Trailblazer Merger Corp. ITBMC

13F holders, Q3 2025 (September 30)
12holders −3
1new positions
4sold out
$11.73avg. 13F price*

At the end of Q3 2025, 12 institutions reported holding Trailblazer Merger Corp. I (TBMC) in their 13F filings, down 3 from Q2 2025. 1 opened new positions and 4 sold out. The largest holders were AQR Arbitrage LLC ($5.1M), Harraden Circle Investments, LLC ($2.5M) and Berkley W R Corp. ($2.4M).

Company
Trailblazer Merger Corp. I
CUSIP
89278D109
Latest filing quarter
Q4 2025

History

Number of 13F holders

010203040 Q1 2024: 36Q1 2024Q2 2024: 37Q2 2024Q3 2024: 29Q3 2024Q4 2024: 16Q4 2024Q1 2025: 17Q1 2025Q2 2025: 15Q2 2025Q3 2025: 12Q3 2025Q4 2025: 6Q4 2025

Total Exit/New Position Q2 2025 → Q3 2025

InstitutionsTotal Value
New Positions1$216K
Exits4$4.6M

All 13F filers, Q2 2025 → Q3 2025: 110,829 shares bought and 396,520 shares sold, net −285,691 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 12 holders

AQR Arbitrage LLC 0.18% Reduce -0.4% 435,910 $5.1M
Harraden Circle Investments, LLC 0.55% No change 217,972 $2.5M
Berkley W R Corp. 0.16% No change 205,817 $2.4M
Clear Street Group Inc. 0.01% — 186,875 $2.2M
Rivernorth Capital Management, LLC 0.11% Reduce -0.6% 160,109 $1.9M
Shay Capital LLC 0.30% Add +194.9% 140,273 $1.6M
Atw Spac Management LLC 2.04% No change 133,434 $1.6M
Boothbay Fund Management, LLC 0.04% No change 133,434 $1.6M
Glazer Capital, LLC 0.02% No change 47,600 $556K
TrueMark Investments, LLC 0.04% New 18,109 $216K
UBS Group AG 0.00% Reduce -19.8% 7,267 $85K
Morgan Stanley 0.00% Add +41.7% 17 $199

"% of holder's portfolio" is TBMC's weight in each manager's 13F, not the share of Trailblazer Merger Corp. I the manager owns.