FAC · Factorial Energy Inc. · Holdings

$4.35 -0.03 (-0.68%) Q2 2026 earnings call transcript

Market Cap

$468.76M

107.02M

Volume · Oct 28 165.49K Avg daily vol (3M) 338.16K

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP → See every holder of FAC: 13F, 13D and 13G, insiders and funds →

The Sep 30, 2026 filing window is still open — showing the latest known positions. Funds that have not filed yet carry their prior-quarter positions; a fund that filed without this stock counts as sold out. Each fund's Change is measured against its own previous reported quarter, shown in the Reported column. Pick a completed quarter in the Quarter selector below to put every fund on one quarter and see the stock-wide activity breakdown.

Quarter:

Holders: 59

Total Value: $109,890,760

Total Shares: 21,007,750

Institutional Ownership Trend

6 quarters

Holder Concentration

Across 58 13F filers

Top Holder

74.3%

of institutional value

Top 5

86.6%

of institutional value

Top 10

91.4%

of institutional value

HHI

5,599

Highly concentrated

Who Holds FAC

Last 6 quarters through Sep 30, 2026 (filing window open)

Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.

Jun 30, 2026, the newest closed quarter: 57 filers, like-for-like change -22.8%; actively managed books -21.9%; index-like books -87.0%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	70.6%	33	-9.9%	13	15
Exempt adviser	3.9%	1	-28.5%	0	1
Adviser	1.1%	1	-87.8%	1	3
Bank	0.1%	3	-91.0%	2	2
Broker-dealer	1.8%	1	new	1	0
Non-US	4.4%	4	-48.8%	2	2
Holding company	0.0%	2	-99.7%	0	1
Insurer	0.0%	0	-100.0%	0	1
Unknown	18.1%	12	-20.9%	4	5

Style	Share	Filers	Change	New	Exited
Index-like	0.2%	2	-87.0%	0	1
Systematic-like	38.7%	6	+189.4%	3	3
Concentrated	21.5%	10	+55.7%	4	2
Diversified active	39.6%	39	-60.6%	16	24
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	5.3%	13	+74.3%	8	1
Medium turnover	31.4%	16	-45.8%	3	12
High turnover	61.3%	25	-7.0%	11	15
Unknown	2.0%	3	-26.7%	1	2
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	23.7%	19	-66.0%	6	15
Medium horizon	26.0%	7	+1.9%	1	1
Long horizon	9.9%	20	-19.0%	12	4
Unknown	40.4%	11	+83.3%	4	10
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	13.9%	15	-4.0%	6	10
$1B to $10B	36.2%	20	-55.1%	7	13
$10B to $100B	48.2%	12	+140.1%	6	4
$100B or more	1.8%	10	-87.5%	4	3
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	4.0%	6	+1336.8%	5	1
Pooled investment vehicles	64.3%	23	-11.9%	8	12
Registered funds and BDCs	0.9%	3	-69.2%	0	1
Other investment advisers	1.3%	1	-20.5%	0	0
Charitable organizations	0.0%	0	-100.0%	0	1
Unknown	29.4%	24	-42.5%	10	15

Private funds	Share	Filers	Change	New	Exited
Hedge funds	64.5%	24	-14.4%	8	15
Private equity funds	4.9%	2	+199.1%	1	0
Other private funds	0.5%	1	-31.4%	0	0
Private funds, type not stated	3.9%	1	-12.9%	0	0
No private funds	0.7%	5	-57.4%	3	1
Real estate funds	0.0%	1	new	1	0
Unknown	25.5%	23	-44.2%	10	14

Location	Share	Filers	Change	New	Exited
United States	86.9%	48	-15.0%	20	24
Outside the US	13.1%	9	-51.8%	3	6

The Sep 30, 2026 filing window is still open, so its bar carries the Jun 30, 2026 positions of filers that have not filed yet.

How the mix is measured

Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.

Excluded 1 holder with no observed 2026-03-31 13F.

Conviction and Crowding

21 13F filers, quarter ended Jun 30, 2026

Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.

Conviction holders

0.000% of filers hold it in their top 10

Mar 31, 2026: 2

Holders above 5%

median weight 0.000%

Mar 31, 2026: 0

Crowding

—

the issuer has more than one class of common stock, so its count is the total across classes

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

the issuer has more than one class of common stock, so its count is the total across classes

Top 10 holders

99.7%

of 13F shares, Herfindahl 0.729

Active holders

-67.6%

like-for-like share change of active filers

5% stakes on record

3 13D, 2 13G (1 institutional, 0 passive, 1 exempt)

How long holders have held it value-weighted 1.1 quarters

Under 1 year 96.7% 1 to 3 years 3.26% 3 years or more 0.000% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$11.53

estimated per share

Mar 31, 2026: $10.10

Quarter-end price

$11.09

implied by 13F values

Estimated gain or loss

-3.8%

price against the estimated cost

Estimated at a loss

97.5%

of costed 13F value

Estimated cost covers 97.4% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Shared Holders

Companies FAC's active holders also own, quarter ended Mar 31, 2026

#	Company	Shared holders	Similarity
1	RNGT Range Capital Acquisition Corp II	24	0.728
2	JACS Jackson Acquisition Co II	22	0.726
3	TMTS Spartacus Acquisition Corp. II	23	0.720
4	OYSE Oyster Enterprises II Acquisition Corp	23	0.708
5	COPL Copley Acquisition Corp	21	0.706
6	NSTR NorthStar Earth & Space Enterprises, Inc.	21	0.693
7	YCY AA Mission Acquisition Corp. II	20	0.686
8	EVAC EQV Ventures Acquisition Corp. II	25	0.678
9	SOUL Soulpower Acquisition Corp.	22	0.667
10	CCII Cohen Circle Acquisition Corp. II	24	0.659

Shareholder Targets

13F filers that own its peers but not FAC, quarter ended Mar 31, 2026

Found through its holder-overlap peers: RNGT, JACS, TMTS, OYSE, COPL, NSTR, YCY, EVAC, SOUL, CCII, TRGS, BIII, BIXI, TONT, CEPV, BBCQ, IACO, TMS, SBXDF, OTGA. 94 filers in all.

#	Filer	In peers	Of book	Largest peers
1	ADAGE CAPITAL PARTNERS GP, L.L.C. Registered adviser, Diversified active	$112,892,219 7 held	0.180%	BBCQ, OTGA, TMTS
2	First Trust Capital Management L.P. Registered adviser, Diversified active	$79,249,283 15 held	9.23%	TMS, TONT, SOUL
3	HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Non-US, Diversified active	$68,741,066 9 held	0.120%	IACO, BBCQ, TRGS
4	Verition Fund Management LLC Registered adviser, Systematic-like	$68,306,825 16 held	0.740%	BIXI, NSTR, COPL
5	MOORE CAPITAL MANAGEMENT, LP Registered adviser, Diversified active	$62,548,749 17 held	2.56%	EVAC, RNGT, OYSE
6	Harraden Circle Investments, LLC Registered adviser, Concentrated	$42,632,143 5 held	12.1%	CCII, TMTS, CEPV
7	Lineage Point Capital LP Adviser, Diversified active	$42,082,656 13 held	11.5%	IACO, BIXI, RNGT
8	SONA ASSET MANAGEMENT (US) LLC Registered adviser, Diversified active	$38,917,616 14 held	2.31%	TONT, IACO, OTGA
9	Karpus Management, Inc. Adviser, Diversified active	$33,702,427 7 held	1.09%	COPL, OYSE, SOUL
10	OMERS ADMINISTRATION Corp Benefit plan, Diversified active	$33,304,187 10 held	0.220%	IACO, EVAC, RNGT

Holder type: Registered adviser 34 Exempt adviser 1 Adviser 1 Bank 4 Broker-dealer 1 Non-US 4 Holding company 2 Unknown 12

Showing 63 of 63

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Alyeska Investment Group, L.P.

$79,806,589

72.62%

7,196,266

TRANSCEND CAPITAL ADVISORS, LLC

$7,907,170

7.20%

713,000

KINGSWOOD WEALTH ADVISORS, LLC

$2,557,847

2.33%

403,446

MILLENNIUM MANAGEMENT LLC

$2,292,369

2.09%

206,706

P SCHOENFELD ASSET MANAGEMENT LP FACWW

$1,453,199

1.32%

1,068,529

MIZUHO SECURITIES USA LLC

$1,197,453

1.09%

107,976

CANTOR FITZGERALD, L. P. FACWW

$1,126,848

1.03%

2,505,035

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Cantor Fitzgerald & Co.	2,505,035	$1,126,848	100.0%	Defined

LMR Partners LLP FACWW

$1,087,495

0.99%

799,629

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
LMR PARTNERS (DIFC) Ltd	799,629	$1,087,495	100.0%	Sole

TENOR CAPITAL MANAGEMENT Co., L.P. FACWW

$1,014,144

0.92%

745,694

MMCAP International Inc. SPC FACWW

$918,000

0.84%

675,000

HITE Hedge Asset Management LLC

$887,200

0.81%

80,000

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND FACWW

$850,000

0.77%

625,000

Linden Advisors LP FACWW

$789,634

0.72%

570,133

Harraden Circle Investments, LLC FACWW

$747,117

0.68%

549,351

Atom Investors LP

$664,634

0.60%

59,931

Magnetar Financial LLC FACWW

$608,600

0.55%

447,500

GEODE CAPITAL MANAGEMENT, LLC

$542,245

0.49%

48,895

ARISTEIA CAPITAL, L.L.C. FACWW

$533,936

0.49%

385,513

PEAK6 LLC FACWW

$494,765

0.45%

363,798

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
PEAK6 Investments LLC joint	363,798	$494,765	100.0%	Defined

AQR Arbitrage LLC FACWW

$395,091

0.36%

316,073

WHITEBOX ADVISORS LLC FACWW

$374,000

0.34%

275,000

MILLENNIUM MANAGEMENT LLC FACWW

$340,000

0.31%

250,000

Polar Asset Management Partners Inc. FACWW

$311,625

0.28%

225,000

Lineage Point Capital LP FACWW

$308,362

0.28%

226,737

Walleye Capital LLC FACWW

$243,028

0.22%

178,697

Alberta Investment Management Corp FACWW

$238,000

0.22%

175,000

Clear Street Group Inc. FACWW

$231,200

0.21%

170,000

DLD Asset Management, LP FACWW

$227,403

0.21%

167,208

Jain Global LLC FACWW

$204,000

0.19%

150,000

GABELLI & Co INVESTMENT ADVISERS, INC. FACWW

$152,048

0.14%

111,800

JANE STREET GROUP, LLC

$150,268

0.14%

13,550

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	10,030	$111,232	74.0%	Defined
Jane Street Global Trading, LLC	3,520	$39,036	26.0%	Defined

Shaolin Capital Management LLC FACWW

$146,554

0.13%

107,760

UBS Group AG

$137,670

0.13%

12,414

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS AG	19	$210	0.2%	Defined
UBS Securities LLC	12,395	$137,460	99.8%	Defined

BANK OF AMERICA CORP /DE/

$128,533

0.12%

11,590

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BOFA SECURITIES, INC.	11,590	$128,533	100.0%	Defined

GABELLI FUNDS LLC FACWW

$125,570

0.11%

92,331

Virtu Financial LLC

$116,156

0.11%

10,474

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Virtu Americas LLC	10,474	$116,156	100.0%	Defined

MMCAP International Inc. SPC

$87,943

0.08%

7,930

CSS LLC/IL FACWW

$82,006

0.07%

60,299

Yakira Capital Management, Inc. FACWW

$71,431

0.07%

52,523

HGC Investment Management Inc. FACWW

$70,082

0.06%

51,531

BNP PARIBAS ARBITRAGE, SA FACWW

$59,432

0.05%

43,700

RIVERNORTH CAPITAL MANAGEMENT, LLC FACWW

$59,296

0.05%

43,600

D. E. Shaw & Co., Inc. FACWW

$34,000

0.03%

25,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
D. E. SHAW & CO, L.P.	25,000	$34,000	100.0%	Defined

WOLVERINE ASSET MANAGEMENT LLC FACWW

$25,174

0.02%

18,510

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	18,510	$25,174	100.0%	Defined

Cassaday & Co Wealth Management LLC

$21,746

0.02%

3,430

JPMORGAN CHASE & CO FACWW

$18,750

0.02%

15,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Securities LLC	15,000	$18,750	100.0%	Defined

TRANSCEND CAPITAL ADVISORS, LLC FACWW

$16,327

0.01%

12,005

OSAIC HOLDINGS, INC.

$11,090

0.01%

1,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	1,000	$11,090	100.0%	Defined

Arax Advisory Partners FACWW

$7,851

0.01%

5,773

Allworth Financial LP

$4,580

0.00%

413

JONES FINANCIAL COMPANIES LLLP

$3,881

0.00%

350

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Edward D. Jones & Co., L.P.	350	$3,881	100.0%	Sole

TFC Financial Management, Inc.

$3,804

0.00%

600

UBS Group AG FACWW

$2,009

0.00%

1,477

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Securities LLC	1,477	$2,009	100.0%	Defined

MORGAN STANLEY

$1,142

0.00%

103

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY CAPITAL SERVICES, LLC	3	$33	2.9%	Defined
MORGAN STANLEY SMITH BARNEY LLC	100	$1,109	97.1%	Defined

WELLS FARGO & COMPANY/MN

$1,109

0.00%

100

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WELLS FARGO ADVISORS FINANCIAL NETWORK, LLC	100	$1,109	100.0%	Defined

Mint Tower Capital Management B.V. FACWW

$136

0.00%

100,000

Caitong International Asset Management Co., Ltd

$110

0.00%

Planning Strategies Inc.

$88

0.00%

Kepos Capital LP FACWW

$20

0.00%

15,000

Context Capital Management, LLC FACWW

—

50,000

Wealthspring Capital LLC FACWW

—

262,622

Verition Fund Management LLC FACWW

—

102,724

BARTLETT & CO. WEALTH MANAGEMENT LLC FACWW

—

89,000

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