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TBMC

Trailblazer Merger Corp I
TBMC

Delisted

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

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17 hedge funds and large institutions have $26.1M invested in Trailblazer Merger Corp I in 2025 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 5 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 1

6% more funds holding

Funds holding: 16 → 17 (+1)

1% more capital invested

Capital invested by funds: $25.8M → $26.1M (+$301K)

0.01% less ownership

Funds ownership: 51.61% → 51.59% (-0.01%)

40% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 5

Holders
17
Holders Change
+1
Holders Change %
+6.25%
% of All Funds
0.23%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
3
Reduced
5
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CS
Clear Street
New York
+$254K
2
WAM
Wolverine Asset Management
Illinois
+$166K
3
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$89.3K
4
MSU
Mizuho Securities USA
New York
+$13.4K
5
Morgan Stanley
Morgan Stanley
New York
+$156

Top Sellers

Rank Fund Capital Flow
1
MC
Meteora Capital
Florida
-$378K
2
KIM
Karpus Investment Management
New York
-$96.1K
3
GCL
Glazer Capital LLC
New York
-$33.5K
4
UBS Group
UBS Group
Switzerland
-$11.4K
5
Susquehanna International Group
Susquehanna International Group
Pennsylvania
-$9.57K
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
1
AQR Arbitrage
Connecticut
$4.93M – – –
Toronto Dominion Bank
2
Toronto Dominion Bank
Ontario, Canada
$2.79M +$89.3K +8,000 +3%
KIM
3
Karpus Investment Management
New York
$2.68M -$96.1K -8,600 -3%
BFM
4
Boothbay Fund Management
New York
$2.52M – – –
ASM
5
ATW SPAC Management
New York
$2.51M – – –
HCI
6
Harraden Circle Investments
New York
$2.45M – – –
WRBC
7
W.R. Berkley Corp
Connecticut
$2.32M – – –
RCM
8
Rivernorth Capital Management
Florida
$1.81M – – –
WAM
9
Wolverine Asset Management
Illinois
$1.65M +$166K +14,851 +11%
MSU
10
Mizuho Securities USA
New York
$934K +$13.4K +1,201 +1%
GCL
11
Glazer Capital LLC
New York
$557K -$33.5K -3,000 -6%
MC
12
Meteora Capital
Florida
$338K -$378K -33,866 -53%
CS
13
Clear Street
New York
$227K +$254K +22,718 New
TI
14
TrueMark Investments
Illinois
$215K – – –
Susquehanna International Group
15
Susquehanna International Group
Pennsylvania
$176K -$9.57K -857 -5%
UBS Group
16
UBS Group
Switzerland
$7.85K -$11.4K -1,020 -59%
Morgan Stanley
17
Morgan Stanley
New York
$158 +$156 +14 New
TRCT
18
Tower Research Capital (TRC)
New York
– -$1.03K -93 Closed

TBMC Hedge Fund Activity: Q1 2025 in Review

17 of the 7,466 institutional investors tracked by Wall St. Rank reported a position in Trailblazer Merger Corp I (TBMC) for Q1 2025, worth a combined $26.1M — up 1.2% from $25.8M a quarter earlier.

Buyers outnumbered sellers: 2 funds opened new TBMC positions and 1 closed out — a net gain of 1 holder — while 3 added to existing stakes and 5 trimmed.

The largest buyer was Clear Street, opening a new position worth an estimated $254K. The largest seller was Meteora Capital, cutting an estimated $378K.

  • 17 institutional investors held Trailblazer Merger Corp I (TBMC) as of Q1 2025, up from 16 in Q4 2024.
  • Funds reported $26.1M of Trailblazer Merger Corp I stock for Q1 2025, up 1.2% quarter-over-quarter.
  • 2 funds opened new Trailblazer Merger Corp I positions in Q1 2025 and 1 closed out, a net change of +1 holder.
  • The largest Trailblazer Merger Corp I buyer in Q1 2025 was Clear Street, an estimated $254K added.
  • The largest Trailblazer Merger Corp I seller in Q1 2025 was Meteora Capital, an estimated $378K sold.

Based on aggregated 13F filings for Q1 2025.