PERCEPTION CAPITAL CORP II
*W EXP 10/25/202 · CUSIP G7007D110
37
institutional holders
-5 vs Q1 2023
6.8m
shares reported held*
$847.6kreported value*
0 new
1 added
3 reduced
5 sold out
net sold ≈ $27.2k (-979.5k 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. Holder counts are more reliable. Implied quarter-end price ≈ $0.12. Options: 1 managers hold calls ($39.1k notional), 1 hold puts ($51.0k).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 44 |
| Q4 2022 | 44 |
| Q1 2023 | 42 |
| Q2 2023 | 37 |
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 | 6 | 6 |
| Q1 2023 | 6 | 9 |
| Q2 2023 | 1 | 8 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $2.8m | $0 | 0.00 |
| Q4 2022 | $672.4k | $0 | 0.00 |
| Q1 2023 | $41.0k | $0 | 0.00 |
| Q2 2023 | $39.1k | $51.0k | 1.31 |
Biggest buyers
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Added | +709.4k |
Biggest sellers
| Shaolin Capital Management LLC | Sold out | -485.5k |
| Hudson Bay Capital Management LP | Sold out | -198.5k |
| PICTON MAHONEY ASSET MANAGEMENT | Sold out | -136.1k |
| Magnetar Financial LLC | Reduced | -75.8k |
| DIFESA CAPITAL MANAGEMENT, LP | Sold out | -50.0k |
| StoneX Group Inc. | Sold out | -25.0k |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) | Reduced | -7.5k |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | -1.1k |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Unchanged | $39.1k370.0k shares |
Biggest puts
| Shaolin Capital Management LLC | New | $51.0k485.5k shares |
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 2023
| Manager | Shares | Change |
|---|---|---|
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 1.5m $154.4k | Added +709.4k |
| Saba Capital Management, L.P. 0.00% of their portfolio | 957.4k $94.4k | Unchanged |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio | 900.0k $95.0k | Unchanged |
| EHP Funds Inc. 0.02% of their portfolio | 726.0k $71.6k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 340.9k $36.0k | Reduced -1.1k |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 335.0k $35.4k | Unchanged |
| Castle Creek Arbitrage, LLC 0.00% of their portfolio | 328.3k $32.4k | Unchanged |
| Periscope Capital Inc. 0.00% of their portfolio | 324.0k $32.2k | Unchanged |
| ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio | 250.0k $24.7k | Unchanged |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.00% of their portfolio | 231.1k $22.8k | Reduced -7.5k |
| Magnetar Financial LLC 0.00% of their portfolio | 222.3k $21.5k | Reduced -75.8k |
| NEXPOINT ASSET MANAGEMENT, L.P. 0.00% of their portfolio | 198.1k $20.9k | Unchanged |
| Calamos Advisors LLC 0.00% of their portfolio | 192.2k $18.6k | Unchanged |
| LMR Partners LLP 0.00% of their portfolio | 175.0k $18.5k | Unchanged |
| Taconic Capital Advisors LP 0.00% of their portfolio | 173.5k $17.4k | Unchanged |
| AQR Arbitrage LLC 0.00% of their portfolio | 172.8k $18.2k | Unchanged |
| Walleye Capital LLC 0.00% of their portfolio | 159.9k $16.9k | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 150.0k $15.8k | Unchanged |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 130.4k $13.8k | Unchanged |
| Radcliffe Capital Management, L.P. 0.00% of their portfolio | 123.8k $12.2k | Unchanged |
| Context Capital Management, LLC 0.00% of their portfolio | 118.2k $12.0k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 100.0k $10.0k | Unchanged |
| Arena Investors LP 0.01% of their portfolio | 99.7k $9.6k | Unchanged |
| SONA ASSET MANAGEMENT (US) LLC 0.00% of their portfolio | 75.0k $7.9k | Unchanged |
| Flow State Investments, L.P. 0.00% of their portfolio | 52.5k $5.5k | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 50.0k $4.3k | Unchanged |
| MMCAP International Inc. SPC 0.00% of their portfolio | 50.0k $5.3k | Unchanged |
| COWEN AND COMPANY, LLC 0.00% of their portfolio | 37.5k $4.0k | Unchanged |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 37.5k $4.0k | Unchanged |
| Walleye Trading LLC 0.00% of their portfolio | 31.5k $3.3k | Unchanged |
| Segantii Capital Management Ltd 0.00% of their portfolio | 25.0k $2.8k | Unchanged |
| FIFTH LANE CAPITAL, LP 0.00% of their portfolio | 25.0k $2.4k | Unchanged |
| Vestcor Inc 0.00% of their portfolio | 12.5k $1.0k | Unchanged |
| KIM, LLC 0.00% of their portfolio | 12.5k $1.2k | Unchanged |
| CLEAR STREET LLC 0.00% of their portfolio | 12.1k $1.3k | Unchanged |
| Ancora Advisors LLC 0.00% of their portfolio | 2.5k $246 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |