Cohanzick Management LLC's Q3 2023 13F: 18 new positions, 30 exits
Form 13F-HR for the quarter ended Sep 30, 2023 · filed Nov 14, 2023 · 48 reported positions · accession 0001104659-23-117806
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| New | PARATEK PHARMACEUTICALS 4.75 5/1/2024 (PRTK 4.75 05/01/24) | — | 22.1% | +22.1 pts | +25.11M sh | new |
| Increased | ENPHYS ACQUISITION CORP (NFYS) | 2.3% | 11.8% | +9.5 pts | +1.1M sh | +555% |
| Exited | GSR II METEORA ACQUISIT-CL A (GSRM) | 6.0% | — | −6.0 pts | −523K sh | −100% |
| New | HAYMAKER ACQUISITION CORP IV CLASS A (HYAC) | — | 5.3% | +5.3 pts | +600K sh | new |
| Reduced | ROBINSON ALT YLD PREMERG SP (SPAX) | 6.5% | 0.2% | −6.3 pts | −276K sh | −96% |
| Exited | M3 BRIGADE ACQUISITION III (MBSC) | 4.3% | — | −4.3 pts | −370K sh | −100% |
| Exited | PORTAGE FINTECH ACQUISITIO-A (PFTA) | 3.9% | — | −3.9 pts | −340K sh | −100% |
| Exited | ELLIOTT OPPORTUNITY II COR-A (EOCW) | 3.5% | — | −3.5 pts | −301K sh | −100% |
| New | KEEN VISION ACQUISITION CORP (KVAC) | — | 2.9% | +2.9 pts | +332K sh | new |
| Exited | BUKIT JALIL GBL ACQUISITION 1 UNIT EX 050229 (BUJAU) | 2.8% | — | −2.8 pts | −250K sh | −100% |
| Exited | WAVERLEY CAPITAL ACQUISITI-A (WAVC) | 2.8% | — | −2.8 pts | −240K sh | −100% |
| Exited | ALCHEMY INVTS ACQUISITN CORP 1 UNIT EX 113027 (ALCYU) | 2.7% | — | −2.7 pts | −236K sh | −100% |
| Increased | PEARL HOLDINGS ACQUISITN CORP CLASS A ORD SHS (PRLH) | 0.2% | 2.8% | +2.6 pts | +281K sh | +1607% |
| Increased | VERIZON COMMUNICATIONS INC (VZ) | 0.4% | 2.8% | +2.4 pts | +90,000 sh | +900% |
| New | BOWEN ACQUISITION CORP (BOWN) | — | 2.5% | +2.5 pts | +281K sh | new |
| New | BUKIT JALIL GBL ACQUISITION 1 ORD SHS (BUJA) | — | 2.2% | +2.2 pts | +250K sh | new |
| New | INFLECTION PT ACQUISITN CRP II CL A ORD SHS (IPXX) | — | 2.2% | +2.2 pts | +250K sh | new |
| Exited | GENERATION ASIA I ACQUISITION (GAQ) | 2.2% | — | −2.2 pts | −185K sh | −100% |
| Exited | JAGUAR GLOBAL GROWTH CORP I (JGGC) | 2.1% | — | −2.1 pts | −181K sh | −100% |
| New | ALCHEMY INVTS ACQUISITN CORP 1 SHS CL A (ALCYF) | — | 2.1% | +2.1 pts | +236K sh | new |
| New | GLADSTONE LAND CORP 5 1/31/2026 (LANDM) | — | 2.0% | +2.0 pts | +95,462 sh | new |
| Exited | ARYA SCIENCES ACQUISITN CORP V (ARYE) | 1.9% | — | −1.9 pts | −165K sh | −100% |
| Exited | ESH ACQUISITION CORP (ESHAU) | 1.7% | — | −1.7 pts | −150K sh | −100% |
| Exited | INFLECTION PT ACQUISITN CRP II UNIT EX 082931 (IPXXU) | 1.7% | — | −1.7 pts | −150K sh | −100% |
| New | ESH ACQUISITION CORP (ESHA) | — | 1.3% | +1.3 pts | +150K sh | new |
| New | ARES ACQUISITION CORP II (KDKRW) | — | 1.2% | +1.2 pts | +131K sh | new |
| Exited | GOLDEN STAR ACQUISITION CORP UNITS (GODNU) | 1.2% | — | −1.2 pts | −100K sh | −100% |
| Exited | CARTICA ACQUISITION CORP (CITE) | 1.0% | — | −1.0 pts | −87,727 sh | −100% |
| Exited | BIOTE CORP (BTMD) | 0.9% | — | −0.9 pts | −152K sh | −100% |
| New | GOLDEN STAR ACQUISITION CORP USD ORD SHS (GODN) | — | 0.9% | +0.9 pts | +100K sh | new |
| New | BITCOIN DEPOT INC (BTMWQ) | — | 0.9% | +0.9 pts | +390K sh | new |
| Reduced | ISRAEL ACQUISITIONS CORP (ISRL) | 4.3% | 2.5% | −1.8 pts | −97,026 sh | −26% |
| Reduced | CTO REALTY GROWTH INC (CTO) | 7.0% | 4.7% | −2.3 pts | −57,922 sh | −15% |
| Exited | ARES ACQUISITION CORP II (AACTU) | 0.6% | — | −0.6 pts | −50,000 sh | −100% |
| Increased | SCREAMING EAGLE ACQUISITN CORP CLASS A ORD SHS (SCRM) | 5.0% | 4.4% | −0.6 pts | +50,000 sh | +11% |
| Reduced | INFINITE ACQUISITION CORP (NFNT) | 2.6% | 1.6% | −0.9 pts | −45,000 sh | −21% |
| Exited | PROSOMNUS HOLDINGS, INC. | 0.4% | — | −0.4 pts | −151K sh | −100% |
| New | SPDR S&P 500 ETF TRUST EQUITY HEDGEFUND 0.0 (SPY) | — | 0.4% | +0.4 pts | +1,000 sh | new |
| New | 99 ACQUISITION GROUP INC (NNAG) | — | 0.3% | +0.3 pts | +37,250 sh | new |
| Exited | JPMORGAN ULTRA-SHORT INCOME (JPST) | 0.3% | — | −0.3 pts | −256K sh | −100% |
| Exited | CONSILIUM ACQUISITN CORP I LTD (CSLM) | 0.2% | — | −0.2 pts | −17,426 sh | −100% |
| New | NABORS ENERGY TRANSITION CORP CL A (NETD) | — | 0.2% | +0.2 pts | +20,000 sh | new |
| Reduced | SOUTHLAND HOLDINGS INC (SLND) | 1.0% | 0.6% | −0.4 pts | −33,443 sh | −24% |
| Exited | PROSOMNUS HOLDINGS, INC. WARRANTS | 0.1% | — | −0.1 pts | −654K sh | −100% |
| Exited | 1-800-FLOWERS.COM INC-CL A (FLWS) | 0.1% | — | −0.1 pts | −6,000 sh | −100% |
| New | HAYMAKER ACQUISITION CORP 4 WRNT (HYACWS) | — | 0.0% | 0.0 pts | +175K sh | new |
| New | PROSOMNUS INC WRNT 4/20/2028 (OSAAW) | — | 0.0% | 0.0 pts | +654K sh | new |
| Exited | GOGREEN INVESTMENTS CORP (GOGN) | 0.0% | — | 0.0 pts | −2,883 sh | −100% |
| Reduced | KORE GROUP HOLDINGS (KORE) | 0.1% | 0.0% | −0.1 pts | −48,240 sh | −47% |
| Exited | Broad Capital Acq - RIGHT (BRACR) | 0.0% | — | 0.0 pts | −100K sh | −100% |
The 50 largest of 60 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 62.1% of the equity book
Changes in the top 10 this quarter: PRTK 4.75 05/01/24 entered · NFYS entered · HYAC entered · KVAC entered · VZ entered · PRLH entered · SPAX left · GSRM left · ISRL left · MBSC left · PFTA left · EOCW left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | PARATEK PHARMACEUTICALS 4.75 5/1/2024 (PRTK 4.75 05/01/24) | 0.0% | 22.1% | Entered the top 10 |
| 2 | ENPHYS ACQUISITION CORP (NFYS) | 2.3% | 11.8% | Entered the top 10 |
| 3 | HAYMAKER ACQUISITION CORP IV CLASS A (HYAC) | 0.0% | 5.3% | Entered the top 10 |
| 4 | CTO REALTY GROWTH INC (CTO) | 7.0% | 4.7% | |
| 5 | SCREAMING EAGLE ACQUISITN CORP CLASS A ORD SHS (SCRM) | 5.0% | 4.4% | |
| 6 | KEEN VISION ACQUISITION CORP (KVAC) | 0.0% | 2.9% | Entered the top 10 |
| 7 | VERIZON COMMUNICATIONS INC (VZ) | 0.4% | 2.8% | Entered the top 10 |
| 8 | PEARL HOLDINGS ACQUISITN CORP CLASS A ORD SHS (PRLH) | 0.2% | 2.8% | Entered the top 10 |
| 9 | CARTESIAN GROWTH CORP II (RENEF) | 3.3% | 2.6% | |
| 10 | TORTOISEECOFIN ACQUISITION CO SHS CL A (TRTL) | 3.3% | 2.6% | |
| — | ROBINSON ALT YLD PREMERG SP (SPAX) | 6.5% | 0.2% | Left the top 10 |
| — | GSR II METEORA ACQUISIT-CL A (GSRM) | 6.0% | 0.0% | Left the top 10 |
| — | ISRAEL ACQUISITIONS CORP (ISRL) | 4.3% | 2.5% | Left the top 10 |
| — | M3 BRIGADE ACQUISITION III (MBSC) | 4.3% | 0.0% | Left the top 10 |
| — | PORTAGE FINTECH ACQUISITIO-A (PFTA) | 3.9% | 0.0% | Left the top 10 |
| — | ELLIOTT OPPORTUNITY II COR-A (EOCW) | 3.5% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| New | December 23 Puts on HYG US 73 12/15/2023 (RTL) | Put | 0 | 990 | $120K |
| Exited | November 23 Calls on MKTW US 2.5 11/17/2023 (MKTW) | Call | 250 | 0 | $0 |