We are live on ! Find out more
PAII

Pyrophyte Acquisition Corp II
PAII

52 hedge funds and large institutions have $190M invested in Pyrophyte Acquisition Corp II in 2025 Q4 according to their latest regulatory filings, with 17 funds opening new positions, 7 increasing their positions, 9 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

467% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 3

94.24% more ownership

Funds ownership: 0% → 94.24% (+94%)

37% more funds holding

Funds holding: 38 → 52 (+14)

28% more capital invested

Capital invested by funds: $148M → $190M (+$41.7M)

22% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 9

Holders
52
Holders Change
+14
Holders Change %
+36.84%
% of All Funds
0.63%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
17
Increased
7
Reduced
9
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HIM
HGC Investment Management
Ontario, Canada
+$8.55M
2
AIMCA
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
+$7.54M
3
PAMP
Polar Asset Management Partners
Ontario, Canada
+$7.54M
4
MCM
Moore Capital Management
New York
+$5.03M
5
MF
Magnetar Financial
Illinois
+$3.78M

Top Sellers

Rank Fund Capital Flow
1
Parallax Volatility Advisers
Parallax Volatility Advisers
California
-$2.63M
2
Verition Fund Management
Verition Fund Management
Connecticut
-$1.75M
3
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$1.74M
4
SCM
Shaolin Capital Management
Florida
-$1.21M
5
MC
Meteora Capital
Florida
-$1.21M
Name Holding Trade Value Shares
Change 		Change in
Stake
WA
26
Whitebox Advisors
Minnesota
$3.02M – – –
CS
27
Clear Street
New York
$2.99M -$1.14M -112,950 -28%
FTCM
28
First Trust Capital Management
Illinois
$2.52M – – –
HI
29
HBK Investments
Texas
$2.52M – – –
MCS
30
Mercuria Capital Strategies
Texas
$2.52M +$2.51M +250,000 New
WCMNY
31
Westchester Capital Management (New York)
New York
$2.52M +$2.51M +250,000 New
MSU
32
Mizuho Securities USA
New York
$2.49M +$1.36M +135,594 +120%
BGIM
33
Boussard & Gavaudan Investment Management
United Kingdom
$2.42M -$101K -10,000 -4%
Hudson Bay Capital Management
34
Hudson Bay Capital Management
Connecticut
$2.26M – – –
WC
35
Wealthspring Capital
New York
$2.03M +$2.03M +201,990 New
BNP Paribas Financial Markets
36
BNP Paribas Financial Markets
France
$1.84M – – –
UOC
37
UBS O'Connor
Illinois
$1.51M – – –
HCI
38
Harraden Circle Investments
New York
$1.34M +$1.34M +132,789 New
MC
39
Meteora Capital
Florida
$734K -$1.21M -120,273 -62%
LPC
40
Lineage Point Capital
Florida
$733K +$733K +72,900 New
JP Morgan Chase
41
JP Morgan Chase
New York
$595K – – –
RAM
42
Readystate Asset Management
Illinois
$571K +$571K +56,744 New
KIM
43
Karpus Investment Management
New York
$503K +$503K +50,000 New
GAM
44
Gritstone Asset Management
Maryland
$499K – – –
BFM
45
Boothbay Fund Management
New York
$402K +$402K +40,000 New
VF
46
Virtu Financial
New York
$258K +$258K +25,628 New
AA
47
ABC Arbitrage
France
$252K +$251K +25,000 New
YCM
48
Yaupon Capital Management
New York
$208K – – –
DAM
49
Deltec Asset Management
New York
$101K – – –
GCM
50
Gladius Capital Management
Illinois
$101K – – –
1
2
3

PAII Hedge Fund Activity: Q4 2025 in Review

52 of the 8,256 institutional investors tracked by Wall St. Rank reported a position in Pyrophyte Acquisition Corp II (PAII) for Q4 2025, worth a combined $190M — up 28% from $148M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new PAII positions and 3 closed out — a net gain of 14 holders — while 7 added to existing stakes and 9 trimmed.

The largest buyer was HGC Investment Management, opening a new position worth an estimated $8.55M. The largest seller was Parallax Volatility Advisers, exiting entirely with an estimated $2.63M sold.

  • 52 institutional investors held Pyrophyte Acquisition Corp II (PAII) as of Q4 2025, up from 38 in Q3 2025.
  • Funds reported $190M of Pyrophyte Acquisition Corp II stock for Q4 2025, up 28% quarter-over-quarter.
  • 17 funds opened new Pyrophyte Acquisition Corp II positions in Q4 2025 and 3 closed out, a net change of +14 holders.
  • The largest Pyrophyte Acquisition Corp II buyer in Q4 2025 was HGC Investment Management, an estimated $8.55M added.
  • The largest Pyrophyte Acquisition Corp II seller in Q4 2025 was Parallax Volatility Advisers, an estimated $2.63M sold.

Based on aggregated 13F filings for Q4 2025.