Trailblazer Merger Corp I
TBMC
TBMC was delisted on the 26th of March, 2026.
29 hedge funds and large institutions have $51.1M invested in Trailblazer Merger Corp I in 2024 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 10 reducing their positions, and 9 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
16.35% less ownership
Funds ownership: 67.81% → 51.46% (-16%)
22% less funds holding
Funds holding: 37 → 29 (-8)
23% less capital invested
Capital invested by funds: $66.1M → $51.1M (-$15M)
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
78% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CS
Clear Street
New York
|
+$2.68M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
+$979K |
| 3 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$496K |
| 4 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$283K |
| 5 |
QL
Quarry LP
New York
|
+$29.5K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
-$4.14M |
| 2 |
BFM
Boothbay Fund Management
New York
|
-$3.64M |
| 3 |
Verition Fund Management
Greenwich,
Connecticut
|
-$2.55M |
| 4 |
CAC
Cowen and Company
New York
|
-$2.41M |
| 5 |
Walleye Capital
New York
|
-$1.24M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
QL
26
Quarry LP
New York
| $88.3K | +$29.5K | +2,710 | +51% |
|
|
WAM
27
Wolverine Asset Management
Chicago,
Illinois
| $4.4K | +$4.35K | +400 | New |
|
28
UBS Group
Zurich,
Switzerland
| $4.08K | -$15.5K | -1,423 | -79% |
|
|
TRCT
29
Tower Research Capital (TRC)
New York
| $1.02K | – | – | – |
|
|
BFM
30
Boothbay Fund Management
New York
| – | -$3.64M | -336,600 | Closed |
|
|
31
Verition Fund Management
Greenwich,
Connecticut
| – | -$2.55M | -236,706 | Closed |
|
|
32
Walleye Capital
New York
| – | -$1.24M | -115,200 | Closed |
|
|
MSU
33
Mizuho Securities USA
New York
| – | -$1.1M | -102,203 | Closed |
|
|
KL
34
KIM LLC
Wichita,
Kansas
| – | -$1.08M | -100,000 | Closed |
|
35
Walleye Trading
New York
| – | -$700K | -64,800 | Closed |
|
|
WAM
36
Warberg Asset Management
Winnetka,
Illinois
| – | -$473K | -43,736 | Closed |
|
|
CCM
37
Condor Capital Management
Martinsville,
New Jersey
| – | -$123K | -11,412 | Closed |
|
|
VF
38
Virtu Financial
New York
| – | -$114K | -10,541 | Closed |
|
TBMC Hedge Fund Activity: Q3 2024 in Review
29 of the 6,971 institutional investors tracked by Wall St. Rank reported a position in Trailblazer Merger Corp I (TBMC) for Q3 2024, worth a combined $51.1M — down 23% from $66.1M a quarter earlier.
Sellers outnumbered buyers: 9 funds closed out of TBMC and 2 opened new positions — a net loss of 7 holders — while 10 trimmed existing stakes and 5 added.
The largest buyer was Clear Street, adding an estimated $2.68M. The largest seller was W.R. Berkley Corp, cutting an estimated $4.14M.
- 29 institutional investors held Trailblazer Merger Corp I (TBMC) as of Q3 2024, down from 37 in Q2 2024.
- Funds reported $51.1M of Trailblazer Merger Corp I stock for Q3 2024, down 23% quarter-over-quarter.
- 2 funds opened new Trailblazer Merger Corp I positions in Q3 2024 and 9 closed out, a net change of -7 holders.
- The largest Trailblazer Merger Corp I buyer in Q3 2024 was Clear Street, an estimated $2.68M added.
- The largest Trailblazer Merger Corp I seller in Q3 2024 was W.R. Berkley Corp, an estimated $4.14M sold.
Based on aggregated 13F filings for Q3 2024.