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TBMC

Trailblazer Merger Corp I
TBMC

Delisted

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

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36 hedge funds and large institutions have $66.7M invested in Trailblazer Merger Corp I in 2024 Q1 according to their latest regulatory filings, with 6 funds opening new positions, 2 increasing their positions, 10 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 6 | Existing positions closed: 3

6% more funds holding

Funds holding: 34 → 36 (+2)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

1% less capital invested

Capital invested by funds: $67.7M → $66.7M (-$968K)

1.99% less ownership

Funds ownership: 71.77% → 69.78% (-2%)

80% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 10

Holders
36
Holders Change
+2
Holders Change %
+5.88%
% of All Funds
0.52%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
6
Increased
2
Reduced
10
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
WRBC
W.R. Berkley Corp
Connecticut
+$1.68M
2
KIM
Karpus Investment Management
New York
+$1.33M
3
MSU
Mizuho Securities USA
New York
+$336K
4
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$134K
5
WAM
Warberg Asset Management
Illinois
+$119K

Top Sellers

Rank Fund Capital Flow
1
MP
Mangrove Partners
Connecticut
-$3.32M
2
BI
Bulldog Investors
New Jersey
-$2.12M
3
CM
Cohanzick Management
New York
-$1.31M
4
KL
KIM LLC
Kansas
-$263K
5
CAPTRUST Financial Advisors
CAPTRUST Financial Advisors
North Carolina
-$261K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
1
AQR Arbitrage
Connecticut
$6.26M – – –
SIA
2
Schechter Investment Advisors
Michigan
$4.56M -$221K -20,980 -5%
CAC
3
Cowen and Company
New York
$3.92M -$252K -23,953 -6%
BFM
4
Boothbay Fund Management
New York
$3.57M – – –
ASM
5
ATW SPAC Management
New York
$3.57M – – –
KL
6
KIM LLC
Kansas
$3.19M -$263K -25,000 -8%
EAM
7
Exos Asset Management
New York
$3.19M +$3.17M +301,322 New
YCM
8
Yakira Capital Management
Connecticut
$2.96M – – –
BI
9
Bulldog Investors
New Jersey
$2.76M -$2.12M -201,631 -44%
KIM
10
Karpus Investment Management
New York
$2.75M +$1.33M +126,895 +96%
COPPSERS
11
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$2.74M – – –
CA
12
Crossingbridge Advisors
New York
$2.61M +$2.58M +245,600 New
Verition Fund Management
13
Verition Fund Management
Connecticut
$2.43M – – –
WC
14
Wealthspring Capital
New York
$1.91M -$122K -11,560 -6%
CCM
15
CAAS Capital Management
New York
$1.8M – – –
HIM
16
HGC Investment Management
Ontario, Canada
$1.75M – – –
RCM
17
Rivernorth Capital Management
Florida
$1.7M -$30.8K -2,934 -2%
WRBC
18
W.R. Berkley Corp
Connecticut
$1.7M +$1.68M +160,042 New
Two Sigma Investments
19
Two Sigma Investments
New York
$1.59M – – –
GCL
20
Glazer Capital LLC
New York
$1.49M -$53.8K -5,114 -4%
GF
21
Gabelli Funds
New York
$1.47M – – –
CH
22
CVI Holdings
Delaware
$1.38M – – –
Walleye Capital
23
Walleye Capital
New York
$1.22M – – –
GCIA
24
Gabelli & Co Investment Advisers
New York
$1.18M – – –
DAM
25
Deltec Asset Management
New York
$1.16M – – –
1
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TBMC Hedge Fund Activity: Q1 2024 in Review

36 of the 6,948 institutional investors tracked by Wall St. Rank reported a position in Trailblazer Merger Corp I (TBMC) for Q1 2024, worth a combined $66.7M — down 1.4% from $67.7M a quarter earlier.

Buyers outnumbered sellers: 6 funds opened new TBMC positions and 3 closed out — a net gain of 3 holders — while 2 added to existing stakes and 10 trimmed.

The largest buyer was W.R. Berkley Corp, opening a new position worth an estimated $1.68M. The largest seller was Mangrove Partners, exiting entirely with an estimated $3.32M sold.

  • 36 institutional investors held Trailblazer Merger Corp I (TBMC) as of Q1 2024, up from 34 in Q4 2023.
  • Funds reported $66.7M of Trailblazer Merger Corp I stock for Q1 2024, down 1.4% quarter-over-quarter.
  • 6 funds opened new Trailblazer Merger Corp I positions in Q1 2024 and 3 closed out, a net change of +3 holders.
  • The largest Trailblazer Merger Corp I buyer in Q1 2024 was W.R. Berkley Corp, an estimated $1.68M added.
  • The largest Trailblazer Merger Corp I seller in Q1 2024 was Mangrove Partners, an estimated $3.32M sold.

Based on aggregated 13F filings for Q1 2024.