Managers / Q2 2023 · view latest →
Dryden Capital, LLC
CIK 0001756488 · 777 BRICKELL AVENUE, SUITE 500, MIAMI, FL, 33131 · 3057882413
Summary
Dryden Capital, LLC reported $71M in U.S.-listed holdings across 29 positions for Q2 2023.
Its largest position, Kensington Capital Acquisiti, represents 17.4% of the portfolio.
Compared with Q1 2023, the fund opened 2 new positions and exited 7.
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 · 86.9% · $61M
- Common Stock · 12.3% · $9M
- Equity WRT · 0.8% · $554,051
Quarter-over-Quarter Changes full breakdown →
vs Q1 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| ARES ACQUISITION CORP II | NEW | +1.02M | 1.02M | +$10M | $10M |
| ARES ACQUISITION CORP II | NEW | +510.0K | 510.0K | +$134,640 | $134,640 |
| EXCELFIN ACQUISITION CORP | SOLD OUT | −541.9K | 0 | −$6M | $0 |
| SOUND POINT ACQUISITION CORP | SOLD OUT | −75.6K | 0 | −$796,676 | $0 |
| FISVFISERV INC | SOLD OUT | −7.0K | 0 | −$791,210 | $0 |
| ROSTROSS STORES INC | SOLD OUT | −1.6K | 0 | −$172,992 | $0 |
| SOUND POINT ACQUISITION CORP | SOLD OUT | −340.2K | 0 | −$34,457 | $0 |
| NOGIN INC | SOLD OUT | −540.2K | 0 | −$15,167 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | KENSINGTON CAPITAL ACQUISITI | SHS CL A · *W EXP 99/99/999 | 17.41% | $12M | 2.43M |
| 2 | ICONIC SPORTS ACQUISITION CO | CL A ORD SHS · *W EXP 10/12/202 | 15.16% | $11M | 1.98M |
| 3 | ARES ACQUISITION CORP II | SHS CLASS A · *W EXP 99/99/999 | 14.84% | $10M | 1.53M |
| 4 | INVESTCORP EUROPE ACQUISITIO | CLASS A ORD SHS · *W EXP 12/15/202 | 12.92% | $9M | 1.77M |
| 5 | SPRING VALLEY ACQUISTN CORP | CLASS A ORD · RIGHT 02/25/2026 · *W EXP 02/25/202 | 10.70% | $8M | 1.83M |
| 6 | PORTAGE FINTECH ACQUISITN CO | CLASS A ORD SHS · *W EXP 07/08/202 | 9.51% | $7M | 1.27M |
| 7 | FISFIDELITY NATL INFORMATION SVhistory → | COM | 8.17% | $6M | 105.6K |
| 8 | CONCORD ACQUISITION CORP III | COM CL A · *W EXP 99/99/999 | 5.38% | $4M | 1.23M |
| 9 | AVTRAVANTOR INChistory → | COM | 1.57% | $1M | 54.0K |
| 10 | WTWWILLIS TOWERS WATSON PLC LTDhistory → | SHS | 1.42% | $1M | 4.3K |
| 11 | WILLIAM PENN BANCORPORATION | COM | 0.71% | $503,125 | 49.6K |
| 12 | DGDOLLAR GEN CORP NEW | COM | 0.52% | $365,027 | 2.1K |
| 13 | CLSTCATALYST BANCORP INC | COMMON STOCK | 0.48% | $337,441 | 30.6K |
| 14 | AMPX/WSAMPRIUS TECHNOLOGIES INC | *W EXP 09/14/202 | 0.44% | $309,399 | 644.6K |
| 15 | LVWR/WSLIVEWIRE GROUP INC | *W EXP 09/26/202 | 0.35% | $244,652 | 397.8K |
| 16 | ASRVAMERISERV FINL INC | COM | 0.18% | $126,124 | 49.7K |
| 17 | AMBIPAR EMERGENCY RESPONSE | *W EXP 99/99/999 | 0.14% | $101,056 | 202.1K |
| 18 | EXCELFIN ACQUISITION CORP | *W EXP 10/25/202 | 0.07% | $49,168 | 691.5K |
| 19 | PAGAYA TECHNOLOGIES LTD | *W EXP 09/01/202 | 0.04% | $30,441 | 117.1K |
| 20 | L CATTERTON ASIA ACQUISITION | *W EXP 03/08/202 | 0.01% | $6,860 | 14.0K |
| 21 | SUSTAINABLE DEVELP ACQU I CO | *W EXP 02/04/202 | 0.00% | $384 | 12.8K |
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 ↗.