KERNEL GROUP HOLDINGS INC
*W EXP 02/02/202 · CUSIP G5259L129
46
institutional holders
-5 vs Q1 2024
5.8m
shares reported held*
$881.0kreported value*
1 new
1 added
9 reduced
5 sold out
net sold ≈ $177.5k (-1.3m 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 ≈ $0.15. Options: 1 managers hold calls ($45.7k notional), 0 hold puts (—).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 62 |
| Q4 2022 | 60 |
| Q1 2023 | 59 |
| Q2 2023 | 57 |
| Q3 2023 | 56 |
| Q4 2023 | 54 |
| Q1 2024 | 51 |
| Q2 2024 | 46 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 8 | 12 |
| Q1 2023 | 12 | 17 |
| Q2 2023 | 4 | 12 |
| Q3 2023 | 4 | 6 |
| Q4 2023 | 6 | 8 |
| Q1 2024 | 6 | 9 |
| Q2 2024 | 2 | 14 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $1.1m | $0 | 0.00 |
| Q4 2023 | $1.1m | $0 | 0.00 |
| Q1 2024 | $1.1m | $0 | 0.00 |
| Q2 2024 | $45.7k | $0 | 0.00 |
Biggest buyers
| K2 PRINCIPAL FUND, L.P. | New | +370.0k |
| COWEN AND COMPANY, LLC | Added | +54.8k |
Biggest sellers
| Periscope Capital Inc. | Reduced | -960.6k |
| NOMURA HOLDINGS INC | Sold out | -387.6k |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Reduced | -220.4k |
| Arena Investors LP | Sold out | -162.4k |
| Shaolin Capital Management LLC | Reduced | -79.4k |
| StoneX Group Inc. | Sold out | -35.5k |
| Sculptor Capital LP | Reduced | -33.0k |
| Sea Otter Advisors LLC | Sold out | -12.5k |
| Virtu Financial LLC | Sold out | -12.5k |
| HRT FINANCIAL LP | Reduced | -11.5k |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Reduced | $45.7k350.5k 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
| Manager | Shares | Change |
|---|---|---|
| ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio | 927.5k $110.7k | Unchanged |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 715.0k $93.2k | Reduced -220.4k |
| COWEN AND COMPANY, LLC 0.00% of their portfolio | 520.0k $67.8k | Added +54.8k |
| Antara Capital LP 0.10% of their portfolio | 452.2k $59.0k | Unchanged |
| K2 PRINCIPAL FUND, L.P. 0.01% of their portfolio | 370.0k $48.1k | New |
| Periscope Capital Inc. 0.01% of their portfolio | 278.4k $36.3k | Reduced -960.6k |
| Bracebridge Capital, LLC 0.02% of their portfolio | 270.5k $35.3k | Unchanged |
| MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio | 250.0k $32.6k | Unchanged |
| Sculptor Capital LP 0.00% of their portfolio | 244.7k $29.2k | Reduced -33.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 225.0k $29.3k | Unchanged |
| Q Global Advisors, LLC 0.02% of their portfolio | 218.5k $28.0k | Unchanged |
| Arena Capital Advisors, LLC- CA 0.03% of their portfolio | 205.1k $26.7k | Unchanged |
| LMR Partners LLP 0.00% of their portfolio | 175.0k $22.8k | Unchanged |
| Shaolin Capital Management LLC 0.00% of their portfolio | 170.0k $22.2k | Reduced -79.4k |
| CANYON CAPITAL ADVISORS LLC 0.00% of their portfolio | 150.0k $17.9k | Unchanged |
| Exos Asset Management LLC 0.02% of their portfolio | 146.9k $19.2k | Unchanged |
| Flow State Investments, L.P. 0.01% of their portfolio | 142.0k $18.5k | Unchanged |
| Walleye Capital LLC 0.00% of their portfolio | 130.8k $17.1k | Unchanged |
| Cinctive Capital Management LP 0.00% of their portfolio | 112.6k $14.7k | Unchanged |
| KIM, LLC 0.00% of their portfolio | 112.5k $14.7k | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 103.0k $13.4k | Reduced -940 |
| DUPONT CAPITAL MANAGEMENT CORP 0.00% of their portfolio | 75.0k $9.8k | Unchanged |
| PEAK6 Investments LLC 0.00% of their portfolio | 75.0k $9.8k | Unchanged |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 74.6k $9.7k | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 62.5k $8.2k | Unchanged |
| Walleye Trading LLC 0.00% of their portfolio | 61.5k $8.0k | Unchanged |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 56.9k $7.4k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 51.7k $6.7k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 50.0k $6.5k | Unchanged |
| OMERS ADMINISTRATION Corp 0.00% of their portfolio | 50.0k $6.5k | Unchanged |
| Meteora Capital, LLC 0.00% of their portfolio | 45.7k $6.0k | Unchanged |
| HRT FINANCIAL LP 0.00% of their portfolio | 38.8k $5.0k | Reduced -11.5k |
| CLEAR STREET LLC 0.00% of their portfolio | 38.5k $5.0k | Reduced -1.4k |
| AQR Arbitrage LLC 0.00% of their portfolio | 37.5k $4.9k | Unchanged |
| Silver Rock Financial LP 0.02% of their portfolio | 31.8k $4.2k | Unchanged |
| BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio | 27.8k $3.1k | Unchanged |
| GABELLI & Co INVESTMENT ADVISERS, INC. 0.00% of their portfolio | 25.1k $3.3k | Unchanged |
| Calamos Advisors LLC 0.00% of their portfolio | 25.1k $3.3k | Unchanged |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 25.0k $3.3k | Unchanged |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 25.0k $3.3k | Reduced -5.0k |
| BCK CAPITAL MANAGEMENT LP 0.00% of their portfolio | 23.3k $3.0k | Unchanged |
| GABELLI FUNDS LLC 0.00% of their portfolio | 20.7k $2.7k | Unchanged |
| Ancora Advisors LLC 0.00% of their portfolio | 18.7k $2.4k | Unchanged |
| Atalaya Capital Management LP 0.00% of their portfolio | 12.5k $1.6k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 5.2k $677 | Reduced -800 |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |