In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Dryden Capital, LLC reported 14 stock positions worth $66.6 million . Its top holding was Ares Acquisition Corp. II at 16.2% of the portfolio, followed by Fold (FLD, 15.8% ) and Haymaker Acquisition Corp. 4 (15.3% ). Compared with Q4 2023, it opened 2 new positions, sold out of 5, added to 1 and reduced 2. The biggest buy was Fold (FLD, shares +18% ) and the biggest sale an exit from Concord Acquisition Corp. III .
Location MIAMI, FL
CIK 0001756488
Portfolio Value $66.6M (Q1 2024) Holdings 14 stocks · $66.6M Holdings quarter Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 ARES ACQUISITION CORP II 1,020,000 $10.8M No change FLD Fold Holdings Inc. filed as FTAC EMERALD ACQUISITION COR 1,000,000 $10.5M Add +17.6% HAYMAKER ACQUISITION CORP 4 975,000 $10.2M No change IVCBF Invest Acquisition Corp. 840,000 $9.5M No change FIS Fidelity National Info Serv 105,600 $7.8M No change ANSC Agriculture & Natural Soluti 735,000 $7.5M No change SVIIF Spring Valley Acquisition-A 670,000 $7.4M Reduce -4.8% CRH CRH PLC 12,000 $1.0M No change PFTA Portage Fintech Acquisitio-A filed as PERCEPTION CAPITAL CORP III 78,070 $835K Reduce -61.0% CLST Catalyst Bancorp Inc. 30,593 $363K No change WMPN William Penn Bancorp 27,787 $343K New VSTS Vestis Corp. 8,500 $164K New VRSN Verisign Inc. 750 $142K No change ASRV Ameriserv Financial Inc. 49,655 $129K No change
Other holdings (14): bonds, preferreds, convertibles and warrants · $1.2M (not counted above) Security Class Shares / Principal Value Change GCTS.WS Concord Acq Class A -CW28 *W EXP 03/01/202 793,949 $302K New AMPX.WS Amprius Technologies Inc. *W EXP 09/14/202 644,581 $161K No change HYAC.WS Haymaker Acquisition Corp.-28 *W EXP 05/31/202 487,500 $98K No change KDKRW Ares Acquisition Corp. II-28 *W EXP 99/99/999 510,000 $94K No change SVIRF Spring Valley Acquisit-Right RIGHT 02/25/2026 700,600 $84K No change ANSCW Agriculture & Natural Solu-W *W EXP 10/01/202 367,500 $74K No change KCGI.WS Kensington Capital Acq -CW23 *W EXP 99/99/999 1,199,650 $72K No change LVWR.WS Livewire Group Inc.-27 *W EXP 09/26/202 273,399 $68K No change AMBWQ Ambipar Emergency Respons-28 *W EXP 03/03/202 202,072 $61K No change SVIWF Spring Valley Acquisition-Aw *W EXP 02/25/202 350,100 $39K No change XFINW Excelfin Acquisition -CW23 *W EXP 10/25/202 638,277 $34K No change PERCEPTION CAPITAL CORP III *W EXP 99/99/999 579,098 $32K No change IVCWF Investcorp Europe Acquis -27 *W EXP 12/15/202 879,991 $31K No change PGYWW Pagaya Technologies Ltd. -27 *W EXP 99/99/999 117,079 $11K No change
Total filed on the 13F, all lines: $67.7M.
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ CONCORD ACQUISITION CORP III Sold out 0.00% −5.44 AVTR Avantor Inc. Sold out 0.00% −1.74 PFTA Portage Fintech Acquisitio-A Reduce -61.0% 1.25% −1.74 WTW Willis Towers Watson PLC Sold out 0.00% −1.45 WEN The Wendy's Co. Sold out 0.00% −0.83 GCTS.WS Concord Acquisition Corp. III Sold out 0.00% −0.11 SVIIF Spring Valley Acquisition-A Reduce -4.8% 11.06% +0.29
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ FLD Fold Holdings Inc. Add +17.6% 15.78% +3.09 WMPN William Penn Bancorp New 0.52% +0.52 VSTS Vestis Corp. New 0.25% +0.25
Notes & Other Activity Q4 2023 → Q1 2024 Security Class Change vs Q4 2023 Shares / Principal Value ▼ GCTS.WS Concord Acq Class A -CW28 *W EXP 03/01/202 New 793,949 $302K LCAAW L Catterton Asia Acq-CW *W EXP 03/08/202 Sold out 14,000 $9Kbefore exit QQQ Invesco QQQ Trust Series 1 UNIT SER 1 New 0 $0
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2024 16 $58.0M FLD, IVCBF, FIS, HAYMAKER ACQUISITION CORP 4, ARES ACQUISITION CORP II Q1 2024 14 $66.6M ARES ACQUISITION CORP II, FLD, HAYMAKER ACQUISITION CORP 4, IVCBF, FIS