We are live on ! Find out more
TBMC

Trailblazer Merger Corp I
TBMC

Delisted

TBMC was delisted on the 26th of March, 2026.

Back to rankings

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
34
Holders Change
–
Holders Change %
0%
% of All Funds
0.5%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
2
Increased
10
Reduced
3
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
BI
Bulldog Investors
New Jersey
+$2.32M
2
SIA
Schechter Investment Advisors
Michigan
+$2.28M
3
CAC
Cowen and Company
New York
+$2.13M
4
WC
Wealthspring Capital
New York
+$956K
5
AA
AQR Arbitrage
Connecticut
+$520K

Top Sellers

Rank Fund Capital Flow
1
CM
Cohanzick Management
New York
-$1.3M
2
CS
Clear Street
New York
-$449K
3
GCL
Glazer Capital LLC
New York
-$72.6K
4
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
-$38.4K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
1
AQR Arbitrage
Connecticut
$6.16M +$520K +50,000 +9%
BI
2
Bulldog Investors
New Jersey
$4.82M +$2.32M +223,704 +94%
SIA
3
Schechter Investment Advisors
Michigan
$4.73M +$2.28M +219,651 +94%
CAC
4
Cowen and Company
New York
$4.12M +$2.13M +205,380 +109%
ASM
5
ATW SPAC Management
New York
$3.52M – – –
BFM
6
Boothbay Fund Management
New York
$3.52M – – –
KL
7
KIM LLC
Kansas
$3.4M +$520K +50,000 +18%
MP
8
Mangrove Partners
Connecticut
$3.32M – – –
ETH
9
Exos TFP Holdings
New York
$3.15M – – –
YCM
10
Yakira Capital Management
Connecticut
$2.92M – – –
COPPSERS
11
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$2.71M +$260K +25,000 +11%
Verition Fund Management
12
Verition Fund Management
Connecticut
$2.4M – – –
WC
13
Wealthspring Capital
New York
$2.01M +$956K +92,030 +92%
CCM
14
CAAS Capital Management
New York
$1.78M – – –
HIM
15
HGC Investment Management
Ontario, Canada
$1.73M – – –
RCM
16
Rivernorth Capital Management
Florida
$1.72M – – –
Two Sigma Investments
17
Two Sigma Investments
New York
$1.57M – – –
GCL
18
Glazer Capital LLC
New York
$1.53M -$72.6K -6,985 -5%
GF
19
Gabelli Funds
New York
$1.45M – – –
KIM
20
Karpus Investment Management
New York
$1.39M +$218K +21,000 +19%
CH
21
CVI Holdings
Delaware
$1.36M – – –
CM
22
Cohanzick Management
New York
$1.31M -$1.3M -125,000 -50%
Walleye Capital
23
Walleye Capital
New York
$1.2M – – –
GCIA
24
Gabelli & Co Investment Advisers
New York
$1.16M – – –
DAM
25
Deltec Asset Management
New York
$1.15M – – –
1
2

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.