Vault-13

VINE HILL CAP INVT CORP.

ORD SHS CL A · CUSIP G93Y09107

47 institutional holders +10 vs Q1 2025
21,624,30621.6m shares reported held*
$224.9mreported value*
11 new 9 added 9 reduced 2 sold out net bought ≈ $38.2m (+3.7m 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. Holder counts are more reliable. Implied quarter-end price ≈ $10.40. Options: 1 managers hold calls ($10.9k notional), 0 hold puts (—).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q4 24: 39Q1 25: 37Q2 25: 4747Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q4 202439
Q1 202537
Q2 202547

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 25: 14 bought or addedQ1 25: 12 cut or sold outQ1 25Q2 25: 20 bought or addedQ2 25: 11 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q1 20251412
Q2 20252011

Calls vs puts

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

CallsPuts
$0$5k$10k$15kQ3 24 calls: $0Q3 24 puts: $0Q3 24P/C —Q4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $10.9kQ2 25 puts: $0Q2 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2024$0$0—
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$10.9k$00.00

Biggest buyers

Magnetar Financial LLC New +1,800,000+1.8m
Alberta Investment Management Corp New +980,000+980.0k
TENOR CAPITAL MANAGEMENT Co., L.P. New +750,000+750.0k
PICTON MAHONEY ASSET MANAGEMENT New +750,000+750.0k
WOLVERINE ASSET MANAGEMENT LLC Added +362,075+362.1k
BERKLEY W R CORP Added +319,491+319.5k
WHITEBOX ADVISORS LLC New +265,000+265.0k
Shaolin Capital Management LLC New +175,210+175.2k
Wealthspring Capital LLC New +98,440+98.4k
Quarry LP New +50,500+50.5k

Biggest sellers

Centiva Capital, LP Reduced -750,009-750.0k
Polar Asset Management Partners Inc. Reduced -500,000-500.0k
Sculptor Capital LP Sold out -230,200-230.2k
OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) Reduced -225,000-225.0k
TORONTO DOMINION BANK Reduced -187,113-187.1k
Meteora Capital, LLC Reduced -59,986-60.0k
ARISTEIA CAPITAL, L.L.C. Reduced -35,560-35.6k
Verition Fund Management LLC Reduced -34,415-34.4k
Virtu Financial LLC Sold out -23,600-23.6k
AQR Arbitrage LLC Reduced -15,000-15.0k

Biggest calls

DLD Asset Management, LP New $10.9k45.0k 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.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
Vine Hill Capital Sponsor I LLC 13G · exempt (held before listing) new · filed 2025-02-13 25.0% new 7.3m 2025-02-13
Alyeska Investment Group, L.P. 13G · institution +2.7 pts · filed 2026-02-17 8.9% +2.7 pts 2.0m 2026-02-17

Fell to 5% or below in the last year: Magnetar Financial LLC (0.0%, 2026-09-04), TENOR CAPITAL MANAGEMENT Co., L.P. (0.0%, 2026-05-15), HIGHBRIDGE CAPITAL MANAGEMENT LLC (0.0%, 2026-05-15), Harraden Circle Investments, LLC (0.0%, 2026-05-14), ARISTEIA CAPITAL, L.L.C. (0.0%, 2026-05-14), BARCLAYS PLC (4.9%, 2026-05-14), First Trust Capital Management L.P. (3.5%, 2026-02-13), GOLDMAN SACHS GROUP INC (2.8%, 2026-02-09)

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Magnetar Financial LLC 0.09% of their portfolio EVANSTON, IL 1,800,0001.8m $18.7m $18.7m 0.09% New
2 First Trust Capital Management L.P. 1.27% of their portfolio CHICAGO, IL 1,799,9981.8m $18.7m $18.7m 1.27% Added +20.0k +20,000
3 ARISTEIA CAPITAL, L.L.C. 0.52% of their portfolio GREENWICH, CT 1,764,4401.8m $18.4m $18.4m 0.52% Reduced -35.6k -35,560
4 WOLVERINE ASSET MANAGEMENT LLC 0.24% of their portfolio CHICAGO, IL 1,377,8091.4m $14.3m $14.3m 0.24% Added +362.1k +362,075
5 AQR Arbitrage LLC 0.31% of their portfolio Greenwich, CT 1,264,3271.3m $13.2m $13.2m 0.31% Reduced -15.0k -15,000
6 Westchester Capital Management, LLC 0.67% of their portfolio VALHALLA, NY 1,095,5511.1m $11.4m $11.4m 0.67% Added +37.0k +37,000
7 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 1,088,7721.1m $11.3m $11.3m 0.01% Unchanged
8 Alberta Investment Management Corp 0.08% of their portfolio EDMONTON, A0 980,000980.0k $10.2m $10.2m 0.08% New
9 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 925,000925.0k $9.6m $9.6m 0.04% Unchanged
10 BERKLEY W R CORP 0.52% of their portfolio Greenwich, CT 799,435799.4k $8.3m $8.3m 0.52% Added +319.5k +319,491
11 LMR Partners LLP 0.12% of their portfolio LONDON, X0 750,310750.3k $7.8m $7.8m 0.12% Unchanged
12 TENOR CAPITAL MANAGEMENT Co., L.P. 0.11% of their portfolio NEW YORK, NY 750,000750.0k $7.8m $7.8m 0.11% New
13 PICTON MAHONEY ASSET MANAGEMENT 0.11% of their portfolio Toronto, A6 750,000750.0k $7.8m $7.8m 0.11% New
14 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 684,528684.5k $7.1m $7.1m 0.00% Unchanged
15 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.30% of their portfolio WEST PALM BEACH, FL 528,394528.4k $5.5m $5.5m 0.30% Unchanged
16 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 500,000500.0k $5.2m $5.2m 0.01% Unchanged
17 Hudson Bay Capital Management LP 0.03% of their portfolio STAMFORD, CT 450,113450.1k $4.7m $4.7m 0.03% Added +113 +113
18 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 450,000450.0k $4.7m $4.7m 0.00% Unchanged
19 Linden Advisors LP 0.03% of their portfolio New York, NY 450,000450.0k $4.7m $4.7m 0.03% Unchanged
20 Polar Asset Management Partners Inc. 0.10% of their portfolio TORONTO, A6 400,000400.0k $4.2m $4.2m 0.10% Reduced -500.0k -500,000
21 Periscope Capital Inc. 1.39% of their portfolio Toronto, A6 353,600353.6k $3.7m $3.7m 1.39% Added +19.4k +19,437
22 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 284,550284.6k $3.0m $3.0m 0.01% Reduced -187.1k -187,113
23 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 282,014282.0k $2.9m $2.9m 0.02% Reduced -34.4k -34,415
24 WHITEBOX ADVISORS LLC 0.08% of their portfolio MINNEAPOLIS, MN 265,000265.0k $2.8m $2.8m 0.08% New
25 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.07% of their portfolio CHICAGO, IL 250,000250.0k $2.6m $2.6m 0.07% Reduced -225.0k -225,000
26 Meteora Capital, LLC 0.39% of their portfolio Boca Raton, FL 199,962200.0k $2.1m $2.1m 0.39% Reduced -60.0k -59,986
27 GRITSTONE ASSET MANAGEMENT LLC 2.05% of their portfolio Bethesda, MD 199,329199.3k $2.1m $2.1m 2.05% Unchanged
28 Centiva Capital, LP 0.13% of their portfolio New York, NY 187,819187.8k $2.0m $2.0m 0.13% Reduced -750.0k -750,009
29 Shaolin Capital Management LLC 0.08% of their portfolio Miami, FL 175,210175.2k $1.8m $1.8m 0.08% New
30 MIZUHO SECURITIES USA LLC 0.02% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.02% First filing
31 DELTEC ASSET MANAGEMENT LLC 0.19% of their portfolio New York, NY 100,000100.0k $1.0m $1.0m 0.19% Unchanged
32 Wealthspring Capital LLC 0.27% of their portfolio WEST HARRISON, NY 98,44098.4k $1.0m $1.0m 0.27% New
33 Karpus Management, Inc. 0.03% of their portfolio Pittsford, NY 84,66584.7k $880.5k $880.5k 0.03% Reduced -1.2k -1,225
34 Warberg Asset Management LLC 0.21% of their portfolio WINNETKA, IL 84,15684.2k $875.2k $875.2k 0.21% Unchanged
35 Radcliffe Capital Management, L.P. 0.04% of their portfolio BALA CYNWYD, PA 56,12356.1k $583.7k $583.7k 0.04% Added +27.2k +27,227
36 HEIGHTS CAPITAL MANAGEMENT, INC 0.18% of their portfolio SAN FRANCISCO, CA 55,79055.8k $580.8k $580.8k 0.18% Unchanged
37 Sandia Investment Management LP 1.35% of their portfolio BOSTON, MA 50,50050.5k $525.2k $525.2k 1.35% New
38 Quarry LP 0.12% of their portfolio NEW YORK, NY 50,50050.5k $525.2k $525.2k 0.12% New
39 Kepos Capital LP 0.42% of their portfolio NEW YORK, NY 30,00030.0k $312.0k $312.0k 0.42% Unchanged
40 GLAZER CAPITAL, LLC 0.01% of their portfolio New York, NY 29,52029.5k $307.0k $307.0k 0.01% Unchanged
41 ROBINSON CAPITAL MANAGEMENT, LLC 0.11% of their portfolio GROSSE POINTE FARMS, MI 25,25025.2k $262.9k $262.9k 0.11% Unchanged
42 PenderFund Capital Management Ltd. 0.06% of their portfolio VANCOUVER, A1 25,00025.0k $260.2k $260.2k 0.06% Unchanged
43 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 20,00020.0k $208.0k $208.0k 0.00% New
44 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 8,1478.1k $84.7k $84.7k 0.00% Added +7.3k +7,315
45 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5151 $530 $530 0.00% Added +3 +3
46 UBS Group AG 0.00% of their portfolio ZURICH, V8 33 $31 $31 0.00% New
47 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged