Vault-13

RITHM ACQUISITION CORP RAC.WS

*W EXP 99/99/999 · Equity WRT · CUSIP G75751118

31 institutional holders -2 vs Q4 2025
6,949,8076.9m shares reported held*
$4.4mreported value*
0 new 4 added 7 reduced 1 sold out net bought ≈ $81.2k (+113.6k 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 ≈ $0.63. Options: 2 managers hold calls ($153.8k notional), 0 hold puts (—).

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

02040Q2 25: 31Q3 25: 34Q4 25: 33Q1 26: 3131Q2 25Q3 25Q4 25Q1 26
Numbers
QuarterHolders
Q2 202531
Q3 202534
Q4 202533
Q1 202631

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q3 25: 7 bought or addedQ3 25: 7 cut or sold outQ3 25Q4 25: 7 bought or addedQ4 25: 6 cut or sold outQ4 25Q1 26: 4 bought or addedQ1 26: 8 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q3 202577
Q4 202576
Q1 202648

Calls vs puts

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

CallsPuts
$0$50k$100k$150k$200kQ2 25 calls: $73.4kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $142.9kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $163.6kQ4 25 puts: $0Q4 25P/C 0.00Q1 26 calls: $153.8kQ1 26 puts: $0Q1 26P/C 0.00
Numbers
QuarterCallsPutsP/C
Q2 2025$73.4k$00.00
Q3 2025$142.9k$00.00
Q4 2025$163.6k$00.00
Q1 2026$153.8k$00.00

Biggest buyers

Conversant Capital LLC Added +535,000+535.0k
TORONTO DOMINION BANK Added +64,552+64.6k
Verition Fund Management LLC Added +4,048+4.0k
UBS Group AG Added +41+41

Biggest sellers

Lighthouse Investment Partners, LLC Sold out -250,000-250.0k
CSS LLC/IL Reduced -101,200-101.2k
Shaolin Capital Management LLC Reduced -100,406-100.4k
AQR Arbitrage LLC Reduced -13,932-13.9k
Meteora Capital, LLC Reduced -11,000-11.0k
Clear Street Group Inc. Reduced -10,000-10.0k
Schonfeld Strategic Advisors LLC Reduced -2,280-2.3k
Hudson Bay Capital Management LP Reduced -1,183-1.2k

Biggest calls

MILLENNIUM MANAGEMENT LLC Unchanged $138.5k216.5k shares
CITIGROUP INC Unchanged $15.3k25.4k 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

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Conversant Capital LLC 0.07% of their portfolio SUMMIT, NJ 868,333868.3k $539.8k $539.8k 0.07% Added +535.0k +535,000
2 Magnetar Financial LLC 0.00% of their portfolio EVANSTON, IL 660,000660.0k $410.3k $410.3k 0.00% Unchanged
3 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 660,000660.0k $422.4k $422.4k 0.00% Unchanged
4 AQR Arbitrage LLC 0.01% of their portfolio Greenwich, CT 482,046482.0k $308.5k $308.5k 0.01% Reduced -13.9k -13,932
5 Linden Advisors LP 0.00% of their portfolio New York, NY 366,666366.7k $227.9k $227.9k 0.00% Unchanged
6 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 346,100346.1k $221.5k $221.5k 0.00% Added +64.6k +64,552
7 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 330,000330.0k $211.2k $211.2k 0.00% Unchanged
8 Alberta Investment Management Corp 0.00% of their portfolio EDMONTON, A0 326,666326.7k $209.1k $209.1k 0.00% Unchanged
9 Meteora Capital, LLC 0.01% of their portfolio Boca Raton, FL 292,210292.2k $187.0k $187.0k 0.01% Reduced -11.0k -11,000
10 LMR Partners LLP 0.00% of their portfolio LONDON, X0 266,666266.7k $170.7k $170.7k 0.00% Unchanged
11 Boussard & Gavaudan Investment Management LLP 0.02% of their portfolio London, X0 266,666266.7k $170.7k $170.7k 0.02% Unchanged
12 Shaolin Capital Management LLC 0.01% of their portfolio Miami, FL 249,594249.6k $159.7k $159.7k 0.01% Reduced -100.4k -100,406
13 MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio NEW YORK, NY 166,666166.7k $106.7k $106.7k 0.00% Unchanged
14 Periscope Capital Inc. 0.02% of their portfolio Toronto, A6 145,800145.8k $87.7k $87.7k 0.02% Unchanged
15 Verition Fund Management LLC 0.00% of their portfolio GREENWICH, CT 145,714145.7k $93.3k $93.3k 0.00% Added +4.0k +4,048
16 CSS LLC/IL 0.01% of their portfolio CHICAGO, IL 144,966145.0k $92.8k $92.8k 0.01% Reduced -101.2k -101,200
17 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 137,354137.4k $82.6k $82.6k 0.00% Unchanged
18 WHITEBOX ADVISORS LLC 0.00% of their portfolio MINNEAPOLIS, MN 133,333133.3k $85.3k $85.3k 0.00% Unchanged
19 Hudson Bay Capital Management LP 0.00% of their portfolio STAMFORD, CT 123,817123.8k $79.2k $79.2k 0.00% Reduced -1.2k -1,183
20 K2 PRINCIPAL FUND, L.P. 0.01% of their portfolio TORONTO, A6 116,000116.0k $65.0k $65.0k 0.01% Unchanged
21 READYSTATE ASSET MANAGEMENT LP 0.00% of their portfolio CHICAGO, IL 109,066109.1k $69.8k $69.8k 0.00% Unchanged
22 TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio NEW YORK, NY 100,000100.0k $64.0k $64.0k 0.00% Unchanged
23 PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio Toronto, A6 99,999100.0k $64.0k $64.0k 0.00% Unchanged
24 DLD Asset Management, LP 0.01% of their portfolio NEW YORK, NY 88,43388.4k $56.6k $56.6k 0.01% Unchanged
25 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 79,80779.8k $51.1k $51.1k 0.00% Reduced -10.0k -10,000
26 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 77,72077.7k $46.8k $46.8k 0.00% Reduced -2.3k -2,280
27 GRITSTONE ASSET MANAGEMENT LLC 0.05% of their portfolio Bethesda, MD 65,86665.9k $42.2k $42.2k 0.05% Unchanged
28 ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio GREENWICH, CT 50,00050.0k $30.1k $30.1k 0.00% Unchanged
29 Saba Capital Management, L.P. 0.00% of their portfolio NEW YORK, NY 25,00025.0k $15.0k $15.0k 0.00% Unchanged
30 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio WEST PALM BEACH, FL 24,97825.0k $16.0k $16.0k 0.00% Unchanged
31 UBS Group AG 0.00% of their portfolio ZURICH, V8 341341 $192 $192 0.00% Added +41 +41