Trailblazer Merger Corp.-RTSTBMCRPreferred / convertible

13F holders, Q4 2025 (December 31)
17holders −1
1new positions
1sold out
1famous investor
$0.24avg. 13F price*

At the end of Q4 2025, 17 institutions reported holding Trailblazer Merger Corp.-RTS (TBMCR) in their 13F filings, down 1 from Q3 2025. 1 opened new positions and 1 sold out. The largest holders were Highbridge Capital Management LLC ($409K), Harraden Circle Investments, LLC ($208K) and AQR Arbitrage LLC ($131K). One famous investor held it David E. Shaw ( of D. E. Shaw & Co.'s portfolio).

Company
Trailblazer Merger Corp.-RTS
CUSIP
89278D125
Latest filing quarter
Q4 2025

History

Number of 13F holders

0510152025 Q1 2024: 24Q1 2024Q2 2024: 23Q2 2024Q3 2024: 22Q3 2024Q4 2024: 19Q4 2024Q1 2025: 20Q1 2025Q2 2025: 17Q2 2025Q3 2025: 18Q3 2025Q4 2025: 17Q4 2025

Total Exit/New Position Q3 2025 → Q4 2025

InstitutionsTotal Value
New Positions1$4K
Exits1$3K

All 13F filers, Q3 2025 → Q4 2025: 67,839 shares bought and 17,767 shares sold, net +50,072 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 17 holders

Highbridge Capital Management LLC — Add +3.1% 1,685,264 $409K
Harraden Circle Investments, LLC — No change 857,046 $208K
AQR Arbitrage LLC — No change 538,763 $131K
Boothbay Fund Management, LLC — No change 336,600 $82K
Wealthspring Capital LLC — Reduce -2.3% 211,300 $51K
Limestone Investment Advisors LP — No change 170,000 $41K
Rivernorth Capital Management, LLC — No change 161,088 $39K
Gabelli Funds LLC — No change 139,050 $34K
Clear Street Group Inc. — Reduce -0.1% 138,608 $34K
GABELLI & Co INVESTMENT ADVISERS, INC. — No change 110,950 $27K
Bulldog Investors, LLP — Reduce -1.0% 74,399 $18K
Yakira Capital Management, Inc. — No change 74,118 $18K
D. E. Shaw & Co. — No change 50,000 $12K
TrueMark Investments, LLC — No change 19,088 $5K
Susquehanna International Group, LLP — New 17,739 $4K
Toronto Dominion Bank — Reduce -1.0% 9,900 $2K
Bank of America Corp. — Reduce -33.3% 200 $48

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