Dryden Capital, LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Dryden Capital, LLC reported 16 stock positions worth $58.0 million. Its top holding was Fold (FLD) at 18.5% of the portfolio, followed by Invest Acquisition (IVCBF, 16.4%) and Fidelity National Info Serv (FIS, 13.1%). Compared with Q1 2024, it opened 3 new positions, sold out of 1, added to 1 and reduced 6. The biggest buy was a new position in GP-Act III Acquisition (GPATU) and the biggest sale Spring Valley Acquisition-A (SVIIF, shares −51%).

Most Recent 13F
Q2 2024
Location
MIAMI, FL
CIK
0001756488
Portfolio Value
$58.0M (Q2 2024)
SEC Filing
0001398344-24-014656 ↗ filed Aug 14, 2024

Holdings Value

0$20.0M$40.0M$60.0M$80.0M Q1 2024: $66.6M Q1 2024 Q2 2024: $58.0M $58.0M Q2 2024

Holdings 16 stocks · $58.0M

FLD Fold Holdings Inc. filed as FTAC EMERALD ACQUISITION COR 18.51% 1,000,000 $10.7M No change
IVCBF Invest Acquisition Corp. 16.45% 840,000 $9.5M No change
FIS Fidelity National Info Serv 13.08% 100,600 $7.6M Reduce -4.7%
HAYMAKER ACQUISITION CORP 4 12.97% 715,325 $7.5M Reduce -26.6%
ARES ACQUISITION CORP II 12.33% 670,000 $7.1M Reduce -34.3%
ANSC Agriculture & Natural Soluti 6.63% 375,000 $3.8M Reduce -49.0%
SVIIF Spring Valley Acquisition-A 6.33% 330,000 $3.7M Reduce -50.8%
GPATU GP-Act III Acquisition Corp. 5.19% 300,000 $3.0M New
WMPN William Penn Bancorp 4.50% 228,560 $2.6M Add +722.5%
CRH CRH PLC 1.55% 12,000 $900K No change
WTW Willis Towers Watson PLC 0.90% 2,000 $524K New
CLST Catalyst Bancorp Inc. 0.61% 30,593 $354K No change
AVTR Avantor Inc. 0.37% 10,000 $212K New
VRSN Verisign Inc. 0.23% 750 $133K No change
VSTS Vestis Corp. 0.18% 8,500 $104K No change
ASRV Ameriserv Financial Inc. 0.17% 43,373 $98K Reduce -12.7%
Other holdings (14): bonds, preferreds, convertibles and warrants · $953K (not counted above)
SecurityClassShares / PrincipalValueChange
HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 737,500$129KAdd +51.3%
GCTS.WS Concord Acq Class A -CW28 *W EXP 03/01/202 793,949$119KNo change
SVIRF Spring Valley Acquisit-Right RIGHT 02/25/2026 950,600$114KAdd +35.7%
AMPX.WS Amprius Technologies Inc. *W EXP 09/14/202 644,581$110KNo change
ANSCW Agriculture & Natural Solu-W *W EXP 10/01/202 617,500$99KAdd +68.0%
KDKRW Ares Acquisition Corp. II-28 *W EXP 99/99/999 760,000$99KAdd +49.0%
IVCWF Investcorp Europe Acquis -27 *W EXP 12/15/202 879,991$64KNo change
LVWR.WS Livewire Group Inc.-27 *W EXP 09/26/202 273,399$52KNo change
SVIWF Spring Valley Acquisition-Aw *W EXP 02/25/202 594,328$48KAdd +69.8%
AMBWQ Ambipar Emergency Respons-28 *W EXP 03/03/202 202,072$42KNo change
KCGI.WS Kensington Capital Acq -CW23 *W EXP 99/99/999 1,199,650$31KNo change
XFINW Excelfin Acquisition -CW23 *W EXP 10/25/202 638,277$19KNo change
PERCEPTION CAPITAL CORP III *W EXP 99/99/999 579,098$15KNo change
PGYWW Pagaya Technologies Ltd. -27 *W EXP 99/99/999 117,079$13KNo change

Total filed on the 13F, all lines: $58.9M.

Portfolio Sells Q1 2024 → Q2 2024

SVIIF Spring Valley Acquisition-A Reduce -50.8% 6.33% −4.73
ANSC Agriculture & Natural Soluti Reduce -49.0% 6.63% −4.58
ARES ACQUISITION CORP II Reduce -34.3% 12.33% −3.86
HAYMAKER ACQUISITION CORP 4 Reduce -26.6% 12.97% −2.29
PFTA Portage Fintech Acquisitio-A Sold out 0.00% −1.25
ASRV Ameriserv Financial Inc. Reduce -12.7% 0.17% −0.02
FIS Fidelity National Info Serv Reduce -4.7% 13.08% +1.32

Portfolio Buys Q1 2024 → Q2 2024

GPATU GP-Act III Acquisition Corp. New 5.19% +5.19
WMPN William Penn Bancorp Add +722.5% 4.50% +3.98
WTW Willis Towers Watson PLC New 0.90% +0.90
AVTR Avantor Inc. New 0.37% +0.37

Notes & Other Activity Q1 2024 → Q2 2024

HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 Add +51.3% 737,500 $129K
SVIRF Spring Valley Acquisit-Right RIGHT 02/25/2026 Add +35.7% 950,600 $114K
ANSCW Agriculture & Natural Solu-W *W EXP 10/01/202 Add +68.0% 617,500 $99K
KDKRW Ares Acquisition Corp. II-28 *W EXP 99/99/999 Add +49.0% 760,000 $99K
SVIWF Spring Valley Acquisition-Aw *W EXP 02/25/202 Add +69.8% 594,328 $48K
QQQ Invesco QQQ Trust Series 1 UNIT SER 1 Sold out 0 $0before exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2024 16$58.0MFLD, IVCBF, FIS, HAYMAKER ACQUISITION CORP 4, ARES ACQUISITION CORP II
Q1 2024 14$66.6MARES ACQUISITION CORP II, FLD, HAYMAKER ACQUISITION CORP 4, IVCBF, FIS