Vault-13

SPRING VALLEY ACQUISTN CORP SVIIF

CLASS A ORD · Common Stock · CUSIP G83752108

50 institutional holders -1 vs Q1 2023
20,268,73820.3m shares reported held*
$213.9mreported value*
7 new 10 added 13 reduced 9 sold out net sold ≈ $5.1m (-483.9k 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 ($4.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.55. Options: 0 managers hold calls (— notional), 1 hold puts ($6.3m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q4 22: 45Q1 23: 51Q2 23: 5050Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q4 202245
Q1 202351
Q2 202350

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 23: 28 bought or addedQ1 23: 11 cut or sold outQ1 23Q2 23: 17 bought or addedQ2 23: 22 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q1 20232811
Q2 20231722

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ3 22 calls: $0Q3 22 puts: $0Q3 22P/C —Q4 22 calls: $0Q4 22 puts: $0Q4 22P/C —Q1 23 calls: $0Q1 23 puts: $0Q1 23P/C —Q2 23 calls: $0Q2 23 puts: $6.3mQ2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$6.3m—

Biggest buyers

Westchester Capital Management, LLC Added +783,093+783.1k
First Trust Capital Management L.P. Added +610,789+610.8k
Schechter Investment Advisors, LLC Added +352,618+352.6k
Wealthspring Capital LLC New +347,798+347.8k
BANK OF MONTREAL /CAN/ New +323,518+323.5k
ARISTEIA CAPITAL, L.L.C. Added +200,000+200.0k
COWEN AND COMPANY, LLC Added +196,914+196.9k
GRITSTONE ASSET MANAGEMENT LLC New +178,581+178.6k
GABELLI FUNDS LLC New +170,300+170.3k
GABELLI & Co INVESTMENT ADVISERS, INC. New +129,700+129.7k

Biggest sellers

Shaolin Capital Management LLC Sold out -775,000-775.0k
Hudson Bay Capital Management LP Reduced -600,000-600.0k
HGC Investment Management Inc. Reduced -517,018-517.0k
Balyasny Asset Management L.P. Sold out -500,000-500.0k
MILLENNIUM MANAGEMENT LLC Reduced -480,000-480.0k
Segantii Capital Management Ltd Sold out -200,000-200.0k
Saba Capital Management, L.P. Reduced -151,000-151.0k
Polar Asset Management Partners Inc. Reduced -150,000-150.0k
DIFESA CAPITAL MANAGEMENT, LP Sold out -150,000-150.0k
Spartan Fund Management Inc. Sold out -150,000-150.0k

Biggest calls

None

Biggest puts

Shaolin Capital Management LLC New $6.3m595.0k 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

No one currently above 5% in the filings since 19 Dec 2024.

Fell to 5% or below in the last year: MERUS GLOBAL INVESTMENTS, LLC (0.0%, 2026-05-15)

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 First Trust Capital Management L.P. 1.33% of their portfolio CHICAGO, IL 2,111,4892.1m $22.3m $22.3m 1.33% Added +610.8k +610,789
2 ARISTEIA CAPITAL, L.L.C. 0.39% of their portfolio GREENWICH, CT 1,069,0001.1m $11.3m $11.3m 0.39% Added +200.0k +200,000
3 PICTON MAHONEY ASSET MANAGEMENT 0.53% of their portfolio Toronto, A6 1,019,0001.0m $10.8m $10.8m 0.53% Unchanged
4 Periscope Capital Inc. 0.78% of their portfolio Toronto, A6 939,699939.7k $9.9m $9.9m 0.78% Unchanged
5 Westchester Capital Management, LLC 0.33% of their portfolio VALHALLA, NY 893,776893.8k $9.4m $9.4m 0.33% Added +783.1k +783,093
6 Karpus Management, Inc. 0.30% of their portfolio Pittsford, NY 892,968893.0k $9.4m $9.4m 0.30% Reduced -23.6k -23,550
7 Starboard Value LP 0.19% of their portfolio New York, NY 850,000850.0k $9.0m $9.0m 0.19% Unchanged
8 Kepos Capital LP 1.64% of their portfolio NEW YORK, NY 850,000850.0k $9.0m $9.0m 1.64% First filing
9 Dryden Capital, LLC 10.49% of their portfolio MIAMI, FL 703,596703.6k $7.4m $7.4m 10.49% Reduced -56.2k -56,200
10 Radcliffe Capital Management, L.P. 0.55% of their portfolio BALA CYNWYD, PA 607,557607.6k $6.4m $6.4m 0.55% Reduced -147 -147
11 Linden Advisors LP 0.07% of their portfolio New York, NY 600,000600.0k $6.3m $6.3m 0.07% Unchanged
12 Polar Asset Management Partners Inc. 0.13% of their portfolio TORONTO, A6 600,000600.0k $6.3m $6.3m 0.13% Reduced -150.0k -150,000
13 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 562,000562.0k $5.9m $5.9m 0.01% Reduced -480.0k -480,000
14 HGC Investment Management Inc. 1.97% of their portfolio TORONTO, A6 517,018517.0k $5.5m $5.5m 1.97% Reduced -517.0k -517,018
15 FIR TREE CAPITAL MANAGEMENT LP 0.52% of their portfolio New York, NY 500,000500.0k $5.3m $5.3m 0.52% Unchanged
16 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 500,000500.0k $5.3m $5.3m 0.01% Unchanged
17 MOORE CAPITAL MANAGEMENT, LP 0.13% of their portfolio NEW YORK, NY 500,000500.0k $5.3m $5.3m 0.13% Unchanged
18 WOLVERINE ASSET MANAGEMENT LLC 0.10% of their portfolio CHICAGO, IL 487,302487.3k $5.1m $5.1m 0.10% Reduced -128.4k -128,379
19 GLAZER CAPITAL, LLC 0.33% of their portfolio New York, NY 474,996475.0k $5.0m $5.0m 0.33% Unchanged
20 AQR Arbitrage LLC 0.21% of their portfolio Greenwich, CT 458,944458.9k $4.8m $4.8m 0.21% Reduced -468 -468
21 Schechter Investment Advisors, LLC 0.35% of their portfolio BIRMINGHAM, MI 372,618372.6k $3.9m $3.9m 0.35% Added +352.6k +352,618
22 LMR Partners LLP 0.08% of their portfolio LONDON, X0 350,000350.0k $3.7m $3.7m 0.08% Unchanged
23 Wealthspring Capital LLC 5.09% of their portfolio WEST HARRISON, NY 347,798347.8k $3.7m $3.7m 5.09% New
24 HighTower Advisors, LLC 0.01% of their portfolio CHICAGO, IL 333,505333.5k $3.5m $3.5m 0.01% Reduced -4.1k -4,053
25 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 323,518323.5k $3.4m $3.4m 0.00% New
26 Saba Capital Management, L.P. 0.11% of their portfolio NEW YORK, NY 322,975323.0k $3.4m $3.4m 0.11% Reduced -151.0k -151,000
27 Woodline Partners LP 0.04% of their portfolio San Francisco, CA 300,000300.0k $3.2m $3.2m 0.04% Unchanged
28 KIM, LLC 0.27% of their portfolio WICHITA, KS 300,000300.0k $3.2m $3.2m 0.27% Unchanged
29 COWEN AND COMPANY, LLC 0.26% of their portfolio NEW YORK, NY 297,314297.3k $3.1m $3.1m 0.26% Added +196.9k +196,914
30 Exos TFP Holdings LLC 1.30% of their portfolio NEW YORK, NY 250,000250.0k $2.6m $2.6m 1.30% Reduced -50.0k -50,000
31 Sculptor Capital LP 0.06% of their portfolio New York, NY 219,334219.3k $2.3m $2.3m 0.06% Added +75.1k +75,108
32 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 200,766200.8k $2.1m $2.1m 0.00% Unchanged
33 CANTOR FITZGERALD, L. P. 0.05% of their portfolio NEW YORK, NY 200,000200.0k $2.1m $2.1m 0.05% Unchanged
34 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio HARRISBURG, PA 200,000200.0k $2.1m $2.1m 0.02% Added +100.0k +100,000
35 Hudson Bay Capital Management LP 0.02% of their portfolio STAMFORD, CT 200,000200.0k $2.1m $2.1m 0.02% Reduced -600.0k -600,000
36 Atlas Merchant Capital LLC 0.45% of their portfolio New York, NY 200,000200.0k $2.1m $2.1m 0.45% Unchanged
37 Verition Fund Management LLC 0.03% of their portfolio GREENWICH, CT 194,484194.5k $2.1m $2.1m 0.03% Unchanged
38 GRITSTONE ASSET MANAGEMENT LLC 2.31% of their portfolio Bethesda, MD 178,581178.6k $1.9m $1.9m 2.31% New
39 GABELLI FUNDS LLC 0.01% of their portfolio Rye, NY 170,300170.3k $1.8m $1.8m 0.01% New
40 Castle Creek Arbitrage, LLC 0.18% of their portfolio AVON, CO 140,000140.0k $1.5m $1.5m 0.18% Unchanged
41 GABELLI & Co INVESTMENT ADVISERS, INC. 0.23% of their portfolio Rye, NY 129,700129.7k $1.4m $1.4m 0.23% New
42 Flow State Investments, L.P. 0.49% of their portfolio CHICAGO, IL 108,978109.0k $1.2m $1.2m 0.49% Added +5.7k +5,677
43 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 56,20056.2k $592.3k $592.3k 0.00% New
44 Dakota Wealth Management 0.02% of their portfolio PALM BEACH GARDENS, FL 33,05033.0k $348.3k $348.3k 0.02% Unchanged
45 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 29,30029.3k $308.8k $308.8k 0.00% Added +3.4k +3,400
46 Mint Tower Capital Management B.V. 0.03% of their portfolio AMSTERDAM, P7 20,00020.0k $211.0k $211.0k 0.03% Unchanged
47 Bulldog Investors, LLP 0.07% of their portfolio SADDLE BROOK, NJ 19,58019.6k $206.2k $206.2k 0.07% Reduced -420 -420
48 CONDOR CAPITAL MANAGEMENT 0.02% of their portfolio MARTINSVILLE, NJ 14,01014.0k $147.7k $147.7k 0.02% New
49 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 230230 $2.4k $2.4k 0.00% Added +214 +214
50 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged