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)
50% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 10
76% less capital inflows, than outflows
Capital inflows: $4.48M | Capital outflows: $19M
78% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Clear Street
New York
|
+$2.68M |
| 2 |
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 |
Boothbay Fund Management
New York
|
-$3.64M |
| 3 |
Verition Fund Management
Greenwich,
Connecticut
|
-$2.55M |
| 4 |
Cowen and Company
New York
|
-$2.41M |
| 5 |
Walleye Capital
New York
|
-$1.24M |
TBMC Hedge Fund Activity: Q3 2024 in Review
29 of the 6,983 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.