New Positions
1 managers initiated
Top five by reported value
- ABC ARBITRAGE SA$254.8K
LCCCU LCCCU
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 new6 added20 reduced1 exited
Total Institutional Holders
27
as of 2025-12-31
Top Holder
Westchester Capital Management, LLC
$7.0M
Largest QoQ Increase
RIVERNORTH CAPITAL MANAGEMENT, LLC
+100,000 sh
Largest QoQ Decrease
HEIGHTS CAPITAL MANAGEMENT, INC
-200,000 sh
New Positions(1)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| ABC ARBITRAGE SA | 25,000 | +25,000 | $254.8K | +$254.8K | — |
Added To(6)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 397,500 | +100,000 | $4.1M | +$1.1M | 33.6% |
| WOLVERINE ASSET MANAGEMENT LLC | 336,762 | +56,598 | $3.4M | +$607.6K | 20.2% |
| Shaolin Capital Management LLC | 401,232 | +51,132 | $4.1M | +$559.5K | 14.6% |
| BERKLEY W R CORP | 205,374 | +29,814 | $2.1M | +$323.1K | 17.0% |
| MIZUHO SECURITIES USA LLC | 306,697 | +22,837 | $3.1M | +$254.0K | 8.0% |
| MORGAN STANLEY | 32 | +6 | $326 | +$64 | 23.1% |
Reduced(20)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| HEIGHTS CAPITAL MANAGEMENT, INC | 200,000 | -200,000 | $2.0M | -$2.0M | -50.0% |
| Clear Street Group Inc. | 157,637 | -66,100 | $1.6M | -$648.9K | -29.5% |
| Westchester Capital Management, LLC | 689,436 | 0 | $7.0M | +$86.2K | 0.0% |
| Karpus Management, Inc. | 301,350 | -11,700 | $3.1M | -$84.8K | -3.7% |
| Hudson Bay Capital Management LP | 300,000 | 0 | $3.1M | +$37.5K | 0.0% |
| MANGROVE PARTNERS | 294,882 | 0 | $3.0M | +$32.4K | 0.0% |
| AQR Arbitrage LLC | 216,589 | 0 | $2.2M | +$27.1K | 0.0% |
| D. E. Shaw & Co., Inc. | 207,000 | 0 | $2.1M | +$25.9K | 0.0% |
| WHITEBOX ADVISORS LLC | 218,500 | 0 | $2.2M | +$24.0K | 0.0% |
| TWO SIGMA INVESTMENTS, LP | 217,499 | 0 | $2.2M | +$23.9K | 0.0% |
| ARISTEIA CAPITAL LLC | 200,000 | 0 | $2.0M | +$22.0K | 0.0% |
| Polar Asset Management Partners Inc. | 199,980 | -20 | $2.0M | +$21.8K | -0.0% |
| GABELLI & Co INVESTMENT ADVISERS, INC. | 113,900 | 0 | $1.2M | +$12.5K | 0.0% |
| CITADEL ADVISORS LLC | 14,712 | -1,409 | $150.2K | -$12.4K | -8.7% |
| Radcliffe Capital Management, L.P. | 100,052 | 0 | $1.0M | +$11.0K | 0.0% |
| TORONTO DOMINION BANK | 100,000 | 0 | $1.0M | +$11.0K | 0.0% |
| GABELLI FUNDS LLC | 86,100 | 0 | $877.4K | +$9.5K | 0.0% |
| GOLDMAN SACHS GROUP INC | 78,411 | 0 | $799.0K | +$8.6K | 0.0% |
| Robinson Capital Management, LLC | 15,000 | 0 | $153.2K | +$1.9K | 0.0% |
| GLAZER CAPITAL, LLC | 179,161 | -15,277 | $1.8K | -$134 | -7.8% |
Sold Out(1)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Crossingbridge Advisors, LLC | 0 | -21,937 | $0 | -$221.2K | — |
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 % |
|---|---|---|---|---|
| Westchester Capital Management, LLC | 689,436 | $7.0M | 0 | 0.0% |
| Shaolin Capital Management LLC | 401,232 | $4.1M | +51,132 | 14.6% |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 397,500 | $4.1M | +100,000 | 33.6% |
| WOLVERINE ASSET MANAGEMENT LLC | 336,762 | $3.4M | +56,598 | 20.2% |
| MIZUHO SECURITIES USA LLC | 306,697 | $3.1M | +22,837 | 8.0% |
| Karpus Management, Inc. | 301,350 | $3.1M | -11,700 | -3.7% |
| Hudson Bay Capital Management LP | 300,000 | $3.1M | 0 | 0.0% |
| MANGROVE PARTNERS | 294,882 | $3.0M | 0 | 0.0% |
| WHITEBOX ADVISORS LLC | 218,500 | $2.2M | 0 | 0.0% |
| TWO SIGMA INVESTMENTS, LP | 217,499 | $2.2M | 0 | 0.0% |
| AQR Arbitrage LLC | 216,589 | $2.2M | 0 | 0.0% |
| D. E. Shaw & Co., Inc. | 207,000 | $2.1M | 0 | 0.0% |
| BERKLEY W R CORP | 205,374 | $2.1M | +29,814 | 17.0% |
| HEIGHTS CAPITAL MANAGEMENT, INC | 200,000 | $2.0M | -200,000 | -50.0% |
| ARISTEIA CAPITAL LLC | 200,000 | $2.0M | 0 | 0.0% |
| Polar Asset Management Partners Inc. | 199,980 | $2.0M | -20 | -0.0% |
| Clear Street Group Inc. | 157,637 | $1.6M | -66,100 | -29.5% |
| GABELLI & Co INVESTMENT ADVISERS, INC. | 113,900 | $1.2M | 0 | 0.0% |
| Radcliffe Capital Management, L.P. | 100,052 | $1.0M | 0 | 0.0% |
| TORONTO DOMINION BANK | 100,000 | $1.0M | 0 | 0.0% |
New & Closed Positions this quarter
Closed Positions
1 managers exited
Top five by prior-quarter value
- Crossingbridge Advisors, LLC$221.2K
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 LCCCU 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.