Cohanzick Management LLC's Q4 2023 13F: 22 new positions, 17 exits
Form 13F-HR for the quarter ended Dec 31, 2023 · filed Feb 13, 2024 · 54 reported positions · accession 0001104659-24-018568
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | PARATEK PHARMACEUTICALS 4.75 5/1/2024 (PRTK 4.75 05/01/24) | 22.1% | — | −22.1 pts | −25.11M sh | −100% |
| Reduced | ENPHYS ACQUISITION CORP (NFYS) | 11.8% | 2.0% | −9.8 pts | −1.15M sh | −88% |
| New | FOSSIL GROUP INC 7 11/30/2026 (FOSLL) | — | 5.8% | +5.8 pts | +339K sh | new |
| Reduced | SCREAMING EAGLE ACQUISITN CORP CLASS A ORD SHS (SCRM) | 4.4% | 0.5% | −3.9 pts | −448K sh | −92% |
| Reduced | HAYMAKER ACQUISITION CORP IV CLASS A (HYAC) | 5.3% | 3.3% | −2.0 pts | −340K sh | −57% |
| New | AGRICULTURE & NATURAL SOLUTI (ANSCU) | — | 4.1% | +4.1 pts | +330K sh | new |
| New | RIGEL RESOURCE ACQ CORP (RRAC) | — | 4.0% | +4.0 pts | +300K sh | new |
| Increased | NABORS ENERGY TRANSITION CORP CL A (NETD) | 0.2% | 4.1% | +3.9 pts | +300K sh | +1500% |
| New | HORIZON SPACE ACQUSTN I CORP ORDINARY SHARES (HSPO) | — | 2.8% | +2.8 pts | +211K sh | new |
| Exited | PEARL HOLDINGS ACQUISITN CORP CLASS A ORD SHS (PRLH) | 2.8% | — | −2.8 pts | −299K sh | −100% |
| New | DENALI CAPITAL ACQUISITN CORP CLASS A ORD (DECA) | — | 2.6% | +2.6 pts | +190K sh | new |
| Exited | ISRAEL ACQUISITIONS CORP (ISRL) | 2.5% | — | −2.5 pts | −273K sh | −100% |
| Exited | MARS ACQUISITION CORP (MARX) | 2.4% | — | −2.4 pts | −259K sh | −100% |
| Increased | ARES ACQUISITION CORP II (KDKRW) | 1.2% | 3.9% | +2.7 pts | +175K sh | +133% |
| Exited | GLADSTONE LAND CORP 5 1/31/2026 (LANDM) | 2.0% | — | −2.0 pts | −95,462 sh | −100% |
| Exited | LEARN CW INVESTMENT CORP-A (LCW) | 1.9% | — | −1.9 pts | −209K sh | −100% |
| Increased | ESH ACQUISITION CORP (ESHA) | 1.3% | 3.8% | +2.5 pts | +151K sh | +100% |
| Exited | INFINITE ACQUISITION CORP (NFNT) | 1.6% | — | −1.6 pts | −174K sh | −100% |
| Reduced | TRAILBLAZER MERGER CORP I (TBMC) | 2.2% | 1.6% | −0.6 pts | −125K sh | −50% |
| Increased | SDCL EDGE ACQUISITION CORP (SEDA) | 1.0% | 2.8% | +1.8 pts | +100K sh | +88% |
| Reduced | VERIZON COMMUNICATIONS INC (VZ) | 2.8% | 3.1% | +0.2 pts | −30,000 sh | −30% |
| New | BAYVIEW ACQUISITION CORP (BAYAU) | — | 1.2% | +1.2 pts | +100K sh | new |
| New | GLOBAL LIGHTS ACQUISITION CO (GLACF) | — | 1.2% | +1.2 pts | +100K sh | new |
| New | SPARK I ACQUISITION CORP (SPKL) | — | 0.9% | +0.9 pts | +75,000 sh | new |
| Increased | ALCHEMY INVTS ACQUISITN CORP 1 SHS CL A (ALCYF) | 2.1% | 3.9% | +1.8 pts | +67,514 sh | +29% |
| Increased | INFLECTION PT ACQUISITN CRP II CL A ORD SHS (IPXX) | 2.2% | 3.9% | +1.7 pts | +60,000 sh | +24% |
| New | TLGY ACQUISITION CORPORATION CLASS A ORD SHS (TLGY) | — | 0.7% | +0.7 pts | +50,000 sh | new |
| New | IRON HORSE ACQUISITIONS CORP UNIT EXP 101528 (UCFIW) | — | 0.6% | +0.6 pts | +50,000 sh | new |
| Increased | TORTOISEECOFIN ACQUISITION CO SHS CL A (TRTL) | 2.6% | 4.2% | +1.6 pts | +37,993 sh | +13% |
| New | 99 ACQUISITION GROUP INC (NNAG) | — | 0.5% | +0.5 pts | +37,250 sh | new |
| New | CROSSINGBRIDGE PRE-MERGER SP (SPC) | — | 0.4% | +0.4 pts | +16,296 sh | new |
| New | QUETTA ACQUISITION CORP (QETA) | — | 0.4% | +0.4 pts | +29,000 sh | new |
| Exited | SPDR S&P 500 ETF TRUST EQUITY HEDGEFUND 0.0 (SPY) | 0.4% | — | −0.4 pts | −1,000 sh | −100% |
| Exited | 99 ACQUISITION GROUP INC (NNAG) | 0.3% | — | −0.3 pts | −37,250 sh | −100% |
| New | WARNER BROS DISCOVERY INC (WBD) | — | 0.3% | +0.3 pts | +20,000 sh | new |
| New | SCREAMING EAGLE ACQ -CLASS A WRNT 12/15/2027 (SCRMW) | — | 0.3% | +0.3 pts | +500K sh | new |
| Increased | BITCOIN DEPOT INC (BTMWQ) | 0.9% | 0.7% | −0.2 pts | +212K sh | +54% |
| Reduced | KEEN VISION ACQUISITION CORP SHS (KVAC) | 2.9% | 4.0% | +1.0 pts | −20,000 sh | −6% |
| New | AI TRANSN ACQUISITION CORP (AITRU) | — | 0.2% | +0.2 pts | +20,000 sh | new |
| Exited | ROBINSON ALT YLD PREMERG SP (SPAX) | 0.2% | — | −0.2 pts | −12,833 sh | −100% |
| New | LEAFLY HOLDINGS INC (LFLY) | — | 0.2% | +0.2 pts | +28,932 sh | new |
| Exited | AP ACQUISITION CORP (APCA) | 0.2% | — | −0.2 pts | −15,775 sh | −100% |
| New | UPHEALTH INC (UPHL) | — | 0.1% | +0.1 pts | +533K sh | new |
| Exited | INNOVATIVE INTL ACQUSITIN CORP CLASS A ORD (IOAC) | 0.1% | — | −0.1 pts | −8,966 sh | −100% |
| Exited | HAYMAKER ACQUISITION CORP 4 WRNT (HYACWS) | 0.0% | — | 0.0 pts | −175K sh | −100% |
| Reduced | DISTOKEN ACQUISITION CORP (DIST) | 0.9% | 1.3% | +0.4 pts | −3,008 sh | −3% |
| Exited | KORE GROUP HOLDINGS (KORE) | 0.0% | — | 0.0 pts | −55,185 sh | −100% |
| Reduced | PROSOMNUS INC WRNT 4/20/2028 (OSAAW) | 0.0% | 0.0% | 0.0 pts | −531K sh | −81% |
| Exited | NETWORK-1 TECHNOLOGIES INC (NTIP) | 0.0% | — | 0.0 pts | −9,000 sh | −100% |
| New | GLOBAL LIGHTS ACQUISITION CORP RT 111424 (GLACR) | — | 0.0% | 0.0 pts | +90,000 sh | new |
The 50 largest of 56 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 — 44.5% of the equity book
Changes in the top 10 this quarter: FOSLL entered · ANSCU entered · NETD entered · RRAC entered · IPXX entered · KDKRW entered · ALCYF entered · PRTK 4.75 05/01/24 left · NFYS left · HYAC left · SCRM left · VZ left · PRLH left · RENEF left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | CTO REALTY GROWTH INC (CTO) | 4.7% | 6.6% | |
| 2 | FOSSIL GROUP INC 7 11/30/2026 (FOSLL) | 0.0% | 5.8% | Entered the top 10 |
| 3 | TORTOISEECOFIN ACQUISITION CO SHS CL A (TRTL) | 2.6% | 4.2% | |
| 4 | AGRICULTURE & NATURAL SOLUTI (ANSCU) | 0.0% | 4.1% | Entered the top 10 |
| 5 | NABORS ENERGY TRANSITION CORP CL A (NETD) | 0.2% | 4.1% | Entered the top 10 |
| 6 | RIGEL RESOURCE ACQ CORP (RRAC) | 0.0% | 4.0% | Entered the top 10 |
| 7 | KEEN VISION ACQUISITION CORP SHS (KVAC) | 2.9% | 4.0% | |
| 8 | INFLECTION PT ACQUISITN CRP II CL A ORD SHS (IPXX) | 2.2% | 3.9% | Entered the top 10 |
| 9 | ARES ACQUISITION CORP II (KDKRW) | 1.2% | 3.9% | Entered the top 10 |
| 10 | ALCHEMY INVTS ACQUISITN CORP 1 SHS CL A (ALCYF) | 2.1% | 3.9% | Entered the top 10 |
| — | PARATEK PHARMACEUTICALS 4.75 5/1/2024 (PRTK 4.75 05/01/24) | 22.1% | 0.0% | Left the top 10 |
| — | ENPHYS ACQUISITION CORP (NFYS) | 11.8% | 2.0% | Left the top 10 |
| — | HAYMAKER ACQUISITION CORP IV CLASS A (HYAC) | 5.3% | 3.3% | Left the top 10 |
| — | SCREAMING EAGLE ACQUISITN CORP CLASS A ORD SHS (SCRM) | 4.4% | 0.5% | Left the top 10 |
| — | VERIZON COMMUNICATIONS INC (VZ) | 2.8% | 3.1% | Left the top 10 |
| — | PEARL HOLDINGS ACQUISITN CORP CLASS A ORD SHS (PRLH) | 2.8% | 0.0% | Left the top 10 |
| — | CARTESIAN GROWTH CORP II (RENEF) | 2.6% | 3.8% | 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 |
|---|---|---|---|---|---|
| Exited | December 23 Puts on HYG US 73 12/15/2023 (RTL) | Put | 990 | 0 | $0 |