Burtech Acquisition -CW23BZAIWPreferred / convertible

13F holders, Q3 2025 (September 30)
23holders
4new positions
2sold out
1famous investor
$0.62avg. 13F price*

At the end of Q3 2025, 23 institutions reported holding Burtech Acquisition -CW23 (BZAIW) in their 13F filings, unchanged from Q2 2025. 4 opened new positions and 2 sold out. The largest holders were Calamos Advisors LLC ($621K), Saba Capital Management, L.P. ($615K) and D. E. Shaw & Co. ($559K). One famous investor held it David E. Shaw ( of D. E. Shaw & Co.'s portfolio).

Company
Burtech Acquisition -CW23
Filed as
BLAIZE HLDGS INC (Q3 2025)
CUSIP
092915115
Latest filing quarter
Q2 2026

History

Number of 13F holders

0510152025 Q1 2025: 23Q1 2025Q2 2025: 23Q2 2025Q3 2025: 23Q3 2025Q4 2025: 20Q4 2025Q1 2026: 21Q1 2026Q2 2026: 21Q2 2026

Total Exit/New Position Q2 2025 → Q3 2025

InstitutionsTotal Value
New Positions4$587K
Exits2$44K

All 13F filers, Q2 2025 → Q3 2025: 1,337,076 shares bought and 774,408 shares sold, net +562,668 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 23 holders

Calamos Advisors LLC — No change 1,000,000 $621K
Saba Capital Management, L.P. — Reduce -6.8% 989,878 $615K
D. E. Shaw & Co. — No change 900,000 $559K
Meteora Capital, LLC — Add +86.7% 793,489 $493K
MMCAP International Inc. SPC — No change 750,000 $466K
LMR Partners LLP — No change 615,000 $382K
Caption Management, LLC — New 478,991 $298K
Hudson Bay Capital Management LP — New 331,000 $206K
Clear Street Group Inc. — — 291,429 $181K
Q Global Advisors, LLC — Reduce -24.9% 250,000 $155K
Sculptor Capital LP — Reduce -28.6% 250,000 $154K
Whitebox Advisors LLC — No change 209,250 $130K
Aristeia Capital, L.L.C. — No change 201,367 $124K
Wolverine Asset Management LLC — Add +17.2% 158,928 $99K
Creative Planning — No change 134,700 $84K
Ionic Capital Management LLC — New 119,600 $74K
Apollon Wealth Management, LLC — Reduce -21.0% 105,500 $66K
SkyView Investment Advisors, LLC — No change 100,000 $62K
Shaolin Capital Management LLC — Reduce -53.3% 70,000 $43K
Rpo LLC — No change 45,520 $28K
Yakira Capital Management, Inc. — Reduce -35.1% 41,439 $26K
Polar Asset Management Partners Inc. — Reduce -87.3% 39,900 $25K
Susquehanna International Group, LLP — New 15,633 $10K

"% of holder's portfolio" is BZAIW's weight in each manager's 13F, not the share of Burtech Acquisition -CW23 the manager owns.