Trailblazer Merger Corporation I Rights
TBMCR
TBMCR was delisted on the 26th of March, 2026.
17 hedge funds and large institutions have $1.85M invested in Trailblazer Merger Corporation I Rights in 2025 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 2 closing their positions.
39% more capital invested
Capital invested by funds: $1.33M → $1.85M (+$524K)
15% less funds holding
Funds holding: 20 → 17 (-3)
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
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$41.4K |
| 2 |
HCM
Highbridge Capital Management
New York
|
+$3.09K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$40K |
| 2 |
Verition Fund Management
Greenwich,
Connecticut
|
-$27.4K |
| 3 |
HCM
Heights Capital Management
San Francisco,
California
|
-$27.2K |
| 4 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
-$6.37K |
| 5 |
TI
TrueMark Investments
Chicago,
Illinois
|
-$4.49K |
TBMCR Hedge Fund Activity: Q2 2025 in Review
17 of the 7,612 institutional investors tracked by Wall St. Rank reported a position in Trailblazer Merger Corporation I Rights (TBMCR) for Q2 2025, worth a combined $1.85M — up 39% from $1.33M a quarter earlier.
Sellers outnumbered buyers: 2 funds closed out of TBMCR and 1 opened new positions — a net loss of 1 holder — while 6 trimmed existing stakes and 2 added.
The largest buyer was Wealthspring Capital, adding an estimated $41.4K. The largest seller was Toronto Dominion Bank, cutting an estimated $40K.
- 17 institutional investors held Trailblazer Merger Corporation I Rights (TBMCR) as of Q2 2025, down from 20 in Q1 2025.
- Funds reported $1.85M of Trailblazer Merger Corporation I Rights stock for Q2 2025, up 39% quarter-over-quarter.
- 1 fund opened new Trailblazer Merger Corporation I Rights positions in Q2 2025 and 2 closed out, a net change of -1 holder.
- The largest Trailblazer Merger Corporation I Rights buyer in Q2 2025 was Wealthspring Capital, an estimated $41.4K added.
- The largest Trailblazer Merger Corporation I Rights seller in Q2 2025 was Toronto Dominion Bank, an estimated $40K sold.
Based on aggregated 13F filings for Q2 2025.