Sable Offshore Corp. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50

SOC.WS

Market cap $738M

SOC.WS Hedge Fund Activity: Q2 2023 in Review

37 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Sable Offshore Corp. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 (SOC.WS) for Q2 2023, worth a combined $2.6M — down 70% from $8.82M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of SOC.WS and 2 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 4 added.

The largest buyer was Bluefin Capital Management, opening a new position worth an estimated $86.3K. The largest seller was Shaolin Capital Management, exiting entirely with an estimated $313K sold.

• 37 institutional investors held Sable Offshore Corp. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 (SOC.WS) as of Q2 2023, down from 38 in Q1 2023.
• Funds reported $2.6M of Sable Offshore Corp. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 stock for Q2 2023, down 70% quarter-over-quarter.
• 2 funds opened new Sable Offshore Corp. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 positions in Q2 2023 and 3 closed out, a net change of -1 holder.
• The largest Sable Offshore Corp. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 buyer in Q2 2023 was Bluefin Capital Management, an estimated $86.3K added.
• The largest Sable Offshore Corp. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 seller in Q2 2023 was Shaolin Capital Management, an estimated $313K sold.

Based on aggregated 13F filings for Q2 2023.