Vault-13

TENX KEANE ACQUISITION

ORD SHS · CUSIP G8708L104

24 institutional holders +1 vs Q2 2023
6,284,1016.3m shares reported held*
$67.6mreported value*
3 new 4 added 6 reduced 2 sold out net bought ≈ $9.9m (+923.7k 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 ($423.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.76.

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q4 22: 16Q1 23: 25Q2 23: 23Q3 23: 2424Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q4 202216
Q1 202325
Q2 202323
Q3 202324

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 23Q3 23: 7 bought or addedQ3 23: 8 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q1 2023163
Q2 2023911
Q3 202378

Calls vs puts

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

CallsPuts
$0$1m$2m$3mQ4 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 —Q3 23 calls: $0Q3 23 puts: $0Q3 23P/C —
Numbers
QuarterCallsPutsP/C
Q4 2022$0$0—
Q1 2023$0$0—
Q2 2023$0$2.9m—
Q3 2023$0$0—

Biggest buyers

Hudson Bay Capital Management LP Added +500,000+500.0k
Shaolin Capital Management LLC New +266,508+266.5k
Kepos Capital LP New +225,000+225.0k
MIZUHO SECURITIES USA LLC Added +51,557+51.6k
COWEN AND COMPANY, LLC New +28,263+28.3k
Periscope Capital Inc. Added +7,623+7.6k
BERKLEY W R CORP Added +4,874+4.9k

Biggest sellers

BANK OF MONTREAL /CAN/ Sold out -73,881-73.9k
Karpus Management, Inc. Reduced -42,665-42.7k
Virtu Financial LLC Reduced -30,290-30.3k
WOLVERINE ASSET MANAGEMENT LLC Reduced -11,133-11.1k
CVI Holdings, LLC Reduced -2,000-2.0k
GLAZER CAPITAL, LLC Reduced -124-124
CLEAR STREET LLC Sold out -7-7
Tower Research Capital LLC (TRC) Reduced -4-4

Holders, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Hudson Bay Capital Management LP 0.05% of their portfolio STAMFORD, CT 1,000,0001.0m $10.8m $10.8m 0.05% Added +500.0k +500,000
2 WOLVERINE ASSET MANAGEMENT LLC 0.11% of their portfolio CHICAGO, IL 566,345566.3k $6.1m $6.1m 0.11% Reduced -11.1k -11,133
3 Karpus Management, Inc. 0.20% of their portfolio Pittsford, NY 540,610540.6k $5.8m $5.8m 0.20% Reduced -42.7k -42,665
4 MIZUHO SECURITIES USA LLC 0.16% of their portfolio NEW YORK, NY 489,982490.0k $5.2m $5.2m 0.16% Added +51.6k +51,557
5 GLAZER CAPITAL, LLC 0.29% of their portfolio New York, NY 411,548411.5k $4.4m $4.4m 0.29% Reduced -124 -124
6 Polar Asset Management Partners Inc. 0.10% of their portfolio TORONTO, A6 400,000400.0k $4.3m $4.3m 0.10% Unchanged
7 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.20% of their portfolio WEST PALM BEACH, FL 350,000350.0k $3.8m $3.8m 0.20% Unchanged
8 Periscope Capital Inc. 0.42% of their portfolio Toronto, A6 341,250341.2k $3.7m $3.7m 0.42% Added +7.6k +7,623
9 KIM, LLC 0.35% of their portfolio WICHITA, KS 325,000325.0k $3.5m $3.5m 0.35% Unchanged
10 Westchester Capital Management, LLC 0.11% of their portfolio VALHALLA, NY 300,000300.0k $3.2m $3.2m 0.11% Unchanged
11 Shaolin Capital Management LLC 0.10% of their portfolio Miami, FL 266,508266.5k $2.9m $2.9m 0.10% New
12 Radcliffe Capital Management, L.P. 0.30% of their portfolio BALA CYNWYD, PA 226,721226.7k $2.4m $2.4m 0.30% Unchanged
13 Kepos Capital LP 0.43% of their portfolio NEW YORK, NY 225,000225.0k $2.4m $2.4m 0.43% New
14 CVI Holdings, LLC 3.80% of their portfolio WILMINGTON, DE 178,355178.4k $1.9m $1.9m 3.80% Reduced -2.0k -2,000
15 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 150,000150.0k $1.6m $1.6m 0.00% Unchanged
16 BERKLEY W R CORP 0.10% of their portfolio Greenwich, CT 140,962141.0k $1.5m $1.5m 0.10% Added +4.9k +4,874
17 OAKTREE CAPITAL MANAGEMENT LP 0.02% of their portfolio LOS ANGELES, CA 135,000135.0k $1.5m $1.5m 0.02% Unchanged
18 AQR Arbitrage LLC 0.06% of their portfolio Greenwich, CT 121,349121.3k $1.3m $1.3m 0.06% Unchanged
19 Terrapin Asset Management, LLC 1.11% of their portfolio Miami, FL 75,00075.0k $807.8k $807.8k 1.11% Unchanged
20 Dakota Wealth Management 0.02% of their portfolio PALM BEACH GARDENS, FL 39,30039.3k $423.3k $423.3k 0.02% Unchanged
21 COWEN AND COMPANY, LLC 0.02% of their portfolio NEW YORK, NY 28,26328.3k $304.4k $304.4k 0.02% New
22 Virtu Financial LLC 0.01% of their portfolio New York, NY 12,12812.1k $130.0k $130.0k 0.01% Reduced -30.3k -30,290
23 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 8080 $862 $862 0.00% Reduced -4 -4
24 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged