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, Q4 2025
Institutional positions in Trailblazer Merger Corp I as of Dec 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
TBMC is no longer listed, so this page shows Q4 2025. 13F filings for later quarters list far fewer holders.
- Institutional holders
- 6
- −5 vs. Q3 2025
- Shares held
- 130.6K
- −1.42M (−91.6%) vs. Q3 2025
- Total value
- $1.74M
- −$16.5M (−90.5%) vs. Q3 2025
- New holders
- 0
- 0 more added
- Sold out
- 5
- 6 more reduced
1 institution that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 2025: 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 0 | $0 |
| Q1 2026 | 0 | $0 |
| Q4 2025 | 6 | $1.74M |
| Q3 2025 | 12 | $19.8M |
| Q2 2025 | 15 | $22.5M |
| Q1 2025 | 17 | $26.1M |
| Q4 2024 | 16 | $25.8M |
| Q3 2024 | 29 | $51.1M |
| Q2 2024 | 37 | $66.1M |
| Q1 2024 | 36 | $66.7M |
| Q4 2023 | 34 | $67.7M |
| Q3 2023 | 34 | $59.2M |
| Q2 2023 | 38 | $59.0M |
| Q1 2023 | 0 | $0 |
| Q4 2022 | 0 | $0 |
| Q3 2022 | 0 | $0 |
| Q2 2022 | 0 | $0 |
| Q1 2022 | 0 | $0 |
| Q4 2021 | 0 | $0 |
| Q3 2021 | 0 | $0 |
| Q2 2021 | 0 | $0 |
| Q1 2021 | 0 | $0 |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Trailblazer Merger Corp I; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Morgan Stanley | 15 | $200 | 0.00% | −2−11.8% | Reduced |
| UBS Group AG | 315 | $4.20K | 0.00% | −6,952−95.7% | Reduced |
| Shay Capital LLC | 17,716 | $236.0K | 0.04% | −122,557−87.4% | Reduced |
| Clear Street Group Inc. | 21,903 | $291.8K | 0.00% | −164,972−88.3% | Reduced |
| Berkley W R Corp | 43,243 | $576.1K | 0.03% | −162,574−79.0% | Reduced |
| Glazer Capital, LLC | 47,389 | $631.0K | 0.02% | −211−0.4% | Reduced |
| CNH Partners LLC | 0 | $0 | 0.00% | −435,910−100.0% | Sold out |
| Harraden Circle Investments, LLC | 0 | $0 | 0.00% | −217,972−100.0% | Sold out |
| Rivernorth Capital Management, LLC | 0 | $0 | 0.00% | −160,109−100.0% | Sold out |
| Boothbay Fund Management, LLC | 0 | $0 | 0.00% | −133,434−100.0% | Sold out |
| TrueMark Investments, LLC | 0 | $0 | 0.00% | −18,109−100.0% | Sold out |
| Atw Spac Management LLC | – | – | – | – | Not filed |