TWIN RIDGE CAPITAL ACQUIS CO
SHS CL A · CUSIP G9151L104
18
institutional holders
-4 vs Q2 2023
5.2m
shares reported held*
$55.1mreported value*
2 new
5 added
1 reduced
6 sold out
net sold ≈ $8.0m (-784.8k 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 ≈ $10.54. Options: 1 managers hold calls ($293.0k notional), 0 hold puts (—).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 51 |
| Q4 2022 | 48 |
| Q1 2023 | 24 |
| Q2 2023 | 22 |
| Q3 2023 | 18 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 11 | 13 |
| Q1 2023 | 15 | 42 |
| Q2 2023 | 5 | 12 |
| Q3 2023 | 7 | 7 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $289.2k | $0 | 0.00 |
| Q1 2023 | $293.5k | $0 | 0.00 |
| Q2 2023 | $306.7k | $2.1m | 6.98 |
| Q3 2023 | $293.0k | $0 | 0.00 |
Biggest buyers
| Hudson Bay Capital Management LP | Added | +620.6k |
| CLEAR STREET LLC | Added | +173.0k |
| Periscope Capital Inc. | Added | +115.0k |
| Meteora Capital, LLC | Added | +111.8k |
| COWEN AND COMPANY, LLC | Added | +3.0k |
| FIFTH THIRD BANCORP | New | +2.9k |
| UBS Group AG | New | +99 |
Biggest sellers
| Radcliffe Capital Management, L.P. | Sold out | -450.6k |
| MANGROVE PARTNERS IM, LLC | Sold out | -385.8k |
| MIZUHO SECURITIES USA LLC | Sold out | -250.0k |
| Spartan Fund Management Inc. | Sold out | -216.1k |
| Polar Asset Management Partners Inc. | Sold out | -200.0k |
| GLAZER CAPITAL, LLC | Reduced | -166.8k |
| BOOTHBAY FUND MANAGEMENT, LLC | Sold out | -141.9k |
Biggest calls
| Paloma Partners Management Co | Unchanged | $293.0k28.7k 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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| Hudson Bay Capital Management LP 0.06% of their portfolio | 1.2m $13.2m | Added +620.6k |
| Westchester Capital Management, LLC 0.24% of their portfolio | 645.7k $6.9m | Unchanged |
| GLAZER CAPITAL, LLC 0.37% of their portfolio | 532.6k $5.7m | Reduced -166.8k |
| First Trust Capital Management L.P. 0.29% of their portfolio | 500.0k $5.3m | Unchanged |
| Meteora Capital, LLC 0.85% of their portfolio | 488.0k $5.0m | Added +111.8k |
| FIR TREE CAPITAL MANAGEMENT LP 0.57% of their portfolio | 477.9k $5.0m | Unchanged |
| Periscope Capital Inc. 0.56% of their portfolio | 465.3k $4.9m | Added +115.0k |
| KIM, LLC 0.20% of their portfolio | 185.0k $2.0m | Unchanged |
| CLEAR STREET LLC 0.08% of their portfolio | 173.0k $1.8m | Added +173.0k |
| COWEN AND COMPANY, LLC 0.11% of their portfolio | 154.7k $1.6m | Added +3.0k |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.02% of their portfolio | 100.0k $1.0m | Unchanged |
| BERKLEY W R CORP 0.07% of their portfolio | 99.9k $1.0m | Unchanged |
| Walleye Capital LLC 0.01% of their portfolio | 71.0k $725.6k | Unchanged |
| Tyrus Capital S.A.M. 4.85% of their portfolio | 50.0k $511.0k | Unchanged |
| Walleye Trading LLC 0.01% of their portfolio | 40.0k $408.8k | Unchanged |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 2.9k $29.9k | New |
| UBS Group AG 0.00% of their portfolio | 99 $1.0k | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |