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: Q3 2023 in Review

39 of the 6,301 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 Q3 2023, worth a combined $7.31M — up 181% from $2.6M a quarter earlier.

Buyers outnumbered sellers: 3 funds opened new SOC.WS positions and 1 closed out — a net gain of 2 holders — while 3 added to existing stakes and 5 trimmed.

The largest buyer was Shaolin Capital Management, opening a new position worth an estimated $413K. The largest seller was K2 Principal Fund, cutting an estimated $62.1K.

• 39 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 Q3 2023, up from 37 in Q2 2023.
• Funds reported $7.31M of Sable Offshore Corp. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 stock for Q3 2023, up 181% quarter-over-quarter.
• 3 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 Q3 2023 and 1 closed out, a net change of +2 holders.
• 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 Q3 2023 was Shaolin Capital Management, an estimated $413K 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 Q3 2023 was K2 Principal Fund, an estimated $62.1K sold.

Based on aggregated 13F filings for Q3 2023.