HCM III Acquisition Corp Units
HCMAU
18 hedge funds and large institutions have $19M invested in HCM III Acquisition Corp Units in 2025 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 5 increasing their positions, 4 reducing their positions, and 20 closing their positions.
25% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 4
28.53% less ownership
Funds ownership: 36.95% → 8.42% (-29%)
53% less funds holding
Funds holding: 38 → 18 (-20)
77% less capital invested
Capital invested by funds: $83.8M → $19M (-$64.8M)
95% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 20
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Clear Street
New York
|
+$686K |
| 2 |
KC
Kryger Capital
London,
United Kingdom
|
+$32.1K |
| 3 |
HF
HRT Financial
New York
|
+$14.4K |
| 4 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$14.4K |
| 5 |
WCA
Waratah Capital Advisors
Toronto,
Ontario, Canada
|
+$5.84K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$10.4M |
| 2 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$10.3M |
| 3 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
-$10.3M |
| 4 |
MTCM
Mint Tower Capital Management
Amsterdam,
Netherlands
|
-$7.73M |
| 5 |
AIMCA
Alberta Investment Management Corp (AIMCo)
Edmonton,
Alberta, Canada
|
-$5.67M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
BNP Paribas Financial Markets
Paris,
France
| – | -$1.24M | -120,600 | Closed |
|
|
SCM
27
Shaolin Capital Management
Miami,
Florida
| – | -$1.24M | -120,417 | Closed |
|
|
HIM
28
HGC Investment Management
Toronto,
Ontario, Canada
| – | -$1.03M | -100,000 | Closed |
|
|
MCM
29
Moore Capital Management
New York
| – | -$1.03M | -100,000 | Closed |
|
|
DCM
30
Driehaus Capital Management
Chicago,
Illinois
| – | -$516K | -50,000 | Closed |
|
|
GAM
31
Gritstone Asset Management
Bethesda,
Maryland
| – | -$516K | -50,000 | Closed |
|
|
GGI
32
Galaxy Group Investments
New York
| – | -$463K | -44,900 | Closed |
|
|
HCM
33
Heights Capital Management
San Francisco,
California
| – | -$380K | -36,855 | Closed |
|
|
BCM
34
BCK Capital Management
Stamford,
Connecticut
| – | -$335K | -32,459 | Closed |
|
|
AC
35
Aristeia Capital
Greenwich,
Connecticut
| – | -$258K | -25,000 | Closed |
|
|
BFM
36
Boothbay Fund Management
New York
| – | -$258K | -25,000 | Closed |
|
|
PCM
37
PenderFund Capital Management
Vancouver,
British Columbia, Canada
| – | -$10.3K | -1,000 | Closed |
|
HCMAU Hedge Fund Activity: Q4 2025 in Review
18 of the 8,239 institutional investors tracked by Wall St. Rank reported a position in HCM III Acquisition Corp Units (HCMAU) for Q4 2025, worth a combined $19M — down 77% from $83.8M a quarter earlier.
Sellers outnumbered buyers: 20 funds closed out of HCMAU and 1 opened new positions — a net loss of 19 holders — while 4 trimmed existing stakes and 5 added.
The largest buyer was Clear Street, adding an estimated $686K. The largest seller was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, cutting an estimated $10.4M.
- 18 institutional investors held HCM III Acquisition Corp Units (HCMAU) as of Q4 2025, down from 38 in Q3 2025.
- Funds reported $19M of HCM III Acquisition Corp Units stock for Q4 2025, down 77% quarter-over-quarter.
- 1 fund opened new HCM III Acquisition Corp Units positions in Q4 2025 and 20 closed out, a net change of -19 holders.
- The largest HCM III Acquisition Corp Units buyer in Q4 2025 was Clear Street, an estimated $686K added.
- The largest HCM III Acquisition Corp Units seller in Q4 2025 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $10.4M sold.
Based on aggregated 13F filings for Q4 2025.