TWO
COM CL A · CUSIP G9152V101
22
institutional holders
-23 vs Q1 2023
5.1m
shares reported held*
$52.5mreported value*
6 new
2 added
9 reduced
28 sold out
net sold ≈ $122.1m (-11.9m 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 ≈ $10.29.
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 66 |
| Q4 2022 | 59 |
| Q1 2023 | 45 |
| Q2 2023 | 22 |
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 | 12 | 23 |
| Q1 2023 | 16 | 31 |
| Q2 2023 | 8 | 37 |
Biggest buyers
| MANGROVE PARTNERS IM, LLC | New | +247.9k |
| Spartan Fund Management Inc. | Added | +197.8k |
| PICTON MAHONEY ASSET MANAGEMENT | Added | +194.7k |
| COWEN AND COMPANY, LLC | New | +171.7k |
| MIZUHO SECURITIES USA LLC | New | +56.8k |
| WOLVERINE ASSET MANAGEMENT LLC | New | +12.2k |
| DEUTSCHE BANK AG\ | New | +5.9k |
| Spire Wealth Management | New | +100 |
Biggest sellers
| GLAZER CAPITAL, LLC | Sold out | -2.0m |
| First Trust Capital Management L.P. | Sold out | -2.0m |
| HGC Investment Management Inc. | Sold out | -1.2m |
| CADIAN CAPITAL MANAGEMENT, LP | Sold out | -1.0m |
| Woodline Partners LP | Sold out | -813.1k |
| Clal Insurance Enterprises Holdings Ltd | Sold out | -750.0k |
| HSBC HOLDINGS PLC | Sold out | -561.3k |
| Silver Rock Financial LP | Sold out | -556.8k |
| FIR TREE CAPITAL MANAGEMENT LP | Reduced | -526.9k |
| JANE STREET GROUP, LLC | Sold out | -386.0k |
Holders, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| Polar Asset Management Partners Inc. 0.10% of their portfolio | 500.0k $5.2m | Unchanged |
| Atlas Merchant Capital LLC 1.10% of their portfolio | 500.0k $5.2m | Unchanged |
| Centiva Capital, LP 0.26% of their portfolio | 497.5k $5.1m | Reduced -7.5k |
| Radcliffe Capital Management, L.P. 0.43% of their portfolio | 490.0k $5.0m | Reduced -10.0k |
| FIR TREE CAPITAL MANAGEMENT LP 0.43% of their portfolio | 422.5k $4.4m | Reduced -526.9k |
| Periscope Capital Inc. 0.32% of their portfolio | 400.0k $4.1m | Reduced -25.6k |
| PICTON MAHONEY ASSET MANAGEMENT 0.20% of their portfolio | 390.2k $4.0m | Added +194.7k |
| Sandia Investment Management LP 1.19% of their portfolio | 375.0k $3.9m | Reduced -125.0k |
| MOORE CAPITAL MANAGEMENT, LP 0.06% of their portfolio | 249.9k $2.6m | Reduced -100 |
| MANGROVE PARTNERS IM, LLC 0.18% of their portfolio | 247.9k $2.6m | New |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 237.1k $2.4m | Reduced -302.4k |
| Spartan Fund Management Inc. 0.55% of their portfolio | 222.8k $2.3m | Added +197.8k |
| COWEN AND COMPANY, LLC 0.15% of their portfolio | 171.7k $1.8m | New |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 150.0k $1.5m | Reduced -350.0k |
| Meteora Capital, LLC 0.20% of their portfolio | 107.9k $1.1m | Reduced -192.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 65.8k $677.7k | Unchanged |
| MIZUHO SECURITIES USA LLC 0.02% of their portfolio | 56.8k $584.6k | New |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 12.2k $125.6k | New |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 5.9k $60.8k | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 500 $5.1k | Unchanged |
| Spire Wealth Management 0.00% of their portfolio | 100 $1.0k | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |