TWIN RIDGE CAPITAL ACQUIS CO
*W EXP 03/07/202 · CUSIP G9151L120
41
institutional holders
-1 vs Q2 2023
3.3m
shares reported held*
$550.0kreported value*
5 new
4 added
5 reduced
6 sold out
net sold ≈ $44.4k (-643.5k 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 ≈ $0.17. Options: 2 managers hold calls ($592.6k notional), 0 hold puts (—).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 38 |
| Q4 2022 | 40 |
| Q1 2023 | 45 |
| Q2 2023 | 42 |
| Q3 2023 | 41 |
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 | 9 | 7 |
| Q1 2023 | 13 | 6 |
| Q2 2023 | 6 | 12 |
| Q3 2023 | 9 | 11 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $573.3k | $0 | 0.00 |
| Q1 2023 | $592.7k | $0 | 0.00 |
| Q2 2023 | $614.1k | $5.0k | 0.01 |
| Q3 2023 | $592.6k | $0 | 0.00 |
Biggest buyers
| Shaolin Capital Management LLC | New | +100.1k |
| MIZUHO SECURITIES USA LLC | New | +57.0k |
| JPMORGAN CHASE & CO | New | +53.1k |
| StoneX Group Inc. | Added | +40.7k |
| SONA ASSET MANAGEMENT (US) LLC | Added | +28.7k |
| Walleye Capital LLC | Added | +27.0k |
| CLEAR STREET LLC | Added | +14.8k |
| FIFTH THIRD BANCORP | New | +973 |
| UBS Group AG | New | +143 |
Biggest sellers
| Polar Asset Management Partners Inc. | Sold out | -474.9k |
| Silver Rock Financial LP | Reduced | -102.0k |
| CVI Holdings, LLC | Sold out | -82.8k |
| BARCLAYS PLC | Sold out | -77.3k |
| Castle Creek Arbitrage, LLC | Sold out | -66.7k |
| RP Investment Advisors LP | Sold out | -53.1k |
| Spartan Fund Management Inc. | Sold out | -51.6k |
| Meteora Capital, LLC | Reduced | -2.4k |
| CITADEL ADVISORS LLC | Reduced | -1.0k |
| BOOTHBAY FUND MANAGEMENT, LLC | Reduced | -715 |
Biggest calls
| MARSHALL WACE, LLP | Unchanged | $572.6k56.0k shares |
| MILLENNIUM MANAGEMENT LLC | Unchanged | $20.0k266.7k 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 |
|---|---|---|
| Periscope Capital Inc. 0.00% of their portfolio | 400.5k $30.1k | Unchanged |
| ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio | 333.3k $26.5k | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 309.7k $23.3k | Unchanged |
| Walleye Capital LLC 0.00% of their portfolio | 175.8k $13.2k | Added +27.0k |
| COWEN AND COMPANY, LLC 0.00% of their portfolio | 168.5k $12.7k | Reduced -400 |
| Radcliffe Capital Management, L.P. 0.00% of their portfolio | 150.2k $11.9k | Unchanged |
| Bracebridge Capital, LLC 0.01% of their portfolio | 141.7k $10.6k | Unchanged |
| Sculptor Capital LP 0.00% of their portfolio | 133.8k $10.6k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 121.4k $9.1k | Unchanged |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 116.7k $8.0k | Unchanged |
| Q Global Advisors, LLC 0.01% of their portfolio | 105.5k $8.0k | Unchanged |
| Shaolin Capital Management LLC 0.00% of their portfolio | 100.1k $8.0k | New |
| Calamos Advisors LLC 0.00% of their portfolio | 83.3k $6.3k | Unchanged |
| Saba Capital Management, L.P. 0.00% of their portfolio | 81.9k $6.2k | Unchanged |
| Silver Rock Financial LP 0.03% of their portfolio | 66.9k $5.0k | Reduced -102.0k |
| DUPONT CAPITAL MANAGEMENT CORP 0.00% of their portfolio | 66.7k $5.0k | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 66.7k $5.0k | Unchanged |
| SONA ASSET MANAGEMENT (US) LLC 0.00% of their portfolio | 66.7k $5.0k | Added +28.7k |
| MIZUHO SECURITIES USA LLC 0.00% of their portfolio | 57.0k $570 | New |
| StoneX Group Inc. 0.00% of their portfolio | 55.7k $4.2k | Added +40.7k |
| Walleye Trading LLC 0.00% of their portfolio | 55.0k $4.1k | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 54.2k $4.1k | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 53.1k $4.0k | New |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 50.0k $3.8k | Unchanged |
| Meteora Capital, LLC 0.00% of their portfolio | 46.9k $3.5k | Reduced -2.4k |
| Owl Creek Asset Management, L.P. 0.00% of their portfolio | 34.5k $2.6k | Unchanged |
| Vestcor Inc 0.00% of their portfolio | 33.3k $3.0k | Unchanged |
| CLEAR STREET LLC 0.00% of their portfolio | 27.5k $2.1k | Added +14.8k |
| GRITSTONE ASSET MANAGEMENT LLC 0.00% of their portfolio | 26.0k $2.0k | Unchanged |
| HRT FINANCIAL LP 0.00% of their portfolio | 25.0k $1.0k | Unchanged |
| AQR Arbitrage LLC 0.00% of their portfolio | 20.7k $1.6k | Unchanged |
| Ancora Advisors LLC 0.00% of their portfolio | 20.3k $1.5k | Unchanged |
| OMERS ADMINISTRATION Corp 0.00% of their portfolio | 16.7k $1.3k | Unchanged |
| Tyrus Capital S.A.M. 0.01% of their portfolio | 16.7k $1.3k | Unchanged |
| Segantii Capital Management Ltd 0.01% of their portfolio | 16.7k $170.3k | Unchanged |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 15.3k $1.2k | Unchanged |
| BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio | 13.0k $132.8k | Reduced -715 |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 10.1k $760 | Reduced -1.0k |
| FIFTH THIRD BANCORP 0.00% of their portfolio | 973 $73 | New |
| UBS Group AG 0.00% of their portfolio | 143 $11 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |