Managers / Q2 2024
Dryden Capital, LLC
CIK 0001756488 · 777 BRICKELL AVENUE, SUITE 500, MIAMI, FL, 33131 · 3057882413
Summary
Dryden Capital, LLC reported $59M in U.S.-listed holdings across 30 positions for Q2 2024.
Its largest position, FLD, represents 18.2% of the portfolio.
Compared with Q1 2024, the fund opened 4 new positions and exited 1.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Other · 64.5% · $38M
- Common Stock · 35.0% · $21M
- Equity WRT · 0.5% · $280,617
Quarter-over-Quarter Changes full breakdown →
vs Q1 2024 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| GP-ACT III ACQUISITION CORP | NEW | +300.0K | 300.0K | +$3M | $3M |
| WTWWILLIS TOWERS WATSON PLC LTD | NEW | +2.0K | 2.0K | +$524,280 | $524,280 |
| AVTRAVANTOR INC | NEW | +10.0K | 10.0K | +$212,000 | $212,000 |
| QQQINVESCO QQQ TR | NEW | +0 | 0 | +$0 | $0 |
| WILLIAM PENN BANCORPORATION | ADDED | +200.8K | 228.6K | +$2M | $3M |
| PERCEPTION CAPITAL CORP III | SOLD OUT | −78.1K | 0 | −$834,568 | $0 |
| SPRING VALLEY ACQUISTN CORP | ADDED | +244.2K | 594.3K | +$9,035 | $47,546 |
| AGRICULTURE & NAT SOL ACQ CO | ADDED | +250.0K | 617.5K | +$25,058 | $98,858 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | FLDFTAC EMERALD ACQUISITION CORhistory → | CLASS A COM | 18.21% | $11M | 1.00M |
| 2 | INVESTCORP EUROPE ACQUISITIO | CLASS A ORD SHS · *W EXP 12/15/202 | 16.29% | $10M | 1.72M |
| 3 | HAYMAKER ACQUISITION CORP IV | CLASS A · *W EXP 05/31/202 | 12.98% | $8M | 1.45M |
| 4 | FISFIDELITY NATL INFORMATION SVhistory → | COM | 12.87% | $8M | 100.6K |
| 5 | ARES ACQUISITION CORP II | SHS CLASS A · *W EXP 99/99/999 | 12.30% | $7M | 1.43M |
| 6 | AGRICULTURE & NAT SOL ACQ CO | SHS CL A · *W EXP 10/01/202 | 6.69% | $4M | 992.5K |
| 7 | SPRING VALLEY ACQUISTN CORP | CLASS A ORD · RIGHT 02/25/2026 · *W EXP 02/25/202 | 6.50% | $4M | 1.87M |
| 8 | GP-ACT III ACQUISITION CORP | UNIT 99/99/9999 | 5.11% | $3M | 300.0K |
| 9 | WILLIAM PENN BANCORPORATION | COM | 4.42% | $3M | 228.6K |
| 10 | CRHCRH PLChistory → | ORD | 1.53% | $899,760 | 12.0K |
| 11 | WTWWILLIS TOWERS WATSON PLC LTD | SHS | 0.89% | $524,280 | 2.0K |
| 12 | CLSTCATALYST BANCORP INC | COMMON STOCK | 0.60% | $354,267 | 30.6K |
| 13 | AVTRAVANTOR INC | COM | 0.36% | $212,000 | 10.0K |
| 14 | VRSNVERISIGN INC | COM | 0.23% | $133,350 | 750 |
| 15 | GCT SEMICONDUCTOR HLDG INC | *W EXP 03/01/202 | 0.20% | $119,092 | 793.9K |
| 16 | AMPX/WSAMPRIUS TECHNOLOGIES INC | *W EXP 09/14/202 | 0.19% | $109,579 | 644.6K |
| 17 | VSTSVESTIS CORPORATION | COM SHS | 0.18% | $103,955 | 8.5K |
| 18 | ASRVAMERISERV FINL INC | COM | 0.17% | $98,023 | 43.4K |
| 19 | LVWR/WSLIVEWIRE GROUP INC | *W EXP 09/26/202 | 0.09% | $51,946 | 273.4K |
| 20 | AMBIPAR EMERGENCY RESPONSE | *W EXP 99/99/999 | 0.07% | $42,435 | 202.1K |
| 21 | KENSINGTON CAPITAL ACQUISITI | *W EXP 99/99/999 | 0.05% | $30,700 | 1.20M |
| 22 | EXCELFIN ACQUISITION CORP | *W EXP 10/25/202 | 0.03% | $19,148 | 638.3K |
| 23 | PERCEPTION CAPITAL CORP III | *W EXP 99/99/999 | 0.02% | $14,587 | 579.1K |
| 24 | PAGAYA TECHNOLOGIES LTD | *W EXP 99/99/999 | 0.02% | $13,262 | 117.1K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q2 2024 | $59M | 30 | Aug 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $68M | 29 | May 15, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $72M | 30 | Feb 13, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $60M | 31 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $71M | 29 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $76M | 34 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $76M | 41 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $126M | 60 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $151M | 58 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $161M | 57 | May 13, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $140M | 50 | Feb 11, 2022 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.