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Livermore
Livermore
ZHEN

Dryden Capital, LLC

SEC CIK
0001756488
Latest filing
Aug 14, 2024

The latest 13F from Dryden Capital, LLC covers Q2 2024 (filed Aug 14, 2024): 30 long positions worth $58.9M. The top 10 holdings make up 96.0% of the portfolio, and the largest is Fold Holdings, Inc. (FLD) at 18.2%. Livermore has 11 filings on Form 13F from this institution, going back to Q4 2021.

What changed in Q2 2024

Share counts compared with Q1 2024: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
3
Est. +$3.75M
Added
6
Est. +$2.45M
Reduced
6
Est. −$14.3M
Sold out
1
Est. −$834.6K

Top 5 holdings

Share of this quarter's portfolio value

  1. FLDFold Holdings, Inc.
    18.2%$10.7MHistory
  2. IVCBInvest Acquisition Corp
    16.2%$9.53MHistory
  3. FISFidelity National Information Services, Inc.
    12.9%$7.58MHistory
  4. HYACHaymaker Acquisition Corp V
    12.8%$7.52MHistory
  5. Kodiak AI, Inc.G33033104
    12.1%$7.15M

Biggest buys

New and added positions, by estimated amount bought

  1. GPATUGP-Act III Acquisition Corp.
    +$3.01MNewHistory
  2. WMPNWilliam Penn Bancorporation
    +$2.29MAddedHistory
  3. WTWWillis Towers Watson PLC
    +$524.3KNewHistory
  4. AVTRAvantor, Inc.
    +$212.0KNewHistory
  5. Haymaker Acquisition Corp IVG4375F116
    +$43.8KAdded

Largest weight increases

New and added positions, by percentage points of the portfolio gained

  1. GPATUGP-Act III Acquisition Corp.
    +5.11 pp0.0% → 5.1%History
  2. WMPNWilliam Penn Bancorporation
    +3.92 pp0.5% → 4.4%History
  3. WTWWillis Towers Watson PLC
    +0.89 pp0.0% → 0.9%History
  4. AVTRAvantor, Inc.
    +0.36 pp0.0% → 0.4%History
  5. Haymaker Acquisition Corp IVG4375F116
    +0.08 pp0.1% → 0.2%

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. SVIISpring Valley Acquisition Corp. II
    −$3.78MReducedHistory
  2. Kodiak AI, Inc.G33033104
    −$3.73MReduced
  3. Agriculture & Nat Sol Acq CoG0131Y100
    −$3.69MReduced
  4. HYACHaymaker Acquisition Corp V
    −$2.73MReducedHistory
  5. PFTAPerception Capital Corp. III
    −$834.6KSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. SVIISpring Valley Acquisition Corp. II
    −4.64 pp10.9% → 6.2%History
  2. Agriculture & Nat Sol Acq CoG0131Y100
    −4.50 pp11.0% → 6.5%
  3. Kodiak AI, Inc.G33033104
    −3.78 pp15.9% → 12.1%
  4. HYACHaymaker Acquisition Corp V
    −2.23 pp15.0% → 12.8%History
  5. PFTAPerception Capital Corp. III
    −1.23 pp1.2% → 0.0%History

Metrics

13F metrics for Q2 2024, computed only from the numbers in the filings. Definitions below.

Portfolio value
$58.9M
−$8.83M (−13.0%) vs. prior quarter
Positions
30
+2 vs. prior quarter
Top 10 concentration
96.0%
Top 10 as share of value
Turnover
9.8%
Q2 2024, one quarter
Average holding period
5.8 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q4 2021), so positions held before then are understated.

13F filings by quarter

11 quarters, going back to Q4 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $161.3M (Q1 2022)

Q4 2021: $139.9MQ1 2022: $161.3MQ2 2022: $151.1MQ3 2022: $126.1MQ4 2022: $75.6MQ1 2023: $75.8MQ2 2023: $70.7MQ3 2023: $60.3MQ4 2023: $71.7MQ1 2024: $67.7MQ2 2024: $58.9M
Q4 2021Q2 2024
13F filings of Dryden Capital, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q2 2024Aug 14, 202430$58.9MFLDIVCBFISvs. Q1 2024SEC
Q1 2024May 15, 202428$67.7MKodiak AI, Inc.FLDHYACvs. Q4 2023SEC
Q4 2023Feb 13, 202430$71.7MKodiak AI, Inc.HYACIVCBvs. Q3 2023SEC
Q3 2023Nov 14, 202331$60.3MKodiak AI, Inc.HYACIVCBvs. Q2 2023SEC
Q2 2023Aug 14, 202329$70.7MKensington Capital AcquisitiIconic Sports Acquisition Corp.Kodiak AI, Inc.vs. Q1 2023SEC
Q1 2023May 15, 202334$75.8MIconic Sports Acquisition Corp.Kensington Capital AcquisitiIVCBvs. Q4 2022SEC
Q4 2022Feb 14, 202341$75.6MIconic Sports Acquisition Corp.Kensington Capital AcquisitiIVCBvs. Q3 2022SEC
Q3 2022Nov 14, 202257$126.1MDCRDKensington Capital AcquisitiIconic Sports Acquisition Corp.vs. Q2 2022SEC
Q2 2022Aug 15, 202258$151.1MKensington Cap Acq Corp IVKensington Capital AcquisitiIconic Sports Acquisition Corp.vs. Q1 2022SEC
Q1 2022May 13, 202257$161.3MKensington Cap Acq Corp IVKensington Capital AcquisitiIconic Sports Acquisition Corp.vs. Q4 2021SEC
Q4 2021Feb 11, 202250$139.9MKensington Capital AcquisitiIconic Sports Acquisition Corp.DCRD–SEC

13D and 13G filings

Companies where Dryden Capital, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

1 company, largest stake first.

Companies where Dryden Capital, LLC owns 5% or more
CompanyLatest formStakeChangeFirst filedLatest filingFiling
ISNRSnow Rothschild Acquisition Corp.13G5.75%1.30M sharesNewJul 30, 20261 filingJul 30, 2026SEC

Latest filings

8 filings on file made by Dryden Capital, LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Dryden Capital, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
ISNRSnow Rothschild Acquisition Corp.Jul 30, 202612:18 PM ET13G5.75%1.30M sharesNewJun 8, 2026SEC
PFTAPerception Capital Corp. IIIFeb 13, 202413GOld format–––SEC
PFTAPerception Capital Corp. IIIAug 1, 202313GOld format–New–SEC
GCTSGCT Semiconductor Holding, Inc.May 16, 202313GOld format–New–SEC
AMPXAmprius Technologies, Inc.Mar 11, 202213GOld format–New–SEC
PMVCPMV Consumer Acquisition Corp.Feb 15, 202213GOld format–New–SEC
Kensington Capital Acquisition Corp. VFeb 15, 202213G/AOld format–––SEC
Kensington Capital Acquisition Corp. VAug 20, 202113GOld format–New–SEC