BREAKING🚨🚨
A company called Austin Private Wealth LLC shorted 12,000,000 shares of $DJT via a put option. The filing date is July 12th, the day before the assassination attempt.
They have around $1 Billion in assets under management and this is by far the largest put placed. According to a source the trade represents 6% of total shares and over 16%! of the float of the stock given the fact that Trump owns 60% of the company.
This is a giant bet when you consider their total AUM but wait there’s more…
fintel.io/sosh/us/djt
A company called Austin Private Wealth LLC shorted 12,000,000 shares of $DJT via a put option. The filing date is July 12th, the day before the assassination attempt.
They have around $1 Billion in assets under management and this is by far the largest put placed. According to a source the trade represents 6% of total shares and over 16%! of the float of the stock given the fact that Trump owns 60% of the company.
This is a giant bet when you consider their total AUM but wait there’s more…
fintel.io/sosh/us/djt
To make things even more interesting, my source tipped me off with the following two images from their Bloomberg terminal.
The screenshot on the left shows the Put by Austin Private Wealth LLC, that was taken earlier this morning. It shows the 120,000 puts.
As you can see their position is by far the largest, the next closest is Citadel Advisors with 16,770.
Here is where it gets interesting, the screenshot to the right was taken later in the day and poof, Austin Private Wealth LLC is nowhere to be found. Why?
The screenshot on the left shows the Put by Austin Private Wealth LLC, that was taken earlier this morning. It shows the 120,000 puts.
As you can see their position is by far the largest, the next closest is Citadel Advisors with 16,770.
Here is where it gets interesting, the screenshot to the right was taken later in the day and poof, Austin Private Wealth LLC is nowhere to be found. Why?
While you are here remember to give me a follow to stay up to date on this investigation.
Also, if you have any more information, my DM’s are open.
Also, if you have any more information, my DM’s are open.
Austin Private Wealth amended their filing on 7/16 and removed their put option on TMGT đź‘€
sec.gov/edgar/browse/?…
sec.gov/edgar/browse/?…
Another interesting thing about the amendment filed on 7/16 is that it is the only one they have ever had. I searched and their first filing was on 2-12-2020.
sec.gov/edgar/browse/?…
sec.gov/edgar/browse/?…
The plot thickens via @JG_CSTT
JUST IN:
Austin Private Wealth released the following statement about the shorted DJT.
“Statement on Incorrect Filing with the SEC
The SEC filing which showed that Austin Private Wealth shorted a large number of shares of Trump Media & Technology Group Corp (DJT) was incorrect and we immediately amended it as soon as we learned of the error.
No client of APW holds, or has ever held, a put on DJT in the quantity initially reported. The correct holding amount was 12 contracts, or 1,200 shares— not 12 million shares, as was filed in error. In submitting the required report for the second quarter of 2024, a multiplier was applied by a third-party vendor that increased the number of the shares by a multiple of 10,000 for all options contracts (not just DJT). We did not catch the error before approving the filing. We filed the report on July 12 to reflect our positions on June 28. We amended it on July 16.”
“We deeply regret this error and the concern it has caused, especially at such a fraught moment for our nation. We are committed to full transparency and maintaining the trust of our clients. As such, we are reviewing our internal procedures and our processes with the third-party vendor that assists with SEC filings to better understand how this happened and avoid similar issues moving forward.”
So just a simple gigantic clerical oversight.
Moving along.
austinprivatewealth.com/news-and-events
Austin Private Wealth released the following statement about the shorted DJT.
“Statement on Incorrect Filing with the SEC
The SEC filing which showed that Austin Private Wealth shorted a large number of shares of Trump Media & Technology Group Corp (DJT) was incorrect and we immediately amended it as soon as we learned of the error.
No client of APW holds, or has ever held, a put on DJT in the quantity initially reported. The correct holding amount was 12 contracts, or 1,200 shares— not 12 million shares, as was filed in error. In submitting the required report for the second quarter of 2024, a multiplier was applied by a third-party vendor that increased the number of the shares by a multiple of 10,000 for all options contracts (not just DJT). We did not catch the error before approving the filing. We filed the report on July 12 to reflect our positions on June 28. We amended it on July 16.”
“We deeply regret this error and the concern it has caused, especially at such a fraught moment for our nation. We are committed to full transparency and maintaining the trust of our clients. As such, we are reviewing our internal procedures and our processes with the third-party vendor that assists with SEC filings to better understand how this happened and avoid similar issues moving forward.”
So just a simple gigantic clerical oversight.
Moving along.
austinprivatewealth.com/news-and-events
I see a community notes has been added. The REPORTING DATE was 6/30 and the 13F was FILED on 7/12 as if it makes a difference. Followed by an amendment on 7/16.
Nowhere in that post did I say that the trade was made on 7/12, I was referring to the 13F filing date and even link to it.
That note should be removed, rate it accordingly.
Nowhere in that post did I say that the trade was made on 7/12, I was referring to the 13F filing date and even link to it.
That note should be removed, rate it accordingly.
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