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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, Q1 2025

Institutional positions in Trailblazer Merger Corp I as of Mar 31, 2025. 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
17
+1 vs. Q4 2024
Shares held
2.32M
−652 (0.0%) vs. Q4 2024
Total value
$26.1M
+$300.7K (+1.2%) vs. Q4 2024
New holders
2
3 more added
Sold out
1
5 more reduced

Compare with Q4 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 holdersQ1 2025: 17 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 heldQ1 2025: $26.1M
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, Q1 2025

Shares, value and share of portfolio for each institution holding Trailblazer Merger Corp I; share changes are against Q4 2024.

Institutions holding TBMC in Q1 2025
InstitutionSharesValue% of portfolioChange in sharesAction
CNH Partners LLC437,674$4.93M0.12%00.0%Unchanged
Toronto Dominion Bank248,000$2.79M0.01%+8,000+3.3%Added
Karpus Management, Inc.237,890$2.68M0.09%−8,600−3.5%Reduced
Boothbay Fund Management, LLC223,000$2.52M0.09%00.0%Unchanged
Atw Spac Management LLC223,000$2.51M4.19%00.0%Unchanged
Harraden Circle Investments, LLC217,972$2.45M1.11%00.0%Unchanged
Berkley W R Corp205,817$2.32M0.17%00.0%Unchanged
Rivernorth Capital Management, LLC161,088$1.81M0.10%00.0%Unchanged
Wolverine Asset Management LLC146,259$1.65M0.03%+14,851+11.3%Added
Mizuho Securities USA LLC83,366$933.7K0.02%+1,201+1.5%Added
Glazer Capital, LLC49,432$557.0K0.03%−3,000−5.7%Reduced
Meteora Capital, LLC30,000$337.8K0.12%−33,866−53.0%Reduced
Clear Street LLC22,718$227.2K0.00%+22,718New
TrueMark Investments, LLC19,088$214.9K0.06%00.0%Unchanged
Susquehanna International Group, LLP15,662$176.4K0.00%−857−5.2%Reduced
UBS Group AG697$7.85K0.00%−1,020−59.4%Reduced
Morgan Stanley14$1580.00%+14New
Tower Research Capital LLC (TRC)0$00.00%−93−100.0%Sold out