Trailblazer Merger Corporation I Rights
TBMCR
TBMCR was delisted on the 26th of March, 2026.
25 hedge funds and large institutions have $469K invested in Trailblazer Merger Corporation I Rights in 2023 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 3 closing their positions.
7% less funds holding
Funds holding: 27 → 25 (-2)
42% less capital invested
Capital invested by funds: $808K → $469K (-$339K)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highbridge Capital Management
New York
|
+$10.2K |
| 2 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
+$9.98K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
COPPSERS
Commonwealth of Pennsylvania Public School Employees Retirement System
Harrisburg,
Pennsylvania
|
-$28K |
| 2 |
CAC
Cowen and Company
New York
|
-$7.39K |
| 3 |
CAPTRUST Financial Advisors
Raleigh,
North Carolina
|
-$4K |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$2.54K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$1.64K |
TBMCR Hedge Fund Activity: Q4 2023 in Review
25 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Trailblazer Merger Corporation I Rights (TBMCR) for Q4 2023, worth a combined $469K — down 42% from $808K a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of TBMCR and 1 opened new positions — a net loss of 2 holders — while 6 trimmed existing stakes and 2 added.
The largest buyer was Highbridge Capital Management, adding an estimated $10.2K. The largest seller was Commonwealth of Pennsylvania Public School Employees Retirement System, exiting entirely with an estimated $28K sold.
- 25 institutional investors held Trailblazer Merger Corporation I Rights (TBMCR) as of Q4 2023, down from 27 in Q3 2023.
- Funds reported $469K of Trailblazer Merger Corporation I Rights stock for Q4 2023, down 42% quarter-over-quarter.
- 1 fund opened new Trailblazer Merger Corporation I Rights positions in Q4 2023 and 3 closed out, a net change of -2 holders.
- The largest Trailblazer Merger Corporation I Rights buyer in Q4 2023 was Highbridge Capital Management, an estimated $10.2K added.
- The largest Trailblazer Merger Corporation I Rights seller in Q4 2023 was Commonwealth of Pennsylvania Public School Employees Retirement System, an estimated $28K sold.
Based on aggregated 13F filings for Q4 2023.