of their portfolio Toronto, A6 1,344,2161.3m $14.4m $14.4m 0.71% Added +794.2k +794,216
3 Westchester Capital Management, LLC 0.48% of their portfolio VALHALLA, NY 1,292,8991.3m $13.8m $13.8m 0.48% Unchanged
4 Periscope Capital Inc. 0.97% of their portfolio Toronto, A6 1,159,1641.2m $12.4m $12.4m 0.97% Added +9.8k +9,751
5 FIR TREE CAPITAL MANAGEMENT LP 1.11% of their portfolio New York, NY 1,055,3261.1m $11.3m $11.3m 1.11% Reduced -1.1k -1,144
6 KIM, LLC 0.96% of their portfolio WICHITA, KS 1,045,2001.0m $11.2m $11.2m 0.96% Added +920.2k +920,200
7 Saba Capital Management, L.P. 0.35% of their portfolio NEW YORK, NY 985,620985.6k $10.6m $10.6m 0.35% Reduced -401.7k -401,658
8 GLAZER CAPITAL, LLC 0.69% of their portfolio New York, NY 971,220971.2k $10.4m $10.4m 0.69% Added +97.8k +97,759
9 Polar Asset Management Partners Inc. 0.19% of their portfolio TORONTO, A6 900,000900.0k $9.6m $9.6m 0.19% Unchanged
10 Radcliffe Capital Management, L.P. 0.79% of their portfolio BALA CYNWYD, PA 871,550871.5k $9.3m $9.3m 0.79% Reduced -1.0k -1,012
11 First Trust Capital Management L.P. 0.55% of their portfolio CHICAGO, IL 867,467867.5k $9.3m $9.3m 0.55% Added +402.9k +402,944
12 Castle Creek Arbitrage, LLC 1.08% of their portfolio AVON, CO 812,761812.8k $8.7m $8.7m 1.08% Added +562.8k +562,761
13 Starboard Value LP 0.17% of their portfolio New York, NY 750,000750.0k $8.0m $8.0m 0.17% Unchanged
14 CANTOR FITZGERALD, L. P. 0.17% of their portfolio NEW YORK, NY 709,007709.0k $7.6m $7.6m 0.17% Unchanged
15 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 704,101704.1k $7.5m $7.5m 0.00% Added +4.1k +4,101
16 Karpus Management, Inc. 0.24% of their portfolio Pittsford, NY 702,326702.3k $7.5m $7.5m 0.24% Reduced -2.0k -2,013
17 Hudson Bay Capital Management LP 0.08% of their portfolio STAMFORD, CT 700,000700.0k $7.5m $7.5m 0.08% Reduced -700.0k -700,000
18 COWEN AND COMPANY, LLC 0.54% of their portfolio NEW YORK, NY 606,840606.8k $6.5m $6.5m 0.54% New
19 TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio NEW YORK, NY 562,500562.5k $6.0m $6.0m 0.02% Unchanged
20 ARISTEIA CAPITAL, L.L.C. 0.21% of their portfolio GREENWICH, CT 559,029559.0k $6.0m $6.0m 0.21% Added +202.9k +202,875
21 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 550,000550.0k $5.9m $5.9m 0.01% Unchanged
22 AQR Arbitrage LLC 0.23% of their portfolio Greenwich, CT 496,889496.9k $5.3m $5.3m 0.23% Reduced -82.3k -82,315
23 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.10% of their portfolio CHICAGO, IL 445,083445.1k $4.8m $4.8m 0.10% Reduced -10.0k -10,032
24 MIZUHO SECURITIES USA LLC 0.14% of their portfolio NEW YORK, NY 402,500402.5k $4.2m $4.2m 0.14% Added +128.3k +128,271
25 MMCAP International Inc. SPC 1.41% of their portfolio GRAND CAYMAN, E9 400,000400.0k $4.3m $4.3m 1.41% Unchanged
26 HGC Investment Management Inc. 1.51% of their portfolio TORONTO, A6 391,369391.4k $4.2m $4.2m 1.51% New
27 Magnetar Financial LLC 0.09% of their portfolio EVANSTON, IL 364,500364.5k $3.9m $3.9m 0.09% Unchanged
28 BERKLEY W R CORP 0.19% of their portfolio Greenwich, CT 288,873288.9k $3.1m $3.1m 0.19% Added +39.9k +39,914
29 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 265,860265.9k $2.8m $2.8m 0.01% Unchanged
30 RPO LLC 2.85% of their portfolio Stamford, CT 261,158261.2k $2.8m $2.8m 2.85% Unchanged
31 Verition Fund Management LLC 0.04% of their portfolio GREENWICH, CT 259,400259.4k $2.8m $2.8m 0.04% Unchanged
32 Taconic Capital Advisors LP 0.16% of their portfolio NEW YORK, NY 250,000250.0k $2.7m $2.7m 0.16% Unchanged
33 Bulldog Investors, LLP 0.82% of their portfolio SADDLE BROOK, NJ 232,382232.4k $2.5m $2.5m 0.82% New
34 GRITSTONE ASSET MANAGEMENT LLC 2.74% of their portfolio Bethesda, MD 209,164209.2k $2.2m $2.2m 2.74% Reduced -836 -836
35 Sage Rock Capital Management LP 2.60% of their portfolio NEW YORK, NY 199,744199.7k $2.1m $2.1m 2.60% Unchanged
36 BOOTHBAY FUND MANAGEMENT, LLC 0.04% of their portfolio NEW YORK, NY 117,521117.5k $1.3m $1.3m 0.04% Unchanged
37 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 101,830101.8k $1.1m $1.1m 0.01% Unchanged
38 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 100,000100.0k $1.1m $1.1m 0.00% New
39 Sea Otter Advisors LLC 0.41% of their portfolio Miami, FL 50,00050.0k $535.0k $535.0k 0.41% Unchanged
40 ROBINSON CAPITAL MANAGEMENT, LLC 0.15% of their portfolio GROSSE POINTE FARMS, MI 31,39731.4k $335.9k $335.9k 0.15% Reduced -603 -603
41 Tidal Investments LLC 0.01% of their portfolio Milwaukee, WI 31,39731.4k $336.0k $336.0k 0.01% Reduced -32.6k -32,603
42 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 25,90025.9k $277.3k $277.3k 0.00% Added +3.0k +3,000
43 WHITEBOX ADVISORS LLC 0.01% of their portfolio MINNEAPOLIS, MN 25,00025.0k $267.5k $267.5k 0.01% Unchanged
44 Virtu Financial LLC 0.02% of their portfolio New York, NY 23,30923.3k $250.0k $250.0k 0.02% Added +4.6k +4,571
45 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 12,37112.4k $132.1k $132.1k 0.00% New
46 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 8,9819.0k $96.1k $96.1k 0.00% Reduced -1.4k -1,352
47 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 697697 $7.5k $7.5k 0.00% Added +612 +612
48 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 500500 $5.3k $5.3k 0.00% New
49 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged