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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.

Q3 2025 vs. Q2 2025

How the institutions holding Trailblazer Merger Corp I changed between Q2 2025 and Q3 2025.

All holders in Q3 2025All holders in Q2 2025

13F holders of TBMC: Q2 2025 compared with Q3 2025
MeasureQ2 2025Of which not filed for Q3 2025Q3 2025Change
Holders15112−2
Shares1.92M137.1K1.69M−98.8K (−5.5%)
Value$22.5M$1.61M$19.8M−$1.09M (−5.2%)

1 institution that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so the changes leave them out.

New holders (2)

Institutions that held Trailblazer Merger Corp I at the end of Q3 2025 but not at the end of Q2 2025.

Institutions new to TBMC in Q3 2025
InstitutionSharesValue% of portfolio
Clear Street Group Inc.186,875$2.18M0.01%
TrueMark Investments, LLC18,109$215.7K0.04%

Sold out (4)

Institutions that held Trailblazer Merger Corp I at the end of Q2 2025 and filed for Q3 2025 without it.

Institutions that sold out of TBMC in Q3 2025
InstitutionShares, Q2 2025Value, Q2 2025
Toronto Dominion Bank173,786$2.04M
Mizuho Securities USA LLC134,330$1.54M
Wolverine Asset Management LLC72,690$851.2K
Citadel Advisors LLC11,182$130.9K

Not filed for Q3 2025 yet (1)

Institutions that held Trailblazer Merger Corp I at the end of Q2 2025 and haven't filed a 13F for Q3 2025. Not filing isn't selling, so they aren't counted as sold out.

Institutions holding TBMC in Q2 2025 that haven't filed for Q3 2025
InstitutionShares, Q2 2025Value, Q2 2025
Clear Street LLC137,144$1.61M