Trailblazer Merger Corp I
TBMC
TBMC was delisted on the 26th of March, 2026.
34 hedge funds and large institutions have $67.7M invested in Trailblazer Merger Corp I in 2023 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 10 increasing their positions, 3 reducing their positions, and 1 closing their positions.
233% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 3
100% more first-time investments, than exits
New positions opened: 2 | Existing positions closed: 1
14% more capital invested
Capital invested by funds: $59.2M → $67.7M (+$8.46M)
8.2% more ownership
Funds ownership: 63.57% → 71.77% (+8.2%)
0% more funds holding
Funds holding: 34 → 34 (0)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$2.32M |
| 2 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
+$2.28M |
| 3 |
CAC
Cowen and Company
New York
|
+$2.13M |
| 4 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$956K |
| 5 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$520K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CM
Cohanzick Management
Pleasantville,
New York
|
-$1.3M |
| 2 |
CS
Clear Street
New York
|
-$449K |
| 3 |
GCL
Glazer Capital LLC
New York
|
-$72.6K |
| 4 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$38.4K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MC
26
Meteora Capital
Boca Raton,
Florida
| $837K | – | – | – |
|
27
Walleye Trading
New York
| $678K | – | – | – |
|
28
D.E. Shaw & Co
New York
| $523K | – | – | – |
|
|
RCM
29
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| $404K | +$56.8K | +5,470 | +16% |
|
|
TI
30
Tidal Investments
Milwaukee,
Wisconsin
| $279K | +$56.8K | +5,470 | +26% |
|
|
31
CAPTRUST Financial Advisors
Raleigh,
North Carolina
| $261K | -$38.4K | -3,696 | -13% |
|
|
WAM
32
Warberg Asset Management
Winnetka,
Illinois
| $239K | – | – | – |
|
|
TI
33
TrueMark Investments
Chicago,
Illinois
| $230K | +$229K | +22,022 | New |
|
|
CCM
34
Condor Capital Management
Martinsville,
New Jersey
| $119K | +$119K | +11,412 | New |
|
|
CS
35
Clear Street
New York
| – | -$449K | -43,480 | Closed |
|
TBMC Hedge Fund Activity: Q4 2023 in Review
34 of the 6,865 institutional investors tracked by Wall St. Rank reported a position in Trailblazer Merger Corp I (TBMC) for Q4 2023, worth a combined $67.7M — up 14% from $59.2M a quarter earlier.
Buyers outnumbered sellers: 2 funds opened new TBMC positions and 1 closed out — a net gain of 1 holder — while 10 added to existing stakes and 3 trimmed.
The largest buyer was Bulldog Investors, adding an estimated $2.32M. The largest seller was Cohanzick Management, cutting an estimated $1.3M.
- 34 institutional investors held Trailblazer Merger Corp I (TBMC) as of Q4 2023, unchanged from Q3 2023.
- Funds reported $67.7M of Trailblazer Merger Corp I stock for Q4 2023, up 14% quarter-over-quarter.
- 2 funds opened new Trailblazer Merger Corp I positions in Q4 2023 and 1 closed out, a net change of +1 holder.
- The largest Trailblazer Merger Corp I buyer in Q4 2023 was Bulldog Investors, an estimated $2.32M added.
- The largest Trailblazer Merger Corp I seller in Q4 2023 was Cohanzick Management, an estimated $1.3M sold.
Based on aggregated 13F filings for Q4 2023.