New Positions
3 managers initiated
Top five by reported value
NOEMW NOEMW
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 new6 added17 reduced3 exited
Total Institutional Holders
26
as of 2025-12-31
Top Holder
MIZUHO SECURITIES USA LLC
$8.5M
Largest QoQ Increase
TORONTO DOMINION BANK
+189,784 sh
Largest QoQ Decrease
Weiss Asset Management LP
-192,411 sh
New Positions(3)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| L1 Global Manager Pty Ltd | 140,000 | +140,000 | $1.4M | +$1.4M | — |
| METEORA CAPITAL, LLC | 2 | +2 | $21 | +$21 | — |
| UBS Group AG | 2 | +2 | $21 | +$21 | — |
Added To(6)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| TORONTO DOMINION BANK | 511,082 | +189,784 | $5.3M | +$2.0M | 59.1% |
| Karpus Management, Inc. | 780,246 | +42,775 | $8.0M | +$536.0K | 5.8% |
| WOLVERINE ASSET MANAGEMENT LLC | 72,779 | +17,196 | $748.9K | +$181.9K | 30.9% |
| Clear Street Group Inc. | 21,139 | +10,381 | $217.5K | +$107.8K | 96.5% |
| Dakota Wealth Management | 28,550 | +3,000 | $293.8K | +$34.2K | 11.7% |
| MORGAN STANLEY | 49 | +6 | $504 | +$67 | 13.9% |
Reduced(17)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| HEIGHTS CAPITAL MANAGEMENT, INC | 40,000 | -40,000 | $411.6K | -$404.4K | -50.0% |
| MIZUHO SECURITIES USA LLC | 840,729 | 0 | $8.5M | +$108.8K | 0.0% |
| AQR Arbitrage LLC | 585,000 | 0 | $6.0M | +$76.0K | 0.0% |
| MMCAP International Inc. SPC | 590,000 | 0 | $6.1M | +$53.1K | 0.0% |
| ARISTEIA CAPITAL LLC | 578,096 | 0 | $5.9M | +$52.0K | 0.0% |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 427,643 | -397 | $4.4M | +$51.6K | -0.1% |
| Westchester Capital Management, LLC | 331,013 | 0 | $3.4M | +$43.0K | 0.0% |
| Hudson Bay Capital Management LP | 290,000 | 0 | $3.0M | +$40.6K | 0.0% |
| D. E. Shaw & Co., Inc. | 280,000 | 0 | $2.9M | +$39.2K | 0.0% |
| WHITEBOX ADVISORS LLC | 390,000 | 0 | $4.0M | +$35.1K | 0.0% |
| TWO SIGMA INVESTMENTS, LP | 217,499 | 0 | $2.2M | +$28.3K | 0.0% |
| Polar Asset Management Partners Inc. | 290,000 | 0 | $3.0M | +$26.1K | 0.0% |
| MANGROVE PARTNERS | 289,300 | -700 | $3.0M | +$18.9K | -0.2% |
| Centiva Capital, LP | 40,000 | 0 | $411.6K | +$5.6K | 0.0% |
| Radcliffe Capital Management, L.P. | 30,291 | 0 | $311.7K | +$3.3K | 0.0% |
| Robinson Capital Management, LLC | 15,250 | 0 | $156.9K | +$2.0K | 0.0% |
| FLOW TRADERS U.S. LLC | 13,802 | -1,027 | $142 | -$9 | -6.9% |
Sold Out(3)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Weiss Asset Management LP | 0 | -192,411 | $0 | -$2.0M | — |
| BERKLEY W R CORP | 0 | -59,823 | $0 | -$607.8K | — |
| DLD Asset Management, LP | 0 | -137,123 | $0 | -$23.2K | — |
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 % |
|---|---|---|---|---|
| MIZUHO SECURITIES USA LLC | 840,729 | $8.5M | 0 | 0.0% |
| Karpus Management, Inc. | 780,246 | $8.0M | +42,775 | 5.8% |
| MMCAP International Inc. SPC | 590,000 | $6.1M | 0 | 0.0% |
| AQR Arbitrage LLC | 585,000 | $6.0M | 0 | 0.0% |
| ARISTEIA CAPITAL LLC | 578,096 | $5.9M | 0 | 0.0% |
| TORONTO DOMINION BANK | 511,082 | $5.3M | +189,784 | 59.1% |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 427,643 | $4.4M | -397 | -0.1% |
| WHITEBOX ADVISORS LLC | 390,000 | $4.0M | 0 | 0.0% |
| Westchester Capital Management, LLC | 331,013 | $3.4M | 0 | 0.0% |
| Polar Asset Management Partners Inc. | 290,000 | $3.0M | 0 | 0.0% |
| Hudson Bay Capital Management LP | 290,000 | $3.0M | 0 | 0.0% |
| MANGROVE PARTNERS | 289,300 | $3.0M | -700 | -0.2% |
| D. E. Shaw & Co., Inc. | 280,000 | $2.9M | 0 | 0.0% |
| TWO SIGMA INVESTMENTS, LP | 217,499 | $2.2M | 0 | 0.0% |
| L1 Global Manager Pty Ltd | 140,000 | $1.4M | +140,000 | — |
| WOLVERINE ASSET MANAGEMENT LLC | 72,779 | $748.9K | +17,196 | 30.9% |
| Centiva Capital, LP | 40,000 | $411.6K | 0 | 0.0% |
| HEIGHTS CAPITAL MANAGEMENT, INC | 40,000 | $411.6K | -40,000 | -50.0% |
| Radcliffe Capital Management, L.P. | 30,291 | $311.7K | 0 | 0.0% |
| Dakota Wealth Management | 28,550 | $293.8K | +3,000 | 11.7% |
New & Closed Positions this quarter
Closed Positions
3 managers exited
Top five by prior-quarter value
- Weiss Asset Management LP$2.0M
- BERKLEY W R CORP$607.8K
- DLD Asset Management, LP$23.2K
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 NOEMW 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.