# SPHINX TRADING, LP

> Institutional holdings reported to the SEC as of Q4 2021 on Form 13F. CIK 857956. Source: https://holderbook.com/funds/857956-sphinx-trading-lp/

- Reported value: $98.0M
- Positions: 138
- Weight of the ten largest: 59.6%
- Filed: 2022-01-31

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ANGEL OAK FINL STRATEGIES IN | [FINS](https://holderbook.com/stocks/FINS/) | $21.2M | 1,240,375 | 21.6% | 2 |
| CRYPTO 1 ACQUISITION CORP | [DAOOU](https://holderbook.com/stocks/DAOOU/) | $7.5M | 745,000 | 7.7% | 1 |
| ORION S.A. | [OEC](https://holderbook.com/stocks/OEC/) | $5.8M | 317,744 | 6.0% | 2 |
| BABCOCK & WILCOX ENTERPRISES | [BW](https://holderbook.com/stocks/BW/) | $5.4M | 600,698 | 5.5% | 2 |
| GREEN PLAINS INC | [GPRE](https://holderbook.com/stocks/GPRE/) | $3.8M | 110,000 | 3.9% | 2 |
| B RILEY PRIN 250 MERGER CORP | [BRIVU](https://holderbook.com/stocks/BRIVU/) | $3.5M | 350,000 | 3.5% | 2 |
| AFRICAN GOLD ACQUISITION COR | [AGAC](https://holderbook.com/stocks/AGAC/) | $3.1M | 320,094 | 3.2% | 1 |
| GALATA ACQUISITION CORP | [GLTA](https://holderbook.com/stocks/GLTA/) | $2.8M | 288,735 | 2.9% | 2 |
| EDIFY ACQUISITION CORP | [EAC](https://holderbook.com/stocks/EAC/) | $2.7M | 273,114 | 2.7% | 2 |
| ACCEL ENTERTAINMENT INC | [ACEL](https://holderbook.com/stocks/ACEL/) | $2.6M | 200,000 | 2.7% | 2 |
| ALTENERGY ACQUISITION CORP | [AEAEU](https://holderbook.com/stocks/AEAEU/) | $2.5M | 250,025 | 2.6% | 1 |
| SEAPORT GLOBAL ACQUISITION I | [SGIIU](https://holderbook.com/stocks/SGIIU/) | $2.5M | 250,000 | 2.6% | 1 |
| EDIFY ACQUISITION CORP | [EACPU](https://holderbook.com/stocks/EACPU/) | $2.2M | 221,417 | 2.3% | 2 |
| UNISYS CORP | [UIS](https://holderbook.com/stocks/UIS/) | $2.1M | 100,000 | 2.1% | 2 |
| CINER RES LP | [SIRE](https://holderbook.com/stocks/SIRE/) | $1.6M | 100,000 | 1.7% | 2 |
| QUANTUM FINTECH ACQUISTIN CO | [QFTA](https://holderbook.com/stocks/QFTA/) | $1.6M | 164,723 | 1.7% | 2 |
| EVO ACQUISITION CORP | [EVOJU](https://holderbook.com/stocks/EVOJU/) | $1.5M | 155,208 | 1.6% | 2 |
| MACONDRAY CAP ACQUISITN CORP | [DRAYU](https://holderbook.com/stocks/DRAYU/) | $1.5M | 150,000 | 1.5% | 2 |
| FORTRESS TRANS INFRST INVS L | [FTAIXXXX](https://holderbook.com/stocks/FTAIXXXX/) | $1.4M | 47,200 | 1.4% | 2 |
| PARABELLUM ACQUISITION CORP | [PRBMU](https://holderbook.com/stocks/PRBMU/) | $1.1M | 104,868 | 1.1% | 2 |
| IHS MARKIT LTD | [INFO](https://holderbook.com/stocks/INFO/) | $1.1M | 4,000 | 1.1% | 2 |
| MAGNITE INC | [MGNI](https://holderbook.com/stocks/MGNI/) | $875.0K | 50,000 | 0.9% | 2 |
| REDBOX ENTERTAINMENT INC | [RDBXW](https://holderbook.com/stocks/RDBXW/) | $859.0K | 825,636 | 0.9% | 1 |
| FIRST MIDWEST BANCORP DEL | [FMBI](https://holderbook.com/stocks/FMBI/) | $761.0K | 37,137 | 0.8% | 2 |
| MOUNTAIN CREST ACQSTN CORP I | [MCAEU](https://holderbook.com/stocks/MCAEU/) | $690.0K | 70,000 | 0.7% | 2 |
| FERROGLOBE PLC | [GSM](https://holderbook.com/stocks/GSM/) | $621.0K | 100,000 | 0.6% | 2 |
| ACV AUCTIONS INC | [ACVA](https://holderbook.com/stocks/ACVA/) | $565.0K | 30,000 | 0.6% | 1 |
| AFRICAN GOLD ACQUISITION COR | [AGACWS](https://holderbook.com/stocks/AGACWS/) | $540.0K | 1,098,000 | 0.6% | 1 |
| COHERENT INC | [COHR](https://holderbook.com/stocks/COHR/) | $534.0K | 1,000 | 0.5% | 2 |
| RICE ACQUISITION CORP II | [RONIU](https://holderbook.com/stocks/RONIU/) | $526.0K | 50,000 | 0.5% | 2 |
| CIT GROUP INC | [CIT](https://holderbook.com/stocks/CIT/) | $513.0K | 10,000 | 0.5% | 2 |
| ATHENE HLDG LTD | [ATH](https://holderbook.com/stocks/ATH/) | $500.0K | 6,000 | 0.5% | 2 |
| BRC GROUP HOLDINGS INC | [RILY](https://holderbook.com/stocks/RILY/) | $444.0K | 5,000 | 0.5% | 2 |
| ATLANTIC CAP BANCSHARES INC | [ACBI](https://holderbook.com/stocks/ACBI/) | $437.0K | 15,200 | 0.4% | 2 |
| SIERRA METALS INC | [SMTSF](https://holderbook.com/stocks/SMTSF/) | $419.0K | 308,204 | 0.4% | 2 |
| KIMBALL INTL INC | [KBAL](https://holderbook.com/stocks/KBAL/) | $409.0K | 40,000 | 0.4% | 2 |
| EASTERN CO | [EML](https://holderbook.com/stocks/EML/) | $376.0K | 15,000 | 0.4% | 2 |
| DIRTT ENVIRONMENTAL SOLUTION | [DRTTF](https://holderbook.com/stocks/DRTTF/) | $360.0K | 165,000 | 0.4% | 1 |
| FLAGSTAR BANCORP INC | [FBC](https://holderbook.com/stocks/FBC/) | $360.0K | 7,500 | 0.4% | 1 |
| GREAT WESTN BANCORP INC | [GWB](https://holderbook.com/stocks/GWB/) | $357.0K | 10,500 | 0.4% | 2 |
| UMPQUA HLDGS CORP | [UMPQ](https://holderbook.com/stocks/UMPQ/) | $342.0K | 17,800 | 0.3% | 1 |
| GREENSKY INC | [GSKY](https://holderbook.com/stocks/GSKY/) | $341.0K | 30,000 | 0.3% | 2 |
| XENCOR INC | [XNCR](https://holderbook.com/stocks/XNCR/) | $336.0K | 8,382 | 0.3% | 2 |
| TRISTATE CAP HLDGS INC | [TSC](https://holderbook.com/stocks/TSC/) | $327.0K | 10,800 | 0.3% | 1 |
| INVESTORS BANCORP INC NEW | [ISBC](https://holderbook.com/stocks/ISBC/) | $303.0K | 20,000 | 0.3% | 2 |
| ISHARES SILVER TR | [SLV](https://holderbook.com/stocks/SLV/) | $301.0K | 14,000 | 0.3% | 2 |
| STATE STR SPDR S&P 500 ETF T | [SPY](https://holderbook.com/stocks/SPY/) | $285.0K | 600 | 0.3% | 2 |
| BRYN MAWR BK CORP | [BMTC](https://holderbook.com/stocks/BMTC/) | $260.0K | 5,786 | 0.3% | 1 |
| ATOTECH LTD | [ATC](https://holderbook.com/stocks/ATC/) | $256.0K | 10,012 | 0.3% | 2 |
| STERLING BANCORP DEL | [STL](https://holderbook.com/stocks/STL/) | $253.0K | 9,799 | 0.3% | 2 |
| NEXTNAV INC | [NNAVW](https://holderbook.com/stocks/NNAVW/) | $246.0K | 145,274 | 0.3% | 1 |
| MGM GROWTH PPTYS LLC | [MGP](https://holderbook.com/stocks/MGP/) | $229.0K | 5,600 | 0.2% | 2 |
| BOTTOMLINE TECH DEL INC | [EPAY](https://holderbook.com/stocks/EPAY/) | $226.0K | 4,000 | 0.2% | 1 |
| CHANGE HEALTHCARE INC | [CHNG](https://holderbook.com/stocks/CHNG/) | $216.0K | 5,200 | 0.2% | 2 |
| PHILLIPS 66 PARTNERS LP | [PSXP](https://holderbook.com/stocks/PSXP/) | $216.0K | 6,000 | 0.2% | 1 |
| XILINX INC | [XLNX](https://holderbook.com/stocks/XLNX/) | $212.0K | 500 | 0.2% | 1 |
| KIRKLAND LAKE GOLD LTD | [KL](https://holderbook.com/stocks/KL/) | $210.0K | 5,000 | 0.2% | 1 |
| MONMOUTH REAL ESTATE INVT CO | [MNR](https://holderbook.com/stocks/MNR/) | $210.0K | 10,000 | 0.2% | 2 |
| VONAGE HLDGS CORP | [VG](https://holderbook.com/stocks/VG/) | $208.0K | 10,000 | 0.2% | 1 |
| STATE AUTO FINL CORP | [STFC](https://holderbook.com/stocks/STFC/) | $206.0K | 2,000 | 0.2% | 2 |
| NUANCE COMMUNICATIONS INC | [NUAN](https://holderbook.com/stocks/NUAN/) | $205.0K | 3,700 | 0.2% | 2 |
| CIRCOR INTL INC | [CIR](https://holderbook.com/stocks/CIR/) | $204.0K | 7,500 | 0.2% | 1 |
| TEEKAY LNG PARTNERS L P | [TGP](https://holderbook.com/stocks/TGP/) | $204.0K | 12,071 | 0.2% | 1 |
| INTERSECT ENT INC | [XENT](https://holderbook.com/stocks/XENT/) | $191.0K | 7,000 | 0.2% | 2 |
| WELBILT INC | [WBT](https://holderbook.com/stocks/WBT/) | $190.0K | 8,000 | 0.2% | 2 |
| GALATA ACQUISITION CORP | [GLTAWS](https://holderbook.com/stocks/GLTAWS/) | $188.0K | 400,000 | 0.2% | 2 |
| DEL TACO RESTAURANTS INC | [TACO](https://holderbook.com/stocks/TACO/) | $187.0K | 15,000 | 0.2% | 1 |
| SPX FLOW INC | [FLOW](https://holderbook.com/stocks/FLOW/) | $182.0K | 2,100 | 0.2% | 1 |
| VEONEER INC | [VNE](https://holderbook.com/stocks/VNE/) | $163.0K | 4,000 | 0.2% | 2 |
| ARENA PHARMACEUTICALS INC | [ARNA](https://holderbook.com/stocks/ARNA/) | $139.0K | 1,500 | 0.1% | 1 |
| ROGERS CORP | [ROG](https://holderbook.com/stocks/ROG/) | $137.0K | 500 | 0.1% | 1 |
| CYRUSONE INC | [CONE](https://holderbook.com/stocks/CONE/) | $135.0K | 1,500 | 0.1% | 1 |
| QUIDEL CORP | [QDELXXXX](https://holderbook.com/stocks/QDELXXXX/) | $135.0K | 1,000 | 0.1% | 1 |
| QUANTUM FINTECH ACQUISTIN CO | [QFTAWS](https://holderbook.com/stocks/QFTAWS/) | $133.0K | 260,814 | 0.1% | 2 |
| COMPOSECURE INC | [CMPOW](https://holderbook.com/stocks/CMPOW/) | $130.0K | 85,050 | 0.1% | 1 |
| NORTHERN TECHNOLOGIES INTL C | [NTIC](https://holderbook.com/stocks/NTIC/) | $130.0K | 8,501 | 0.1% | 2 |
| EDIFY ACQUISITION CORP | [EACPW](https://holderbook.com/stocks/EACPW/) | $127.0K | 248,350 | 0.1% | 2 |
| GCP APPLIED TECHNOLOGIES INC | [GCP](https://holderbook.com/stocks/GCP/) | $127.0K | 4,000 | 0.1% | 1 |
| QUANTUM CORP | [QMCO](https://holderbook.com/stocks/QMCO/) | $119.0K | 21,499 | 0.1% | 2 |
| TXNM ENERGY INC | [TXNM](https://holderbook.com/stocks/TXNM/) | $109.0K | 2,000 | 0.1% | 2 |
| MCAFEE CORP | [MCFE](https://holderbook.com/stocks/MCFE/) | $103.0K | 4,000 | 0.1% | 1 |
| CASPER SLEEP INC | [CSPR](https://holderbook.com/stocks/CSPR/) | $100.0K | 15,000 | 0.1% | 1 |
| PAE INC | [PAE](https://holderbook.com/stocks/PAE/) | $99.0K | 10,000 | 0.1% | 1 |
| CERNER CORP | [CERN](https://holderbook.com/stocks/CERN/) | $93.0K | 1,000 | 0.1% | 1 |
| NEOPHOTONICS CORP | [NPTN](https://holderbook.com/stocks/NPTN/) | $92.0K | 6,000 | 0.1% | 1 |
| HEALTHCARE SERVICES ACQU COR | [HCARW](https://holderbook.com/stocks/HCARW/) | $85.0K | 164,132 | 0.1% | 2 |
| OVINTIV INC | [OVV](https://holderbook.com/stocks/OVV/) | $80.0K | 1,200 | 0.1% | 2 |
| MIMECAST LTD | [MIME](https://holderbook.com/stocks/MIME/) | $80.0K | 1,000 | 0.1% | 1 |
| COREPOINT LODGING INC | [CPLG](https://holderbook.com/stocks/CPLG/) | $79.0K | 5,000 | 0.1% | 1 |
| AMERICAN NATIONAL GROUP INC | [ANAT](https://holderbook.com/stocks/ANAT/) | $76.0K | 400 | 0.1% | 2 |
| ASPEN TECHNOLOGY INC | [AZPNXXXX](https://holderbook.com/stocks/AZPNXXXX/) | $76.0K | 500 | 0.1% | 1 |
| PIMCO INCOME STRATEGY FD II | [PFN](https://holderbook.com/stocks/PFN/) | $76.0K | 8,000 | 0.1% | 2 |
| FORTERRA INC | [FRTA](https://holderbook.com/stocks/FRTA/) | $71.0K | 3,000 | 0.1% | 2 |
| FERRO CORP | [FOE](https://holderbook.com/stocks/FOE/) | $65.0K | 3,000 | 0.1% | 2 |
| SIGNATURE BANK | [SBNY](https://holderbook.com/stocks/SBNY/) | $65.0K | 200 | 0.1% | 2 |
| AEROJET ROCKETDYNE HLDGS INC | [AJRD](https://holderbook.com/stocks/AJRD/) | $47.0K | 1,000 | 0.0% | 2 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $44.0K | 1,000 | 0.0% | 2 |
| PROSHARES TR | [TBT](https://holderbook.com/stocks/TBT/) | $44.0K | 2,625 | 0.0% | 2 |
| CECO ENVIRONMENTAL CORP | [CECO](https://holderbook.com/stocks/CECO/) | $42.0K | 6,790 | 0.0% | 2 |
| ENTEGRIS INC | [ENTG](https://holderbook.com/stocks/ENTG/) | $42.0K | 300 | 0.0% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2021 | +3.0% | +10.7% | -7.7% | 74% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2021 | $98.0M | 138 |
| Q3 2021 | $95.3M | 129 |