Vault-13

LEARN CW INVESTMENT COR

*W EXP 10/08/202 · CUSIP G54157113

25 institutional holders -2 vs Q4 2023
8,759,7708.8m shares reported held*
$773.0kreported value*
0 new 2 added 2 reduced 2 sold out net sold ≈ $16.0k (-255.9k 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 ≈ $0.09. Options: 2 managers hold calls ($223.9k notional), 0 hold puts (—).

Trends to Q1 2024

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 25Q4 22: 27Q1 23: 25Q2 23: 25Q3 23: 28Q4 23: 27Q1 24: 2525Q3 22Q1 23Q3 23Q1 24
Numbers
QuarterHolders
Q3 202225
Q4 202227
Q1 202325
Q2 202325
Q3 202328
Q4 202327
Q1 202425

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q4 22: 3 bought or addedQ4 22: 3 cut or sold outQ4 22Q1 23: 2 bought or addedQ1 23: 2 cut or sold outQ1 23Q2 23: 4 bought or addedQ2 23: 3 cut or sold outQ2 23Q3 23: 6 bought or addedQ3 23: 2 cut or sold outQ3 23Q4 23: 7 bought or addedQ4 23: 8 cut or sold outQ4 23Q1 24: 2 bought or addedQ1 24: 4 cut or sold outQ1 24
Numbers
QuarterBought or addedCut or sold out
Q4 202233
Q1 202322
Q2 202343
Q3 202362
Q4 202378
Q1 202424

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ2 23 calls: $2.4mQ2 23 puts: $15.0kQ2 23P/C 0.01Q3 23 calls: $2.3mQ3 23 puts: $0Q3 23P/C 0.00Q4 23 calls: $218.8kQ4 23 puts: $0Q4 23P/C 0.00Q1 24 calls: $223.9kQ1 24 puts: $0Q1 24P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2023$2.4m$15.0k0.01
Q3 2023$2.3m$00.00
Q4 2023$218.8k$00.00
Q1 2024$223.9k$00.00

Biggest buyers

MIZUHO SECURITIES USA LLC Added +119,141+119.1k
Flow State Investments, L.P. Added +14,500+14.5k

Biggest sellers

P SCHOENFELD ASSET MANAGEMENT LP Sold out -167,842-167.8k
Radcliffe Capital Management, L.P. Sold out -157,197-157.2k
Meteora Capital, LLC Reduced -64,307-64.3k
CITADEL ADVISORS LLC Reduced -198-198

Biggest calls

MARSHALL WACE, LLP Unchanged $219.4k20.0k shares
MILLENNIUM MANAGEMENT LLC Unchanged $4.5k100.3k 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, Q1 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CANTOR FITZGERALD, L. P. 0.05% of their portfolio NEW YORK, NY 5,000,0005.0m $225.0k $225.0k 0.05% Unchanged
2 Periscope Capital Inc. 0.01% of their portfolio Toronto, A6 742,900742.9k $35.2k $35.2k 0.01% Unchanged
3 Shaolin Capital Management LLC 0.00% of their portfolio Miami, FL 566,596566.6k $25.5k $25.5k 0.00% Unchanged
4 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 412,500412.5k $19.8k $19.8k 0.00% Unchanged
5 MIZUHO SECURITIES USA LLC 0.00% of their portfolio NEW YORK, NY 252,442252.4k $2.5k $2.5k 0.00% Added +119.1k +119,141
6 Fort Baker Capital Management LP 0.00% of their portfolio Larkspur, CA 236,017236.0k $10.6k $10.6k 0.00% Unchanged
7 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.00% of their portfolio CHICAGO, IL 231,102231.1k $11.1k $11.1k 0.00% Unchanged
8 Sage Rock Capital Management LP 0.03% of their portfolio NEW YORK, NY 175,000175.0k $7.9k $7.9k 0.03% Unchanged
9 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 162,500162.5k $7.3k $7.3k 0.00% Unchanged
10 Polar Asset Management Partners Inc. 0.00% of their portfolio TORONTO, A6 131,300131.3k $6.3k $6.3k 0.00% Unchanged
11 Kepos Capital LP 0.00% of their portfolio NEW YORK, NY 128,950128.9k $6.0k $6.0k 0.00% Unchanged
12 MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio NEW YORK, NY 125,000125.0k $5.6k $5.6k 0.00% Unchanged
13 Silver Rock Financial LP 0.02% of their portfolio Los Angeles, CA 122,261122.3k $3.8k $3.8k 0.02% Unchanged
14 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 96,69496.7k $4.4k $4.4k 0.00% Unchanged
15 Context Capital Management, LLC 0.00% of their portfolio LAJOLLA, CA 87,30287.3k $3.9k $3.9k 0.00% Unchanged
16 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 83,04583.0k $3.7k $3.7k 0.00% Reduced -198 -198
17 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 79,90079.9k $3.6k $3.6k 0.00% Unchanged
18 Meteora Capital, LLC 0.00% of their portfolio Boca Raton, FL 64,30764.3k $2.0k $2.0k 0.00% Reduced -64.3k -64,307
19 Flow State Investments, L.P. 0.00% of their portfolio CHICAGO, IL 52,00052.0k $2.3k $2.3k 0.00% Added +14.5k +14,500
20 Segantii Capital Management Ltd 0.04% of their portfolio HONG KONG, K3 35,00035.0k $383.9k $383.9k 0.04% Unchanged
21 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio WEST PALM BEACH, FL 24,99925.0k $750 $750 0.00% Unchanged
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 22,10022.1k $685 $685 0.00% Unchanged
23 Q Global Advisors, LLC 0.00% of their portfolio FORT WORTH, TX 22,00022.0k $1.0k $1.0k 0.00% Unchanged
24 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 2,5492.5k $115 $115 0.00% Unchanged
25 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged