AA
TBMC

AQR Arbitrage’s Trailblazer Merger Corp I TBMC Stock Holding History

AQR Arbitrage’s Portfolio TBMC Stock Details TBMC Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-435,910
Closed -$5.1M – 544
2025
Q3 		$5.1M Sell
435,910
-1,764
-0.4% -$20.5K 0.13% 190
2025
Q2 		$5.13M Hold
437,674
– – 0.12% 166
2025
Q1 		$4.93M Hold
437,674
– – 0.12% 164
2024
Q4 		$4.86M Sell
437,674
-241,089
-36% -$2.67M 0.11% 179
2024
Q3 		$7.47M Buy
678,763
+90,000
+15% +$979K 0.16% 157
2024
Q2 		$6.35M Hold
588,763
– – 0.16% 151
2024
Q1 		$6.26M Hold
588,763
– – 0.22% 120
2023
Q4 		$6.16M Buy
588,763
+50,000
+9% +$520K 0.25% 110
2023
Q3 		$5.57M Hold
538,763
– – 0.25% 97
2023
Q2 		$5.48M Buy
+538,763
New +$5.46M 0.24% 105

Other funds holding TBMC

GCL
Glazer Capital LLC New York $4.07B AUM 78.71% 1-Year Est. Return
WRBC
W.R. Berkley Corp Greenwich, Connecticut $2.1B AUM 13.6% 1-Year Est. Return
CS
Clear Street New York $39.5B AUM 124.03% 1-Year Est. Return
SC
Shay Capital New York $1.56B AUM 46.17% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

AQR Arbitrage's TBMC Position: Q4 2025 in Review

AQR Arbitrage sold out of Trailblazer Merger Corp I (TBMC) in Q4 2025, closing a stake of 435,910 shares — an estimated $5.1M sold.

AQR Arbitrage first reported a position in TBMC in Q2 2023 and held it in 10 quarters. The position peaked at $7.47M in Q3 2024. 6 funds tracked by Wall St. Rank hold TBMC as of Q4 2025.

  • AQR Arbitrage reported no remaining Trailblazer Merger Corp I position as of Q4 2025 after selling out during the quarter.
  • AQR Arbitrage sold 435,910 Trailblazer Merger Corp I shares in Q4 2025, an estimated $5.1M.
  • AQR Arbitrage first reported a position in Trailblazer Merger Corp I in Q2 2023 and held it in 10 quarters.
  • AQR Arbitrage's Trailblazer Merger Corp I position peaked at $7.47M in Q3 2024.
  • 6 funds tracked by Wall St. Rank held Trailblazer Merger Corp I as of Q4 2025.

Based on AQR Arbitrage's 13F filing for Q4 2025, filed 17 Feb 2026.