Managers / Q3 2023 · view latest →
Dryden Capital, LLC
CIK 0001756488 · 777 BRICKELL AVENUE, SUITE 500, MIAMI, FL, 33131 · 3057882413
Summary
Dryden Capital, LLC reported $60M in U.S.-listed holdings across 31 positions for Q3 2023.
Its largest position, Ares Acquisition Corp II, represents 17.6% of the portfolio.
Compared with Q2 2023, the fund opened 7 new positions and exited 5.
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 · 73.0% · $44M
- Common Stock · 26.6% · $16M
- Equity WRT · 0.4% · $270,144
Quarter-over-Quarter Changes full breakdown →
vs Q2 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| HAYMAKER ACQUISITION CORP IV | NEW | +975.0K | 975.0K | +$10M | $10M |
| FLDFTAC EMERALD ACQUISITION COR | NEW | +580.0K | 580.0K | +$6M | $6M |
| WENWENDYS CO | NEW | +30.0K | 30.0K | +$612,300 | $612,300 |
| CRHCRH PLC | NEW | +9.0K | 9.0K | +$492,570 | $492,570 |
| BVFLBV FINL INC | NEW | +27.3K | 27.3K | +$275,093 | $275,093 |
| HAYMAKER ACQUISITION CORP IV | NEW | +687.5K | 687.5K | +$144,375 | $144,375 |
| ELECTRIQ PWR HLDGS INC | NEW | +14.0K | 14.0K | +$398 | $398 |
| KENSINGTON CAPITAL ACQUISITI | SOLD OUT | −1.16M | 0 | −$12M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ARES ACQUISITION CORP II | SHS CLASS A · *W EXP 99/99/999 | 17.56% | $11M | 1.53M |
| 2 | HAYMAKER ACQUISITION CORP IV | CLASS A · *W EXP 05/31/202 | 16.67% | $10M | 1.66M |
| 3 | INVESTCORP EUROPE ACQUISITIO | CLASS A ORD SHS · *W EXP 12/15/202 | 15.43% | $9M | 1.77M |
| 4 | SPRING VALLEY ACQUISTN CORP | CLASS A ORD · RIGHT 02/25/2026 · *W EXP 02/25/202 | 12.78% | $8M | 1.83M |
| 5 | FLDFTAC EMERALD ACQUISITION CORhistory → | CLASS A COM | 10.05% | $6M | 580.0K |
| 6 | FISFIDELITY NATL INFORMATION SVhistory → | COM | 9.67% | $6M | 105.6K |
| 7 | CONCORD ACQUISITION CORP III | COM CL A · *W EXP 99/99/999 | 6.46% | $4M | 1.23M |
| 8 | PORTAGE FINTECH ACQUISITN CO | CLASS A ORD SHS · *W EXP 07/08/202 | 3.56% | $2M | 829.2K |
| 9 | AVTRAVANTOR INChistory → | COM | 1.89% | $1M | 54.0K |
| 10 | WTWWILLIS TOWERS WATSON PLC LTDhistory → | SHS | 1.47% | $888,080 | 4.3K |
| 11 | WENWENDYS COhistory → | COM | 1.01% | $612,300 | 30.0K |
| 12 | CRHCRH PLC | ORD | 0.82% | $492,570 | 9.0K |
| 13 | CLSTCATALYST BANCORP INC | COMMON STOCK | 0.61% | $368,952 | 30.6K |
| 14 | BVFLBV FINL INC | COM NEW | 0.46% | $275,093 | 27.3K |
| 15 | DGDOLLAR GEN CORP NEW | COM | 0.38% | $227,470 | 2.1K |
| 16 | AMPX/WSAMPRIUS TECHNOLOGIES INC | *W EXP 09/14/202 | 0.29% | $174,037 | 644.6K |
| 17 | KENSINGTON CAPITAL ACQUISITI | *W EXP 99/99/999 | 0.24% | $147,015 | 1.27M |
| 18 | ASRVAMERISERV FINL INC | COM | 0.22% | $131,586 | 49.7K |
| 19 | LVWR/WSLIVEWIRE GROUP INC | *W EXP 09/26/202 | 0.16% | $95,709 | 273.4K |
| 20 | AMBIPAR EMERGENCY RESPONSE | *W EXP 99/99/999 | 0.15% | $90,932 | 202.1K |
| 21 | PAGAYA TECHNOLOGIES LTD | *W EXP 09/01/202 | 0.07% | $40,965 | 117.1K |
| 22 | EXCELFIN ACQUISITION CORP | *W EXP 10/25/202 | 0.05% | $27,661 | 691.5K |
| 23 | L CATTERTON ASIA ACQUISITION | *W EXP 03/08/202 | 0.01% | $7,210 | 14.0K |
| 24 | ELECTRIQ PWR HLDGS INC | *W EXP 07/31/202 | 0.00% | $398 | 14.0K |
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 ↗.