PYROPHYTE ACQUISITION CORP. PAII.WS
*W EXP 07/30/203 · Equity WRT · CUSIP G7309T110
40
institutional holders
+2 vs Q4 2025
10.4m
shares reported held*
$3.8mreported value*
1 new
7 added
8 reduced
0 sold out
net bought ≈ $467.9k (+1.4m 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 ≈ $0.36. Options: 1 managers hold calls ($221.1k notional), 0 hold puts (—).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2025 | 30 |
| Q4 2025 | 38 |
| Q1 2026 | 40 |
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 2025 | 14 | 7 |
| Q1 2026 | 8 | 8 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $0 | $0 | — |
| Q3 2025 | $151.4k | $0 | 0.00 |
| Q4 2025 | $208.0k | $0 | 0.00 |
| Q1 2026 | $221.1k | $0 | 0.00 |
Biggest buyers
| Harraden Circle Investments, LLC | Added | +1.7m |
| Parallax Volatility Advisers, L.P. | Added | +85.1k |
| TORONTO DOMINION BANK | Added | +52.8k |
| Walleye Capital LLC | New | +50.0k |
| Periscope Capital Inc. | Added | +25.0k |
| StoneX Group Inc. | Added | +10.5k |
| AQR Arbitrage LLC | Added | +1.1k |
| BOOTHBAY FUND MANAGEMENT, LLC | Added | +70 |
Biggest sellers
| Meteora Capital, LLC | Reduced | -291.6k |
| Sculptor Capital LP | Reduced | -77.4k |
| Verition Fund Management LLC | Reduced | -55.7k |
| Shaolin Capital Management LLC | Reduced | -54.9k |
| Schonfeld Strategic Advisors LLC | Reduced | -16.6k |
| GLAZER CAPITAL, LLC | Reduced | -12.5k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | Reduced | -10.9k |
| Clear Street Group Inc. | Reduced | -900 |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Added | $221.1k670.0k 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 2026
| Manager | Shares | Change |
|---|---|---|
| Harraden Circle Investments, LLC 0.22% of their portfolio | 2.8m $1.1m | Added +1.7m |
| Meteora Capital, LLC 0.01% of their portfolio | 504.7k $166.5k | Reduced -291.6k |
| Linden Advisors LP 0.00% of their portfolio | 475.6k $152.2k | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 450.0k $148.5k | Unchanged |
| ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio | 425.0k $136.0k | Unchanged |
| HGC Investment Management Inc. 0.03% of their portfolio | 425.0k $140.2k | Unchanged |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 375.0k $123.8k | Unchanged |
| Alberta Investment Management Corp 0.00% of their portfolio | 375.0k $123.8k | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 350.0k $115.5k | Unchanged |
| Shaolin Capital Management LLC 0.00% of their portfolio | 350.0k $115.5k | Reduced -54.9k |
| AQR Arbitrage LLC 0.00% of their portfolio | 284.6k $93.9k | Added +1.1k |
| Verition Fund Management LLC 0.00% of their portfolio | 275.0k $90.8k | Reduced -55.7k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 250.0k $82.5k | Unchanged |
| MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio | 250.0k $82.5k | Unchanged |
| PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio | 250.0k $82.5k | Unchanged |
| Governors Lane LP 0.01% of their portfolio | 200.0k $66.0k | Unchanged |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 200.0k $66.0k | Reduced -16.6k |
| Parallax Volatility Advisers, L.P. 0.00% of their portfolio | 193.1k $62.8k | Added +85.1k |
| Magnetar Financial LLC 0.00% of their portfolio | 187.9k $62.0k | Unchanged |
| TORONTO DOMINION BANK 0.00% of their portfolio | 186.0k $61.4k | Added +52.8k |
| OMERS ADMINISTRATION Corp 0.00% of their portfolio | 175.0k $57.8k | Unchanged |
| Clear Street Group Inc. 0.00% of their portfolio | 172.5k $56.9k | Reduced -900 |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 150.0k $49.5k | Unchanged |
| HBK INVESTMENTS L P 0.00% of their portfolio | 125.0k $41.2k | Unchanged |
| Boussard & Gavaudan Investment Management LLP 0.00% of their portfolio | 125.0k $43.8k | Unchanged |
| Sculptor Capital LP 0.00% of their portfolio | 122.6k $1.2k | Reduced -77.4k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 109.5k $36.1k | Reduced -10.9k |
| Wealthspring Capital LLC 0.01% of their portfolio | 106.4k $35.1k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 91.5k $30.2k | Unchanged |
| GLAZER CAPITAL, LLC 0.00% of their portfolio | 87.5k $29.0k | Reduced -12.5k |
| Periscope Capital Inc. 0.00% of their portfolio | 84.6k $27.9k | Added +25.0k |
| Radcliffe Capital Management, L.P. 0.00% of their portfolio | 78.0k $25.0k | Unchanged |
| Hudson Bay Capital Management LP 0.00% of their portfolio | 56.6k $18.7k | Unchanged |
| Walleye Capital LLC 0.00% of their portfolio | 50.0k $16.5k | New |
| READYSTATE ASSET MANAGEMENT LP 0.00% of their portfolio | 28.4k $9.4k | Unchanged |
| Endure Capital Management, LLC 0.01% of their portfolio | 26.9k $8.9k | First filing |
| GRITSTONE ASSET MANAGEMENT LLC 0.01% of their portfolio | 24.8k $8.2k | Unchanged |
| StoneX Group Inc. 0.00% of their portfolio | 21.6k $7.1k | Added +10.5k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio | 20.1k $203.7k | Added +70 |
| Yaupon Capital Management LP 0.00% of their portfolio | 10.4k $3.4k | Unchanged |