New Positions
3 managers initiated
Top five by reported value
FACTW FACTW
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
3 new12 added26 reduced1 exited
Total Institutional Holders
41
as of 2025-12-31
Top Holder
AQR Arbitrage LLC
$13.3M
Largest QoQ Increase
TORONTO DOMINION BANK
+398,469 sh
Largest QoQ Decrease
Bulldog Investors, LLP
-255,091 sh
New Positions(3)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| TORONTO DOMINION BANK | 398,469 | +398,469 | $4.1M | +$4.1M | — |
| Crossingbridge Advisors, LLC | 344,613 | +344,613 | $3.6M | +$3.6M | — |
| RiverPark Advisors, LLC | 343,612 | +343,612 | $3.6M | +$3.6M | — |
Added To(12)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| MIZUHO SECURITIES USA LLC | 500,000 | +203,062 | $5.1M | +$2.1M | 68.4% |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 499,023 | +109,023 | $5.2M | +$1.2M | 27.9% |
| WOLVERINE ASSET MANAGEMENT LLC | 798,468 | +53,870 | $8.3M | +$627.7K | 7.2% |
| UBS Group AG | 55,673 | +50,450 | $579.6K | +$525.7K | 965.9% |
| BERKLEY W R CORP | 285,082 | +36,572 | $3.0M | +$403.1K | 14.7% |
| Radcliffe Capital Management, L.P. | 523,289 | +23,289 | $5.4M | +$287.4K | 4.7% |
| Clear Street Group Inc. | 67,306 | +23,209 | $700.7K | +$245.6K | 52.6% |
| GOLDMAN SACHS GROUP INC | 422,388 | +28 | $4.4M | +$38.3K | 0.0% |
| CITADEL ADVISORS LLC | 30,153 | +667 | $314.2K | +$10.5K | 2.3% |
| Schonfeld Strategic Advisors LLC | 49,300 | +300 | $513.2K | +$7.5K | 0.6% |
| MORGAN STANLEY | 56 | +49 | $583 | +$511 | 700.0% |
| GLAZER CAPITAL, LLC | 645,836 | +40,328 | $6.7K | +$474 | 6.7% |
Reduced(26)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| PICTON MAHONEY ASSET MANAGEMENT | 1,250,000 | 0 | $13.0M | +$13.0M | 0.0% |
| Hudson Bay Capital Management LP | 800,000 | -200,000 | $8.3M | -$2.0M | -20.0% |
| Westchester Capital Management, LLC | 921,116 | -161,884 | $9.6M | -$1.6M | -14.9% |
| Shaolin Capital Management LLC | 200,000 | -103,750 | $2.1M | -$1.1M | -34.1% |
| Sandia Investment Management LP | 25,000 | -100,100 | $260.3K | -$1.0M | -80.0% |
| Quarry LP | 25,000 | -100,100 | $260.3K | -$1.0M | -80.0% |
| Periscope Capital Inc. | 343,100 | -90,000 | $3.6M | -$898.0K | -20.8% |
| HEIGHTS CAPITAL MANAGEMENT, INC | 60,000 | -60,000 | $625.2K | -$610.8K | -50.0% |
| AQR Arbitrage LLC | 1,277,639 | 0 | $13.3M | +$153.3K | 0.0% |
| Wealthspring Capital LLC | 734,640 | -19,550 | $7.6M | -$135.7K | -2.6% |
| Magnetar Financial LLC | 1,061,498 | 0 | $11.1M | +$127.4K | 0.0% |
| D. E. Shaw & Co., Inc. | 866,244 | 0 | $9.0M | +$103.9K | 0.0% |
| LMR Partners LLP | 1,002,470 | 0 | $10.4M | +$90.1K | 0.0% |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 1,000,000 | 0 | $10.4M | +$89.9K | 0.0% |
| TWO SIGMA INVESTMENTS, LP | 634,375 | 0 | $6.6M | +$57.0K | 0.0% |
| MANGROVE PARTNERS | 450,000 | 0 | $4.7M | +$40.5K | 0.0% |
| Linden Advisors LP | 300,000 | 0 | $3.1M | +$36.0K | 0.0% |
| Alberta Investment Management Corp | 250,000 | 0 | $2.6M | +$30.0K | 0.0% |
| Centiva Capital, LP | 250,000 | 0 | $2.6M | +$30.0K | 0.0% |
| Context Capital Management, LLC | 300,000 | 0 | $3.1M | +$27.0K | 0.0% |
| WHITEBOX ADVISORS LLC | 250,000 | 0 | $2.6M | +$22.5K | 0.0% |
| MOORE CAPITAL MANAGEMENT, LP | 100,000 | 0 | $1.0M | +$9.0K | 0.0% |
| GRITSTONE ASSET MANAGEMENT LLC | 100,000 | 0 | $1.0M | +$9.0K | 0.0% |
| READYSTATE ASSET MANAGEMENT LP | 25,000 | 0 | $260.5K | +$3.0K | 0.0% |
| Robinson Capital Management, LLC | 15,250 | 0 | $158.9K | +$1.8K | 0.0% |
| Kepos Capital LP | 43,500 | 0 | $453 | +$4 | 0.0% |
Sold Out(1)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Bulldog Investors, LLP | 0 | -255,091 | $0 | -$2.6M | — |
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 % |
|---|---|---|---|---|
| AQR Arbitrage LLC | 1,277,639 | $13.3M | 0 | 0.0% |
| PICTON MAHONEY ASSET MANAGEMENT | 1,250,000 | $13.0M | 0 | 0.0% |
| Magnetar Financial LLC | 1,061,498 | $11.1M | 0 | 0.0% |
| LMR Partners LLP | 1,002,470 | $10.4M | 0 | 0.0% |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 1,000,000 | $10.4M | 0 | 0.0% |
| Westchester Capital Management, LLC | 921,116 | $9.6M | -161,884 | -14.9% |
| D. E. Shaw & Co., Inc. | 866,244 | $9.0M | 0 | 0.0% |
| Hudson Bay Capital Management LP | 800,000 | $8.3M | -200,000 | -20.0% |
| WOLVERINE ASSET MANAGEMENT LLC | 798,468 | $8.3M | +53,870 | 7.2% |
| Wealthspring Capital LLC | 734,640 | $7.6M | -19,550 | -2.6% |
| TWO SIGMA INVESTMENTS, LP | 634,375 | $6.6M | 0 | 0.0% |
| Radcliffe Capital Management, L.P. | 523,289 | $5.4M | +23,289 | 4.7% |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 499,023 | $5.2M | +109,023 | 27.9% |
| MIZUHO SECURITIES USA LLC | 500,000 | $5.1M | +203,062 | 68.4% |
| MANGROVE PARTNERS | 450,000 | $4.7M | 0 | 0.0% |
| GOLDMAN SACHS GROUP INC | 422,388 | $4.4M | +28 | 0.0% |
| TORONTO DOMINION BANK | 398,469 | $4.1M | +398,469 | — |
| Crossingbridge Advisors, LLC | 344,613 | $3.6M | +344,613 | — |
| RiverPark Advisors, LLC | 343,612 | $3.6M | +343,612 | — |
| Periscope Capital Inc. | 343,100 | $3.6M | -90,000 | -20.8% |
New & Closed Positions this quarter
Closed Positions
1 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 FACTW 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.