Managers / Q4 2023 · view latest →
Dryden Capital, LLC
CIK 0001756488 · 777 BRICKELL AVENUE, SUITE 500, MIAMI, FL, 33131 · 3057882413
Summary
Dryden Capital, LLC reported $72M in U.S.-listed holdings across 30 positions for Q4 2023.
Its largest position, Ares Acquisition Corp II, represents 15.0% of the portfolio.
Compared with Q3 2023, the fund opened 2 new positions and exited 3.
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 · 72.1% · $52M
- Common Stock · 27.4% · $20M
- Equity WRT · 0.5% · $362,251
Quarter-over-Quarter Changes full breakdown →
vs Q3 2023 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| AGRICULTURE & NAT SOL ACQ CO | NEW | +735.0K | 735.0K | +$7M | $7M |
| VRSNVERISIGN INC | NEW | +750 | 750 | +$154,470 | $154,470 |
| BVFLBV FINL INC | SOLD OUT | −27.3K | 0 | −$275,093 | $0 |
| DGDOLLAR GEN CORP NEW | SOLD OUT | −2.1K | 0 | −$227,470 | $0 |
| ELECTRIQ PWR HLDGS INC | SOLD OUT | −14.0K | 0 | −$398 | $0 |
| FLDFTAC EMERALD ACQUISITION COR | ADDED | +270.0K | 850.0K | +$3M | $9M |
| CRHCRH PLC | ADDED | +3.0K | 12.0K | +$337,350 | $829,920 |
| HAYMAKER ACQUISITION CORP IV | TRIMMED | −200.0K | 487.5K | −$71,215 | $73,160 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2023
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ARES ACQUISITION CORP II | SHS CLASS A · *W EXP 99/99/999 | 14.96% | $11M | 1.53M |
| 2 | HAYMAKER ACQUISITION CORP IV | CLASS A · *W EXP 05/31/202 | 14.06% | $10M | 1.46M |
| 3 | INVESTCORP EUROPE ACQUISITIO | CLASS A ORD SHS · *W EXP 12/15/202 | 13.19% | $9M | 1.72M |
| 4 | FLDFTAC EMERALD ACQUISITION CORhistory → | CLASS A COM | 12.50% | $9M | 850.0K |
| 5 | SPRING VALLEY ACQUISTN CORP | CLASS A ORD · *W EXP 02/25/202 · RIGHT 02/25/2026 | 10.65% | $8M | 1.75M |
| 6 | AGRICULTURE & NAT SOL ACQ CO | UNIT 99/99/9999 | 10.40% | $7M | 735.0K |
| 7 | FISFIDELITY NATL INFORMATION SVhistory → | COM | 8.85% | $6M | 105.6K |
| 8 | CONCORD ACQUISITION CORP III | COM CL A · *W EXP 99/99/999 | 5.47% | $4M | 1.16M |
| 9 | PERCEPTION CAPITAL CORP III | CLASS A ORD SHS · *W EXP 07/08/202 | 3.05% | $2M | 779.1K |
| 10 | AVTRAVANTOR INChistory → | COM | 1.72% | $1M | 54.0K |
| 11 | WTWWILLIS TOWERS WATSON PLC LTDhistory → | SHS | 1.43% | $1M | 4.3K |
| 12 | CRHCRH PLChistory → | ORD | 1.16% | $829,920 | 12.0K |
| 13 | WENWENDYS CO | COM | 0.81% | $584,400 | 30.0K |
| 14 | CLSTCATALYST BANCORP INC | COMMON STOCK | 0.46% | $331,628 | 30.6K |
| 15 | AMPX/WSAMPRIUS TECHNOLOGIES INC | *W EXP 09/14/202 | 0.35% | $251,387 | 644.6K |
| 16 | ASRVAMERISERV FINL INC | COM | 0.22% | $160,634 | 49.7K |
| 17 | VRSNVERISIGN INC | COM | 0.22% | $154,470 | 750 |
| 18 | KENSINGTON CAPITAL ACQUISITI | *W EXP 99/99/999 | 0.17% | $119,965 | 1.20M |
| 19 | LVWR/WSLIVEWIRE GROUP INC | *W EXP 09/26/202 | 0.15% | $110,864 | 273.4K |
| 20 | AMBIPAR EMERGENCY RESPONSE | *W EXP 99/99/999 | 0.11% | $79,280 | 202.1K |
| 21 | PAGAYA TECHNOLOGIES LTD | *W EXP 09/01/202 | 0.04% | $25,725 | 117.1K |
| 22 | EXCELFIN ACQUISITION CORP | *W EXP 10/25/202 | 0.02% | $12,888 | 638.3K |
| 23 | L CATTERTON ASIA ACQUISITION | *W EXP 03/08/202 | 0.01% | $9,380 | 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 ↗.