New Positions
9 managers initiated
Top five by reported value
RSVRW RSVRW
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
9 new22 added39 reduced11 exited
Total Institutional Holders
69
as of 2025-12-31
Top Holder
Irenic Capital Management LP
$45.3M
Largest QoQ Increase
Mill Road Capital Management LLC
+697,686 sh
Largest QoQ Decrease
Richmond Hill Investments, LLC
-14,250,337 sh
New Positions(9)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Gruss & Co., LLC | 265,000 | +265,000 | $2.0M | +$2.0M | — |
| 683 Capital Management, LLC | 156,954 | +156,954 | $1.2M | +$1.2M | — |
| Torren Management, LLC | 472 | +472 | $3.6K | +$3.6K | — |
| UBS ASSET MANAGEMENT AMERICAS INC | 295 | +295 | $2.2K | +$2.2K | — |
| SageView Advisory Group, LLC | 26 | +26 | $197 | +$197 | — |
| SBI Securities Co., Ltd. | 3 | +3 | $23 | +$23 | — |
| Allworth Financial LP | 2 | +2 | $16 | +$16 | — |
| EverSource Wealth Advisors, LLC | 2 | +2 | $15 | +$15 | — |
| ROTHSCHILD INVESTMENT LLC | 1 | +1 | $8 | +$8 | — |
Added To(22)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Mill Road Capital Management LLC | 1,025,432 | +697,686 | $7.8M | +$5.1M | 212.9% |
| CITADEL ADVISORS LLC | 680,600 | +473,853 | $5.2M | +$3.5M | 229.2% |
| Irenic Capital Management LP | 5,986,176 | +316,505 | $45.3M | -$835.8K | 5.6% |
| Russell Investments Group, Ltd. | 576,776 | +95,917 | $4.4M | +$452.0K | 19.9% |
| GEODE CAPITAL MANAGEMENT, LLC | 644,839 | +3,759 | $4.9M | -$337.2K | 0.6% |
| VANGUARD GROUP INC | 689,386 | +9,315 | $5.2M | -$317.1K | 1.4% |
| Bank of New York Mellon Corp | 70,242 | +20,030 | $531.7K | +$123.0K | 39.9% |
| GOLDMAN SACHS GROUP INC | 137,946 | +22,674 | $1.0M | +$105.9K | 19.7% |
| DIMENSIONAL FUND ADVISORS LP | 1,072,817 | +63,127 | $8.1M | -$97.0K | 6.3% |
| WELLS FARGO & COMPANY/MN | 22,780 | +7,421 | $172.4K | +$47.4K | 48.3% |
| MORGAN STANLEY | 105,187 | +13,163 | $796.3K | +$47.2K | 14.3% |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 67,219 | +405 | $508.8K | -$35.0K | 0.6% |
| Boston Partners | 91,492 | +2,248 | $692.6K | -$33.9K | 2.5% |
| BANK OF AMERICA CORP /DE/ | 57,043 | +5,865 | $431.8K | +$15.2K | 11.5% |
| Invesco Ltd. | 13,446 | +2,433 | $101.8K | +$12.1K | 22.1% |
| Inspire Investing, LLC | 62,494 | +5,842 | $473.1K | +$11.9K | 10.3% |
| GABELLI FUNDS LLC | 28,500 | +1,000 | $215.7K | -$8.1K | 3.6% |
| FMR LLC | 1,351 | +839 | $10.2K | +$6.1K | 163.9% |
| ADVISOR GROUP HOLDINGS, INC. | 1,900 | +800 | $14.4K | +$5.4K | 72.7% |
| CITIGROUP INC | 731 | +180 | $5.5K | +$1.0K | 32.7% |
| NISA INVESTMENT ADVISORS, LLC | 88 | +15 | $666 | +$72 | 20.5% |
| CWM, LLC | 664 | +270 | $5 | +$2 | 68.5% |
Reduced(39)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| FEDERATED HERMES, INC. | 1,269,600 | -625,011 | $9.6M | -$5.8M | -33.0% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 123,717 | -343,471 | $936.5K | -$2.9M | -73.5% |
| AWM Investment Company, Inc. | 551,594 | -295,964 | $4.2M | -$2.7M | -34.9% |
| BlackRock, Inc. | 1,374,782 | -5,766 | $10.4M | -$830.6K | -0.4% |
| Nantahala Capital Management, LLC | 940,960 | -10,000 | $7.1M | -$617.7K | -1.1% |
| JANE STREET GROUP, LLC | 113,300 | -45,635 | $857.7K | -$436.1K | -28.7% |
| STATE STREET CORP | 392,490 | -3,178 | $3.0M | -$249.6K | -0.8% |
| Royal Bank of Canada | 3,053 | -30,819 | $22.0K | -$237.0K | -91.0% |
| First Pacific Advisors, LP | 329,066 | 0 | $2.5M | -$187.6K | 0.0% |
| JPMORGAN CHASE & CO | 27,603 | -19,774 | $209.0K | -$176.7K | -41.7% |
| BARCLAYS PLC | 114,743 | -14,683 | $880.1K | -$173.4K | -11.3% |
| NORTHERN TRUST CORP | 186,982 | -3,360 | $1.4M | -$133.9K | -1.8% |
| Schonfeld Strategic Advisors LLC | 167,234 | 0 | $1.3M | -$95.3K | 0.0% |
| Hurley Capital, LLC | 156,893 | 0 | $1.2M | -$89.4K | 0.0% |
| BNP PARIBAS ARBITRAGE, SNC | 10,166 | -7,078 | $77.0K | -$63.4K | -41.0% |
| Weiss Asset Management LP | 96,074 | 0 | $727.3K | -$54.8K | 0.0% |
| RHUMBLINE ADVISERS | 27,332 | -3,549 | $206.9K | -$44.5K | -11.5% |
| North Star Investment Management Corp. | 39,000 | 0 | $295.2K | -$22.2K | 0.0% |
| Nuveen, LLC | 37,213 | 0 | $281.7K | -$21.2K | 0.0% |
| E&G Advisors, LP | 24,600 | -400 | $186.2K | -$17.3K | -1.6% |
| ALLIANCEBERNSTEIN L.P. | 15,180 | 0 | $114.9K | -$8.7K | 0.0% |
| MetLife Investment Management, LLC | 12,806 | 0 | $96.9K | -$7.3K | 0.0% |
| Meridian Wealth Advisors, LLC | 10,000 | 0 | $75.7K | -$5.7K | 0.0% |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 9,438 | -11 | $71.4K | -$5.5K | -0.1% |
| UBS Group AG | 7,731 | -118 | $58.5K | -$5.4K | -1.5% |
| NEW YORK STATE COMMON RETIREMENT FUND | 7,368 | 0 | $55.8K | -$4.2K | 0.0% |
| Tower Research Capital LLC (TRC) | 1,281 | -356 | $9.7K | -$3.6K | -21.7% |
| Police & Firemen's Retirement System of New Jersey | 4,396 | 0 | $33.3K | -$2.5K | 0.0% |
| Sterling Capital Management LLC | 1,090 | -206 | $8.3K | -$2.3K | -15.9% |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | 1,240 | -172 | $9.4K | -$2.1K | -12.2% |
| Legal & General Group Plc | 1,743 | 0 | $13.2K | -$993 | 0.0% |
| Ameritas Investment Partners, Inc. | 1,534 | 0 | $11.6K | -$875 | 0.0% |
| Optiver Holding B.V. | 294 | 0 | $2.2K | -$171 | 0.0% |
| IFP Advisors, Inc | 0 | 0 | $56 | +$56 | — |
| GAMMA Investing LLC | 82 | 0 | $621 | -$46 | 0.0% |
| PRICE T ROWE ASSOCIATES INC /MD/ | 10,121 | 0 | $77 | -$6 | 0.0% |
| True Wealth Design, LLC | 5 | 0 | $38 | -$3 | 0.0% |
| AMALGAMATED BANK | 640 | -70 | $5 | -$1 | -9.8% |
| Covestor Ltd | 230 | -58 | $2 | $0 | -20.1% |
Sold Out(11)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| Richmond Hill Investments, LLC | 0 | -14,250,337 | $0 | -$116.0M | — |
| SANDERS MORRIS HARRIS LLC | 0 | -450,000 | $0 | -$3.7M | — |
| HSBC HOLDINGS PLC | 0 | -56,465 | $0 | -$445.5K | — |
| EXCHANGE TRADED CONCEPTS, LLC | 0 | -47,299 | $0 | -$385.0K | — |
| Squarepoint Ops LLC | 0 | -20,831 | $0 | -$169.6K | — |
| DEUTSCHE BANK AG\ | 0 | -10,678 | $0 | -$86.9K | — |
| INTECH INVESTMENT MANAGEMENT LLC | 0 | -10,009 | $0 | -$81.5K | — |
| GSA CAPITAL PARTNERS LLP | 0 | -38,940 | $0 | -$317 | — |
| SRS Capital Advisors, Inc. | 0 | -33 | $0 | -$268 | — |
| SIMPLEX TRADING, LLC | 0 | -30,624 | $0 | -$249 | — |
| State of Alaska, Department of Revenue | 0 | -2,082 | $0 | -$16 | — |
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 % |
|---|---|---|---|---|
| Irenic Capital Management LP | 5,986,176 | $45.3M | +316,505 | 5.6% |
| BlackRock, Inc. | 1,374,782 | $10.4M | -5,766 | -0.4% |
| FEDERATED HERMES, INC. | 1,269,600 | $9.6M | -625,011 | -33.0% |
| DIMENSIONAL FUND ADVISORS LP | 1,072,817 | $8.1M | +63,127 | 6.3% |
| Mill Road Capital Management LLC | 1,025,432 | $7.8M | +697,686 | 212.9% |
| Nantahala Capital Management, LLC | 940,960 | $7.1M | -10,000 | -1.1% |
| VANGUARD GROUP INC | 689,386 | $5.2M | +9,315 | 1.4% |
| CITADEL ADVISORS LLC | 680,600 | $5.2M | +473,853 | 229.2% |
| GEODE CAPITAL MANAGEMENT, LLC | 644,839 | $4.9M | +3,759 | 0.6% |
| Russell Investments Group, Ltd. | 576,776 | $4.4M | +95,917 | 19.9% |
| AWM Investment Company, Inc. | 551,594 | $4.2M | -295,964 | -34.9% |
| STATE STREET CORP | 392,490 | $3.0M | -3,178 | -0.8% |
| First Pacific Advisors, LP | 329,066 | $2.5M | 0 | 0.0% |
| Gruss & Co., LLC | 265,000 | $2.0M | +265,000 | — |
| NORTHERN TRUST CORP | 186,982 | $1.4M | -3,360 | -1.8% |
| Schonfeld Strategic Advisors LLC | 167,234 | $1.3M | 0 | 0.0% |
| 683 Capital Management, LLC | 156,954 | $1.2M | +156,954 | — |
| Hurley Capital, LLC | 156,893 | $1.2M | 0 | 0.0% |
| GOLDMAN SACHS GROUP INC | 137,946 | $1.0M | +22,674 | 19.7% |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | 123,717 | $936.5K | -343,471 | -73.5% |
New & Closed Positions this quarter
Closed Positions
11 managers exited
Top five by prior-quarter value
- Richmond Hill Investments, LLC$116.0M
- SANDERS MORRIS HARRIS LLC$3.7M
- HSBC HOLDINGS PLC$445.5K
- EXCHANGE TRADED CONCEPTS, LLC$385.0K
- Squarepoint Ops LLC$169.6K
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 RSVRW 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.