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BLZRU

Trailblazer Acquisition Corp Unit
BLZRU

31 hedge funds and large institutions have $53.6M invested in Trailblazer Acquisition Corp Unit in 2025 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 3 increasing their positions, 10 reducing their positions, and 47 closing their positions.

New
Increased
Maintained
Reduced
Closed

58% less funds holding

Funds holding: 73 → 31 (-42)

70% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 10

79% less capital invested

Capital invested by funds: $254M → $53.6M (-$200M)

89% less first-time investments, than exits

New positions opened: 5 | Existing positions closed: 47

97.8% less ownership

Funds ownership: 123.97% → 26.17% (-98%)

Holders
31
Holders Change
-42
Holders Change %
-57.53%
% of All Funds
0.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
3
Reduced
10
Closed
47
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$1.1M
2
RAM
Readystate Asset Management
Illinois
+$661K
3
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$162K
4
Citadel Advisors
Citadel Advisors
Florida
+$110K
5
UBS Group
UBS Group
Switzerland
+$19.4K

Top Sellers

Rank Fund Capital Flow
1
MC
Meteora Capital
Florida
-$19.4M
2
Adage Capital Partners
Adage Capital Partners
Massachusetts
-$12.3M
3
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
-$10.3M
4
AA
AQR Arbitrage
Connecticut
-$10.3M
5
MF
Magnetar Financial
Illinois
-$10.3M
Name Holding Trade Value Shares
Change 		Change in
Stake
FIA
26
FNY Investment Advisers
New York
$43K -$5.4K -525 -11%
JP Morgan Chase
27
JP Morgan Chase
New York
$31K -$9.12M -887,284 -100%
UBS Group
28
UBS Group
Switzerland
$19.3K +$19.4K +1,886 New
Morgan Stanley
29
Morgan Stanley
New York
$5.13K – – –
CMP
30
Coston McIsaac & Partners
Maine
$1K +$1.98K +193 New
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
31
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$10 -$10.3M -999,999 -100%
MC
32
Meteora Capital
Florida
– -$19.4M -1,895,000 Closed
Adage Capital Partners
33
Adage Capital Partners
Massachusetts
– -$12.3M -1,200,000 Closed
AA
34
AQR Arbitrage
Connecticut
– -$10.3M -1,000,000 Closed
MF
35
Magnetar Financial
Illinois
– -$10.3M -1,000,000 Closed
MI
36
MMCAP International
Cayman Islands
– -$10.2M -1,000,000 Closed
PAMP
37
Polar Asset Management Partners
Ontario, Canada
– -$10.2M -1,000,000 Closed
TCM
38
Tenor Capital Management
New York
– -$10.2M -1,000,000 Closed
HCI
39
Harraden Circle Investments
New York
– -$9.63M -942,237 Closed
Two Sigma Investments
40
Two Sigma Investments
New York
– -$8.9M -869,999 Closed
SCM
41
Saba Capital Management
New York
– -$8.04M -786,316 Closed
RCM
42
Radcliffe Capital Management
Pennsylvania
– -$5.24M -512,705 Closed
LA
43
Linden Advisors
New York
– -$5.13M -500,000 Closed
PMAM
44
Picton Mahoney Asset Management
Ontario, Canada
– -$5.11M -500,000 Closed
SCM
45
Shaolin Capital Management
Florida
– -$5M -488,524 Closed
WC
46
Wealthspring Capital
New York
– -$4.93M -481,900 Closed
GCM
47
Ghisallo Capital Management
Massachusetts
– -$4.1M -400,000 Closed
MCM
48
Moore Capital Management
New York
– -$4.09M -400,000 Closed
CCM
49
Context Capital Management
California
– -$3.07M -300,000 Closed
ICP
50
Ilex Capital Partners
United Kingdom
– -$2.94M -287,871 Closed
1
2
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BLZRU Hedge Fund Activity: Q4 2025 in Review

31 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in Trailblazer Acquisition Corp Unit (BLZRU) for Q4 2025, worth a combined $53.6M — down 79% from $254M a quarter earlier.

Sellers outnumbered buyers: 47 funds closed out of BLZRU and 5 opened new positions — a net loss of 42 holders — while 10 trimmed existing stakes and 3 added.

The largest buyer was Toronto Dominion Bank, adding an estimated $1.1M. The largest seller was Meteora Capital, exiting entirely with an estimated $19.4M sold.

  • 31 institutional investors held Trailblazer Acquisition Corp Unit (BLZRU) as of Q4 2025, down from 73 in Q3 2025.
  • Funds reported $53.6M of Trailblazer Acquisition Corp Unit stock for Q4 2025, down 79% quarter-over-quarter.
  • 5 funds opened new Trailblazer Acquisition Corp Unit positions in Q4 2025 and 47 closed out, a net change of -42 holders.
  • The largest Trailblazer Acquisition Corp Unit buyer in Q4 2025 was Toronto Dominion Bank, an estimated $1.1M added.
  • The largest Trailblazer Acquisition Corp Unit seller in Q4 2025 was Meteora Capital, an estimated $19.4M sold.

Based on aggregated 13F filings for Q4 2025.