Managers / Q1 2024 · view latest →
Dryden Capital, LLC
CIK 0001756488 · 777 BRICKELL AVENUE, SUITE 500, MIAMI, FL, 33131 · 3057882413
Summary
Dryden Capital, LLC reported $68M in U.S.-listed holdings across 29 positions for Q1 2024.
Its largest position, Ares Acquisition Corp II, represents 16.1% of the portfolio.
Compared with Q4 2023, the fund opened 6 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 · 69.4% · $47M
- Common Stock · 29.8% · $20M
- Equity WRT · 0.8% · $530,922
- ETP · 0.0% · $0
Quarter-over-Quarter Changes full breakdown →
vs Q4 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 |
| WILLIAM PENN BANCORPORATION | NEW | +27.8K | 27.8K | +$343,169 | $343,169 |
| GCT SEMICONDUCTOR HLDG INC | NEW | +793.9K | 793.9K | +$301,701 | $301,701 |
| VSTSVESTIS CORPORATION | NEW | +8.5K | 8.5K | +$163,795 | $163,795 |
| AGRICULTURE & NAT SOL ACQ CO | NEW | +367.5K | 367.5K | +$73,800 | $73,800 |
| QQQINVESCO QQQ TR | NEW | +0 | 0 | +$0 | $0 |
| AGRICULTURE & NAT SOL ACQ CO | SOLD OUT | −735.0K | 0 | −$7M | $0 |
| CONCORD ACQUISITION CORP III | SOLD OUT | −364.0K | 0 | −$4M | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2024
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | ARES ACQUISITION CORP II | SHS CLASS A · *W EXP 99/99/999 | 16.05% | $11M | 1.53M |
| 2 | FLDFTAC EMERALD ACQUISITION CORhistory → | CLASS A COM | 15.51% | $11M | 1.00M |
| 3 | HAYMAKER ACQUISITION CORP IV | CLASS A · *W EXP 05/31/202 | 15.14% | $10M | 1.46M |
| 4 | INVESTCORP EUROPE ACQUISITIO | CLASS A ORD SHS · *W EXP 12/15/202 | 14.02% | $9M | 1.72M |
| 5 | FISFIDELITY NATL INFORMATION SVhistory → | COM | 11.56% | $8M | 105.6K |
| 6 | AGRICULTURE & NAT SOL ACQ CO | SHS CL A · *W EXP 10/01/202 | 11.13% | $8M | 1.10M |
| 7 | SPRING VALLEY ACQUISTN CORP | CLASS A ORD · RIGHT 02/25/2026 · *W EXP 02/25/202 | 11.05% | $7M | 1.72M |
| 8 | CRHCRH PLChistory → | ORD | 1.53% | $1M | 12.0K |
| 9 | PERCEPTION CAPITAL CORP III | CLASS A ORD SHS · *W EXP 99/99/999 | 1.28% | $866,333 | 657.2K |
| 10 | CLSTCATALYST BANCORP INC | COMMON STOCK | 0.54% | $362,527 | 30.6K |
| 11 | WILLIAM PENN BANCORPORATION | COM | 0.51% | $343,169 | 27.8K |
| 12 | GCT SEMICONDUCTOR HLDG INC | *W EXP 03/01/202 | 0.45% | $301,701 | 793.9K |
| 13 | VSTSVESTIS CORPORATION | COM SHS | 0.24% | $163,795 | 8.5K |
| 14 | AMPX/WSAMPRIUS TECHNOLOGIES INC | *W EXP 09/14/202 | 0.24% | $161,145 | 644.6K |
| 15 | VRSNVERISIGN INC | COM | 0.21% | $142,133 | 750 |
| 16 | ASRVAMERISERV FINL INC | COM | 0.19% | $129,103 | 49.7K |
| 17 | KENSINGTON CAPITAL ACQUISITI | *W EXP 99/99/999 | 0.11% | $72,373 | 1.20M |
| 18 | LVWR/WSLIVEWIRE GROUP INC | *W EXP 09/26/202 | 0.10% | $68,076 | 273.4K |
| 19 | AMBIPAR EMERGENCY RESPONSE | *W EXP 99/99/999 | 0.09% | $60,622 | 202.1K |
| 20 | EXCELFIN ACQUISITION CORP | *W EXP 10/25/202 | 0.05% | $34,467 | 638.3K |
| 21 | PAGAYA TECHNOLOGIES LTD | *W EXP 99/99/999 | 0.02% | $10,654 | 117.1K |
| 22 | QQQINVESCO QQQ TR | UNIT SER 1 | 0.00% | $0 | 0 |
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 ↗.