Trailblazer Merger Corp I
TBMC
TBMC was delisted on the 26th of March, 2026.
34 hedge funds and large institutions have $59.2M invested in Trailblazer Merger Corp I in 2023 Q3 according to their latest regulatory filings, with 0 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 4 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
0% more capital invested
Capital invested by funds: $59M → $59.2M (+$255K)
0.61% less ownership
Funds ownership: 64.19% → 63.57% (-0.61%)
11% less funds holding
Funds holding: 38 → 34 (-4)
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
+$1.7M |
| 2 |
CS
Clear Street
New York
|
+$397K |
| 3 |
DAM
Deltec Asset Management
New York
|
+$360K |
| 4 |
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
|
+$291K |
| 5 |
ETH
Exos TFP Holdings
New York
|
+$213K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KC
Kepos Capital
New York
|
-$1.68M |
| 2 |
CF
Cantor Fitzgerald
New York
|
-$986K |
| 3 |
RCM
Robinson Capital Management
Grosse Pointe Farms,
Michigan
|
-$300K |
| 4 |
TI
Tidal Investments
Milwaukee,
Wisconsin
|
-$300K |
| 5 |
GCL
Glazer Capital LLC
New York
|
-$164K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MC
26
Meteora Capital
Boca Raton,
Florida
| $826K | – | – | – |
|
27
Walleye Trading
New York
| $669K | – | – | – |
|
28
D.E. Shaw & Co
New York
| $517K | – | – | – |
|
|
CS
29
Clear Street
New York
| $449K | +$397K | +38,646 | +799% |
|
|
RCM
30
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| $343K | -$300K | -29,215 | -47% |
|
31
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| $296K | – | – | – |
|
|
WAM
32
Warberg Asset Management
Winnetka,
Illinois
| $236K | +$1.92K | +187 | +0.8% |
|
|
TI
33
Tidal Investments
Milwaukee,
Wisconsin
| $219K | -$300K | -29,215 | -58% |
|
|
CC
34
Chanos & Company
New York
| $130K | – | – | – |
|
|
KC
35
Kepos Capital
New York
| – | -$1.68M | -165,000 | Closed |
|
|
CF
36
Cantor Fitzgerald
New York
| – | -$986K | -96,746 | Closed |
|
37
Royal Bank of Canada
Toronto,
Ontario, Canada
| – | -$5K | -515 | Closed |
|
|
TRCT
38
Tower Research Capital (TRC)
New York
| – | -$51 | -5 | Closed |
|
TBMC Hedge Fund Activity: Q3 2023 in Review
34 of the 6,304 institutional investors tracked by Wall St. Rank reported a position in Trailblazer Merger Corp I (TBMC) for Q3 2023, worth a combined $59.2M — up 0.43% from $59M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of TBMC and 0 opened new positions — a net loss of 4 holders — while 5 trimmed existing stakes and 7 added.
The largest buyer was Cowen and Company, adding an estimated $1.7M. The largest seller was Kepos Capital, exiting entirely with an estimated $1.68M sold.
- 34 institutional investors held Trailblazer Merger Corp I (TBMC) as of Q3 2023, down from 38 in Q2 2023.
- Funds reported $59.2M of Trailblazer Merger Corp I stock for Q3 2023, up 0.43% quarter-over-quarter.
- 0 funds opened new Trailblazer Merger Corp I positions in Q3 2023 and 4 closed out, a net change of -4 holders.
- The largest Trailblazer Merger Corp I buyer in Q3 2023 was Cowen and Company, an estimated $1.7M added.
- The largest Trailblazer Merger Corp I seller in Q3 2023 was Kepos Capital, an estimated $1.68M sold.
Based on aggregated 13F filings for Q3 2023.