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Trailblazer Merger Corp I
TBMC

Delisted

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

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12 hedge funds and large institutions have $19.8M invested in Trailblazer Merger Corp I in 2025 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 3 increasing their positions, 3 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 3

4.82% less ownership

Funds ownership: 42.74% → 37.91% (-4.8%)

20% less funds holding

Funds holding: 15 → 12 (-3)

60% less capital inflows, than outflows

Capital inflows: $1.87M | Capital outflows: $4.61M

75% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 4

Holders
12
Holders Change
-3
Holders Change %
-20%
% of All Funds
0.16%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
3
Reduced
3
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SC
Shay Capital
New York
+$1.08M
2
Clear Street
Clear Street
New York
+$579K
3
TI
TrueMark Investments
Illinois
+$211K
4
Morgan Stanley
Morgan Stanley
New York
+$58

Top Sellers

Rank Fund Capital Flow
1
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
-$2.04M
2
Mizuho Securities USA
Mizuho Securities USA
New York
-$1.54M
3
Wolverine Asset Management
Wolverine Asset Management
Illinois
-$851K
4
Citadel Advisors
Citadel Advisors
Florida
-$131K
5
UBS Group
UBS Group
Switzerland
-$20.8K

TBMC Hedge Fund Activity: Q3 2025 in Review

12 of the 7,647 institutional investors tracked by Wall St. Rank reported a position in Trailblazer Merger Corp I (TBMC) for Q3 2025, worth a combined $19.8M — down 12% from $22.5M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of TBMC and 1 opened new positions — a net loss of 3 holders — while 3 trimmed existing stakes and 3 added.

The largest buyer was Shay Capital, adding an estimated $1.08M. The largest seller was Toronto Dominion Bank, exiting entirely with an estimated $2.04M sold.

  • 12 institutional investors held Trailblazer Merger Corp I (TBMC) as of Q3 2025, down from 15 in Q2 2025.
  • Funds reported $19.8M of Trailblazer Merger Corp I stock for Q3 2025, down 12% quarter-over-quarter.
  • 1 fund opened new Trailblazer Merger Corp I positions in Q3 2025 and 4 closed out, a net change of -3 holders.
  • The largest Trailblazer Merger Corp I buyer in Q3 2025 was Shay Capital, an estimated $1.08M added.
  • The largest Trailblazer Merger Corp I seller in Q3 2025 was Toronto Dominion Bank, an estimated $2.04M sold.

Based on aggregated 13F filings for Q3 2025.