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LWACU

LightWave Acquisition Corp Units
LWACU

28 hedge funds and large institutions have $73.5M invested in LightWave Acquisition Corp Units in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 40 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 7

58% less funds holding

Funds holding: 66 → 28 (-38)

60.94% less ownership

Funds ownership: 98.84% → 37.91% (-61%)

62% less capital invested

Capital invested by funds: $192M → $73.5M (-$118M)

95% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 40

Holders
28
Holders Change
-38
Holders Change %
-57.58%
% of All Funds
0.37%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
5
Reduced
7
Closed
40
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
OAC
OMERS Administration Corp
Ontario, Canada
+$2.76M
2
WCMNY
Westchester Capital Management (New York)
New York
+$2.21M
3
NAM
Nexpoint Asset Management
Texas
+$1M
4
PC
Periscope Capital
Ontario, Canada
+$771K
5
BCM
BCK Capital Management
Connecticut
+$165K

Top Sellers

Rank Fund Capital Flow
1
AA
AQR Arbitrage
Connecticut
-$14.1M
2
TCM
Tenor Capital Management
New York
-$10.1M
3
Verition Fund Management
Verition Fund Management
Connecticut
-$8.04M
4
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
-$7.04M
5
LA
Linden Advisors
New York
-$7.04M
Name Holding Trade Value Shares
Change 		Change in
Stake
PCM
26
PenderFund Capital Management
British Columbia, Canada
$100K – – –
Toronto Dominion Bank
27
Toronto Dominion Bank
Ontario, Canada
$50.3K +$50.2K +5,000 New
GCL
28
Glazer Capital LLC
New York
$6K -$2.91M -289,418 -100%
AA
29
AQR Arbitrage
Connecticut
– -$14.1M -1,400,000 Closed
TCM
30
Tenor Capital Management
New York
– -$10.1M -1,000,000 Closed
Verition Fund Management
31
Verition Fund Management
Connecticut
– -$8.04M -800,000 Closed
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
32
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
– -$7.04M -700,000 Closed
LA
33
Linden Advisors
New York
– -$7.04M -700,000 Closed
Two Sigma Investments
34
Two Sigma Investments
New York
– -$6.84M -679,687 Closed
SCM
35
Saba Capital Management
New York
– -$6.04M -600,000 Closed
VF
36
Virtu Financial
New York
– -$4.55M -452,816 Closed
MCM
37
Moore Capital Management
New York
– -$4.52M -450,000 Closed
SCM
38
Shaolin Capital Management
Florida
– -$4.02M -400,000 Closed
RCM
39
Radcliffe Capital Management
Pennsylvania
– -$3.87M -384,680 Closed
GCM
40
Ghisallo Capital Management
Massachusetts
– -$3.27M -325,000 Closed
GL
41
Governors Lane
New York
– -$3.02M -300,000 Closed
RCM
42
Rivernorth Capital Management
Florida
– -$3.02M -300,000 Closed
MSU
43
Mizuho Securities USA
New York
– -$2.94M -293,600 Closed
Hudson Bay Capital Management
44
Hudson Bay Capital Management
Connecticut
– -$2.5M -249,000 Closed
AC
45
Aristeia Capital
Connecticut
– -$2.26M -225,000 Closed
CC
46
Centiva Capital
New York
– -$2.26M -225,000 Closed
WRBC
47
W.R. Berkley Corp
Connecticut
– -$2.25M -223,178 Closed
HCM
48
Highbridge Capital Management
New York
– -$2.01M -200,000 Closed
PMAM
49
Picton Mahoney Asset Management
Ontario, Canada
– -$2.01M -200,000 Closed
SFM
50
Soros Fund Management
New York
– -$2.01M -200,000 Closed
1
2
3

LWACU Hedge Fund Activity: Q3 2025 in Review

28 of the 7,625 institutional investors tracked by Wall St. Rank reported a position in LightWave Acquisition Corp Units (LWACU) for Q3 2025, worth a combined $73.5M — down 62% from $192M a quarter earlier.

Sellers outnumbered buyers: 40 funds closed out of LWACU and 2 opened new positions — a net loss of 38 holders — while 7 trimmed existing stakes and 5 added.

The largest buyer was OMERS Administration Corp, adding an estimated $2.76M. The largest seller was AQR Arbitrage, exiting entirely with an estimated $14.1M sold.

  • 28 institutional investors held LightWave Acquisition Corp Units (LWACU) as of Q3 2025, down from 66 in Q2 2025.
  • Funds reported $73.5M of LightWave Acquisition Corp Units stock for Q3 2025, down 62% quarter-over-quarter.
  • 2 funds opened new LightWave Acquisition Corp Units positions in Q3 2025 and 40 closed out, a net change of -38 holders.
  • The largest LightWave Acquisition Corp Units buyer in Q3 2025 was OMERS Administration Corp, an estimated $2.76M added.
  • The largest LightWave Acquisition Corp Units seller in Q3 2025 was AQR Arbitrage, an estimated $14.1M sold.

Based on aggregated 13F filings for Q3 2025.