they are claiming this is a clerical error owning nearly 3/4 of all shorts on the planet of the DJT stock in addition to 34,000,000 (!) shares shorted of Rumble. as always, follow the money
and this is a firm that barely has $1B of AUM and had 120,000 of puts on one stock? for reference the 2nd most puts on this stock over the past 90 days is 16,770. They filed an amendment on Tue 7/16, the first one in the firm's history
Austin Private Wealth LLC is also connected to the late-President George H.W. Bush, who was a client, and through his son, President George W. Bush, who attended events and was involved in the company's charitable initiatives. Bush family close associate James A. Baker III, a former Secretary of State and H.W.’s White House Chief of Staff, has served as the firms Senior Policy Director since its inception in 2006. Being that this was the largest bet the firm has ever taken, it’s fair to presume Baker had a role in making it.
Lastly, Austin Private Wealth LLC, according to their website, directly supports the ACLU, ADL Austin, Shalom Austin, Jewish Community Center, Camp Young Judaea, Congregation Beth Israel, Austin Jewish Academy, and Hadassah.