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: Q4 2023 in Review

36 of the 6,859 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 Q4 2023, worth a combined $15.1M — up 107% from $7.31M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of SOC.WS and 3 opened new positions — a net loss of 2 holders — while 12 trimmed existing stakes and 4 added.

The largest buyer was Cowen and Company, adding an estimated $495K. The largest seller was Adage Capital Partners, cutting an estimated $698K.

• 36 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 Q4 2023, down from 39 in Q3 2023.
• Funds reported $15.1M of Sable Offshore Corp. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 stock for Q4 2023, up 107% 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 Q4 2023 and 5 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 Q4 2023 was Cowen and Company, an estimated $495K 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 Q4 2023 was Adage Capital Partners, an estimated $698K sold.

Based on aggregated 13F filings for Q4 2023.