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TDAC

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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
41
Holders Change
+3
Holders Change %
+7.89%
% of All Funds
0.54%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
4
Increased
5
Reduced
11
Closed
1
Calls
$28K
Puts
–
Net Calls
+$28K
Net Calls Change
+$4K

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$4.13M
2
MI
MMCAP International
Cayman Islands
+$3.61M
3
RCM
Radcliffe Capital Management
Pennsylvania
+$3.4M
4
WCMNY
Westchester Capital Management (New York)
New York
+$2.57M
5
WAM
Wolverine Asset Management
Illinois
+$2.09M

Top Sellers

Rank Fund Capital Flow
1
MSU
Mizuho Securities USA
New York
-$1.94M
2
CA
Crossingbridge Advisors
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 Dominion Bank
Ontario, Canada
-$642K
Name Holding Trade Value Shares
Change 		Change in
Stake
WAM
1
Wolverine Asset Management
Illinois
$16.1M +$2.09M +202,443 +15%
MF
2
Magnetar Financial
Illinois
$13.5M – – –
AA
3
AQR Arbitrage
Connecticut
$11.3M -$31K -3,000 -0.3%
LP
4
LMR Partners
United Kingdom
$8.28M – – –
Hudson Bay Capital Management
5
Hudson Bay Capital Management
Connecticut
$6.73M – – –
FTCM
6
First Trust Capital Management
Illinois
$6.73M – – –
TCM
7
Tenor Capital Management
New York
$6.58M – – –
KIM
8
Karpus Investment Management
New York
$6.38M – – –
LA
9
Linden Advisors
New York
$6.21M – – –
PAMP
10
Polar Asset Management Partners
Ontario, Canada
$6.21M – – –
RCM
11
Radcliffe Capital Management
Pennsylvania
$5.22M +$3.4M +329,001 +188%
PMAM
12
Picton Mahoney Asset Management
Ontario, Canada
$4.92M – – –
GCL
13
Glazer Capital LLC
New York
$4.28M -$78.1K -7,559 -2%
PC
14
Periscope Capital
Ontario, Canada
$4.14M +$2.07M +200,090 +100%
RCM
15
Rivernorth Capital Management
Florida
$4.14M +$4.13M +400,000 New
Goldman Sachs
16
Goldman Sachs
New York
$3.98M – – –
MSU
17
Mizuho Securities USA
New York
$3.74M -$1.94M -187,952 -34%
MI
18
MMCAP International
Cayman Islands
$3.62M +$3.61M +350,000 New
D.E. Shaw & Co
19
D.E. Shaw & Co
New York
$3.59M – – –
WA
20
Whitebox Advisors
Minnesota
$3.16M – – –
WCMNY
21
Westchester Capital Management (New York)
New York
$2.57M +$2.57M +248,852 New
WC
22
Wealthspring Capital
New York
$2.14M -$28.6K -2,770 -1%
GL
23
Governors Lane
New York
$2.1M – – –
Verition Fund Management
24
Verition Fund Management
Connecticut
$2.09M – – –
SCM
25
Shaolin Capital Management
Florida
$2.08M – – –
1
2

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.