13F HOLDINGS REPORT
HGC Investment Management Inc.
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001711200-25-000005
Total Value
$410.5M
Positions
124
Other Managers
0
Confidential Omitted
No
Holdings (124)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | JACKSON ACQUISITION CO-CL A | JACS-UN | 1,575,200 | $16.4M | 3.98% |
| 2 | CENTURION ACQUISITION CORP | ALFUW | 1,450,000 | $15.3M | 3.73% |
| 3 | ARTIUS II ACQUISITION INC-A | AACBU | 1,500,000 | $15.3M | 3.72% |
| 4 | GP-ACT III ACQUISITION-A | GPATW | 1,375,000 | $14.6M | 3.55% |
| 5 | SOULPOWER ACQUISITION CO-A | SOUL-UN | 1,303,161 | $13.2M | 3.20% |
| 6 | CANTOR EQUITY PARTNERS-CL A | G1828E100 | 1,250,000 | $12.7M | 3.10% |
| 7 | SIDDHI ACQUISITION CORP-A | SDHIU | 1,250,000 | $12.7M | 3.09% |
| 8 | AA MISSION ACQUISITION COR-A | YCY-WT | 1,205,000 | $12.7M | 3.09% |
| 9 | FIFTH ERA ACQUISITION CORP I | FERAU | 1,150,760 | $12.1M | 2.94% |
| 10 | DRUGS MADE IN AMERICA ACQUIS | G2851K120 | 1,200,000 | $11.9M | 2.91% |
| 11 | OXLEY BRIDGE ACQUISITION LTD | OBAWW | 950,000 | $9.5M | 2.32% |
| 12 | PYROPHYTE ACQUISITION CORP I | PAII-WT | 850,000 | $8.6M | 2.10% |
| 13 | M3-BRIGADE ACQUISITION VI CO | MBVIW | 850,000 | $8.6M | 2.10% |
| 14 | CARTESIAN GROWTH CORP III | CGCTW | 800,000 | $8.1M | 1.98% |
| 15 | VERONA PHARMA PLC - ADR | 925050106 | 73,890 | $7.9M | 1.92% |
| 16 | TITAN ACQUISITION CORP | TACHW | 759,131 | $7.8M | 1.90% |
| 17 | K&F GROWTH ACQUISITION CORP | KFIIU | 750,000 | $7.8M | 1.89% |
| 18 | AMERICAN EXCEPTIONALISM-CL A | AEXA | 700,000 | $7.7M | 1.86% |
| 19 | PIONEER ACQUISITION I CORP | PACHW | 743,077 | $7.5M | 1.82% |
| 20 | FUTURECREST ACQUISITION CORP | FCRS-WT | 700,000 | $7.4M | 1.81% |
| 21 | JENA ACQUISITION CORP II | JENA-UN | 700,000 | $7.3M | 1.78% |
| 22 | MOUNTAIN LAKE ACQUISITION-A | MLACU | 700,000 | $7.2M | 1.76% |
| 23 | HCM III ACQUISITION COR-CL A | HCMAW | 700,000 | $7.1M | 1.72% |
| 24 | EQV VENTURES ACQUISITION COR | G3106Q110 | 697,174 | $7.0M | 1.70% |
| 25 | SIZZLE ACQUISITION CORP-CL A | SZZLU | 650,539 | $6.6M | 1.60% |
| 26 | REPUBLIC DIGITAL ACQUIS-CL A | RDAGW | 602,741 | $6.2M | 1.50% |
| 27 | TRAILBLAZER ACQUISITION CORP | BLZRW | 550,000 | $5.6M | 1.37% |
| 28 | CYBER-ARK SOFTWARE LTD/ISRAE | M2682V108 | 11,637 | $5.6M | 1.37% |
| 29 | WEN ACQUISITION CORP-A | WENNW | 550,000 | $5.6M | 1.36% |
| 30 | ELECTRONIC ARTS INC | EA | 27,500 | $5.5M | 1.35% |
| 31 | THAYER VENTURES ACQUISITION | G87890128 | 525,000 | $5.4M | 1.30% |
| 32 | GSR IV ACQUISITION CORP | GSRFU | 525,000 | $5.3M | 1.30% |
| 33 | FIGX CAPITAL ACQUISITION COR | G3473K126 | 500,000 | $5.0M | 1.23% |
| 34 | REPUBLIC DIGITAL ACQUISITION | RDAGW | 443,934 | $4.7M | 1.14% |
| 35 | LIVE OAK ACQUISITION CORP-A | LOKVW | 450,000 | $4.6M | 1.12% |
| 36 | NEW PROVIDENCE ACQUISITION-A | G6476A102 | 450,000 | $4.6M | 1.11% |
| 37 | LIVE OAK ACQUISITION CORP V | LOKVW | 402,960 | $4.2M | 1.02% |
| 38 | GORES HOLDINGS X INC | G4002F117 | 400,000 | $4.1M | 1.01% |
| 39 | SILVER PEGASUS ACQUISITION C | SPEGU | 400,000 | $4.1M | 0.99% |
| 40 | BAIN CAPITAL GSS INVESTMENT | G0R78B122 | 400,000 | $4.0M | 0.98% |
| 41 | PERIMETER ACQUISITION CORP I | PMTRW | 388,400 | $4.0M | 0.97% |
| 42 | A PARADISE ACQUISITION - A | G04819101 | 400,000 | $4.0M | 0.96% |
| 43 | D BORAL ARC ACQUISITION I CO | G2616F127 | 375,000 | $3.8M | 0.91% |
| 44 | AXIOM INTELLIGENCE ACQUISITI | G0750N120 | 350,000 | $3.5M | 0.86% |
| 45 | COLUMBUS ACQUISITION CORP | COLAU | 300,000 | $3.1M | 0.76% |
| 46 | LAKESHORE ACQUISITION III CO | LCCCU | 300,000 | $3.1M | 0.75% |
| 47 | STARRY SEA ACQUISITION CORP | SSEAU | 299,986 | $3.0M | 0.74% |
| 48 | QUANTUMSPHERE ACQUISITION CO | QUMSU | 300,000 | $3.0M | 0.74% |
| 49 | SOLARIUS CAPITAL ACQUISITION | SOCAW | 300,000 | $3.0M | 0.74% |
| 50 | CANTOR EQUITY PARTNERS III-A | G1828A108 | 275,000 | $2.8M | 0.69% |
| 51 | ISHARES BITCOIN TRUST | IBIT | 42,936 | $2.8M | 0.68% |
| 52 | RIBBON ACQUISITION CORP | RIBBU | 250,000 | $2.6M | 0.62% |
| 53 | EGH ACQUISITION CORP | EGHAU | 250,000 | $2.6M | 0.62% |
| 54 | COPLEY ACQUISITION CORP | COPL-WT | 250,000 | $2.5M | 0.62% |
| 55 | BLUE ACQUISITION CORP | BACCU | 250,000 | $2.5M | 0.61% |
| 56 | LIGHTWAVE ACQUISITION CORP | LWACW | 245,500 | $2.5M | 0.60% |
| 57 | TEXAS VENTURES ACQUISITION-A | G8772L105 | 200,000 | $2.1M | 0.52% |
| 58 | RF ACQUISITION CORP II | RFAIU | 200,000 | $2.1M | 0.52% |
| 59 | 1RT ACQUISITION CORP | ONCHW | 200,000 | $2.1M | 0.51% |
| 60 | NEWHOLD INVESTMENT CORP III | G6486E128 | 200,000 | $2.1M | 0.50% |
| 61 | HIGHVIEW MERGER CORP | HVMCW | 200,000 | $2.0M | 0.49% |
| 62 | BTC DEVELOPMENT CORP | BDCIW | 200,000 | $2.0M | 0.49% |
| 63 | MELAR ACQUISITION CORP I-A | MACIW | 175,000 | $1.8M | 0.45% |
| 64 | GESHER ACQUISITION CORP II | GSHRW | 150,000 | $1.5M | 0.38% |
| 65 | GLOBA TERRA ACQUISITION CORP | GTERW | 150,000 | $1.5M | 0.37% |
| 66 | CAL REDWOOD ACQUISITION CORP | CRAQU | 150,000 | $1.5M | 0.37% |
| 67 | UY SCUTI ACQUISITION CORP | UYSCU | 150,000 | $1.5M | 0.37% |
| 68 | INDIGO ACQUISITION CORP | INACU | 150,000 | $1.5M | 0.37% |
| 69 | OTG ACQUISITION CORP I | OTGAW | 125,000 | $1.3M | 0.31% |
| 70 | M3-BRIGADE ACQUISITION V-A | G63212107 | 100,600 | $1.1M | 0.26% |
| 71 | PLUM ACQUISITION CORP IV | PLMKW | 100,000 | $1.0M | 0.25% |
| 72 | HCM III ACQUISITION CORP | HCMAW | 100,000 | $1.0M | 0.25% |
| 73 | PANTAGES CAPITAL ACQUISITION | PGACU | 100,000 | $1.0M | 0.25% |
| 74 | GORES HOLDINGS X INC-CL A | G4002F109 | 100,000 | $1.0M | 0.25% |
| 75 | CSLM DIGITAL ASSET ACQUISITI | CMXHF | 100,000 | $1.0M | 0.25% |
| 76 | MCKINLEY ACQUISITION CORP | MKLYU | 100,000 | $999,000 | 0.24% |
| 77 | INFLECTION POINT ACQUISITION | G47875110 | 915,000 | $402,600 | 0.10% |
| 78 | JACKSON ACQUISITION CO II | JACS-UN | 1,475,700 | $398,439 | 0.10% |
| 79 | ARTIUS II ACQUISITION INC | AACBU | 1,500,000 | $360,000 | 0.09% |
| 80 | YORKVILLE ACQUISITION CORP-A | MCGAW | 25,000 | $266,500 | 0.06% |
| 81 | SIM ACQUISITION CORP I-A | SIMAW | 25,000 | $263,500 | 0.06% |
| 82 | SIDDHI ACQUISITION CORP | SDHIU | 1,250,000 | $262,500 | 0.06% |
| 83 | SOULPOWER ACQUISITION CORP | SOUL-UN | 1,303,161 | $247,601 | 0.06% |
| 84 | CEA Industries Inc Private Placement Founder Share | BNCWZ | 23,763 | $185,351 | 0.05% |
| 85 | HCMAW US 31 Jul 30 C11.5 | HCMAW | 233,333 | $165,083 | 0.04% |
| 86 | ANSCW US 31 Dec 28 C11.5 | G0131Y118 | 503,500 | $135,945 | 0.03% |
| 87 | WENNW US 15 May 31 C11.5 | WENNW | 225,000 | $126,000 | 0.03% |
| 88 | TACOW US 28 Apr 30 C11.5 | TACOW | 175,000 | $117,250 | 0.03% |
| 89 | SIZZLE ACQUISITION CORP -RTS | SZZLU | 650,539 | $117,032 | 0.03% |
| 90 | TVACW US 15 May 31 C11.5 | G8772L113 | 100,000 | $110,000 | 0.03% |
| 91 | MOUNTAIN LAKE ACQUISITION CO | MLACU | 700,000 | $105,070 | 0.03% |
| 92 | SHEPHERD AVE CAPITAL ACQUISI | PGACU | 500,000 | $100,000 | 0.02% |
| 93 | NPACW US 24 Apr 30 C11.5 | G6476A110 | 150,000 | $67,500 | 0.02% |
| 94 | A PARADISE ACQUISITION COR | G04819119 | 400,000 | $64,000 | 0.02% |
| 95 | MAYWOOD ACQUISITION CORP | MYXXU | 100,000 | $60,000 | 0.01% |
| 96 | RIBBON ACQUISITION CORP | RIBBU | 250,000 | $58,750 | 0.01% |
| 97 | LOKVW US 17 Apr 30 C11.5 | LOKVW | 100,000 | $55,000 | 0.01% |
| 98 | YHN ACQUISITION I LTD | YHNAU | 344,188 | $52,902 | 0.01% |
| 99 | UY SCUTI ACQUISITION CORP | UYSCU | 150,000 | $40,500 | 0.01% |
| 100 | GTENW US 20 Jun 31 C11.5 | G4002F125 | 50,000 | $38,000 | 0.01% |
| 101 | OAK WOODS ACQUISITION COR-RT | 67190B120 | 120,000 | $30,000 | 0.01% |
| 102 | DT CLOUD ACQUISITION COR-RTS | G28524133 | 150,000 | $27,000 | 0.01% |
| 103 | BAYVIEW ACQUISITION CORP | BAYAU | 150,000 | $24,000 | 0.01% |
| 104 | MACIW US 01 Jun 31 C11.5 | MACIW | 150,528 | $23,543 | 0.01% |
| 105 | ATMCW US 17 Jan 28 C11.5 | G0223V121 | 300,000 | $21,390 | 0.01% |
| 106 | FUFUW US 07 Jun 28 C11.5 | FUFUW | 50,000 | $20,005 | 0.00% |
| 107 | ISRLW US 28 Feb 28 C11.5 | ISLWF | 100,800 | $18,396 | 0.00% |
| 108 | BLACK HAWK ACQUISITION C-RTS | BKHAU | 10,000 | $17,000 | 0.00% |
| 109 | CAL REDWOOD ACQUISITION CORP | CRAQU | 66,869 | $14,711 | 0.00% |
| 110 | BLUWW US 31 Dec 26 C11.5 | G1368E114 | 100,000 | $14,190 | 0.00% |
| 111 | SHMDW US 25 Aug 28 C11.5 | SHMDW | 46,200 | $12,603 | 0.00% |
| 112 | MCGAW US 06 Jun 30 C11.5 | MCGAW | 8,333 | $10,000 | 0.00% |
| 113 | SCHMID GROUP NV | SHMDW | 2,505 | $7,077 | 0.00% |
| 114 | AMBI/WS US 06 Mar 28 C11.5 | AMBWQ | 130,905 | $5,498 | 0.00% |
| 115 | FLAG SHIP ACQUISITION CORP | FSHPR | 27,000 | $4,860 | 0.00% |
| 116 | OAKUW US 17 May 28 C11.5 | 67190B112 | 120,000 | $4,812 | 0.00% |
| 117 | FORLW US 12 May 28 C11.5 | 35088F115 | 110,000 | $3,927 | 0.00% |
| 118 | DAICW US 17 Nov 26 C11.5 | DAICW | 25,000 | $3,813 | 0.00% |
| 119 | MKDWW US 31 Jul 29 C0 | MKDWW | 175,000 | $2,660 | 0.00% |
| 120 | GCLWW US 13 Feb 30 C11.5 | GCLWW | 4,500 | $348 | 0.00% |
| 121 | LIMNW US 30 Apr 30 C11.5 | LIMNW | 1,250 | $185 | 0.00% |
| 122 | WALDW US 27 Jul 27 C11.5 | WALDW | 666 | $25 | 0.00% |
| 123 | YSBPW US 15 Mar 28 C11.5 | G9845F117 | 5,000 | $25 | 0.00% |
| 124 | YOULW US 10 Jul 30 C11.5 | G9878M112 | 125,000 | $0 | 0.00% |