HCM
TBMCR

Heights Capital Management’s Trailblazer Merger Corporation I Rights TBMCR Stock Holding History

Heights Capital Management’s Portfolio TBMCR Stock Details TBMCR Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-11,714
Closed -$2.93K – 211
2025
Q3 		$2.93K Sell
11,714
-32,983
-74% -$11.1K ﹤0.01% 178
2025
Q2 		$16.7K Sell
44,697
-85,303
-66% -$27.2K ﹤0.01% 124
2025
Q1 		$32.5K Hold
130,000
– – 0.02% 73
2024
Q4 		$31.2K Hold
130,000
– – 0.02% 79
2024
Q3 		$20.8K Buy
+130,000
New +$23.1K 0.02% 71

Other funds holding TBMCR

HCM
Highbridge Capital Management New York $4.11B AUM 26.03% 1-Year Est. Return
HCI
Harraden Circle Investments New York $784M AUM 20.59% 1-Year Est. Return
AA
AQR Arbitrage Greenwich, Connecticut $7.02B AUM 31.58% 1-Year Est. Return
BFM
Boothbay Fund Management New York $7.6B AUM 109.3% 1-Year Est. Return
WC
Wealthspring Capital West Harrison, New York $448M AUM 8.38% 1-Year Est. Return
LIA
Limestone Investment Advisors New York $1.35B AUM 18.42% 1-Year Est. Return
RCM
Rivernorth Capital Management West Palm Beach, Florida $2.1B AUM 2.15% 1-Year Est. Return
GF
Gabelli Funds Rye, New York $15.7B AUM 36.4% 1-Year Est. Return
CS
Clear Street New York $39.5B AUM 124.03% 1-Year Est. Return
GCIA
Gabelli & Co Investment Advisers Rye, New York $688M AUM 63.39% 1-Year Est. Return

Heights Capital Management's TBMCR Position: Q4 2025 in Review

Heights Capital Management sold out of Trailblazer Merger Corporation I Rights (TBMCR) in Q4 2025, closing a stake of 11,714 shares — an estimated $2.93K sold.

Heights Capital Management first reported a position in TBMCR in Q3 2024 and held it in 5 quarters. The position peaked at $32.5K in Q1 2025. 17 funds tracked by Wall St. Rank hold TBMCR as of Q4 2025.

  • Heights Capital Management reported no remaining Trailblazer Merger Corporation I Rights position as of Q4 2025 after selling out during the quarter.
  • Heights Capital Management sold 11,714 Trailblazer Merger Corporation I Rights shares in Q4 2025, an estimated $2.93K.
  • Heights Capital Management first reported a position in Trailblazer Merger Corporation I Rights in Q3 2024 and held it in 5 quarters.
  • Heights Capital Management's Trailblazer Merger Corporation I Rights position peaked at $32.5K in Q1 2025.
  • 17 funds tracked by Wall St. Rank held Trailblazer Merger Corporation I Rights as of Q4 2025.

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