Vault-13

REPUBLIC DIGITAL ACQUISITION RDAGW

*W EXP 05/01/203 · Equity WRT · CUSIP G7515A129

48 institutional holders +1 vs Q1 2026
13,578,88513.6m shares reported held*
$5.6mreported value*
2 new 4 added 9 reduced 1 sold out net sold ≈ $24.5k (-65.4k 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 ≈ $0.41. Options: 1 managers hold calls ($44.0k notional), 0 hold puts (—).

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q2 25: 35Q3 25: 44Q4 25: 44Q1 26: 47Q2 26: 4848Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q2 202535
Q3 202544
Q4 202544
Q1 202647
Q2 202648

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 25: 18 bought or addedQ3 25: 8 cut or sold outQ3 25Q4 25: 9 bought or addedQ4 25: 10 cut or sold outQ4 25Q1 26: 8 bought or addedQ1 26: 8 cut or sold outQ1 26Q2 26: 6 bought or addedQ2 26: 10 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2025188
Q4 2025910
Q1 202688
Q2 2026610

Calls vs puts

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

CallsPuts
$0$50k$100k$150kQ3 25 calls: $112.1kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $63.8kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $48.4kQ1 26 puts: $0Q1 26P/C 0.00Q2 26 calls: $44.0kQ2 26 puts: $0Q2 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2025$112.1k$00.00
Q4 2025$63.8k$00.00
Q1 2026$48.4k$00.00
Q2 2026$44.0k$00.00

Biggest buyers

Shaolin Capital Management LLC Added +47,461+47.5k
AQR Arbitrage LLC Added +2,996+3.0k
PenderFund Capital Management Ltd. New +2,500+2.5k
Arax Advisory Partners New +1,250+1.2k
Meteora Capital, LLC Added +1,000+1.0k
BOOTHBAY FUND MANAGEMENT, LLC Added +690+690

Biggest sellers

BERKLEY W R CORP Sold out -38,313-38.3k
Verition Fund Management LLC Reduced -37,500-37.5k
Saba Capital Management, L.P. Reduced -33,769-33.8k
HEIGHTS CAPITAL MANAGEMENT, INC Reduced -3,641-3.6k
Schonfeld Strategic Advisors LLC Reduced -2,249-2.2k
TORONTO DOMINION BANK Reduced -2,066-2.1k
Clear Street Group Inc. Reduced -2,000-2.0k
WOLVERINE ASSET MANAGEMENT LLC Reduced -1,120-1.1k
Bulldog Investors, LLP Reduced -523-523
CSS LLC/IL Reduced -100-100

Biggest calls

MILLENNIUM MANAGEMENT LLC Unchanged $44.0k110.0k 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.

Insider purchases and sales since 1 Apr 2026

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.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Harraden Circle Investments, LLC 0.13% of their portfolio NEW YORK, NY 2,725,9642.7m $1.0m $1.0m 0.13% Unchanged
2 Saba Capital Management, L.P. 0.01% of their portfolio NEW YORK, NY 916,230916.2k $343.7k $343.7k 0.01% Reduced -33.8k -33,769
3 Meteora Capital, LLC 0.03% of their portfolio Boca Raton, FL 860,745860.7k $310.0k $310.0k 0.03% Added +1.0k +1,000
4 MMCAP International Inc. SPC 0.03% of their portfolio GRAND CAYMAN, E9 782,500782.5k $313.0k $313.0k 0.03% Unchanged
5 Linden Advisors LP 0.00% of their portfolio New York, NY 662,511662.5k $248.5k $248.5k 0.00% Unchanged
6 LMR Partners LLP 0.00% of their portfolio LONDON, X0 600,000600.0k $240.0k $240.0k 0.00% Unchanged
7 CSS LLC/IL 0.01% of their portfolio CHICAGO, IL 521,041521.0k $203.2k $203.2k 0.01% Reduced -100 -100
8 TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio NEW YORK, NY 500,000500.0k $200.0k $200.0k 0.00% Unchanged
9 Magnetar Financial LLC 0.00% of their portfolio EVANSTON, IL 500,000500.0k $187.6k $187.6k 0.00% Unchanged
10 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 500,000500.0k $195.0k $195.0k 0.00% Unchanged
11 Wealthspring Capital LLC 0.03% of their portfolio WEST HARRISON, NY 421,800421.8k $151.9k $151.9k 0.03% Unchanged
12 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 364,268364.3k $145.7k $145.7k 0.00% Added +3.0k +2,996
13 PEAK6 LLC 0.00% of their portfolio AUSTIN, TX 306,066306.1k $110.2k $110.2k 0.00% Unchanged
14 ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio GREENWICH, CT 300,000300.0k $112.5k $112.5k 0.00% Unchanged
15 Governors Lane LP 0.01% of their portfolio NEW YORK, NY 300,000300.0k $112.5k $112.5k 0.01% Unchanged
16 Context Capital Management, LLC 0.00% of their portfolio LAJOLLA, CA 250,000250.0k $92.5k $92.5k 0.00% Unchanged
17 Polar Asset Management Partners Inc. 0.00% of their portfolio TORONTO, A6 250,000250.0k $93.8k $93.8k 0.00% Unchanged
18 PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio Toronto, A6 250,000250.0k $100.0k $100.0k 0.00% Unchanged
19 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 223,900223.9k $89.6k $89.6k 0.00% Reduced -2.1k -2,066
20 HGC Investment Management Inc. 0.02% of their portfolio TORONTO, A6 221,967222.0k $88.8k $88.8k 0.02% Unchanged
21 Shaolin Capital Management LLC 0.00% of their portfolio Miami, FL 199,110199.1k $79.6k $79.6k 0.00% Added +47.5k +47,461
22 Alberta Investment Management Corp 0.00% of their portfolio EDMONTON, A0 175,000175.0k $70.0k $70.0k 0.00% Unchanged
23 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 150,000150.0k $60.0k $60.0k 0.00% Unchanged
24 GLAZER CAPITAL, LLC 0.00% of their portfolio New York, NY 150,000150.0k $56.0k $56.0k 0.00% Unchanged
25 WHITEBOX ADVISORS LLC 0.00% of their portfolio MINNEAPOLIS, MN 150,000150.0k $60.0k $60.0k 0.00% Unchanged
26 Periscope Capital Inc. 0.01% of their portfolio Toronto, A6 149,900149.9k $56.2k $56.2k 0.01% Unchanged
27 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 131,401131.4k $52.6k $52.6k 0.00% Reduced -37.5k -37,500
28 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 130,685130.7k $49.0k $49.0k 0.00% Unchanged
29 K2 PRINCIPAL FUND, L.P. 0.00% of their portfolio TORONTO, A6 121,067121.1k $43.6k $43.6k 0.00% Unchanged
30 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio WEST PALM BEACH, FL 99,968100.0k $31.0k $31.0k 0.00% Unchanged
31 HEIGHTS CAPITAL MANAGEMENT, INC 0.01% of their portfolio SAN FRANCISCO, CA 85,35985.4k $34.1k $34.1k 0.01% Reduced -3.6k -3,641
32 DLD Asset Management, LP 0.00% of their portfolio NEW YORK, NY 62,50062.5k $25.0k $25.0k 0.00% Unchanged
33 RLH Capital LLC 0.01% of their portfolio Great Neck, NY 54,99655.0k $20.6k $20.6k 0.01% Unchanged
34 Hudson Bay Capital Management LP 0.00% of their portfolio STAMFORD, CT 50,00050.0k $20.0k $20.0k 0.00% Unchanged
35 MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio NEW YORK, NY 50,00050.0k $20.0k $20.0k 0.00% Unchanged
36 GRITSTONE ASSET MANAGEMENT LLC 0.02% of their portfolio Bethesda, MD 49,42549.4k $19.8k $19.8k 0.02% Unchanged
37 Lineage Point Capital LP 0.00% of their portfolio PALM BEACH, FL 45,00045.0k $16.9k $16.9k 0.00% Unchanged
38 WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio CHICAGO, IL 44,65644.7k $17.9k $17.9k 0.00% Reduced -1.1k -1,120
39 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 40,77740.8k $420.8k $420.8k 0.01% Added +690 +690
40 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 37,75137.8k $14.2k $14.2k 0.00% Reduced -2.2k -2,249
41 Westchester Capital Management, LLC 0.00% of their portfolio VALHALLA, NY 37,49937.5k $13.5k $13.5k 0.00% Unchanged
42 Parallax Volatility Advisers, L.P. 0.00% of their portfolio San Francisco, CA 30,00030.0k $11.3k $11.3k 0.00% Unchanged
43 Quarry LP 0.00% of their portfolio NEW YORK, NY 24,99625.0k $9.4k $9.4k 0.00% Unchanged
44 Bulldog Investors, LLP 0.00% of their portfolio SADDLE BROOK, NJ 23,15523.2k $8.3k $8.3k 0.00% Reduced -523 -523
45 Kepos Capital LP 0.01% of their portfolio NEW YORK, NY 22,50022.5k $8.0k $8.0k 0.01% Unchanged
46 PenderFund Capital Management Ltd. 0.00% of their portfolio VANCOUVER, A1 2,5002.5k $1.2k $1.2k 0.00% New
47 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 2,3982.4k $959 $959 0.00% Reduced -2.0k -2,000
48 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 1,2501.2k $450 $450 0.00% New