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VOL. XII · NO. 117Established MMXIV · George Town, Grand CaymanAtlantic Edition · $4.50

The Cayman Journal

Finance · Business · Technology · Caribbean & Global Affairs
13F Institutional Ownership · HVMCW

HVMCW HVMCW

Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31.

50 new0 added0 reduced0 exited

New Positions(50)

ManagerSharesΔ SharesValueΔ Value% Δ
ADAGE CAPITAL PARTNERS GP, L.L.C.1,800,000+1,800,000$18.0M+$18.0M—
AQR Arbitrage LLC1,268,222+1,268,222$12.7M+$12.7M—
Alberta Investment Management Corp1,250,000+1,250,000$12.5M+$12.5M—
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND1,000,000+1,000,000$10.0M+$10.0M—
Magnetar Financial LLC929,288+929,288$9.3M+$9.3M—
Hudson Bay Capital Management LP901,878+901,878$9.0M+$9.0M—
MILLENNIUM MANAGEMENT LLC799,996+799,996$8.0M+$8.0M—
Linden Advisors LP750,000+750,000$7.5M+$7.5M—
TWO SIGMA INVESTMENTS, LP632,853+632,853$6.3M+$6.3M—
Verition Fund Management LLC621,299+621,299$6.2M+$6.2M—
Shaolin Capital Management LLC600,000+600,000$6.0M+$6.0M—
Radcliffe Capital Management, L.P.532,201+532,201$5.3M+$5.3M—
TENOR CAPITAL MANAGEMENT Co., L.P.500,000+500,000$5.0M+$5.0M—
DRIEHAUS CAPITAL MANAGEMENT LLC500,000+500,000$5.0M+$5.0M—
Sculptor Capital LP500,000+500,000$5.0M+$5.0M—
Schonfeld Strategic Advisors LLC450,000+450,000$4.5M+$4.5M—
Lineage Point Capital LP400,000+400,000$4.0M+$4.0M—
Polar Asset Management Partners Inc.400,000+400,000$4.0M+$4.0M—
MOORE CAPITAL MANAGEMENT, LP400,000+400,000$4.0M+$4.0M—
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS400,000+400,000$4.0M+$4.0M—
BNP PARIBAS ARBITRAGE, SNC398,511+398,511$4.0M+$4.0M—
Periscope Capital Inc.392,801+392,801$3.9M+$3.9M—
BERKLEY W R CORP333,856+333,856$3.3M+$3.3M—
Irenic Capital Management LP300,000+300,000$3.0M+$3.0M—
HBK INVESTMENTS L P250,000+250,000$2.5M+$2.5M—
First Trust Capital Management L.P.250,000+250,000$2.5M+$2.5M—
UBS OCONNOR LLC250,000+250,000$2.5M+$2.5M—
Centiva Capital, LP200,000+200,000$2.0M+$2.0M—
PICTON MAHONEY ASSET MANAGEMENT200,000+200,000$2.0M+$2.0M—
Clear Street Group Inc.191,707+191,707$1.9M+$1.9M—
ARISTEIA CAPITAL LLC187,433+187,433$1.9M+$1.9M—
TORONTO DOMINION BANK175,408+175,408$1.8M+$1.8M—
Westchester Capital Management, LLC170,299+170,299$1.7M+$1.7M—
Bulldog Investors, LLP160,663+160,663$1.6M+$1.6M—
Governors Lane LP153,935+153,935$1.5M+$1.5M—
MIZUHO SECURITIES USA LLC150,834+150,834$1.5M+$1.5M—
TIG Advisors, LLC150,000+150,000$1.5M+$1.5M—
Context Capital Management, LLC150,000+150,000$1.5M+$1.5M—
GRITSTONE ASSET MANAGEMENT LLC127,021+127,021$1.3M+$1.3M—
JPMORGAN CHASE & CO111,904+111,904$1.1M+$1.1M—
DLD Asset Management, LP100,307+100,307$1.0M+$1.0M—
METEORA CAPITAL, LLC100,000+100,000$1.0M+$1.0M—
WHITEBOX ADVISORS LLC100,000+100,000$1.0M+$1.0M—
ABC ARBITRAGE SA35,000+35,000$350.0K+$350.0K—
BOOTHBAY FUND MANAGEMENT, LLC25,000+25,000$250.0K+$250.0K—
Decagon Asset Management LLP100,000+100,000$27.0K+$27.0K—
GLAZER CAPITAL, LLC900,020+900,020$9.0K+$9.0K—
MORGAN STANLEY63+63$630+$630—
Virtu Financial LLC25,165+25,165$252+$252—
Mint Tower Capital Management B.V.25,000+25,000$250+$250—

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.

ManagerShares$ ValueΔ SharesQoQ %
ADAGE CAPITAL PARTNERS GP, L.L.C.1,800,000$18.0M+1,800,000—
AQR Arbitrage LLC1,268,222$12.7M+1,268,222—
Alberta Investment Management Corp1,250,000$12.5M+1,250,000—
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND1,000,000$10.0M+1,000,000—
Magnetar Financial LLC929,288$9.3M+929,288—
Hudson Bay Capital Management LP901,878$9.0M+901,878—
MILLENNIUM MANAGEMENT LLC799,996$8.0M+799,996—
Linden Advisors LP750,000$7.5M+750,000—
TWO SIGMA INVESTMENTS, LP632,853$6.3M+632,853—
Verition Fund Management LLC621,299$6.2M+621,299—
Shaolin Capital Management LLC600,000$6.0M+600,000—
Radcliffe Capital Management, L.P.532,201$5.3M+532,201—
Sculptor Capital LP500,000$5.0M+500,000—
DRIEHAUS CAPITAL MANAGEMENT LLC500,000$5.0M+500,000—
TENOR CAPITAL MANAGEMENT Co., L.P.500,000$5.0M+500,000—
Schonfeld Strategic Advisors LLC450,000$4.5M+450,000—
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS400,000$4.0M+400,000—
MOORE CAPITAL MANAGEMENT, LP400,000$4.0M+400,000—
Polar Asset Management Partners Inc.400,000$4.0M+400,000—
Lineage Point Capital LP400,000$4.0M+400,000—

New & Closed Positions this quarter

Closed Positions
0 managers exited
Top five by prior-quarter value

No managers exited their positions this quarter.

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 HVMCW 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.