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HIM

HGC Investment Management Portfolio holdings

AUM $451M
1-Year Est. Return 8.76%
This Fund
S&P 500
This Quarter Est. Return
+2.83%
1 Year Est. Return
+8.76%
3 Year Est. Return
+34.17%
5 Year Est. Return
+41.5%
10 Year Est. Return
–
AUM
$472M
AUM Growth
+$61.2M
Cap. Flow
+$59.5M
Cap. Flow %
12.61%
Top 10 Hldgs %
26.73%
Holding
185
New
61
Increased
4
Reduced
20
Closed
23

Top Buys

Rank Stock Value
1
DMII
Drugs Made In America Acquisition II Corp
DMII
+$12.2M
2
SBXE.U
SilverBox Corp V Units
SBXE.U
+$9.07M
3
PAII
Pyrophyte Acquisition Corp II
PAII
+$8.55M
4
ITHAU
ITHAX Acquisition Corp III Units
ITHAU
+$7.97M
5
LPCVU
Launchpad Cadenza Acquisition Corp I Unit
LPCVU
+$7.49M

Top Sells

Rank Stock Value
1
DMIIU
Drugs Made In America Acquisition II Corp Unit
DMIIU
+$11.9M
2
PAII.U
Pyrophyte Acquisition Corp II Units
PAII.U
+$8.61M
3
CGCTU
Cartesian Growth Corp III Unit
CGCTU
+$8.14M
4
VRNA
Verona Pharma
VRNA
+$7.88M
5
AEXA
American Exceptionalism Acquisition Corp
AEXA
+$7.75M

Sector Composition

Rank Sector Weight
1 Financials 37.95%
2 Technology 2.96%
3 Healthcare 1.72%
4 Communication Services 1.64%
5 Industrials 1.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RDAG
26
Republic Digital Acquisition Co
RDAG
$389M
$6.1M 1.29%
602,741
– –
SBXE.U
27
SilverBox Corp V Units
SBXE.U
$6.1M 1.29%
+899,986
New +$9.07M
HCMA
28
HCM III Acquisition Corp
HCMA
$347M
$6.02M 1.28%
600,000
-100,000
-14% -$1.02M
CEPV
29
Cantor Equity Partners V
CEPV
$330M
$5.98M 1.27%
+583,153
New +$5.98M
TACHU
30
Titan Acquisition Corp Units
TACHU
$5.84M 1.24%
559,131
-200,000
-26% -$2.07M
BLZRU
31
Trailblazer Acquisition Corp Unit
BLZRU
$5.64M 1.2%
550,000
– –
FCRS.U
32
FutureCrest Acquisition Corp Units
FCRS.U
$5.63M 1.19%
550,000
-150,000
-21% -$1.56M
WENN
33
Wen Acquisition Corp
WENN
$389M
$5.55M 1.18%
550,000
– –
TVAIU
34
Thayer Ventures Acquisition Corporation II Unit
TVAIU
$5.41M 1.15%
525,000
– –
CFLT
35
DELISTED
Confluent
CFLT
$5.27M 1.12%
+174,258
New +$4.28M
IRHOU
36
Iron Horse Acquisitions II Corp Units
IRHOU
$5.21M 1.1%
+523,489
New +$5.21M
FIGXU
37
FIGX Capital Acquisition Corp Units
FIGXU
$5.09M 1.08%
500,000
– –
VACI.U
38
Viking Acquisition Corp I Units
VACI.U
$5.04M 1.07%
+500,000
New +$5.04M
KBONU
39
Karbon Capital Partners Corp Units
KBONU
$5.03M 1.07%
+500,000
New +$5.03M
FAC
40
Factorial Energy Inc
FAC
$638M
$4.63M 0.98%
+450,000
New +$4.57M
RDAGU
41
Republic Digital Acquisition Co Unit
RDAGU
$4.62M 0.98%
443,934
– –
NPAC
42
New Providence Acquisition Corp III
NPAC
$400M
$4.62M 0.98%
450,000
– –
GTENU
43
Gores Holdings X Units
GTENU
$283M
$4.19M 0.89%
400,000
– –
SPEGU
44
Silver Pegasus Acquisition Corp Unit
SPEGU
$4.12M 0.87%
400,000
– –
BCSS.U
45
Bain Capital GSS Investment Corp Units
BCSS.U
$4.09M 0.87%
400,000
– –
AIIA.U
46
AI Infrastructure Acquisition Corp Units
AIIA.U
$4.07M 0.86%
+400,000
New +$4.06M
CRANU
47
Crane Harbor Acquisition Corp II Units
CRANU
$267M
$4.03M 0.85%
+400,000
New +$4.02M
APXTU
48
Apex Treasury Corp Units
APXTU
$4.02M 0.85%
+400,000
New +$4.03M
BCARU
49
D. Boral ARC Acquisition I Corp Units
BCARU
$154M
$3.83M 0.81%
375,000
– –
HAVAU
50
Harvard Ave Acquisition Corporation Unit
HAVAU
$3.78M 0.8%
+375,000
New +$3.76M
1
2
3 4 5

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SIM
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MC
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CFG
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POEH
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AIS
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HGC Investment Management's Q4 2025 Portfolio in Review

As of Q4 2025, HGC Investment Management held 185 positions worth $472M, up 15% from $411M the previous quarter. Its ten largest holdings account for 27% of the portfolio.

HGC Investment Management deployed $59.5M of net new capital in Q4 2025, opening 61 new positions and adding to 4 existing holdings. Its largest new stake was Drugs Made In America Acquisition II Corp: 1,230,980 shares worth $12.2M.

By sector, the portfolio is most concentrated in Financials at 38% of assets, down from 43% a quarter earlier, followed by Technology and Healthcare.

On the sell side, the largest reduction was American Exceptionalism Acquisition Corp, an estimated $7.75M trimmed.

  • HGC Investment Management's largest Q4 2025 buy was Drugs Made In America Acquisition II Corp: 1,230,980 shares worth $12.2M.
  • HGC Investment Management added most to CyberArk in Q4 2025, an estimated $3.79M increase.
  • HGC Investment Management's biggest Q4 2025 reduction was American Exceptionalism Acquisition Corp, cutting an estimated $7.75M.
  • HGC Investment Management fully exited Drugs Made In America Acquisition II Corp Unit in Q4 2025, selling an estimated $11.9M.
  • HGC Investment Management's ten largest holdings make up 27% of its $472M portfolio in Q4 2025.
  • HGC Investment Management opened 61 new positions and closed 23 in Q4 2025.
  • HGC Investment Management's portfolio value rose 15% quarter-over-quarter to $472M.

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