Trailblazer Merger Corporation I Rights
TBMCR
TBMCR was delisted on the 26th of March, 2026.
17 hedge funds and large institutions have $1.11M invested in Trailblazer Merger Corporation I Rights in 2025 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 5 reducing their positions, and 1 closing their positions.
0% more first-time investments, than exits
New positions opened: 1 | Existing positions closed: 1
6% less funds holding
Funds holding: 18 → 17 (-1)
7% less capital invested
Capital invested by funds: $1.2M → $1.11M (-$83.1K)
80% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highbridge Capital Management
New York
|
+$15K |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$5.31K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Heights Capital Management
San Francisco,
California
|
-$2.93K |
| 2 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$1.5K |
| 3 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$225 |
| 4 |
Bank of America
Charlotte,
North Carolina
|
-$30 |
| 5 |
CS
Clear Street
New York
|
-$30 |
TBMCR Hedge Fund Activity: Q4 2025 in Review
17 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Trailblazer Merger Corporation I Rights (TBMCR) for Q4 2025, worth a combined $1.11M — down 6.9% from $1.2M a quarter earlier.
Fund positioning in TBMCR was balanced in Q4 2025: 1 fund opened new positions, 1 closed out, 1 added to existing stakes and 5 trimmed.
The largest buyer was Highbridge Capital Management, adding an estimated $15K. The largest seller was Heights Capital Management, exiting entirely with an estimated $2.93K sold.
- 17 institutional investors held Trailblazer Merger Corporation I Rights (TBMCR) as of Q4 2025, down from 18 in Q3 2025.
- Funds reported $1.11M of Trailblazer Merger Corporation I Rights stock for Q4 2025, down 6.9% quarter-over-quarter.
- 1 fund opened new Trailblazer Merger Corporation I Rights positions in Q4 2025 and 1 closed out, a net change of 0 holders.
- The largest Trailblazer Merger Corporation I Rights buyer in Q4 2025 was Highbridge Capital Management, an estimated $15K added.
- The largest Trailblazer Merger Corporation I Rights seller in Q4 2025 was Heights Capital Management, an estimated $2.93K sold.
Based on aggregated 13F filings for Q4 2025.