New Positions
4 managers initiated
Top five by reported value
CUBWW CUBWW
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
4 new9 added30 reduced4 exited
Total Institutional Holders
43
as of 2025-12-31
Top Holder
First Trust Capital Management L.P.
$22.8M
Largest QoQ Increase
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS
+400,000 sh
Largest QoQ Decrease
METEORA CAPITAL, LLC
-390,707 sh
New Positions(4)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | 400,000 | +400,000 | $4.3M | +$4.3M | — |
| L1 Global Manager Pty Ltd | 270,000 | +270,000 | $2.9M | +$2.9M | — |
| ABC ARBITRAGE SA | 20,000 | +20,000 | $212.6K | +$212.6K | — |
| Evercore Wealth Management, LLC | 15,100 | +15,100 | $160.5K | +$160.5K | — |
Added To(9)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| MIZUHO SECURITIES USA LLC | 477,344 | +232,144 | $5.1M | +$2.5M | 94.7% |
| TORONTO DOMINION BANK | 510,348 | +230,349 | $5.4M | +$2.5M | 82.3% |
| Westchester Capital Management, LLC | 400,036 | +100,036 | $4.3M | +$1.1M | 33.3% |
| Radcliffe Capital Management, L.P. | 345,241 | +96,369 | $3.7M | +$1.0M | 38.7% |
| WOLVERINE ASSET MANAGEMENT LLC | 1,306,726 | +43,291 | $13.9M | +$611.9K | 3.4% |
| Periscope Capital Inc. | 250,000 | +50,000 | $2.7M | +$552.7K | 25.0% |
| BERKLEY W R CORP | 631,867 | +176 | $6.7M | +$77.7K | 0.0% |
| GOLDMAN SACHS GROUP INC | 586,615 | +123 | $6.2M | +$71.7K | 0.0% |
| MORGAN STANLEY | 91 | +15 | $967 | +$168 | 19.7% |
Reduced(30)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| PICTON MAHONEY ASSET MANAGEMENT | 1,500,000 | 0 | $15.9M | +$15.9M | 0.0% |
| Bulldog Investors, LLP | 330,645 | -145,741 | $3.5M | -$1.5M | -30.6% |
| HEIGHTS CAPITAL MANAGEMENT, INC | 50,798 | -85,106 | $542.5K | -$885.8K | -62.6% |
| Magnetar Financial LLC | 1,910,254 | 0 | $20.4M | +$286.5K | 0.0% |
| AQR Arbitrage LLC | 1,572,344 | 0 | $16.8M | +$267.3K | 0.0% |
| First Trust Capital Management L.P. | 2,145,000 | 0 | $22.8M | +$257.6K | 0.0% |
| Karpus Management, Inc. | 1,076,675 | -36,500 | $11.4M | -$254.3K | -3.3% |
| LMR Partners LLP | 1,980,000 | 0 | $21.0M | +$237.8K | 0.0% |
| D. E. Shaw & Co., Inc. | 986,472 | 0 | $10.5M | +$177.6K | 0.0% |
| Schonfeld Strategic Advisors LLC | 68,210 | -16,830 | $725.1K | -$170.4K | -19.8% |
| Wealthspring Capital LLC | 1,187,100 | -27,800 | $12.6M | -$149.6K | -2.3% |
| Verition Fund Management LLC | 108,594 | -15,000 | $1.2M | -$138.0K | -12.1% |
| Polar Asset Management Partners Inc. | 985,000 | 0 | $10.5M | +$128.1K | 0.0% |
| MMCAP International Inc. SPC | 980,000 | 0 | $10.4M | +$117.7K | 0.0% |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 544,341 | -386 | $5.8M | +$61.3K | -0.1% |
| TWO SIGMA INVESTMENTS, LP | 500,000 | 0 | $5.3M | +$60.0K | 0.0% |
| Jain Global LLC | 250,000 | 0 | $2.7M | +$37.5K | 0.0% |
| GRITSTONE ASSET MANAGEMENT LLC | 291,012 | 0 | $3.1M | +$35.0K | 0.0% |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 250,000 | 0 | $2.7M | +$30.0K | 0.0% |
| ARISTEIA CAPITAL LLC | 245,399 | 0 | $2.6M | +$29.5K | 0.0% |
| Hudson Bay Capital Management LP | 100,000 | 0 | $1.1M | +$18.0K | 0.0% |
| WHITEBOX ADVISORS LLC | 100,000 | 0 | $1.1M | +$12.0K | 0.0% |
| DELTEC ASSET MANAGEMENT LLC | 100,000 | 0 | $1.1M | +$12.0K | 0.0% |
| Dakota Wealth Management | 37,425 | 0 | $397.8K | +$4.5K | 0.0% |
| Clear Street Group Inc. | 33,490 | 0 | $356.0K | +$4.0K | 0.0% |
| CITIGROUP INC | 12,500 | 0 | $133.5K | +$1.9K | 0.0% |
| CONDOR CAPITAL MANAGEMENT | 13,360 | 0 | $142.0K | +$1.6K | 0.0% |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC | 7,520 | 0 | $79.9K | +$903 | 0.0% |
| GLAZER CAPITAL, LLC | 255,386 | -24,714 | $2.7K | -$229 | -8.8% |
| Kepos Capital LP | 50,000 | 0 | $532 | +$5 | 0.0% |
Sold Out(4)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| METEORA CAPITAL, LLC | 0 | -390,707 | $0 | -$4.1M | — |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0 | -12,435 | $0 | -$130.7K | — |
| CITADEL ADVISORS LLC | 0 | -10,247 | $0 | -$107.6K | — |
| UBS Group AG | 0 | -254 | $0 | -$2.7K | — |
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.
New & Closed Positions this quarter
Closed Positions
4 managers exited
Top five by prior-quarter value
- METEORA CAPITAL, LLC$4.1M
- SUSQUEHANNA INTERNATIONAL GROUP, LLP$130.7K
- CITADEL ADVISORS LLC$107.6K
- UBS Group AG$2.7K
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 CUBWW 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.