Translational Development Acquisition Corp
TDAC
41 hedge funds and large institutions have $156M invested in Translational Development Acquisition Corp in 2025 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 5 increasing their positions, 11 reducing their positions, and 1 closing their positions.
300% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 1
9% more capital invested
Capital invested by funds: $142M → $156M (+$13.3M)
8% more funds holding
Funds holding: 38 → 41 (+3)
7.67% more ownership
Funds ownership: 80.93% → 88.59% (+7.7%)
55% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 11
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
+$4.13M |
| 2 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
+$3.61M |
| 3 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
+$3.4M |
| 4 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$2.57M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$2.09M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSU
Mizuho Securities USA
New York
|
-$1.94M |
| 2 |
CA
Crossingbridge Advisors
Pleasantville,
New York
|
-$1.55M |
| 3 |
QL
Quarry LP
New York
|
-$1.54M |
| 4 |
DAM
DLD Asset Management
New York
|
-$1.03M |
| 5 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$642K |
TDAC Hedge Fund Activity: Q3 2025 in Review
41 of the 7,631 institutional investors tracked by Wall St. Rank reported a position in Translational Development Acquisition Corp (TDAC) for Q3 2025, worth a combined $156M — up 9.3% from $142M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new TDAC positions and 1 closed out — a net gain of 3 holders — while 5 added to existing stakes and 11 trimmed.
The largest buyer was Rivernorth Capital Management, opening a new position worth an estimated $4.13M. The largest seller was Mizuho Securities USA, cutting an estimated $1.94M.
- 41 institutional investors held Translational Development Acquisition Corp (TDAC) as of Q3 2025, up from 38 in Q2 2025.
- Funds reported $156M of Translational Development Acquisition Corp stock for Q3 2025, up 9.3% quarter-over-quarter.
- 4 funds opened new Translational Development Acquisition Corp positions in Q3 2025 and 1 closed out, a net change of +3 holders.
- The largest Translational Development Acquisition Corp buyer in Q3 2025 was Rivernorth Capital Management, an estimated $4.13M added.
- The largest Translational Development Acquisition Corp seller in Q3 2025 was Mizuho Securities USA, an estimated $1.94M sold.
Based on aggregated 13F filings for Q3 2025.