New Positions
1 managers initiated
Top five by reported value
Beneficient NCM:BENFW
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
1 new0 added18 reduced3 exited
Total Institutional Holders
19
as of 2025-12-31
Top Holder
MMCAP International Inc. SPC
$8.0K
Largest QoQ Increase
TWO SIGMA SECURITIES, LLC
+130,281 sh
Largest QoQ Decrease
SUSQUEHANNA INTERNATIONAL GROUP, LLP
-117,396 sh
New Positions(1)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| TWO SIGMA SECURITIES, LLC | 130,281 | +130,281 | $1.4K | +$1.4K | — |
Reduced(18)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| MMCAP International Inc. SPC | 750,000 | 0 | $8.0K | -$2.9K | 0.0% |
| Clear Street Group Inc. | 747,999 | -100 | $7.9K | -$2.8K | -0.0% |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 562,494 | 0 | $6.0K | -$2.1K | 0.0% |
| LMR Partners LLP | 487,500 | 0 | $5.2K | -$1.9K | 0.0% |
| GOLDMAN SACHS GROUP INC | 379,725 | 0 | $4.0K | -$1.4K | 0.0% |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 300,000 | 0 | $3.2K | -$1.1K | 0.0% |
| Hudson Bay Capital Management LP | 300,000 | 0 | $3.2K | -$1.1K | 0.0% |
| TORONTO DOMINION BANK | 365,296 | 0 | $4.0K | -$1.1K | 0.0% |
| Context Capital Management, LLC | 210,024 | 0 | $2.2K | -$798 | 0.0% |
| Calamos Advisors LLC | 187,500 | 0 | $2.0K | -$731 | 0.0% |
| Empyrean Capital Partners, LP | 100,000 | 0 | $1.1K | -$380 | 0.0% |
| MILLENNIUM MANAGEMENT LLC | 67,500 | 0 | $716 | -$256 | 0.0% |
| TRANSCEND CAPITAL ADVISORS, LLC | 50,000 | 0 | $530 | -$190 | 0.0% |
| Cruiser Capital Advisors, LLC | 48,750 | 0 | $517 | -$185 | 0.0% |
| WOLVERINE ASSET MANAGEMENT LLC | 22,235 | 0 | $236 | -$84 | 0.0% |
| D. E. Shaw & Co., Inc. | 19,500 | 0 | $207 | -$76 | 0.0% |
| Ancora Advisors, LLC | 15,273 | 0 | $162 | -$58 | 0.0% |
| Ausdal Financial Partners, Inc. | 10,000 | 0 | $106 | -$38 | 0.0% |
Sold Out(3)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0 | -117,396 | $0 | -$1.7K | — |
| CITADEL ADVISORS LLC | 0 | -15,650 | $0 | -$227 | — |
| UBS Group AG | 0 | -1,910 | $0 | -$27 | — |
Top Holders by reported value
Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.
| Manager | Shares | $ Value | Δ Shares | QoQ % |
|---|---|---|---|---|
| MMCAP International Inc. SPC | 750,000 | $8.0K | 0 | 0.0% |
| Clear Street Group Inc. | 747,999 | $7.9K | -100 | -0.0% |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 562,494 | $6.0K | 0 | 0.0% |
| LMR Partners LLP | 487,500 | $5.2K | 0 | 0.0% |
| GOLDMAN SACHS GROUP INC | 379,725 | $4.0K | 0 | 0.0% |
| TORONTO DOMINION BANK | 365,296 | $4.0K | 0 | 0.0% |
| Hudson Bay Capital Management LP | 300,000 | $3.2K | 0 | 0.0% |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 300,000 | $3.2K | 0 | 0.0% |
| Context Capital Management, LLC | 210,024 | $2.2K | 0 | 0.0% |
| Calamos Advisors LLC | 187,500 | $2.0K | 0 | 0.0% |
| TWO SIGMA SECURITIES, LLC | 130,281 | $1.4K | +130,281 | — |
| Empyrean Capital Partners, LP | 100,000 | $1.1K | 0 | 0.0% |
| MILLENNIUM MANAGEMENT LLC | 67,500 | $716 | 0 | 0.0% |
| TRANSCEND CAPITAL ADVISORS, LLC | 50,000 | $530 | 0 | 0.0% |
| Cruiser Capital Advisors, LLC | 48,750 | $517 | 0 | 0.0% |
| WOLVERINE ASSET MANAGEMENT LLC | 22,235 | $236 | 0 | 0.0% |
| D. E. Shaw & Co., Inc. | 19,500 | $207 | 0 | 0.0% |
| Ancora Advisors, LLC | 15,273 | $162 | 0 | 0.0% |
| Ausdal Financial Partners, Inc. | 10,000 | $106 | 0 | 0.0% |
New & Closed Positions this quarter
Closed Positions
3 managers exited
Top five by prior-quarter value
Methodology
Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.
Quarter-over-quarter deltas compare each manager's most recently reported share count for BENFW against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.
Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.