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Shell Companies
Stocks Ranked by
Market Capitalization

Name Market cap Price Price
change %
XXI
1
Twenty One Capital Inc
XXI
$1.54B
$1.54B $4.45 2.3%
CCXI
2
Churchill Capital Corp XI
CCXI
$780M
$780M $14 3.55%
DMII
3
Drugs Made In America Acquisition II Corp
DMII
$645M
$645M – –
SLVR
4
Sprott Silver Miners & Physical Silver ETF
SLVR
$626M
$626M $49.09 4.31%
EVAC
5
EQV Ventures Acquisition Corp II
EVAC
$598M
$598M $10.23 0.1%
BCSS
6
Bain Capital GSS Investment Corp
BCSS
$597M
$597M $10.22 0.1%
CEPF
7
Cantor Equity Partners IV
CEPF
$595M
$595M $10.41 0.19%
CXII
8
Churchill Capital Corp XII
CXII
$587M
$587M $10.57 0.47%
AEXA
9
American Exceptionalism Acquisition Corp
AEXA
$559M
$559M $11.30 0.09%
NWAX
10
New America Acquisition I Corp
NWAX
$505M
$505M $10.14 0%
KRSP
11
Rice Acquisition Corporation 3
KRSP
$481M
$481M $10.46 0%
GTEN
12
Gores Holdings X
GTEN
$471M
$471M $10.45 0%
GCGR
13
General Catalyst Global Resilience Merger Corp
GCGR
$470M
$470M – –
APXT
14
Apex Treasury Corp
APXT
$465M
$465M $10.12 0%
IEAG
15
Infinite Eagle Acquisition Corp
IEAG
$445M
$445M – –
KBON
16
Karbon Capital Partners Corp
KBON
$444M
$444M $10.08 0.2%
MBVI
17
M3-Brigade Acquisition VI Corp
MBVI
$439M
$439M – –
IACO
18
Idea Acquisition Corp
IACO
$434M
$434M – –
DBCA
19
D. Boral Acquisition I Corp
DBCA
$432M
$432M $9.99 0.1%
MESH
20
Meshflow Acquisition Corp
MESH
$432M
$432M $10.01 0%
KRAQ
21
KRAKacquisition Corp
KRAQ
$431M
$431M $10 –
KFII
22
K&F Growth Acquisition Corp II
KFII
$416M
$416M $10.60 0%
CLBR
23
Colombier Acquisition Corp III
CLBR
$412M
$412M $10.30 0%
NPAC
24
New Providence Acquisition Corp III
NPAC
$400M
$400M $10.42 0%
GPAT
25
GP-Act III Acquisition Corp
GPAT
$392M
$392M $10.92 0.09%
1
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Shell Companies Stocks at a Glance

Shell companies are development-stage vehicles with little or no operating revenue — blank-check entities, capital pools, and holding structures formed to acquire businesses. The investment case rests entirely on management and the eventual deal, not current fundamentals.

There are 242 Shell Companies industry stocks tracked by Wall St. Rank, worth a combined $63.8B.

The largest by market cap are Twenty One Capital Inc (XXI) at $1.54B, Churchill Capital Corp XI (CCXI) at $780M and Drugs Made In America Acquisition II Corp (DMII) at $645M.

Among institutional investors, Cantor Equity Partners VI (CEPS) drew the most net new fund positions in Q1 2026: 76 funds opened new positions.

Market caps and prices updated daily; fund activity based on aggregated SEC 13F filings for Q1 2026.