Vault-13

LEARN CW INVESTMENT COR

CL A ORD SHS · CUSIP G54157105

49 institutional holders +0 vs Q1 2023
14,973,08815.0m shares reported held*
$157.0mreported value*
5 new 9 added 10 reduced 5 sold out net bought ≈ $707.9k (+67.5k 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 ($2.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.49.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 36Q4 22: 43Q1 23: 49Q2 23: 4949Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202236
Q4 202243
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
20020Q4 22: 11 bought or addedQ4 22: 11 cut or sold outQ4 22Q1 23: 14 bought or addedQ1 23: 12 cut or sold outQ1 23Q2 23: 14 bought or addedQ2 23: 15 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221111
Q1 20231412
Q2 20231415

Biggest buyers

JPMORGAN CHASE & CO New +480,000+480.0k
First Trust Capital Management L.P. Added +297,000+297.0k
PICTON MAHONEY ASSET MANAGEMENT New +278,532+278.5k
COWEN AND COMPANY, LLC New +277,073+277.1k
Flow State Investments, L.P. Added +150,000+150.0k
ARISTEIA CAPITAL, L.L.C. Added +150,000+150.0k
BERKLEY W R CORP New +116,413+116.4k
RPO LLC Added +58,062+58.1k
Meteora Capital, LLC Added +38,264+38.3k
BOOTHBAY FUND MANAGEMENT, LLC Added +26,128+26.1k

Biggest sellers

GLAZER CAPITAL, LLC Sold out -623,563-623.6k
Balyasny Asset Management L.P. Sold out -500,000-500.0k
MARSHALL WACE, LLP Reduced -482,639-482.6k
Segantii Capital Management Ltd Sold out -70,000-70.0k
Silver Rock Financial LP Reduced -67,322-67.3k
Cubist Systematic Strategies, LLC Sold out -41,579-41.6k
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) Reduced -10,418-10.4k
WOLVERINE ASSET MANAGEMENT LLC Sold out -10,304-10.3k
JANUS HENDERSON GROUP PLC Reduced -10,302-10.3k
CLEAR STREET LLC Reduced -6,919-6.9k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CANTOR FITZGERALD, L. P. 0.83% of their portfolio NEW YORK, NY 3,427,0003.4m $35.9m $35.9m 0.83% Unchanged
2 First Trust Capital Management L.P. 0.68% of their portfolio CHICAGO, IL 1,092,6221.1m $11.5m $11.5m 0.68% Added +297.0k +297,000
3 Westchester Capital Management, LLC 0.35% of their portfolio VALHALLA, NY 971,680971.7k $10.2m $10.2m 0.35% Unchanged
4 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 825,000825.0k $8.7m $8.7m 0.04% Unchanged
5 ARISTEIA CAPITAL, L.L.C. 0.24% of their portfolio GREENWICH, CT 659,834659.8k $6.9m $6.9m 0.24% Added +150.0k +150,000
6 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 480,000480.0k $5.0m $5.0m 0.00% New
7 Sage Rock Capital Management LP 6.08% of their portfolio NEW YORK, NY 476,346476.3k $5.0m $5.0m 6.08% Unchanged
8 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.10% of their portfolio CHICAGO, IL 462,203462.2k $4.9m $4.9m 0.10% Reduced -10.4k -10,418
9 Silver Rock Financial LP 7.40% of their portfolio Los Angeles, CA 365,198365.2k $3.8m $3.8m 7.40% Reduced -67.3k -67,322
10 Walleye Capital LLC 0.07% of their portfolio NEW YORK, NY 361,954362.0k $3.8m $3.8m 0.07% Reduced -64 -64
11 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 344,798344.8k $3.6m $3.6m 0.00% Reduced -10.3k -10,302
12 Periscope Capital Inc. 0.28% of their portfolio Toronto, A6 335,900335.9k $3.5m $3.5m 0.28% Unchanged
13 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio TORONTO, A6 325,000325.0k $3.4m $3.4m 0.02% Unchanged
14 Polar Asset Management Partners Inc. 0.06% of their portfolio TORONTO, A6 299,600299.6k $3.1m $3.1m 0.06% Unchanged
15 PICTON MAHONEY ASSET MANAGEMENT 0.14% of their portfolio Toronto, A6 278,532278.5k $2.9m $2.9m 0.14% New
16 COWEN AND COMPANY, LLC 0.24% of their portfolio NEW YORK, NY 277,073277.1k $2.9m $2.9m 0.24% New
17 Taconic Capital Advisors LP 0.17% of their portfolio NEW YORK, NY 275,000275.0k $2.9m $2.9m 0.17% Unchanged
18 MARSHALL WACE, LLP 0.01% of their portfolio LONDON, X0 271,013271.0k $2.8m $2.8m 0.01% Reduced -482.6k -482,639
19 Radcliffe Capital Management, L.P. 0.22% of their portfolio BALA CYNWYD, PA 250,016250.0k $2.6m $2.6m 0.22% Unchanged
20 MOORE CAPITAL MANAGEMENT, LP 0.06% of their portfolio NEW YORK, NY 250,000250.0k $2.6m $2.6m 0.06% Unchanged
21 KIM, LLC 0.22% of their portfolio WICHITA, KS 250,000250.0k $2.6m $2.6m 0.22% Unchanged
22 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 245,046245.0k $2.6m $2.6m 0.00% Unchanged
23 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 220,973221.0k $2.3m $2.3m 0.00% Unchanged
24 NOMURA HOLDINGS INC 0.02% of their portfolio TOKYO, M0 212,840212.8k $2.2m $2.2m 0.02% Unchanged
25 RiverPark Advisors, LLC 2.01% of their portfolio NEW YORK, NY 209,050209.1k $2.2m $2.2m 2.01% Unchanged
26 Cohanzick Management, LLC 2.43% of their portfolio Pleasantville, NY 209,050209.1k $2.2m $2.2m 2.43% Reduced -400 -400
27 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 200,600200.6k $2.1m $2.1m 0.00% Unchanged
28 Magnetar Financial LLC 0.05% of their portfolio EVANSTON, IL 198,198198.2k $2.1m $2.1m 0.05% Unchanged
29 Context Capital Management, LLC 0.17% of their portfolio LAJOLLA, CA 174,605174.6k $1.8m $1.8m 0.17% Unchanged
30 P SCHOENFELD ASSET MANAGEMENT LP 0.25% of their portfolio NEW YORK, NY 174,402174.4k $1.8m $1.8m 0.25% Unchanged
31 Flow State Investments, L.P. 0.71% of their portfolio CHICAGO, IL 160,108160.1k $1.7m $1.7m 0.71% Added +150.0k +150,000
32 AQR Arbitrage LLC 0.07% of their portfolio Greenwich, CT 159,738159.7k $1.7m $1.7m 0.07% Reduced -72 -72
33 BERKLEY W R CORP 0.07% of their portfolio Greenwich, CT 116,413116.4k $1.2m $1.2m 0.07% New
34 RPO LLC 1.19% of their portfolio Stamford, CT 111,500111.5k $1.2m $1.2m 1.19% Added +58.1k +58,062
35 FIR TREE CAPITAL MANAGEMENT LP 0.11% of their portfolio New York, NY 110,700110.7k $1.2m $1.2m 0.11% Reduced -2.0k -2,000
36 Walleye Trading LLC 0.06% of their portfolio NEW YORK, NY 107,976108.0k $1.1m $1.1m 0.06% Reduced -36 -36
37 BOOTHBAY FUND MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 56,64056.6k $593.6k $593.6k 0.02% Added +26.1k +26,128
38 CAAS CAPITAL MANAGEMENT LP 0.26% of their portfolio NEW YORK, NY 50,76950.8k $532.1k $532.1k 0.26% Unchanged
39 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.03% of their portfolio WEST PALM BEACH, FL 49,99850.0k $524.5k $524.5k 0.03% Unchanged
40 Meteora Capital, LLC 0.09% of their portfolio Boca Raton, FL 48,38548.4k $507.1k $507.1k 0.09% Added +38.3k +38,264
41 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 44,20044.2k $463.7k $463.7k 0.00% Unchanged
42 Virtu Financial LLC 0.01% of their portfolio New York, NY 15,82115.8k $166.0k $166.0k 0.01% New
43 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 11,40411.4k $119.6k $119.6k 0.00% Unchanged
44 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6,4416.4k $67.6k $67.6k 0.00% Added +5.1k +5,100
45 Elequin Capital, LP 0.03% of their portfolio NEW YORK, NY 5,0005.0k $52.4k $52.4k 0.03% Unchanged
46 Varenne Capital Partners 0.01% of their portfolio PARIS, I0 2,0642.1k $21.6k $21.6k 0.01% Added +546 +546
47 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 1,2161.2k $12.7k $12.7k 0.00% Reduced -6.9k -6,919
48 UBS Group AG 0.00% of their portfolio ZURICH, V8 232232 $2.4k $2.4k 0.00% Added +160 +160
49 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged