New Positions
5 managers initiated
Top five by reported value
DRDBW DRDBW
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
5 new9 added36 reduced3 exited
Total Institutional Holders
50
as of 2025-12-31
Top Holder
METEORA CAPITAL, LLC
$20.7M
Largest QoQ Increase
Harraden Circle Investments, LLC
+671,465 sh
Largest QoQ Decrease
Nokomis Capital, L.L.C.
-549,996 sh
New Positions(5)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Harraden Circle Investments, LLC | 671,465 | +671,465 | $7.0M | +$7.0M | — |
| B. Riley Financial, Inc. | 605,913 | +605,913 | $1.3M | +$1.3M | — |
| UBS OCONNOR LLC | 100,000 | +100,000 | $1.0M | +$1.0M | — |
| Lineage Point Capital LP | 39,500 | +39,500 | $412.0K | +$412.0K | — |
| Virtu Financial LLC | 19,561 | +19,561 | $204 | +$204 | — |
Added To(9)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Fort Baker Capital Management LP | 1,523,746 | +610,214 | $15.9M | +$6.5M | 66.8% |
| TORONTO DOMINION BANK | 647,568 | +174,754 | $6.8M | +$1.9M | 37.0% |
| Governors Lane LP | 750,100 | +100,100 | $7.8M | +$1.1M | 15.4% |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 400,000 | +100,000 | $4.2M | +$1.1M | 33.3% |
| Verition Fund Management LLC | 188,869 | +75,000 | $2.0M | +$795.9K | 65.9% |
| D. E. Shaw & Co., Inc. | 1,091,788 | +50,121 | $11.4M | +$647.8K | 4.8% |
| Radcliffe Capital Management, L.P. | 525,266 | +266 | $5.5M | +$61.0K | 0.1% |
| READYSTATE ASSET MANAGEMENT LP | 25,740 | +740 | $268.5K | +$10.7K | 3.0% |
| MORGAN STANLEY | 99 | +15 | $1.0K | +$166 | 17.9% |
Reduced(36)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Nokomis Capital, L.L.C. | 130,026 | -549,996 | $1.4M | -$5.7M | -80.9% |
| WOLVERINE ASSET MANAGEMENT LLC | 210,087 | -378,215 | $2.2M | -$3.9M | -64.3% |
| METEORA CAPITAL, LLC | 1,983,186 | -252,302 | $20.7M | -$2.4M | -11.3% |
| PICTON MAHONEY ASSET MANAGEMENT | 175,000 | 0 | $1.8M | +$1.8M | 0.0% |
| Clear Street Group Inc. | 175,000 | -114,839 | $1.8M | -$1.2M | -39.6% |
| Westchester Capital Management, LLC | 185,244 | -100,000 | $1.9M | -$1.0M | -35.0% |
| Periscope Capital Inc. | 400,000 | -100,000 | $4.2M | -$987.5K | -20.0% |
| DLD Asset Management, LP | 100,044 | -163,456 | $1.0M | -$562.8K | -62.0% |
| Shaolin Capital Management LLC | 294,739 | -55,261 | $3.1M | -$537.5K | -15.8% |
| MIZUHO SECURITIES USA LLC | 156,205 | -53,041 | $1.6M | -$506.2K | -25.3% |
| ARISTEIA CAPITAL LLC | 1,234,023 | 0 | $12.9M | +$137.0K | 0.0% |
| AQR Arbitrage LLC | 1,133,577 | 0 | $11.8M | +$136.0K | 0.0% |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 1,110,000 | 0 | $11.6M | +$123.2K | 0.0% |
| Magnetar Financial LLC | 1,000,000 | 0 | $10.4M | +$120.0K | 0.0% |
| LMR Partners LLP | 1,010,174 | 0 | $10.5M | +$112.1K | 0.0% |
| TWO SIGMA INVESTMENTS, LP | 725,000 | 0 | $7.6M | +$80.5K | 0.0% |
| Linden Advisors LP | 500,000 | 0 | $5.2M | +$60.0K | 0.0% |
| Centiva Capital, LP | 485,199 | 0 | $5.1M | +$58.2K | 0.0% |
| First Trust Capital Management L.P. | 464,955 | 0 | $4.8M | +$51.6K | 0.0% |
| WHITEBOX ADVISORS LLC | 400,000 | 0 | $4.2M | +$44.4K | 0.0% |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | 400,000 | 0 | $4.2M | +$44.4K | 0.0% |
| GOLDMAN SACHS GROUP INC | 399,420 | 0 | $4.2M | +$44.3K | 0.0% |
| Hudson Bay Capital Management LP | 268,440 | 0 | $2.8M | +$32.2K | 0.0% |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | 250,000 | 0 | $2.6M | +$30.0K | 0.0% |
| BERKLEY W R CORP | 267,634 | 0 | $2.8M | +$29.7K | 0.0% |
| LANDSCAPE CAPITAL MANAGEMENT, L.L.C. | 26,601 | -2,793 | $277.4K | -$25.9K | -9.5% |
| Bulldog Investors, LLP | 680,373 | -4,905 | $7.1M | +$24.9K | -0.7% |
| MOORE CAPITAL MANAGEMENT, LP | 200,000 | 0 | $2.1M | +$22.2K | 0.0% |
| Schonfeld Strategic Advisors LLC | 228,293 | -1,307 | $2.4M | +$11.9K | -0.6% |
| K2 PRINCIPAL FUND, L.P. | 107,090 | 0 | $1.1M | +$11.8K | 0.0% |
| Sandia Investment Management LP | 50,038 | -62 | $521.9K | +$4.9K | -0.1% |
| Quarry LP | 50,038 | -62 | $521.9K | +$4.9K | -0.1% |
| Rangeley Capital, LLC | 43,200 | 0 | $450.6K | +$4.8K | 0.0% |
| Karpus Management, Inc. | 87,325 | -550 | $910.8K | +$4.0K | -0.6% |
| Warberg Asset Management LLC | 23,910 | 0 | $249.4K | +$2.7K | 0.0% |
| GLAZER CAPITAL, LLC | 829,494 | -15,606 | $8.7K | -$69 | -1.8% |
Sold Out(3)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| BCK Capital Management LP | 0 | -103,313 | $0 | -$1.1M | — |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 0 | -10,658 | $0 | -$109.9K | — |
| UBS Group AG | 0 | -572 | $0 | -$5.9K | — |
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 % |
|---|---|---|---|---|
| METEORA CAPITAL, LLC | 1,983,186 | $20.7M | -252,302 | -11.3% |
| Fort Baker Capital Management LP | 1,523,746 | $15.9M | +610,214 | 66.8% |
| ARISTEIA CAPITAL LLC | 1,234,023 | $12.9M | 0 | 0.0% |
| AQR Arbitrage LLC | 1,133,577 | $11.8M | 0 | 0.0% |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 1,110,000 | $11.6M | 0 | 0.0% |
| D. E. Shaw & Co., Inc. | 1,091,788 | $11.4M | +50,121 | 4.8% |
| LMR Partners LLP | 1,010,174 | $10.5M | 0 | 0.0% |
| Magnetar Financial LLC | 1,000,000 | $10.4M | 0 | 0.0% |
| Governors Lane LP | 750,100 | $7.8M | +100,100 | 15.4% |
| TWO SIGMA INVESTMENTS, LP | 725,000 | $7.6M | 0 | 0.0% |
| Bulldog Investors, LLP | 680,373 | $7.1M | -4,905 | -0.7% |
| Harraden Circle Investments, LLC | 671,465 | $7.0M | +671,465 | — |
| TORONTO DOMINION BANK | 647,568 | $6.8M | +174,754 | 37.0% |
| Radcliffe Capital Management, L.P. | 525,266 | $5.5M | +266 | 0.1% |
| Linden Advisors LP | 500,000 | $5.2M | 0 | 0.0% |
| Centiva Capital, LP | 485,199 | $5.1M | 0 | 0.0% |
| First Trust Capital Management L.P. | 464,955 | $4.8M | 0 | 0.0% |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | 400,000 | $4.2M | 0 | 0.0% |
| WHITEBOX ADVISORS LLC | 400,000 | $4.2M | 0 | 0.0% |
| Periscope Capital Inc. | 400,000 | $4.2M | -100,000 | -20.0% |
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 DRDBW 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.