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Trailblazer Merger Corp I

TBMCDelisted Mar 27, 2026
Industry
Blank Checks
SEC CIK
0001934945

Trailblazer Merger Corp I was delisted on Mar 27, 2026; its insiders filed their last Form 4 on Oct 15, 2024; 6 institutions reported holding it in 13F filings for Q4 2025, worth $1.74M in total; no superinvestor held it.

13F holders, Q3 2024

Institutional positions in Trailblazer Merger Corp I as of Sep 30, 2024. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
29
−7 vs. Q2 2024
Shares held
4.64M
−1.35M (−22.5%) vs. Q2 2024
Total value
$51.1M
−$13.6M (−21.0%) vs. Q2 2024
New holders
2
5 more added
Sold out
9
10 more reduced

1 institution that held it in Q2 2024 haven't filed for Q3 2024 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q2 2024: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting TBMC on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ3 2024: 29 institutions
Q1 2021: 0 institutionsQ2 2021: 0 institutionsQ3 2021: 0 institutionsQ4 2021: 0 institutionsQ1 2022: 0 institutionsQ2 2022: 0 institutionsQ3 2022: 0 institutionsQ4 2022: 0 institutionsQ1 2023: 0 institutionsQ2 2023: 38 institutionsQ3 2023: 34 institutionsQ4 2023: 34 institutionsQ1 2024: 36 institutionsQ2 2024: 37 institutionsQ3 2024: 29 institutionsQ4 2024: 16 institutionsQ1 2025: 17 institutionsQ2 2025: 15 institutionsQ3 2025: 12 institutionsQ4 2025: 6 institutionsQ1 2026: 0 institutionsQ2 2026: 0 institutions
Value heldQ3 2024: $51.1M
Q1 2021: $0Q2 2021: $0Q3 2021: $0Q4 2021: $0Q1 2022: $0Q2 2022: $0Q3 2022: $0Q4 2022: $0Q1 2023: $0Q2 2023: $59.0MQ3 2023: $59.2MQ4 2023: $67.7MQ1 2024: $66.7MQ2 2024: $66.1MQ3 2024: $51.1MQ4 2024: $25.8MQ1 2025: $26.1MQ2 2025: $22.5MQ3 2025: $19.8MQ4 2025: $1.74MQ1 2026: $0Q2 2026: $0
Institutions holding TBMC and their total value by quarter
QuarterHoldersValue
Q2 20260$0
Q1 20260$0
Q4 20256$1.74M
Q3 202512$19.8M
Q2 202515$22.5M
Q1 202517$26.1M
Q4 202416$25.8M
Q3 202429$51.1M
Q2 202437$66.1M
Q1 202436$66.7M
Q4 202334$67.7M
Q3 202334$59.2M
Q2 202338$59.0M
Q1 20230$0
Q4 20220$0
Q3 20220$0
Q2 20220$0
Q1 20220$0
Q4 20210$0
Q3 20210$0
Q2 20210$0
Q1 20210$0

Institutions, Q3 2024

Shares, value and share of portfolio for each institution holding Trailblazer Merger Corp I; share changes are against Q2 2024.

Institutions holding TBMC in Q3 2024
InstitutionSharesValue% of portfolioChange in sharesAction
CNH Partners LLC678,763$7.47M0.17%+90,000+15.3%Added
Berkley W R Corp444,775$4.88M0.35%−381,010−46.1%Reduced
Atw Spac Management LLC336,600$3.70M3.88%00.0%Unchanged
Yakira Capital Management, Inc.278,848$3.07M1.19%00.0%Unchanged
Commonwealth of Pennsylvania Public School Empls Retrmt Sys258,696$2.85M0.02%00.0%Unchanged
Karpus Management, Inc.257,435$2.83M0.08%−8,850−3.3%Reduced
Clear Street LLC252,138$2.77M0.06%+246,619+4,468.5%Added
Cowen and Company, LLC250,000$2.75M0.09%−221,724−47.0%Reduced
Crossingbridge Advisors, LLC242,540$2.67M2.03%−2,960−1.2%Reduced
Schechter Investment Advisors, LLC233,799$2.57M0.19%−100,076−30.0%Reduced
Bulldog Investors, LLP197,724$2.17M0.75%+25,994+15.1%Added
Wealthspring Capital LLC175,264$1.93M2.38%−3,810−2.1%Reduced
Rivernorth Capital Management, LLC161,088$1.77M0.09%00.0%Unchanged
Two Sigma Investments, LP150,000$1.65M0.00%00.0%Unchanged
Gabelli Funds LLC139,050$1.53M0.01%00.0%Unchanged
Gabelli & Co Investment Advisers, Inc.110,950$1.22M0.21%00.0%Unchanged
Deltec Asset Management LLC110,000$1.21M0.24%00.0%Unchanged
Hudson Bay Capital Management LP76,000$842.1K0.01%00.0%Unchanged
Meteora Capital, LLC70,000$770.0K0.21%−10,000−12.5%Reduced
Glazer Capital, LLC61,948$681.0K0.04%−3,919−5.9%Reduced
D. E. Shaw & Co., Inc.50,000$550.0K0.00%00.0%Unchanged
Mangrove Partners45,600$501.6K0.05%+45,600New
TrueMark Investments, LLC19,088$210.0K0.07%00.0%Unchanged
Susquehanna International Group, LLP18,472$203.2K0.00%+384+2.1%Added
Robinson Capital Management, LLC13,911$153.3K0.05%−1,880−11.9%Reduced
Quarry LP8,011$88.3K0.03%+2,710+51.1%Added
Wolverine Asset Management LLC400$4.40K0.00%+400New
UBS Group AG371$4.08K0.00%−1,423−79.3%Reduced
Tower Research Capital LLC (TRC)93$1.02K0.00%00.0%Unchanged
Boothbay Fund Management, LLC0$00.00%−336,600−100.0%Sold out
Verition Fund Management LLC0$00.00%−236,706−100.0%Sold out
Walleye Capital LLC0$00.00%−115,200−100.0%Sold out
Mizuho Securities USA LLC0$00.00%−102,203−100.0%Sold out
Kim, LLC0$00.00%−100,000−100.0%Sold out
Walleye Trading LLC0$00.00%−64,800−100.0%Sold out
Warberg Asset Management LLC0$00.00%−43,736−100.0%Sold out
Condor Capital Management0$00.00%−11,412−100.0%Sold out
Virtu Financial LLC0$00.00%−10,541−100.0%Sold out
CVI Holdings, LLC––––Not filed