Vault-13

RCF ACQUISITION CORP RCFA

CL A COM · Common Stock · CUSIP G7330C102

31 institutional holders -27 vs Q1 2023
12,481,24712.5m shares reported held*
$135.3mreported value*
1 new 6 added 15 reduced 28 sold out net sold ≈ $98.7m (-9.2m 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 ≈ $10.84. Options: 1 managers hold calls ($107.0k notional), 1 hold puts ($4.6m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 61Q4 22: 61Q1 23: 58Q2 23: 3131Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202261
Q4 202261
Q1 202358
Q2 202331

Buyers vs sellers

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

Bought or addedCut or sold out
50050Q4 22: 16 bought or addedQ4 22: 17 cut or sold outQ4 22Q1 23: 19 bought or addedQ1 23: 19 cut or sold outQ1 23Q2 23: 7 bought or addedQ2 23: 43 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221617
Q1 20231919
Q2 2023743

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 22 calls: $101.0kQ3 22 puts: $0Q3 22P/C 0.00Q4 22 calls: $102.6kQ4 22 puts: $0Q4 22P/C 0.00Q1 23 calls: $104.3kQ1 23 puts: $0Q1 23P/C 0.00Q2 23 calls: $107.0kQ2 23 puts: $4.6mQ2 23P/C 43.36
Numbers
QuarterCallsPutsP/C
Q3 2022$101.0k$00.00
Q4 2022$102.6k$00.00
Q1 2023$104.3k$00.00
Q2 2023$107.0k$4.6m43.36

Biggest buyers

MIZUHO SECURITIES USA LLC New +749,549+749.5k
Centiva Capital, LP Added +360,174+360.2k
Spartan Fund Management Inc. Added +150,764+150.8k
Verition Fund Management LLC Added +143,911+143.9k
GLAZER CAPITAL, LLC Added +14,085+14.1k
Westchester Capital Management, LLC Added +11,241+11.2k
Walleye Capital LLC Added +5,382+5.4k

Biggest sellers

Calamos Advisors LLC Sold out -1,373,044-1.4m
ARISTEIA CAPITAL, L.L.C. Reduced -692,700-692.7k
Saba Capital Management, L.P. Reduced -650,061-650.1k
CANTOR FITZGERALD, L. P. Sold out -628,672-628.7k
Periscope Capital Inc. Reduced -619,152-619.2k
HSBC HOLDINGS PLC Sold out -578,714-578.7k
MILLENNIUM MANAGEMENT LLC Sold out -520,000-520.0k
Governors Lane LP Sold out -500,000-500.0k
Apollo Management Holdings, L.P. Sold out -500,000-500.0k
D. E. Shaw & Co., Inc. Sold out -485,346-485.3k

Biggest calls

Paloma Partners Management Co Unchanged $107.0k10.0k shares

Biggest puts

Shaolin Capital Management LLC New $4.6m433.5k 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio Boston, MA 1,800,0001.8m $19.3m $19.3m 0.04% Unchanged
2 Westchester Capital Management, LLC 0.43% of their portfolio VALHALLA, NY 1,158,9411.2m $12.4m $12.4m 0.43% Added +11.2k +11,241
3 Saba Capital Management, L.P. 0.34% of their portfolio NEW YORK, NY 973,753973.8k $10.4m $10.4m 0.34% Reduced -650.1k -650,061
4 GLAZER CAPITAL, LLC 0.68% of their portfolio New York, NY 964,976965.0k $10.3m $10.3m 0.68% Added +14.1k +14,085
5 MIZUHO SECURITIES USA LLC 0.26% of their portfolio NEW YORK, NY 749,549749.5k $7.9m $7.9m 0.26% New
6 Meteora Capital, LLC 1.08% of their portfolio Boca Raton, FL 548,752548.8k $5.9m $5.9m 1.08% Reduced -327.3k -327,312
7 First Trust Capital Management L.P. 0.33% of their portfolio CHICAGO, IL 510,680510.7k $5.5m $5.5m 0.33% Unchanged
8 PICTON MAHONEY ASSET MANAGEMENT 0.27% of their portfolio Toronto, A6 507,020507.0k $5.4m $5.4m 0.27% Unchanged
9 BERKLEY W R CORP 0.31% of their portfolio Greenwich, CT 483,156483.2k $5.2m $5.2m 0.31% Reduced -263.0k -263,007
10 Periscope Capital Inc. 0.38% of their portfolio Toronto, A6 450,000450.0k $4.8m $4.8m 0.38% Reduced -619.2k -619,152
11 Verition Fund Management LLC 0.07% of their portfolio GREENWICH, CT 426,483426.5k $4.6m $4.6m 0.07% Added +143.9k +143,911
12 Radcliffe Capital Management, L.P. 0.39% of their portfolio BALA CYNWYD, PA 423,000423.0k $4.5m $4.5m 0.39% Reduced -71.2k -71,233
13 ARISTEIA CAPITAL, L.L.C. 0.15% of their portfolio GREENWICH, CT 400,000400.0k $4.3m $4.3m 0.15% Reduced -692.7k -692,700
14 Hudson Bay Capital Management LP 0.04% of their portfolio STAMFORD, CT 400,000400.0k $4.3m $4.3m 0.04% Reduced -400.0k -400,000
15 Centiva Capital, LP 0.21% of their portfolio New York, NY 385,496385.5k $4.1m $4.1m 0.21% Added +360.2k +360,174
16 Spartan Fund Management Inc. 1.40% of their portfolio TORONTO, ONTARIO, Z4 369,473369.5k $5.8m $5.8m 1.40% Added +150.8k +150,764
17 FIR TREE CAPITAL MANAGEMENT LP 0.35% of their portfolio New York, NY 328,823328.8k $3.5m $3.5m 0.35% Reduced -98.8k -98,771
18 KIM, LLC 0.27% of their portfolio WICHITA, KS 300,000300.0k $3.2m $3.2m 0.27% Reduced -118.8k -118,750
19 Kepos Capital LP 0.49% of their portfolio NEW YORK, NY 250,000250.0k $2.7m $2.7m 0.49% First filing
20 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.05% of their portfolio CHICAGO, IL 231,102231.1k $2.5m $2.5m 0.05% Reduced -5.2k -5,209
21 Linden Advisors LP 0.02% of their portfolio New York, NY 150,000150.0k $1.6m $1.6m 0.02% Unchanged
22 MOORE CAPITAL MANAGEMENT, LP 0.04% of their portfolio NEW YORK, NY 150,000150.0k $1.6m $1.6m 0.04% Unchanged
23 NOMURA HOLDINGS INC 0.01% of their portfolio TOKYO, M0 136,692136.7k $1.5m $1.5m 0.01% Unchanged
24 BOOTHBAY FUND MANAGEMENT, LLC 0.04% of their portfolio NEW YORK, NY 110,869110.9k $1.2m $1.2m 0.04% Reduced -372.7k -372,675
25 TENOR CAPITAL MANAGEMENT Co., L.P. 0.02% of their portfolio NEW YORK, NY 100,000100.0k $1.1m $1.1m 0.02% Reduced -100.0k -100,000
26 P SCHOENFELD ASSET MANAGEMENT LP 0.13% of their portfolio NEW YORK, NY 86,51886.5k $925.7k $925.7k 0.13% Reduced -12.6k -12,616
27 Walleye Capital LLC 0.01% of their portfolio NEW YORK, NY 48,20048.2k $515.7k $515.7k 0.01% Added +5.4k +5,382
28 Walleye Trading LLC 0.02% of their portfolio NEW YORK, NY 27,00027.0k $288.9k $288.9k 0.02% Unchanged
29 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 10,00010.0k $107.0k $107.0k 0.00% Reduced -40.0k -40,000
30 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 764764 $8.2k $8.2k 0.00% Reduced -281 -281
31 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged