Vault-13

GLOBAL BLUE GROUP HOLDING AG

ORD SHS · CUSIP H33700107

24 institutional holders +3 vs Q3 2023
156,260,354156.3m shares reported held*
$739.1mreported value*
3 new 8 added 4 reduced 1 sold out net sold ≈ $27.7m (-5.9m 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 ≈ $4.73. Options: 4 managers hold calls ($5.1m notional), 5 hold puts ($525.1k).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0102030Q3 22: 17Q4 22: 15Q1 23: 20Q2 23: 17Q3 23: 21Q4 23: 2424Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 202217
Q4 202215
Q1 202320
Q2 202317
Q3 202321
Q4 202324

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 22: 3 bought or addedQ4 22: 5 cut or sold outQ4 22Q1 23: 7 bought or addedQ1 23: 4 cut or sold outQ1 23Q2 23: 6 bought or addedQ2 23: 10 cut or sold outQ2 23Q3 23: 8 bought or addedQ3 23: 8 cut or sold outQ3 23Q4 23: 11 bought or addedQ4 23: 5 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 202235
Q1 202374
Q2 2023610
Q3 202388
Q4 2023115

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ1 23 calls: $6.4mQ1 23 puts: $0Q1 23P/C 0.00Q2 23 calls: $5.4mQ2 23 puts: $86.1kQ2 23P/C 0.02Q3 23 calls: $6.7mQ3 23 puts: $689.4kQ3 23P/C 0.10Q4 23 calls: $5.1mQ4 23 puts: $525.1kQ4 23P/C 0.10
Numbers
QuarterCallsPutsP/C
Q1 2023$6.4m$00.00
Q2 2023$5.4m$86.1k0.02
Q3 2023$6.7m$689.4k0.10
Q4 2023$5.1m$525.1k0.10

Biggest buyers

Partners Group Holding AG Added +2,771,206+2.8m
BANQUE PICTET & CIE SA Added +128,571+128.6k
ARMISTICE CAPITAL, LLC Added +14,600+14.6k
RENAISSANCE TECHNOLOGIES LLC New +13,600+13.6k
CITADEL ADVISORS LLC Added +9,770+9.8k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added +8,789+8.8k
Allspring Global Investments Holdings, LLC Added +6,377+6.4k
SEI INVESTMENTS CO Added +6,374+6.4k
SIMPLEX TRADING, LLC New +5,619+5.6k
MORGAN STANLEY New +1,140+1.1k

Biggest sellers

Silver Lake Group, L.L.C. Reduced -8,514,910-8.5m
Alyeska Investment Group, L.P. Reduced -256,637-256.6k
WCM INVESTMENT MANAGEMENT, LLC Reduced -32,701-32.7k
Irenic Capital Management LP Reduced -25,758-25.8k
UBS Group AG Sold out -23-23

Biggest calls

Alyeska Investment Group, L.P. Unchanged $5.0m1.1m shares
CITADEL ADVISORS LLC Added $80.9k17.1k shares
SIMPLEX TRADING, LLC Added $46.0k9.8k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $398.3k84.2k shares
GROUP ONE TRADING LLC Added $72.8k15.4k shares
SIMPLEX TRADING, LLC Reduced $45.0k9.7k shares
CITADEL ADVISORS LLC Added $9.0k1.9k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Silver Lake Group, L.L.C. 6.74% of their portfolio Menlo Park, CA 126,102,310126.1m $596.5m $596.5m 6.74% Reduced -8.5m -8,514,910
2 Knighthead Capital Management, LLC 1.55% of their portfolio NEW YORK, NY 9,286,9699.3m $43.9m $43.9m 1.55% Unchanged
3 Third Point LLC 0.60% of their portfolio NEW YORK, NY 8,387,6018.4m $39.7m $39.7m 0.60% Unchanged
4 Partners Group Holding AG 1.31% of their portfolio BAAR-ZUG, V8 5,542,4125.5m $26.2m $26.2m 1.31% Added +2.8m +2,771,206
5 WCM INVESTMENT MANAGEMENT, LLC 0.02% of their portfolio LAGUNA BEACH, CA 1,849,0171.8m $8.7m $8.7m 0.02% Reduced -32.7k -32,701
6 Alyeska Investment Group, L.P. 0.05% of their portfolio CHICAGO, IL 1,421,0251.4m $6.7m $6.7m 0.05% Reduced -256.6k -256,637
7 ARMISTICE CAPITAL, LLC 0.15% of their portfolio NEW YORK, NY 1,214,4751.2m $5.7m $5.7m 0.15% Added +14.6k +14,600
8 BANQUE PICTET & CIE SA 0.06% of their portfolio GENEVA 73, V8 1,071,4291.1m $5.1m $5.1m 0.06% Added +128.6k +128,571
9 Irenic Capital Management LP 0.42% of their portfolio NEW YORK, NY 405,885405.9k $1.9m $1.9m 0.42% Reduced -25.8k -25,758
10 Allspring Global Investments Holdings, LLC 0.00% of their portfolio CHARLOTTE, NC 288,224288.2k $1.4m $1.4m 0.00% Added +6.4k +6,377
11 SCALAR GAUGE MANAGEMENT, LLC 1.03% of their portfolio DALLAS, TX 228,883228.9k $1.1m $1.1m 1.03% First filing
12 Bank Pictet & Cie (Europe) AG 0.02% of their portfolio FRANKFURT AM MAIN, 2M 128,571128.6k $608.1k $608.1k 0.02% Unchanged
13 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 96,78996.8k $457.8k $457.8k 0.00% Added +6.4k +6,374
14 Clearline Capital LP 0.05% of their portfolio NEW YORK, NY 86,17586.2k $407.6k $407.6k 0.05% Added +952 +952
15 RBF Capital, LLC 0.02% of their portfolio RENO, NV 77,92277.9k $368.6k $368.6k 0.02% Unchanged
16 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 23,49123.5k $111.1k $111.1k 0.00% Added +8.8k +8,789
17 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 13,60013.6k $64.0k $64.0k 0.00% New
18 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 12,86112.9k $60.8k $60.8k 0.00% Added +9.8k +9,770
19 Financiere des Professionnels - Fonds d'investissement inc. 0.00% of their portfolio MONTREAL, A8 8,0848.1k $38.2k $38.2k 0.00% Unchanged
20 GROUP ONE TRADING LLC 0.00% of their portfolio CHICAGO, IL 5,8725.9k $27.8k $27.8k 0.00% Unchanged
21 SIMPLEX TRADING, LLC 0.00% of their portfolio CHICAGO, IL 5,6195.6k $26.0k $26.0k 0.00% New
22 SUMMIT SECURITIES GROUP LLC 0.00% of their portfolio NEW YORK, NY 2,0002.0k $9.0k $9.0k 0.00% Unchanged
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 1,1401.1k $5.4k $5.4k 0.00% New
24 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged