Vault-13

SILVERSPAC INC

CLASS A ORD · CUSIP G8136V104

46 institutional holders -2 vs Q1 2023
24,458,86024.5m shares reported held*
$254.0mreported value*
2 new 11 added 10 reduced 3 sold out net bought ≈ $10.5m (+1.0m 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 ($955.4k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.39.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 43Q4 22: 45Q1 23: 48Q2 23: 4646Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202243
Q4 202245
Q1 202348
Q2 202346

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 14 bought or addedQ4 22: 14 cut or sold outQ4 22Q1 23: 13 bought or addedQ1 23: 12 cut or sold outQ1 23Q2 23: 13 bought or addedQ2 23: 13 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221414
Q1 20231312
Q2 20231313

Biggest buyers

First Trust Capital Management L.P. Added +1,213,538+1.2m
BANK OF MONTREAL /CAN/ Added +273,967+274.0k
Castle Creek Arbitrage, LLC Added +200,541+200.5k
BERKLEY W R CORP New +198,860+198.9k
Wealthspring Capital LLC Added +50,000+50.0k
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Added +42,101+42.1k
Schechter Investment Advisors, LLC Added +14,000+14.0k
CAPTRUST FINANCIAL ADVISORS New +13,475+13.5k
Bulldog Investors, LLP Added +12,954+13.0k
ARISTEIA CAPITAL, L.L.C. Added +7,039+7.0k

Biggest sellers

HGC Investment Management Inc. Reduced -250,000-250.0k
Sculptor Capital LP Sold out -249,900-249.9k
Saba Capital Management, L.P. Reduced -234,594-234.6k
KIM, LLC Sold out -150,000-150.0k
Radcliffe Capital Management, L.P. Reduced -39,117-39.1k
Verition Fund Management LLC Reduced -35,806-35.8k
MARSHALL WACE, LLP Reduced -27,411-27.4k
Virtu Financial LLC Reduced -21,458-21.5k
HighTower Advisors, LLC Reduced -8,346-8.3k
CONDOR CAPITAL MANAGEMENT Reduced -1,300-1.3k

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Polar Asset Management Partners Inc. 0.51% of their portfolio TORONTO, A6 2,475,0002.5m $25.7m $25.7m 0.51% Unchanged
2 First Trust Capital Management L.P. 1.35% of their portfolio CHICAGO, IL 2,182,7722.2m $22.7m $22.7m 1.35% Added +1.2m +1,213,538
3 Radcliffe Capital Management, L.P. 1.80% of their portfolio BALA CYNWYD, PA 2,032,7162.0m $21.1m $21.1m 1.80% Reduced -39.1k -39,117
4 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 1,815,0001.8m $18.9m $18.9m 0.03% Unchanged
5 ARISTEIA CAPITAL, L.L.C. 0.48% of their portfolio GREENWICH, CT 1,326,9861.3m $13.8m $13.8m 0.48% Added +7.0k +7,039
6 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 1,273,9671.3m $13.2m $13.2m 0.00% Added +274.0k +273,967
7 Clal Insurance Enterprises Holdings Ltd 0.15% of their portfolio Tel-aviv, L3 1,247,5001.2m $13.0m $13.0m 0.15% Unchanged
8 Linden Advisors LP 0.12% of their portfolio New York, NY 1,135,0001.1m $11.8m $11.8m 0.12% Unchanged
9 CANTOR FITZGERALD, L. P. 0.26% of their portfolio NEW YORK, NY 1,105,8341.1m $11.5m $11.5m 0.26% Unchanged
10 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 1,000,0001.0m $10.4m $10.4m 0.01% Unchanged
11 Westchester Capital Management, LLC 0.31% of their portfolio VALHALLA, NY 866,951867.0k $9.0m $9.0m 0.31% Unchanged
12 PICTON MAHONEY ASSET MANAGEMENT 0.38% of their portfolio Toronto, A6 742,633742.6k $7.7m $7.7m 0.38% Unchanged
13 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 700,000700.0k $7.3m $7.3m 0.00% Unchanged
14 Periscope Capital Inc. 0.54% of their portfolio Toronto, A6 671,439671.4k $7.0m $7.0m 0.54% Unchanged
15 Centiva Capital, LP 0.31% of their portfolio New York, NY 597,506597.5k $6.2m $6.2m 0.31% Unchanged
16 Saba Capital Management, L.P. 0.19% of their portfolio NEW YORK, NY 549,551549.6k $5.7m $5.7m 0.19% Reduced -234.6k -234,594
17 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 539,069539.1k $5.6m $5.6m 0.01% Unchanged
18 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 507,400507.4k $5.3m $5.3m 0.03% Unchanged
19 NOMURA HOLDINGS INC 0.05% of their portfolio TOKYO, M0 500,000500.0k $5.2m $5.2m 0.05% Unchanged
20 Davidson Kempner Capital Management LP 0.10% of their portfolio New York, NY 441,770441.8k $4.6m $4.6m 0.10% Unchanged
21 Castle Creek Arbitrage, LLC 0.52% of their portfolio AVON, CO 400,440400.4k $4.2m $4.2m 0.52% Added +200.5k +200,541
22 AQR Arbitrage LLC 0.18% of their portfolio Greenwich, CT 394,446394.4k $4.1m $4.1m 0.18% Reduced -609 -609
23 Atlas Merchant Capital LLC 0.82% of their portfolio New York, NY 369,500369.5k $3.8m $3.8m 0.82% Unchanged
24 Verition Fund Management LLC 0.05% of their portfolio GREENWICH, CT 281,368281.4k $2.9m $2.9m 0.05% Reduced -35.8k -35,806
25 HGC Investment Management Inc. 0.94% of their portfolio TORONTO, A6 250,000250.0k $2.6m $2.6m 0.94% Reduced -250.0k -250,000
26 BERKLEY W R CORP 0.12% of their portfolio Greenwich, CT 198,860198.9k $2.1m $2.1m 0.12% New
27 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 142,100142.1k $1.5m $1.5m 0.01% Added +42.1k +42,101
28 Schechter Investment Advisors, LLC 0.11% of their portfolio BIRMINGHAM, MI 112,783112.8k $1.2m $1.2m 0.11% Added +14.0k +14,000
29 DUPONT CAPITAL MANAGEMENT CORP 0.05% of their portfolio Wilmington, DE 99,996100.0k $1.0m $1.0m 0.05% Unchanged
30 Wealthspring Capital LLC 1.33% of their portfolio WEST HARRISON, NY 92,00092.0k $955.4k $955.4k 1.33% Added +50.0k +50,000
31 FIR TREE CAPITAL MANAGEMENT LP 0.09% of their portfolio New York, NY 91,70191.7k $952.8k $952.8k 0.09% Unchanged
32 Karpus Management, Inc. 0.02% of their portfolio Pittsford, NY 71,00071.0k $737.3k $737.3k 0.02% Reduced -500 -500
33 Bulldog Investors, LLP 0.22% of their portfolio SADDLE BROOK, NJ 62,50762.5k $649.1k $649.1k 0.22% Added +13.0k +12,954
34 Magnetar Financial LLC 0.01% of their portfolio EVANSTON, IL 60,30060.3k $626.5k $626.5k 0.01% Unchanged
35 WHITEBOX ADVISORS LLC 0.03% of their portfolio MINNEAPOLIS, MN 50,00050.0k $519.2k $519.2k 0.03% Unchanged
36 RPO LLC 0.35% of their portfolio Stamford, CT 33,12733.1k $344.0k $344.0k 0.35% Added +1 +1
37 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 29,42329.4k $306.0k $306.0k 0.00% Reduced -8.3k -8,346
38 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 26,08526.1k $271.0k $271.0k 0.00% Added +4.7k +4,732
39 CONDOR CAPITAL MANAGEMENT 0.02% of their portfolio MARTINSVILLE, NJ 18,70018.7k $194.2k $194.2k 0.02% Reduced -1.3k -1,300
40 BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio NEW YORK, NY 14,90714.9k $154.8k $154.8k 0.00% Unchanged
41 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 14,57714.6k $151.5k $151.5k 0.00% Reduced -27.4k -27,411
42 CAPTRUST FINANCIAL ADVISORS 0.00% of their portfolio RALEIGH, NC 13,47513.5k $139.9k $139.9k 0.00% New
43 Virtu Financial LLC 0.01% of their portfolio New York, NY 11,34811.3k $118.0k $118.0k 0.01% Reduced -21.5k -21,458
44 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 623623 $6.5k $6.5k 0.00% Unchanged
45 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 500500 $5.2k $5.2k 0.00% Added +6 +6
46 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged