Vault-13

INVESTCORP EUROPE ACQUISITIO IVCWF

*W EXP 12/15/202 · Equity WRT · CUSIP G4923T113

36 institutional holders +0 vs Q1 2024
11,525,53111.5m shares reported held*
$795.6kreported value*
0 new 1 added 7 reduced 0 sold out net sold ≈ $53.4k (-734.3k 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 ≈ $0.07. Options: 3 managers hold calls ($253.8k notional), 0 hold puts (—).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 41Q4 22: 43Q1 23: 47Q2 23: 41Q3 23: 42Q4 23: 37Q1 24: 36Q2 24: 3636Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202241
Q4 202243
Q1 202347
Q2 202341
Q3 202342
Q4 202337
Q1 202436
Q2 202436

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 12 bought or addedQ4 22: 11 cut or sold outQ4 22Q1 23: 11 bought or addedQ1 23: 6 cut or sold outQ2 23: 6 bought or addedQ2 23: 16 cut or sold outQ2 23Q3 23: 8 bought or addedQ3 23: 12 cut or sold outQ4 23: 6 bought or addedQ4 23: 11 cut or sold outQ4 23Q1 24: 4 bought or addedQ1 24: 9 cut or sold outQ2 24: 1 bought or addedQ2 24: 7 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221211
Q1 2023116
Q2 2023616
Q3 2023812
Q4 2023611
Q1 202449
Q2 202417

Calls vs puts

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

CallsPuts
$0$200k$400k$600kQ3 23 calls: $469.2kQ3 23 puts: $0Q3 23P/C 0.00Q4 23 calls: $563.4kQ4 23 puts: $0Q4 23P/C 0.00Q1 24 calls: $383.4kQ1 24 puts: $0Q1 24P/C 0.00Q2 24 calls: $253.8kQ2 24 puts: $0Q2 24P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2023$469.2k$00.00
Q4 2023$563.4k$00.00
Q1 2024$383.4k$00.00
Q2 2024$253.8k$00.00

Biggest buyers

Flow State Investments, L.P. Added +62,000+62.0k

Biggest sellers

Periscope Capital Inc. Reduced -456,000-456.0k
K2 PRINCIPAL FUND, L.P. Reduced -164,323-164.3k
Parallax Volatility Advisers, L.P. Reduced -72,112-72.1k
Shaolin Capital Management LLC Reduced -58,729-58.7k
Sage Rock Capital Management LP Reduced -45,000-45.0k
Sea Otter Advisors LLC Reduced -1,949-1.9k
CLEAR STREET LLC Reduced -100-100

Biggest calls

MARSHALL WACE, LLP Reduced $227.0k20.0k shares
MILLENNIUM MANAGEMENT LLC Unchanged $23.9k330.0k shares
CITIGROUP INC Unchanged $2.9k62.2k 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, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Shaolin Capital Management LLC 0.00% of their portfolio Miami, FL 1,478,1391.5m $107.2k $107.2k 0.00% Reduced -58.7k -58,729
2 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio Boston, MA 1,000,0001.0m $1.0k $1.0k 0.00% Unchanged
3 Saba Capital Management, L.P. 0.00% of their portfolio NEW YORK, NY 899,952900.0k $65.2k $65.2k 0.00% Unchanged
4 Dryden Capital, LLC 0.11% of their portfolio MIAMI, FL 879,991880.0k $63.7k $63.7k 0.11% Unchanged
5 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 791,385791.4k $92.7k $92.7k 0.00% Unchanged
6 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 750,000750.0k $35.1k $35.1k 0.00% Unchanged
7 COWEN AND COMPANY, LLC 0.00% of their portfolio NEW YORK, NY 701,116701.1k $50.8k $50.8k 0.00% Unchanged
8 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 633,294633.3k $29.6k $29.6k 0.00% Unchanged
9 Periscope Capital Inc. 0.02% of their portfolio Toronto, A6 577,200577.2k $41.8k $41.8k 0.02% Reduced -456.0k -456,000
10 ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio GREENWICH, CT 400,000400.0k $25.2k $25.2k 0.00% Unchanged
11 Polar Asset Management Partners Inc. 0.00% of their portfolio TORONTO, A6 369,816369.8k $26.8k $26.8k 0.00% Unchanged
12 K2 PRINCIPAL FUND, L.P. 0.01% of their portfolio TORONTO, A6 344,748344.7k $24.1k $24.1k 0.01% Reduced -164.3k -164,323
13 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 321,140321.1k $15.0k $15.0k 0.00% Unchanged
14 Altshuler Shaham Ltd 0.00% of their portfolio Tel Aviv, L3 299,998300.0k $21.7k $21.7k 0.00% Unchanged
15 KIM, LLC 0.00% of their portfolio WICHITA, KS 274,950274.9k $19.9k $19.9k 0.00% Unchanged
16 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 260,100260.1k $12.2k $12.2k 0.00% Unchanged
17 LMR Partners LLP 0.00% of their portfolio LONDON, X0 250,000250.0k $18.1k $18.1k 0.00% Unchanged
18 Davidson Kempner Capital Management LP 0.00% of their portfolio New York, NY 250,000250.0k $9.0k $9.0k 0.00% Unchanged
19 Eisler Capital (US) LLC 0.00% of their portfolio NEW YORK, NY 250,000250.0k $18.1k $18.1k 0.00% Unchanged
20 Clear Street Derivatives LLC 0.00% of their portfolio NEW YORK, NY 214,400214.4k $15.5k $15.5k 0.00% Unchanged
21 Sage Rock Capital Management LP 0.05% of their portfolio NEW YORK, NY 200,000200.0k $14.5k $14.5k 0.05% Reduced -45.0k -45,000
22 Bulldog Investors, LLP 0.00% of their portfolio SADDLE BROOK, NJ 179,252179.3k $13.0k $13.0k 0.00% Unchanged
23 Q Global Advisors, LLC 0.01% of their portfolio FORT WORTH, TX 175,713175.7k $13.0k $13.0k 0.01% Unchanged
24 Flow State Investments, L.P. 0.00% of their portfolio CHICAGO, IL 150,000150.0k $10.9k $10.9k 0.00% Added +62.0k +62,000
25 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 140,192140.2k $10.2k $10.2k 0.00% Unchanged
26 Atalaya Capital Management LP 0.02% of their portfolio NEW YORK, NY 137,500137.5k $9.6k $9.6k 0.02% Unchanged
27 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 90,86290.9k $6.6k $6.6k 0.00% Unchanged
28 Walleye Trading LLC 0.00% of their portfolio NEW YORK, NY 78,85878.9k $5.7k $5.7k 0.00% Unchanged
29 Sea Otter Advisors LLC 0.04% of their portfolio Miami, FL 72,92372.9k $5.3k $5.3k 0.04% Reduced -1.9k -1,949
30 Sculptor Capital LP 0.00% of their portfolio New York, NY 61,05061.0k $3.8k $3.8k 0.00% Unchanged
31 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 47,26047.3k $3.4k $3.4k 0.00% Reduced -100 -100
32 Parallax Volatility Advisers, L.P. 0.00% of their portfolio San Francisco, CA 35,00035.0k $2.5k $2.5k 0.00% Reduced -72.1k -72,112
33 OMERS ADMINISTRATION Corp 0.00% of their portfolio TORONTO, A6 25,00025.0k $1.2k $1.2k 0.00% Unchanged
34 WHITEBOX ADVISORS LLC 0.00% of their portfolio MINNEAPOLIS, MN 25,00025.0k $1.8k $1.8k 0.00% Unchanged
35 Vestcor Inc 0.00% of their portfolio FREDERICTON, A3 25,00025.0k $1.0k $1.0k 0.00% Unchanged
36 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged