Vault-13

TWO

COM CL A · CUSIP G9152V101

45 institutional holders -14 vs Q4 2022
17,146,77117.1m shares reported held*
$175.6mreported value*
9 new 7 added 9 reduced 22 sold out net sold ≈ $27.8m (-2.7m 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 ($462.0k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.24.

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 66Q4 22: 59Q1 23: 4545Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 202266
Q4 202259
Q1 202345

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 12 bought or addedQ4 22: 23 cut or sold outQ4 22Q1 23: 16 bought or addedQ1 23: 31 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221223
Q1 20231631

Biggest buyers

First Trust Capital Management L.P. Added +1,910,981+1.9m
HGC Investment Management Inc. Added +585,469+585.5k
Sandia Investment Management LP New +500,000+500.0k
HIGHBRIDGE CAPITAL MANAGEMENT LLC New +500,000+500.0k
Meteora Capital, LLC New +300,001+300.0k
Polar Asset Management Partners Inc. Added +297,099+297.1k
Periscope Capital Inc. Added +295,811+295.8k
Atlas Merchant Capital LLC Added +250,000+250.0k
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) New +236,311+236.3k
FIR TREE CAPITAL MANAGEMENT LP Added +215,000+215.0k

Biggest sellers

Sculptor Capital LP Sold out -1,764,069-1.8m
ARISTEIA CAPITAL, L.L.C. Sold out -1,219,707-1.2m
MILLENNIUM MANAGEMENT LLC Sold out -1,059,001-1.1m
KIM, LLC Sold out -688,569-688.6k
MARSHALL WACE, LLP Sold out -620,975-621.0k
Magnetar Financial LLC Sold out -542,000-542.0k
Centiva Capital, LP Reduced -501,904-501.9k
ROYAL BANK OF CANADA Sold out -296,496-296.5k
AQR Arbitrage LLC Reduced -254,401-254.4k
Hudson Bay Capital Management LP Sold out -250,000-250.0k

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 GLAZER CAPITAL, LLC 1.12% of their portfolio New York, NY 2,000,1242.0m $20.5m $20.5m 1.12% Reduced -48.8k -48,829
2 First Trust Capital Management L.P. 0.87% of their portfolio CHICAGO, IL 1,962,5472.0m $20.1m $20.1m 0.87% Added +1.9m +1,910,981
3 HGC Investment Management Inc. 1.23% of their portfolio TORONTO, A6 1,170,9381.2m $12.0m $12.0m 1.23% Added +585.5k +585,469
4 CADIAN CAPITAL MANAGEMENT, LP 0.64% of their portfolio NEW YORK, NY 1,000,0001.0m $10.2m $10.2m 0.64% Unchanged
5 FIR TREE CAPITAL MANAGEMENT LP 0.78% of their portfolio New York, NY 949,452949.5k $9.7m $9.7m 0.78% Added +215.0k +215,000
6 Woodline Partners LP 0.12% of their portfolio San Francisco, CA 813,114813.1k $8.3m $8.3m 0.12% Unchanged
7 Clal Insurance Enterprises Holdings Ltd 0.12% of their portfolio Tel-aviv, L3 750,000750.0k $7.7m $7.7m 0.12% Unchanged
8 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 561,306561.3k $5.8m $5.8m 0.01% Reduced -54.0k -53,960
9 Silver Rock Financial LP 4.57% of their portfolio Los Angeles, CA 556,773556.8k $5.7m $5.7m 4.57% Unchanged
10 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 539,536539.5k $5.5m $5.5m 0.01% Unchanged
11 Centiva Capital, LP 0.29% of their portfolio New York, NY 505,025505.0k $5.2m $5.2m 0.29% Reduced -501.9k -501,904
12 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.24% of their portfolio NEW YORK, NY 500,000500.0k $5.1m $5.1m 0.24% New
13 Radcliffe Capital Management, L.P. 0.32% of their portfolio BALA CYNWYD, PA 500,000500.0k $5.1m $5.1m 0.32% Reduced -83.6k -83,569
14 Polar Asset Management Partners Inc. 0.09% of their portfolio TORONTO, A6 500,000500.0k $5.1m $5.1m 0.09% Added +297.1k +297,099
15 Sandia Investment Management LP 0.95% of their portfolio BOSTON, MA 500,000500.0k $5.1m $5.1m 0.95% New
16 Atlas Merchant Capital LLC 0.89% of their portfolio New York, NY 500,000500.0k $5.1m $5.1m 0.89% Added +250.0k +250,000
17 Periscope Capital Inc. 0.20% of their portfolio Toronto, A6 425,600425.6k $4.4m $4.4m 0.20% Added +295.8k +295,811
18 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 386,037386.0k $4.0m $4.0m 0.01% Reduced -6.2k -6,190
19 Meteora Capital, LLC 0.36% of their portfolio Boca Raton, FL 300,001300.0k $3.1m $3.1m 0.36% New
20 P SCHOENFELD ASSET MANAGEMENT LP 0.32% of their portfolio NEW YORK, NY 297,997298.0k $3.1m $3.1m 0.32% Unchanged
21 MOORE CAPITAL MANAGEMENT, LP 0.08% of their portfolio NEW YORK, NY 250,000250.0k $2.6m $2.6m 0.08% Unchanged
22 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.06% of their portfolio CHICAGO, IL 236,311236.3k $2.4m $2.4m 0.06% New
23 Arena Capital Advisors, LLC- CA 3.18% of their portfolio LOS ANGELES, CA 222,916222.9k $2.3m $2.3m 3.18% Unchanged
24 Quarry LP 1.14% of their portfolio NEW YORK, NY 200,000200.0k $2.0m $2.0m 1.14% New
25 PICTON MAHONEY ASSET MANAGEMENT 0.10% of their portfolio Toronto, A6 195,466195.5k $2.0m $2.0m 0.10% Unchanged
26 BOOTHBAY FUND MANAGEMENT, LLC 0.05% of their portfolio NEW YORK, NY 191,964192.0k $2.0m $2.0m 0.05% New
27 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 157,382157.4k $1.6m $1.6m 0.00% Unchanged
28 AQR Arbitrage LLC 0.04% of their portfolio Greenwich, CT 142,899142.9k $1.5m $1.5m 0.04% Reduced -254.4k -254,401
29 Diametric Capital, LP 0.62% of their portfolio BOSTON, MA 125,000125.0k $1.3m $1.3m 0.62% New
30 CLEAR STREET LLC 0.17% of their portfolio NEW YORK, NY 105,149105.1k $1.1m $1.1m 0.17% New
31 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 100,000100.0k $1.0m $1.0m 0.00% Unchanged
32 TENOR CAPITAL MANAGEMENT Co., L.P. 0.02% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.02% Unchanged
33 Cohanzick Management, LLC 0.67% of their portfolio Pleasantville, NY 82,88782.9k $843.0k $843.0k 0.67% Unchanged
34 DUPONT CAPITAL MANAGEMENT CORP 0.04% of their portfolio Wilmington, DE 75,00075.0k $768.8k $768.8k 0.04% Unchanged
35 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 65,79765.8k $674.4k $674.4k 0.00% Unchanged
36 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 45,07245.1k $462.0k $462.0k 0.01% Unchanged
37 DeepCurrents Investment Group LLC 0.02% of their portfolio NEW YORK, NY 45,07245.1k $462.0k $462.0k 0.02% Reduced -109.9k -109,935
38 BANK OF NOVA SCOTIA 0.00% of their portfolio TORONTO, A6 40,00040.0k $410.0k $410.0k 0.00% Unchanged
39 PIPER SANDLER & CO. 0.18% of their portfolio MINNEAPOLIS, MN 25,00325.0k $256.3k $256.3k 0.18% Unchanged
40 Spartan Fund Management Inc. 0.12% of their portfolio TORONTO, ONTARIO, Z4 25,00025.0k $256.2k $256.2k 0.12% Reduced -15.7k -15,723
41 Cubist Systematic Strategies, LLC 0.00% of their portfolio STAMFORD, CT 22,25622.3k $228.1k $228.1k 0.00% New
42 Westchester Capital Management, LLC 0.01% of their portfolio VALHALLA, NY 19,05019.1k $193.7k $193.7k 0.01% Added +13.9k +13,893
43 UBS Group AG 0.00% of their portfolio ZURICH, V8 669669 $6.9k $6.9k 0.00% Reduced -3.4k -3,383
44 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 500500 $5.1k $5.1k 0.00% Unchanged
45 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged