Vault-13

NEWBURY STR II ACQUISITION C NTWO

ORD SHS CL A · Common Stock · CUSIP G6439S109

34 institutional holders +23 vs Q4 2024
13,159,58213.2m shares reported held*
$132.4mreported value*
24 new 3 added 2 reduced 1 sold out net bought ≈ $96.1m (+9.5m 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 ($636.1k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.06.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

02040Q4 24: 11Q1 25: 3434Q4 24Q1 25
Numbers
QuarterHolders
Q4 202411
Q1 202534

Biggest buyers

LMR Partners LLP New +1,450,000+1.4m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +1,200,000+1.2m
AQR Arbitrage LLC New +1,017,744+1.0m
Ghisallo Capital Management LLC New +950,000+950.0k
Linden Advisors LP New +900,000+900.0k
D. E. Shaw & Co., Inc. New +853,875+853.9k
PICTON MAHONEY ASSET MANAGEMENT New +625,000+625.0k
Schechter Investment Advisors, LLC New +526,884+526.9k
GLAZER CAPITAL, LLC New +496,812+496.8k
MMCAP International Inc. SPC New +450,000+450.0k

Biggest sellers

CSS LLC/IL Sold out -640,900-640.9k
TORONTO DOMINION BANK Reduced -458,845-458.8k
CLEAR STREET LLC Reduced -129,042-129.0k

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
LMR Partners LLP 13G · institution new · filed 2025-02-14 8.1% new 1.4m≈ $15.4m 2025-02-14
BARCLAYS PLC 13G · institution new · filed 2025-05-13 6.8% new 1.2m≈ $13.1m 2025-05-13
AQR CAPITAL MANAGEMENT LLC 13G · institution -2.4 pts · filed 2025-05-14 5.7% -2.4 pts 1.0m≈ $10.8m 2025-05-14

Fell to 5% or below in the last year: WOLVERINE ASSET MANAGEMENT LLC (0.1%, 2026-10-06), GOLDMAN SACHS GROUP INC (4.1%, 2026-08-13)

Insider purchases and sales in Q1 2025

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q2 23: 0 buyingQ2 23: 0 sellingQ3 23: 0 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24Q4 24: 1 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20230—0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20241$4.8m0——
Q1 20250—0——

None reported in Q1 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LMR Partners LLP 0.29% of their portfolio LONDON, X0 1,450,0001.4m $14.6m $14.6m 0.29% New
2 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.03% of their portfolio TORONTO, A6 1,200,0001.2m $12.1m $12.1m 0.03% New
3 AQR Arbitrage LLC 0.25% of their portfolio Greenwich, CT 1,017,7441.0m $10.2m $10.2m 0.25% New
4 Ghisallo Capital Management LLC 0.83% of their portfolio BOSTON, MA 950,000950.0k $9.6m $9.6m 0.83% New
5 Linden Advisors LP 0.06% of their portfolio New York, NY 900,000900.0k $9.1m $9.1m 0.06% New
6 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 853,875853.9k $8.6m $8.6m 0.01% New
7 Kepos Capital LP 6.77% of their portfolio NEW YORK, NY 811,800811.8k $8.2m $8.2m 6.77% Unchanged
8 PICTON MAHONEY ASSET MANAGEMENT 0.22% of their portfolio Toronto, A6 625,000625.0k $6.3m $6.3m 0.22% New
9 Karpus Management, Inc. 0.19% of their portfolio Pittsford, NY 590,599590.6k $5.9m $5.9m 0.19% Added +64.3k +64,300
10 Westchester Capital Management, LLC 0.34% of their portfolio VALHALLA, NY 575,111575.1k $5.8m $5.8m 0.34% Added +450.0k +450,000
11 Schechter Investment Advisors, LLC 0.44% of their portfolio BIRMINGHAM, MI 526,884526.9k $5.3m $5.3m 0.44% New
12 GLAZER CAPITAL, LLC 0.23% of their portfolio New York, NY 496,812496.8k $5.0m $5.0m 0.23% New
13 MMCAP International Inc. SPC 0.77% of their portfolio GRAND CAYMAN, E9 450,000450.0k $4.5m $4.5m 0.77% New
14 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 436,986437.0k $4.4m $4.4m 0.00% New
15 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 375,000375.0k $3.8m $3.8m 0.01% Unchanged
16 Periscope Capital Inc. 2.10% of their portfolio Toronto, A6 374,800374.8k $3.8m $3.8m 2.10% New
17 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 370,400370.4k $3.7m $3.7m 0.02% New
18 Shaolin Capital Management LLC 0.10% of their portfolio Miami, FL 250,000250.0k $2.5m $2.5m 0.10% New
19 TENOR CAPITAL MANAGEMENT Co., L.P. 0.04% of their portfolio NEW YORK, NY 249,418249.4k $2.5m $2.5m 0.04% Unchanged
20 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 156,155156.2k $1.6m $1.6m 0.00% Reduced -458.8k -458,845
21 WOLVERINE ASSET MANAGEMENT LLC 0.02% of their portfolio CHICAGO, IL 114,689114.7k $1.2m $1.2m 0.02% Added +14.7k +14,689
22 BERKLEY W R CORP 0.07% of their portfolio Greenwich, CT 100,000100.0k $1.0m $1.0m 0.07% Unchanged
23 MIZUHO SECURITIES USA LLC 0.02% of their portfolio NEW YORK, NY 83,88383.9k $837.2k $837.2k 0.02% New
24 First Trust Capital Management L.P. 0.05% of their portfolio CHICAGO, IL 67,60067.6k $680.1k $680.1k 0.05% New
25 Wealthspring Capital LLC 0.98% of their portfolio WEST HARRISON, NY 63,23063.2k $636.1k $636.1k 0.98% New
26 Meteora Capital, LLC 0.18% of their portfolio Boca Raton, FL 50,00050.0k $503.0k $503.0k 0.18% New
27 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 35,00435.0k $352.1k $352.1k 0.00% New
28 Virtu Financial LLC 0.01% of their portfolio New York, NY 21,03421.0k $212.0k $212.0k 0.01% New
29 ROBINSON CAPITAL MANAGEMENT, LLC 0.06% of their portfolio GROSSE POINTE FARMS, MI 15,25015.2k $153.6k $153.6k 0.06% New
30 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 10,09510.1k $101.7k $101.7k 0.00% New
31 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 1,4151.4k $14.2k $14.2k 0.00% Reduced -129.0k -129,042
32 UBS Group AG 0.00% of their portfolio ZURICH, V8 2121 $211 $211 0.00% New
33 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 77 $70 $70 0.00% New
34 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged