BFM
TBMC

Boothbay Fund Management’s Trailblazer Merger Corp I TBMC Stock Holding History

Boothbay Fund Management’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
-133,434
Closed -$1.56M – 2358
2025
Q3 		$1.56M Hold
133,434
– – 0.02% 663
2025
Q2 		$1.56M Sell
133,434
-89,566
-40% -$1.05M 0.03% 558
2025
Q1 		$2.52M Hold
223,000
– – 0.07% 377
2024
Q4 		$2.48M Buy
+223,000
New +$2.47M 0.06% 387
2024
Q3 		– Sell
-336,600
Closed -$3.64M – 1934
2024
Q2 		$3.64M Hold
336,600
– – 0.09% 317
2024
Q1 		$3.57M Hold
336,600
– – 0.07% 328
2023
Q4 		$3.52M Hold
336,600
– – 0.09% 311
2023
Q3 		$3.48M Hold
336,600
– – 0.08% 323
2023
Q2 		$3.43M Buy
+336,600
New +$3.41M 0.08% 360

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

Boothbay Fund Management's TBMC Position: Q4 2025 in Review

Boothbay Fund Management sold out of Trailblazer Merger Corp I (TBMC) in Q4 2025, closing a stake of 133,434 shares — an estimated $1.56M sold.

Boothbay Fund Management first reported a position in TBMC in Q2 2023 and held it in 9 quarters. The position peaked at $3.64M in Q2 2024. 6 funds tracked by Wall St. Rank hold TBMC as of Q4 2025.

  • Boothbay Fund Management reported no remaining Trailblazer Merger Corp I position as of Q4 2025 after selling out during the quarter.
  • Boothbay Fund Management sold 133,434 Trailblazer Merger Corp I shares in Q4 2025, an estimated $1.56M.
  • Boothbay Fund Management first reported a position in Trailblazer Merger Corp I in Q2 2023 and held it in 9 quarters.
  • Boothbay Fund Management's Trailblazer Merger Corp I position peaked at $3.64M in Q2 2024.
  • 6 funds tracked by Wall St. Rank held Trailblazer Merger Corp I as of Q4 2025.

Based on Boothbay Fund Management's 13F filing for Q4 2025, filed 17 Feb 2026.