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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
NHICU
76
NewHold Investment Corp III Units
NHICU
$218M
$2.09M 0.44%
200,000
– –
ONCHU
77
1RT Acquisition Corp Units
ONCHU
$155M
$2.08M 0.44%
200,000
– –
CCXIU
78
Churchill Capital Corp XI Units
CCXIU
$531M
$2.04M 0.43%
+200,000
New +$2.05M
BDCIU
79
BTC Development Corp Unit
BDCIU
$232M
$2.03M 0.43%
200,000
– –
HVMCU
80
Highview Merger Corp Units
HVMCU
$2.03M 0.43%
200,000
– –
DYORU
81
Insight Digital Partners II Units
DYORU
$2.01M 0.43%
+200,000
New +$2.02M
HCACU
82
Hall Chadwick Acquisition Corp Unit
HCACU
$2M 0.42%
+200,000
New +$2M
MACI
83
Melar Acquisition Corp I
MACI
$236M
$1.86M 0.39%
175,000
– –
MMTXU
84
Miluna Acquisition Corp Units
MMTXU
$1.75M 0.37%
+175,000
New +$1.75M
IBIT icon
85
iShares Bitcoin Trust
IBIT
$47.2B
$1.72M 0.36%
34,606
-8,330
-19% -$473K
CRAQU
86
Cal Redwood Acquisition Corp Units
CRAQU
$1.57M 0.33%
150,000
– –
GSHRU
87
Gesher Acquisition Corp II Units
GSHRU
$1.56M 0.33%
150,000
– –
GTERU
88
Globa Terra Acquisition Corp Units
GTERU
$1.54M 0.33%
150,000
– –
UYSC
89
UY Scuti Acquisition Corp
UYSC
$1.54M 0.33%
150,000
– –
INACU
90
Indigo Acquisition Corp Unit
INACU
$1.52M 0.32%
150,000
– –
LFACU
91
Leapfrog Acquisition Corp Units
LFACU
$1.5M 0.32%
+150,000
New +$1.5M
USAS
92
Americas Gold and Silver
USAS
$1.75B
$1.48M 0.31%
+300,000
New +$1.35M
OTGAU
93
OTG Acquisition Corp I Unit
OTGAU
$1.27M 0.27%
125,000
– –
PLMKU
94
Plum Acquisition Corp IV Unit
PLMKU
$1.06M 0.22%
100,000
– –
PGAC
95
Pantages Capital Acquisition Corp
PGAC
$1.04M 0.22%
100,000
– –
KOYNU
96
CSLM Digital Asset Acquisition Corp III Units
KOYNU
$214M
$1.01M 0.21%
100,000
– –
MKLYU
97
McKinley Acquisition Corp Units
MKLYU
$1.01M 0.21%
100,000
– –
SCIIU
98
SC II Acquisition Corp Units
SCIIU
$1.01M 0.21%
+100,000
New +$1.01M
TACH
99
Titan Acquisition Corp
TACH
$361M
$513K 0.11%
+50,000
New +$511K
AACBR
100
Artius II Acquisition Inc Rights
AACBR
$495K 0.1%
1,500,000
– –
2 3
4
5 6

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SIM
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MC
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POEH
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MCM
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AIS
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EGP
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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.