PYROPHYTE ACQUISITION CORP. PAII.WS
*W EXP 07/30/203 · Equity WRT · CUSIP G7309T110
42
institutional holders
+2 vs Q1 2026
9.4m
shares reported held*
$4.8mreported value*
2 new
6 added
8 reduced
0 sold out
net sold ≈ $547.6k (-1.1m 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 ≈ $0.51. Options: 1 managers hold calls ($335.0k notional), 0 hold puts (—).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2025 | 30 |
| Q4 2025 | 38 |
| Q1 2026 | 40 |
| Q2 2026 | 42 |
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 |
| Q2 2026 | 8 | 8 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $151.4k | $0 | 0.00 |
| Q4 2025 | $208.0k | $0 | 0.00 |
| Q1 2026 | $221.1k | $0 | 0.00 |
| Q2 2026 | $335.0k | $0 | 0.00 |
Biggest buyers
| K2 PRINCIPAL FUND, L.P. | New | +199.4k |
| Sculptor Capital LP | Added | +77.4k |
| StoneX Group Inc. | Added | +60.6k |
| TORONTO DOMINION BANK | Added | +20.7k |
| Hudson Bay Capital Management LP | Added | +14.6k |
| Polar Asset Management Partners Inc. | Added | +6.1k |
| AQR Arbitrage LLC | Added | +2.5k |
| UBS Group AG | New | +1.4k |
Biggest sellers
| Harraden Circle Investments, LLC | Reduced | -1.1m |
| Verition Fund Management LLC | Reduced | -100.0k |
| Meteora Capital, LLC | Reduced | -62.0k |
| GLAZER CAPITAL, LLC | Reduced | -47.5k |
| Shaolin Capital Management LLC | Reduced | -35.2k |
| Schonfeld Strategic Advisors LLC | Reduced | -25.0k |
| Parallax Volatility Advisers, L.P. | Reduced | -25.0k |
| Clear Street Group Inc. | Reduced | -16.3k |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Unchanged | $335.0k670.0k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| Harraden Circle Investments, LLC 0.09% of their portfolio | 1.6m $724.6k | Reduced -1.1m |
| Linden Advisors LP 0.00% of their portfolio | 475.6k $247.3k | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 450.0k $225.0k | Unchanged |
| Meteora Capital, LLC 0.02% of their portfolio | 442.7k $221.4k | Reduced -62.0k |
| ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio | 425.0k $221.0k | Unchanged |
| HGC Investment Management Inc. 0.04% of their portfolio | 425.0k $212.5k | Unchanged |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 381.1k $190.6k | Added +6.1k |
| Alberta Investment Management Corp 0.00% of their portfolio | 375.0k $187.5k | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 350.0k $175.0k | Unchanged |
| Shaolin Capital Management LLC 0.01% of their portfolio | 314.8k $157.4k | Reduced -35.2k |
| AQR Arbitrage LLC 0.00% of their portfolio | 287.1k $143.5k | Added +2.5k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 250.0k $125.0k | Unchanged |
| MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio | 250.0k $125.0k | Unchanged |
| PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio | 250.0k $125.0k | Unchanged |
| TORONTO DOMINION BANK 0.00% of their portfolio | 206.7k $103.3k | Added +20.7k |
| Governors Lane LP 0.01% of their portfolio | 200.0k $100.0k | Unchanged |
| Sculptor Capital LP 0.00% of their portfolio | 200.0k $100.0k | Added +77.4k |
| K2 PRINCIPAL FUND, L.P. 0.01% of their portfolio | 199.4k $99.7k | New |
| Magnetar Financial LLC 0.00% of their portfolio | 187.9k $94.0k | Unchanged |
| OMERS ADMINISTRATION Corp 0.00% of their portfolio | 175.0k $87.5k | Unchanged |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 175.0k $87.5k | Reduced -25.0k |
| Verition Fund Management LLC 0.00% of their portfolio | 175.0k $87.5k | Reduced -100.0k |
| Parallax Volatility Advisers, L.P. 0.00% of their portfolio | 168.1k $84.1k | Reduced -25.0k |
| Clear Street Group Inc. 0.00% of their portfolio | 156.2k $78.1k | Reduced -16.3k |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 150.0k $75.0k | Unchanged |
| HBK INVESTMENTS L P 0.00% of their portfolio | 125.0k $62.5k | Unchanged |
| BOUSSARD & GAVAUDAN GESTION SAS 0.00% of their portfolio | 125.0k $62.5k | First filing |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 109.5k $54.8k | Unchanged |
| Wealthspring Capital LLC 0.01% of their portfolio | 106.4k $53.2k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 91.5k $45.8k | Unchanged |
| Periscope Capital Inc. 0.01% of their portfolio | 84.6k $42.3k | Unchanged |
| StoneX Group Inc. 0.00% of their portfolio | 82.2k $29.0k | Added +60.6k |
| Radcliffe Capital Management, L.P. 0.00% of their portfolio | 78.0k $40.5k | Unchanged |
| Hudson Bay Capital Management LP 0.00% of their portfolio | 71.2k $35.6k | Added +14.6k |
| Walleye Capital LLC 0.00% of their portfolio | 50.0k $25.0k | Unchanged |
| GLAZER CAPITAL, LLC 0.00% of their portfolio | 40.0k $20.0k | Reduced -47.5k |
| READYSTATE ASSET MANAGEMENT LP 0.00% of their portfolio | 28.4k $14.2k | Unchanged |
| Endure Capital Management, LLC 0.01% of their portfolio | 26.9k $13.4k | Unchanged |
| GRITSTONE ASSET MANAGEMENT LLC 0.01% of their portfolio | 24.8k $12.4k | Unchanged |
| BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio | 20.1k $204.7k | Unchanged |
| Yaupon Capital Management LP 0.00% of their portfolio | 10.4k $5.2k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 1.4k $691 | New |