HGC Investment Management Inc.

· CIK 0001711200

13F Portfolio $451.4B AUM 172 positions Filed May 15, 2026 EDGAR ↗ ← All Funds

Q1 2026 Q4 2025

#	Ticker	Company	Sector	Shares	Value	% Port	Chg Shares	Chg %	Period Price ①	Since Period ①
1	—	ARTIUS II ACQUISITION INC-A	—	1,500,000.0	$15.5M	3.44%	—	—	$10.34	—
2	—	ALDABRA 4 LIQUIDITY OPPORTUN	—	1,443,965.0	$14.4M	3.18%	NEW	—	$9.95	—
3	—	SIDDHI ACQUISITION CORP-A	—	1,250,000.0	$12.9M	2.86%	—	—	$10.34	—
4	—	DRUGS MADE IN AMERICA ACQUIS	—	1,230,980.0	$12.3M	2.72%	—	—	$9.97	—
5	—	FIFTH ERA ACQUISITION CORP I	—	1,150,760.0	$12.1M	2.69%	—	—	$10.54	—
6	—	QDRO ACQUISITION CORP	—	1,200,000.0	$11.9M	2.63%	NEW	—	$9.91	—
7	—	KRAKACQUISITION CORP	—	1,000,000.0	$10.0M	2.22%	NEW	—	$10.01	—
8	—	SOULPOWER ACQUISITION CO-A	—	953,146.0	$9.8M	2.16%	—	—	$10.25	—
9	—	OXLEY BRIDGE ACQUISITION LTD	—	950,000.0	$9.7M	2.16%	—	—	$10.25	—
10	—	INFLECTION POINT ACQUISITION	—	950,000.0	$9.6M	2.13%	NEW	—	$10.12	—
11	EA	ELECTRONIC ARTS INC	Communication Services	42,816.0	$8.7M	1.93%	+5K	+13.2%	$203.87	-1.5%
12	—	PYROPHYTE ACQUISITION CORP-A	—	850,000.0	$8.6M	1.91%	—	—	$10.15	—
13	—	IDEA ACQUISITION CORP	—	800,000.0	$7.9M	1.76%	NEW	—	$9.91	—
14	—	AMERICAN DRIVE ACQUISIT-CL A	—	786,413.0	$7.8M	1.73%	NEW	—	$9.90	—
15	PACH	PIONEER ACQUISITION I CORP	Financial Services	743,077.0	$7.7M	1.70%	—	—	$10.30	-1.0%
16	—	TRG LATIN AMERICA ACQUISITIO	—	765,000.0	$7.6M	1.69%	NEW	—	$9.95	—
17	—	LAUNCHPAD CADENZA ACQUISITIO	—	725,000.0	$7.2M	1.61%	-25K	-3.3%	$10.00	—
18	—	EQV VENTURES ACQUISITION COR	—	697,174.0	$7.1M	1.57%	—	—	$10.16	—
19	—	SIZZLE ACQUISITION CORP-CL A	—	650,539.0	$6.7M	1.48%	—	—	$10.28	—
20	—	REPUBLIC DIGITAL ACQUIS-CL A	—	646,675.0	$6.6M	1.47%	+44K	+7.3%	$10.23	—
21	—	M3-BRIGADE ACQUISITION VI CO	—	625,000.0	$6.3M	1.41%	—	—	$10.15	—
22	TACH	TITAN ACQUISITION CORP	Financial Services	609,131.0	$6.3M	1.40%	—	—	$10.40	-0.4%
23	SBXE	SILVERBOX CORP V	Financial Services	899,986.0	$6.1M	1.35%	—	—	$6.78	+47.9%
24	—	HCM III ACQUISITION COR-CL A	—	600,000.0	$6.0M	1.34%	—	—	$10.08	—
25	—	CANTOR EQUITY PARTNERS-CL A	—	583,153.0	$5.9M	1.30%	—	—	$10.10	—
26	—	K&F GROWTH ACQUISITION COR-A	—	550,000.0	$5.7M	1.27%	NEW	—	$10.43	—
27	—	CANTOR EQUITY PARTNERS-CL A	—	550,000.0	$5.6M	1.24%	-100K	-15.4%	$10.19	—
28	FCRS	FUTURECREST ACQUISITION CORP	Financial Services	550,000.0	$5.6M	1.24%	—	—	$10.18	+0.7%
29	—	WEN ACQUISITION CORP-A	—	550,000.0	$5.6M	1.24%	—	—	$10.18	—
30	—	ITHAX ACQUISITION CORP III	—	550,000.0	$5.5M	1.21%	-250K	-31.2%	$9.96	—
31	—	THAYER VENTURES ACQUIS CL A	—	525,000.0	$5.4M	1.19%	NEW	—	$10.21	—
32	IRHOU	IRON HORSE ACQUISITION II CO	—	523,489.0	$5.2M	1.16%	—	—	$9.96	—
33	—	FIGX CAPITAL ACQUISITION COR	—	500,000.0	$5.1M	1.14%	—	—	$10.26	—
34	—	KARBON CAPITAL PARTNERS CORP	—	500,000.0	$5.1M	1.13%	—	—	$10.19	—
35	—	ONEIM ACQUISITION CORP	—	500,000.0	$5.1M	1.12%	NEW	—	$10.11	—
36	MZYX	MOZAYYX ACQUISITION CORP	—	500,000.0	$5.0M	1.10%	NEW	—	$9.95	-0.4%
37	—	NEW PROVIDENCE ACQUISITION-A	—	450,000.0	$4.6M	1.02%	—	—	$10.26	—
38	—	SILVER PEGASUS ACQUISITION C	—	400,000.0	$4.2M	0.92%	—	—	$10.38	—
39	—	AI INFRASTRUCTURE ACQUISITIO	—	400,000.0	$4.1M	0.91%	—	—	$10.24	—
40	BLZR	TRAILBLAZER ACQUISITION CORP	Financial Services	400,000.0	$4.1M	0.90%	-150K	-27.3%	$10.16	-0.7%
41	APXT	APEX TREASURY CORP	Financial Services	400,000.0	$4.0M	0.90%	—	—	$10.10	-0.9%
42	—	CRANE HARBOR ACQUISITION COR	—	400,000.0	$4.0M	0.90%	—	—	$10.10	—
43	—	KPET ULTRA PACELINE CORP	—	400,000.0	$4.0M	0.89%	NEW	—	$10.00	—
44	—	HARVARD AVE ACQUISITION CORP	—	375,000.0	$3.8M	0.84%	—	—	$10.12	—
45	—	CROWN RESERVE ACQUISITI-CL A	—	375,000.0	$3.8M	0.83%	—	—	$10.01	—
46	—	AXIOM INTELLIGENCE-CL A	—	350,000.0	$3.5M	0.79%	NEW	—	$10.13	—
47	—	VINE HILL CAPITAL INVESTMENT	—	350,000.0	$3.5M	0.78%	-300K	-46.1%	$10.00	—
48	—	M EVO GLOBAL ACQUISITION COR	—	350,000.0	$3.5M	0.77%	NEW	—	$9.95	—
49	—	MUZERO ACQUISITION CORP	—	350,000.0	$3.5M	0.77%	NEW	—	$9.93	—
50	—	LAKE SUPERIOR ACQUISITI-CL A	—	320,000.0	$3.2M	0.71%	NEW	—	$10.05	—
51	LCCC	LAKESHORE ACQUISITION III CO	Financial Services	300,000.0	$3.1M	0.70%	—	—	$10.47	-1.1%
52	—	SOLARIUS CAPITAL ACQUISITION	—	300,000.0	$3.1M	0.68%	—	—	$10.27	—
53	—	EVOLUTION GLOBAL ACQUISITION	—	300,000.0	$3.1M	0.68%	—	—	$10.20	—
54	—	QUANTUMSPHERE ACQUISITION CO	—	300,000.0	$3.0M	0.67%	—	—	$10.12	—
55	APLS	APELLIS PHARMACEUTICALS INC	Healthcare	75,000.0	$3.0M	0.67%	NEW	—	$40.23	+2.0%
56	—	FORTRESS VALUE ACQUIS V-CL A	—	300,000.0	$3.0M	0.67%	NEW	—	$10.03	—
57	—	INFINITE EAGLE CL-A	—	275,000.0	$2.8M	0.61%	NEW	—	$10.00	—
58	JENA	JENA ACQUISITION CORP II - A	Financial Services	950,000.0	$2.7M	0.59%	-450K	-32.1%	$2.81	+267.7%
59	COPL	COPLEY ACQUISITION CORP	Financial Services	250,000.0	$2.6M	0.58%	—	—	$10.40	-0.2%
60	GIW	GIGCAPITAL8 CORP	Financial Services	250,000.0	$2.6M	0.57%	—	—	$10.35	-3.0%
61	GTEN	GORES HOLDINGS X INC-CL A	Financial Services	250,000.0	$2.6M	0.57%	NEW	—	$10.24	+1.1%
62	—	TAILWIND 2.0 ACQUISITION COR	—	250,000.0	$2.6M	0.56%	—	—	$10.21	—
63	—	A PARADISE ACQUISITION - A	—	250,000.0	$2.5M	0.56%	—	—	$10.17	—
64	—	BLUEPORT ACQUISITION LTD	—	250,000.0	$2.5M	0.56%	—	—	$10.15	—
65	—	INVEST GREEN ACQUISITION COR	—	250,000.0	$2.5M	0.56%	—	—	$10.14	—
66	WSTN	WESTIN ACQUISITION CORP	Financial Services	250,000.0	$2.5M	0.56%	NEW	—	$10.14	-1.1%
67	—	ALUSSA ENERGY ACQUISITION CO	—	250,000.0	$2.5M	0.56%	—	—	$10.13	—
68	SAC	SAFEGUARD ACQUISITION CORP	Financial Services	250,000.0	$2.5M	0.56%	—	—	$10.11	+0.4%
69	—	ACTIVATE ENERGY ACQUISITION	—	250,000.0	$2.5M	0.56%	—	—	$10.08	—
70	—	DYNAMIX CORP III	—	250,000.0	$2.5M	0.56%	—	—	$10.08	—
71	—	GSR IV ACQUISITION CORP-CL A	—	250,000.0	$2.5M	0.56%	—	—	$10.03	—
72	LWAC	LIGHTWAVE ACQUISITION CORP	Financial Services	245,500.0	$2.5M	0.56%	—	—	$10.21	-0.1%
73	—	VIKING ACQUISITIONS CORP I	—	250,000.0	$2.5M	0.55%	-250K	-50.0%	$10.01	—
74	—	AVERIN CAPITAL ACQUISITION C	—	250,000.0	$2.5M	0.55%	NEW	—	$10.00	—
75	—	HENNESSY CAPITAL INVESTMENT	—	250,000.0	$2.5M	0.55%	NEW	—	$10.00	—
76	—	IRIS ACQUISITION CORP I-CL A	—	250,000.0	$2.5M	0.54%	NEW	—	$9.82	—
77	—	XSOLLA SPAC 1	—	235,000.0	$2.3M	0.52%	NEW	—	$9.90	—
78	—	CANTOR EQUITY PARTNERS III-A	—	225,000.0	$2.3M	0.51%	—	—	$10.31	—
79	NHIC	NEWHOLD INVESTMENT CORP III	Financial Services	200,000.0	$2.1M	0.47%	—	—	$10.70	-1.3%
80	CCXI	CHURCHILL CAPITAL CORP XI	Financial Services	200,000.0	$2.0M	0.45%	—	—	$10.25	+0.3%
81	—	HALL CHADWICK ACQUISITION CO	—	200,000.0	$2.0M	0.45%	—	—	$10.25	—
82	—	HIGHVIEW MERGER CORP	—	200,000.0	$2.0M	0.45%	—	—	$10.17	—
83	DYOR	INSIGHT DIGITAL PARTNERS II	Financial Services	200,000.0	$2.0M	0.45%	—	—	$10.17	-1.3%
84	—	BTC DEVELOPMENT CORP	—	200,000.0	$2.0M	0.45%	—	—	$10.12	—
85	—	CANTOR EQUITY PARTNERS VI -A	—	200,000.0	$2.0M	0.45%	NEW	—	$10.10	—
86	—	COLUMBUS CIRCLE CAPITAL CORP	—	200,000.0	$2.0M	0.44%	NEW	—	$9.99	—
87	—	MILUNA ACQUISITION CORP	—	175,000.0	$1.8M	0.39%	—	—	$10.15	—
88	GSHR	GESHER ACQUISITION CORP II	Financial Services	150,000.0	$1.6M	0.35%	—	—	$10.42	-0.3%
89	—	GLOBA TERRA ACQUISITION CORP	—	150,000.0	$1.6M	0.35%	—	—	$10.41	—
90	USAS	AMERICAS GOLD & SILVER CORP	Basic Materials	300,000.0	$1.6M	0.34%	—	—	$5.17	+38.3%
91	—	CAL REDWOOD ACQUISITION CORP	—	150,000.0	$1.5M	0.34%	—	—	$10.30	—
92	INAC	INDIGO ACQUISITION CORP	Financial Services	150,000.0	$1.5M	0.34%	—	—	$10.22	+0.2%
93	LFAC	LEAPFROG ACQUISITION CORP	Financial Services	150,000.0	$1.5M	0.33%	—	—	$10.05	-0.6%
94	—	OTG ACQUISITION CORP I	—	125,000.0	$1.3M	0.28%	—	—	$10.24	—
95	—	M3-BRIGADE ACQUISITION V-A	—	100,600.0	$1.1M	0.24%	—	—	$10.74	—
96	—	SC II ACQUISITION CORP	—	100,000.0	$1.0M	0.23%	—	—	$10.26	—
97	—	CSLM DIGITAL ASSET ACQUISITI	—	100,000.0	$1.0M	0.23%	—	—	$10.17	—
98	—	MCKINLEY ACQUISITION CORP	—	100,000.0	$1.0M	0.22%	—	—	$10.13	—
99	—	GIGCAPITAL9 CORP	—	100,000.0	$1.0M	0.22%	NEW	—	$10.05	—
100	—	ONEIM ACQUISITION CL-A	—	97,803.0	$974K	0.22%	NEW	—	$9.96	—
101	—	ARTIUS II ACQUISITION INC	—	1,500,000.0	$453K	0.10%	—	—	$0.30	—
102	JACS	JACKSON ACQUISITION CO II	Financial Services	1,450,700.0	$430K	0.10%	-1.5M	-49.2%	$0.30	+3475.1%
103	—	SIM ACQUISITION CORP I-A	—	25,000.0	$268K	0.06%	—	—	$10.72	—
104	SDHI	SIDDHI ACQUISITION CORP	Technology	1,250,000.0	$268K	0.06%	—	—	$0.21	+4750.5%
105	DSAC	DAEDALUS SPECIAL ACQUISITION	Financial Services	25,000.0	$251K	0.06%	—	—	$10.03	-0.7%
106	—	A PARADISE ACQUISITION CORP	—	500,000.0	$226K	0.05%	+25K	+5.3%	$0.45	—
107	—	GSR IV ACQUISITION CORP-RTS	—	75,000.0	$184K	0.04%	—	—	$2.45	—
108	PEN	PENUMBRA INC	Healthcare	534.0	$175K	0.04%	NEW	—	$328.37	-1.6%
109	—	INFLECTION POINT ACQUISITION	—	465,000.0	$163K	0.04%	—	—	$0.35	—
110	—	PAII/WS US 15 Jul 30 C11.5	—	425,000.0	$140K	0.03%	—	—	$0.33	—
111	—	K&F GROWTH ACQUISITION CORP	—	750,000.0	$135K	0.03%	NEW	—	$0.18	—
112	—	PMTRW US 17 Jun 30 C11.5	—	194,200.0	$134K	0.03%	—	—	$0.69	—
113	—	HCMAW US 31 Jul 30 C11.5	—	266,666.0	$120K	0.03%	—	—	$0.45	—
114	CGCT	WT - CGCTW US $11.5 06Mar2030	Financial Services	165,000.0	$112K	0.03%	-135K	-45.0%	$0.68	+1426.5%
115	—	SIZZLE ACQUISITION CORP -RTS	—	650,539.0	$111K	0.02%	—	—	$0.17	—
116	—	AMERICAN EXCEPTIONALISM-CL A	—	10,000.0	$108K	0.02%	—	—	$10.83	—
117	COLA	COLUMBUS ACQUISITION CORP	Financial Services	300,000.0	$108K	0.02%	—	—	$0.36	+2986.1%
118	—	THAYER VENTURES ACQUISITION	—	525,000.0	$105K	0.02%	NEW	—	$0.20	—
119	—	ANSCW US 31 Dec 28 C11.5	—	503,500.0	$101K	0.02%	—	—	$0.20	—
120	—	DRUGS MADE IN AMERICA ACQ-RT	—	1,230,980.0	$98K	0.02%	—	—	$0.08	—
121	—	RDAGW US 05 Mar 26 C11.5	—	221,967.0	$98K	0.02%	NEW	—	$0.44	—
122	—	GTENW US 20 Jun 31 C11.5	—	150,000.0	$84K	0.02%	+100K	+200.0%	$0.56	—
123	—	QUANTUMSPHERE ACQUISITION CO	—	300,000.0	$75K	0.02%	—	—	$0.25	—
124	SOUL	SOULPOWER ACQUISITION CORP	Financial Services	403,161.0	$73K	0.02%	—	—	$0.18	+5638.9%
125	—	WENNW US 15 May 31 C11.5	—	225,000.0	$72K	0.02%	—	—	$0.32	—
126	—	AXIOM INTELLIGENCE ACQUISITI	—	350,000.0	$66K	0.01%	NEW	—	$0.19	—
127	—	BCARW US 06 May 30 C11.5	—	100,500.0	$59K	0.01%	NEW	—	$0.59	—
128	—	CROWN RESERVE ACQUISITIO-RTS	—	375,000.0	$56K	0.01%	—	—	$0.15	—
129	LKSP	LAKE SUPERIOR ACQUISITION CO	Financial Services	45,714.0	$53K	0.01%	NEW	—	$1.15	+780.0%
130	—	BLUWW US 31 Dec 26 C11.5	—	100,000.0	$50K	0.01%	—	—	$0.50	—
131	—	SHEPHERD AVE CAPITAL ACQUISI	—	250,000.0	$50K	0.01%	—	—	$0.20	—
132	—	BCSS/WS US 01 Jan 28 C11.5	—	80,000.0	$50K	0.01%	NEW	—	$0.62	—
133	—	INFINITE EAGLE ACQUIS-RIGHTS	—	275,000.0	$50K	0.01%	NEW	—	$0.18	—
134	—	TACOW US 28 Apr 30 C11.5	—	175,000.0	$47K	0.01%	—	—	$0.27	—
135	—	TVACW US 15 May 31 C11.5	—	100,000.0	$46K	0.01%	—	—	$0.46	—
136	—	BLUE ACQUISITION CORP-RTS	—	150,000.0	$45K	0.01%	—	—	$0.30	—
137	RIBB	RIBBON ACQUISITION CORP	Financial Services	250,000.0	$44K	0.01%	—	—	$0.18	+5939.8%
138	—	TEXAS VENTURES ACQUISITION-A	—	3,925.0	$41K	0.01%	—	—	$10.39	—
139	—	YORKVILLE ACQUISITION CORP-A	—	3,852.0	$39K	0.01%	—	—	$10.11	—
140	—	WTS IRIS ACQUISITION CORP	—	125,000.0	$38K	0.01%	NEW	—	$0.31	—
141	—	YHN ACQUISITION I LTD	—	344,188.0	$38K	0.01%	—	—	$0.11	—
142	—	TACHW US 02 Jun 30 C11.5	—	100,000.0	$33K	0.01%	—	—	$0.33	—
143	—	EGH ACQUISITION CORP-RTS	—	125,000.0	$31K	0.01%	NEW	—	$0.25	—
144	BAYAR	BAYVIEW ACQUISITION CORP	—	150,000.0	$25K	0.01%	—	—	$0.17	—
145	UYSC	UY SCUTI ACQUISITION CORP	Financial Services	150,000.0	$24K	0.01%	—	—	$0.16	+6562.5%
146	—	RF ACQUISITION CORP II - RTS	—	200,000.0	$24K	0.01%	—	—	$0.12	—
147	ONCH	1RT Acquisition Corp	Financial Services	50,000.0	$22K	0.01%	NEW	—	$0.43	+2273.9%
148	OAKUR	OAK WOODS ACQUISITION COR-RT	—	120,000.0	$19K	0.00%	—	—	$0.16	—
149	—	NPACW US 24 Apr 30 C11.5	—	96,500.0	$18K	0.00%	-54K	-35.7%	$0.19	—
150	—	MACIW US 01 Jun 31 C11.5	—	150,528.0	$18K	0.00%	—	—	$0.12	—
151	—	CAL REDWOOD ACQUISITION CORP	—	66,869.0	$15K	0.00%	—	—	$0.22	—
152	BKHA	BLACK HAWK ACQUISITION C-RTS	Financial Services	10,000.0	$14K	0.00%	—	—	$1.35	+780.0%
153	MLAC	MOUNTAIN LAKE ACQUISITION CO	Financial Services	40,000.0	$10K	0.00%	—	—	$0.26	+3980.8%
154	—	FUFUW US 07 Jun 28 C11.5	—	50,000.0	$6K	0.00%	—	—	$0.12	—
155	—	ADACW US 17 Dec 30 C11.5	—	12,137.0	$4K	0.00%	NEW	—	$0.30	—
156	—	MCGAW US 06 Jun 30 C11.5	—	8,333.0	$3K	0.00%	—	—	$0.34	—
157	FSHP	FLAG SHIP ACQUISITION CORP	Financial Services	27,000.0	$2K	0.00%	—	—	$0.08	+13046.3%
158	—	OAKUW US 17 May 28 C11.5	—	120,000.0	$2K	—	—	—	$0.02	—
159	—	MKDWW US 31 Jul 29 C0	—	175,000.0	$2K	—	—	—	$0.01	—
160	DAICW	DAICW US 17 Nov 26 C11.5	—	25,000.0	$663.0	—	—	—	$0.03	—
161	—	GCLWW US 13 Feb 30 C11.5	—	4,500.0	$108.0	—	—	—	$0.02	—
162	LIMNW	LIMNW US 30 Apr 30 C11.5	—	1,250.0	$50.0	—	—	—	$0.04	—
163	—	WALDW US 27 Jul 27 C11.5	—	666.0	$24.0	—	NEW	—	$0.04	—
164	—	ATMCW US 17 Jan 28 C11.5	—	300,000.0	—	—	—	—	—	—
165	—	CRACW US 06 Nov 30 C11.5	—	—	—	—	—	-100.0%	—	—
166	—	GP-ACT III ACQUISITION-A	—	—	—	—	—	-100.0%	—	—
167	—	YOULW US 10 Jul 30 C11.5	—	125,000.0	—	—	—	—	—	—
—	ALF	CENTURION ACQUISITION CORP	Financial Services	1,450,000	$15.4M	3.27%	SOLD	—
—	—	CYBER-ARK SOFTWARE LTD/ISRAE	—	19,507	$8.7M	1.84%	SOLD	—
—	EXK	EXACT SCIENCES CORP	Basic Materials	80,000	$8.1M	1.72%	SOLD	—
—	—	K&F GROWTH ACQUISITION CORP	—	750,000	$7.8M	1.66%	SOLD	—
—	—	AMERICAN DRIVE ACQUISITION C	—	750,000	$7.5M	1.58%	SOLD	—
—	—	AA MISSION ACQUISITION COR-A	—	605,000	$6.5M	1.37%	SOLD	—
—	—	THAYER VENTURES ACQUISITION	—	525,000	$5.4M	1.15%	SOLD	—
—	8QR	CONFLUENT INC-CLASS A	—	174,258	$5.3M	1.12%	SOLD	—
—	CGCT	CARTESIAN GROWTH CORP I-CL A	Financial Services	450,000	$4.6M	0.98%	SOLD	—
—	—	REPUBLIC DIGITAL ACQUISITION	—	443,934	$4.6M	0.98%	SOLD	—
—	GTEN	GORES HOLDINGS X INC	Financial Services	400,000	$4.2M	0.89%	SOLD	—
—	—	BAIN CAPITAL GSS INVESTMENT	—	400,000	$4.1M	0.87%	SOLD	—
—	—	D BORAL ARC ACQUISITION I CO	—	375,000	$3.8M	0.81%	SOLD	—
—	—	AXIOM INTELLIGENCE ACQUISITI	—	350,000	$3.6M	0.76%	SOLD	—
—	LKSP	LAKE SUPERIOR ACQUISITION CO	Financial Services	320,000	$3.3M	0.69%	SOLD	—
—	NGDN	New Gold Inc. USD	—	346,542	$3.0M	0.64%	SOLD	—
—	NSC	NORFOLK SOUTHERN CORP	Industrials	10,000	$2.9M	0.61%	SOLD	—
—	—	EGH ACQUISITION CORP	—	250,000	$2.6M	0.55%	SOLD	—
—	TWLV	TWELVE SEAS INVESTMENT CO II	Financial Services	250,000	$2.5M	0.53%	SOLD	—
—	PRM	PERIMETER ACQUIS CORP I CL A	Basic Materials	238,400	$2.5M	0.52%	SOLD	—
—	ONCH	1RT ACQUISITION CORP	Financial Services	200,000	$2.1M	0.44%	SOLD	—
—	—	MELAR ACQUISITION CORP I-A	—	175,000	$1.9M	0.39%	SOLD	—
—	IBIT	ISHARES BITCOIN TRUST	Financial Services	34,606	$1.7M	0.36%	SOLD	—
—	UYSC	UY SCUTI ACQUISITION CORP	Financial Services	150,000	$1.5M	0.33%	SOLD	—
—	PLMK	PLUM ACQUISITION CORP IV	Financial Services	100,000	$1.1M	0.23%	SOLD	—
—	—	AIFEEX NEXUS ACQUISITION COR	—	100,000	$1.0M	0.22%	SOLD	—
—	—	LIVE OAK ACQUISITION CORP-A	—	27,960	$288K	0.06%	SOLD	—
—	—	SHMDW US 25 Aug 28 C11.5	—	46,200	$67K	0.01%	SOLD	—
—	—	ISRLW US 28 Feb 28 C11.5	—	100,800	$13K	0.00%	SOLD	—
—	FORLW	FORLW US 12 May 28 C11.5	—	110,000	$4K	0.00%	SOLD	—
—	—	AMBI/WS US 06 Mar 28 C11.5	—	130,905	$641.0	—	SOLD	—
—	IAUX	I-80 GOLD CORP	Basic Materials	84	$123.0	—	SOLD	—
—	—	YSBPW US 15 Mar 28 C11.5	—	5,000	$35.0	—	SOLD	—
—	—	WALDW US 27 Jul 27 C11.5	—	666	$22.0	—	SOLD	—
—	—	DT CLOUD ACQUISITION COR-RTS	—	150,000	—	—	SOLD	—

① Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation

Financial Services 83.0%

Communication Services 10.8%

Healthcare 4.0%

Basic Materials 1.9%

Technology 0.3%