Vault-13

TENX KEANE ACQUISITION

ORD SHS · CUSIP G8708L104

23 institutional holders -2 vs Q1 2023
5,360,3805.4m shares reported held*
$56.4mreported value*
3 new 6 added 6 reduced 5 sold out net sold ≈ $3.4m (-322.9k 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 ($413.8k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.52. Options: 0 managers hold calls (— notional), 1 hold puts ($2.9m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q4 22: 16Q1 23: 25Q2 23: 2323Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q4 202216
Q1 202325
Q2 202323

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 23: 16 bought or addedQ1 23: 3 cut or sold outQ1 23Q2 23: 9 bought or addedQ2 23: 11 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q1 2023163
Q2 2023911

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ3 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: $2.9mQ2 23P/C —
Numbers
QuarterCallsPutsP/C
Q3 2022$0$0—
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$2.9m—

Biggest buyers

RIVERNORTH CAPITAL MANAGEMENT, LLC New +350,000+350.0k
KIM, LLC Added +200,000+200.0k
MIZUHO SECURITIES USA LLC Added +135,675+135.7k
BANK OF MONTREAL /CAN/ New +73,881+73.9k
Virtu Financial LLC Added +32,068+32.1k
BERKLEY W R CORP Added +31,579+31.6k
Periscope Capital Inc. Added +9,127+9.1k
Karpus Management, Inc. Added +1,050+1.1k
Tower Research Capital LLC (TRC) New +84+84

Biggest sellers

Hudson Bay Capital Management LP Reduced -500,000-500.0k
Weiss Asset Management LP Sold out -350,000-350.0k
Shaolin Capital Management LLC Sold out -250,480-250.5k
Radcliffe Capital Management, L.P. Reduced -19,180-19.2k
StoneX Group Inc. Sold out -18,202-18.2k
Schonfeld Strategic Advisors LLC Sold out -12,600-12.6k
WOLVERINE ASSET MANAGEMENT LLC Reduced -3,449-3.4k
UBS Group AG Sold out -1,504-1.5k
CVI Holdings, LLC Reduced -710-710
AQR Arbitrage LLC Reduced -147-147

Biggest calls

None

Biggest puts

Shaolin Capital Management LLC New $2.9m278.6k 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 Karpus Management, Inc. 0.19% of their portfolio Pittsford, NY 583,275583.3k $6.1m $6.1m 0.19% Added +1.1k +1,050
2 WOLVERINE ASSET MANAGEMENT LLC 0.11% of their portfolio CHICAGO, IL 577,478577.5k $6.1m $6.1m 0.11% Reduced -3.4k -3,449
3 Hudson Bay Capital Management LP 0.05% of their portfolio STAMFORD, CT 500,000500.0k $5.3m $5.3m 0.05% Reduced -500.0k -500,000
4 MIZUHO SECURITIES USA LLC 0.15% of their portfolio NEW YORK, NY 438,425438.4k $4.6m $4.6m 0.15% Added +135.7k +135,675
5 GLAZER CAPITAL, LLC 0.29% of their portfolio New York, NY 411,672411.7k $4.3m $4.3m 0.29% Unchanged
6 Polar Asset Management Partners Inc. 0.08% of their portfolio TORONTO, A6 400,000400.0k $4.2m $4.2m 0.08% Unchanged
7 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.18% of their portfolio WEST PALM BEACH, FL 350,000350.0k $3.7m $3.7m 0.18% New
8 Periscope Capital Inc. 0.27% of their portfolio Toronto, A6 333,627333.6k $3.5m $3.5m 0.27% Added +9.1k +9,127
9 KIM, LLC 0.29% of their portfolio WICHITA, KS 325,000325.0k $3.4m $3.4m 0.29% Added +200.0k +200,000
10 Westchester Capital Management, LLC 0.11% of their portfolio VALHALLA, NY 300,000300.0k $3.2m $3.2m 0.11% Unchanged
11 Radcliffe Capital Management, L.P. 0.20% of their portfolio BALA CYNWYD, PA 226,721226.7k $2.4m $2.4m 0.20% Reduced -19.2k -19,180
12 CVI Holdings, LLC 2.01% of their portfolio WILMINGTON, DE 180,355180.4k $1.9m $1.9m 2.01% Reduced -710 -710
13 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 150,000150.0k $1.6m $1.6m 0.00% Unchanged
14 BERKLEY W R CORP 0.09% of their portfolio Greenwich, CT 136,088136.1k $1.4m $1.4m 0.09% Added +31.6k +31,579
15 OAKTREE CAPITAL MANAGEMENT LP 0.02% of their portfolio LOS ANGELES, CA 135,000135.0k $1.4m $1.4m 0.02% Unchanged
16 AQR Arbitrage LLC 0.06% of their portfolio Greenwich, CT 121,349121.3k $1.3m $1.3m 0.06% Reduced -147 -147
17 Terrapin Asset Management, LLC 1.11% of their portfolio Miami, FL 75,00075.0k $789.8k $789.8k 1.11% Unchanged
18 BANK OF MONTREAL /CAN/ 0.00% of their portfolio TORONTO, A6 73,88173.9k $773.5k $773.5k 0.00% New
19 Virtu Financial LLC 0.03% of their portfolio New York, NY 42,41842.4k $447.0k $447.0k 0.03% Added +32.1k +32,068
20 Dakota Wealth Management 0.02% of their portfolio PALM BEACH GARDENS, FL 39,30039.3k $413.8k $413.8k 0.02% Unchanged
21 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 8484 $885 $885 0.00% New
22 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 77 $74 $74 0.00% Reduced -57 -57
23 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged