Trailblazer Merger Corporation I Rights (TBMCR)

• Sector: Financials
• Industry: Shell Companies

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

39% more capital invested

Capital invested by funds: $1.33M [Q1] → $1.85M (+$524K) [Q2]

15% less funds holding

Funds holding: 20 [Q1] → 17 (-3) [Q2]

50% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 2

67% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 6