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PAII

Pyrophyte Acquisition Corp II
PAII

54 hedge funds and large institutions have $195M invested in Pyrophyte Acquisition Corp II in 2026 Q1 according to their latest regulatory filings, with 5 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 2

4% more funds holding

Funds holding: 52 → 54 (+2)

1.81% more ownership

Funds ownership: 94.24% → 96.05% (+1.8%)

3% more capital invested

Capital invested by funds: $190M → $195M (+$5.25M)

33% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 12

Holders
54
Holders Change
+2
Holders Change %
+3.85%
% of All Funds
0.66%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
5
Increased
8
Reduced
12
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MC
Meteora Capital
Florida
+$7.58M
2
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
+$7.09M
3
Parallax Volatility Advisers
Parallax Volatility Advisers
California
+$2.66M
4
BCM
BlueCrest Capital Management
Jersey
+$2.26M
5
SAMU
SONA Asset Management (US)
New York
+$1.54M

Top Sellers

Rank Fund Capital Flow
1
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
-$8.55M
2
SC
Sculptor Capital
New York
-$3.76M
3
PAMP
Polar Asset Management Partners
Ontario, Canada
-$2.02M
4
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$1.28M
5
Verition Fund Management
Verition Fund Management
Connecticut
-$1.28M
Name Holding Trade Value Shares
Change 		Change in
Stake
COPPSERS
26
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$3.03M – – –
Parallax Volatility Advisers
27
Parallax Volatility Advisers
California
$2.66M +$2.66M +262,368 New
FTCM
28
First Trust Capital Management
Illinois
$2.54M – – –
HI
29
HBK Investments
Texas
$2.54M – – –
MCS
30
Mercuria Capital Strategies
Texas
$2.54M – – –
WCMNY
31
Westchester Capital Management (New York)
New York
$2.52M – – –
BGIM
32
Boussard & Gavaudan Investment Management
United Kingdom
$2.44M – – –
BCM
33
BlueCrest Capital Management
Jersey
$2.26M +$2.26M +223,000 New
BNP Paribas Financial Markets
34
BNP Paribas Financial Markets
France
$2.08M +$231K +22,800 +12%
CS
35
Clear Street
New York
$2.08M -$933K -92,216 -31%
WC
36
Wealthspring Capital
New York
$1.99M -$44.7K -4,420 -2%
MSU
37
Mizuho Securities USA
New York
$1.98M -$516K -51,027 -21%
SAMU
38
SONA Asset Management (US)
New York
$1.54M +$1.54M +151,757 New
OCAI
39
O'Connor Alternative Investments
New York
$1.52M +$1.52M +150,000 New
HCI
40
Harraden Circle Investments
New York
$755K -$849K -83,866 -63%
LPC
41
Lineage Point Capital
Florida
$737K – – –
JP Morgan Chase
42
JP Morgan Chase
New York
$600K – – –
RAM
43
Readystate Asset Management
Illinois
$575K – – –
VF
44
Virtu Financial
New York
$518K +$258K +25,456 +99%
KIM
45
Karpus Investment Management
New York
$505K – – –
GAM
46
Gritstone Asset Management
Maryland
$503K – – –
BFM
47
Boothbay Fund Management
New York
$406K – – –
AA
48
ABC Arbitrage
France
$254K – – –
YCM
49
Yaupon Capital Management
New York
$210K – – –
Susquehanna International Group
50
Susquehanna International Group
Pennsylvania
$153K +$153K +15,109 New
1
2
3

PAII Hedge Fund Activity: Q1 2026 in Review

54 of the 8,169 institutional investors tracked by Wall St. Rank reported a position in Pyrophyte Acquisition Corp II (PAII) for Q1 2026, worth a combined $195M — up 2.8% from $190M a quarter earlier.

Buyers outnumbered sellers: 5 funds opened new PAII positions and 2 closed out — a net gain of 3 holders — while 8 added to existing stakes and 12 trimmed.

The largest buyer was Meteora Capital, adding an estimated $7.58M. The largest seller was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, exiting entirely with an estimated $8.55M sold.

  • 54 institutional investors held Pyrophyte Acquisition Corp II (PAII) as of Q1 2026, up from 52 in Q4 2025.
  • Funds reported $195M of Pyrophyte Acquisition Corp II stock for Q1 2026, up 2.8% quarter-over-quarter.
  • 5 funds opened new Pyrophyte Acquisition Corp II positions in Q1 2026 and 2 closed out, a net change of +3 holders.
  • The largest Pyrophyte Acquisition Corp II buyer in Q1 2026 was Meteora Capital, an estimated $7.58M added.
  • The largest Pyrophyte Acquisition Corp II seller in Q1 2026 was Healthcare of Ontario Pension Plan (HOOPP) Trust Fund, an estimated $8.55M sold.

Based on aggregated 13F filings for Q1 2026.