Blue Gold Limited Warrant (BGLWW)

Distributing

Strong institutional distribution: ownership decreased -32.69% quarter-over-quarter.

Data as of Q1 2026

Institutional Ownership

12.25%

QoQ Change

-32.69%

Total Value

$1.1B

Shares Outstanding

46.2M

Crowding AnalysisCrowded

Holders24of 5,944

Avg: 68

Uncrowded76th percentileCrowded

Institutional Activity

Buy/Sell Ratio1x

49th percentile

13 buying13 selling

New

-8

Closed

-452,160

Net shares

Holding Period Distribution

estimate

Median: 2 QAvg: 2.1 QHolders: 24

Ownership Concentration

Top 5: 60.6%Top 10: 82.8%

Calamos Advisors20.9%

ARISTEIA CAPITAL, L.L.C.15.8%

Saba Capital Management, L.P.8.6%

ADAGE CAPITAL PARTNERS GP, L.L.C.8.0%

Clear Street Group7.4%

Others (19)39.4%

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Conviction-Weighted Ownership

Median weight: 0.00%Avg weight: 0.00%Max: 0.00%High conviction (>1%): 0

Calamos Advisors

ARISTEIA CAPITAL, L.L.C.

Saba Capital Management, L.P.

ADAGE CAPITAL PARTNERS GP, L.L.C.

Clear Street Group

FARALLON CAPITAL MANAGEMENT

MILLENNIUM MANAGEMENT

Alberta Investment Management

DAVIDSON KEMPNER CAPITAL MANAGEMENT

D. E. Shaw & Co.,

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Whale Moves Timeline (3 Quarters)

Biggest dollar-value position changes among top 10 holders

BOUGHTARISTEIA CAPITAL, L.L.C.$73K360K shr

NEWAlberta Investment Management$50K250K shr

NEWD. E. Shaw & Co.$40K200K shr

SOLDADAGE CAPITAL PARTNERS GP, L.L.C.$7K33K shr

SOLDVAN ECK ASSOCIATES$71M37K shr

SOLDClear Street Group$296K702K shr

SOLDADAGE CAPITAL PARTNERS GP, L.L.C.$165K392K shr

SOLDHIGHBRIDGE CAPITAL MANAGEMENT$143K324K shr

NEWMILLENNIUM MANAGEMENT$110K260K shr

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Institutional Trends (4 Quarters)

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Institutional Holders

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