New Positions
3 managers initiated
Top five by reported value
Fifth Era Acquisition Corp I NASDAQ NMS - GLOBAL MARKET:FERAU
Institutional holders, quarter-over-quarter share deltas, and new and closed positions disclosed in Form 13F. Period 2025-12-31 · prior 2025-09-30.
3 new8 added37 reduced2 exited
Total Institutional Holders
48
as of 2025-12-31
Top Holder
MMCAP International Inc. SPC
$19.6M
Largest QoQ Increase
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS
+400,000 sh
Largest QoQ Decrease
HEIGHTS CAPITAL MANAGEMENT, INC
-350,000 sh
New Positions(3)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | 400,000 | +400,000 | $4.1M | +$4.1M | — |
| PenderFund Capital Management Ltd. | 10,100 | +10,100 | $103.5K | +$103.5K | — |
| Virtu Financial LLC | 43,579 | +43,579 | $447 | +$447 | — |
Added To(8)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 399,872 | +102,372 | $4.1M | +$1.1M | 34.4% |
| Radcliffe Capital Management, L.P. | 404,403 | +75,201 | $4.2M | +$810.0K | 22.8% |
| Shaolin Capital Management LLC | 125,000 | +25,000 | $1.3M | +$269.3K | 25.0% |
| GOLDMAN SACHS GROUP INC | 346,381 | +19 | $3.6M | +$45.2K | 0.0% |
| BERKLEY W R CORP | 199,544 | +744 | $2.1M | +$33.5K | 0.4% |
| Rangeley Capital, LLC | 33,458 | +2,468 | $344.3K | +$29.1K | 8.0% |
| GLAZER CAPITAL, LLC | 904,922 | +218,282 | $9.3K | +$2.3K | 31.8% |
| MORGAN STANLEY | 96 | +16 | $988 | +$175 | 20.0% |
Reduced(37)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| PICTON MAHONEY ASSET MANAGEMENT | 500,000 | 0 | $5.1M | +$5.1M | 0.0% |
| HEIGHTS CAPITAL MANAGEMENT, INC | 350,000 | -350,000 | $3.6M | -$3.5M | -50.0% |
| CITADEL ADVISORS LLC | 503,863 | -177,152 | $5.2M | -$1.8M | -26.0% |
| METEORA CAPITAL, LLC | 843,998 | -75,802 | $8.7M | -$660.4K | -8.2% |
| Wealthspring Capital LLC | 234,550 | -34,200 | $2.4M | -$317.0K | -12.7% |
| MIZUHO SECURITIES USA LLC | 65,216 | -32,068 | $671.7K | -$315.4K | -33.0% |
| MMCAP International Inc. SPC | 1,900,000 | 0 | $19.6M | +$228.0K | 0.0% |
| DLD Asset Management, LP | 121,540 | -178,460 | $1.3M | +$180.6K | -59.5% |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 1,500,000 | 0 | $15.4M | +$180.0K | 0.0% |
| AQR Arbitrage LLC | 1,386,220 | 0 | $14.2M | +$124.8K | 0.0% |
| Governors Lane LP | 1,124,952 | -48 | $11.6M | +$123.3K | 0.0% |
| Magnetar Financial LLC | 1,500,000 | 0 | $15.4M | +$105.0K | 0.0% |
| TWO SIGMA INVESTMENTS, LP | 725,000 | 0 | $7.5M | +$94.3K | 0.0% |
| WHITEBOX ADVISORS LLC | 750,000 | 0 | $7.7M | +$90.0K | 0.0% |
| First Trust Capital Management L.P. | 450,000 | 0 | $4.6M | +$54.0K | 0.0% |
| ARISTEIA CAPITAL LLC | 339,583 | 0 | $3.5M | +$40.8K | 0.0% |
| Hudson Bay Capital Management LP | 650,000 | 0 | $6.7M | +$39.0K | 0.0% |
| Context Capital Management, LLC | 300,000 | 0 | $3.1M | +$36.0K | 0.0% |
| Schonfeld Strategic Advisors LLC | 319,630 | 0 | $3.3M | +$35.2K | 0.0% |
| CSS LLC/IL | 264,731 | 0 | $2.7M | +$31.8K | 0.0% |
| Alberta Investment Management Corp | 500,000 | 0 | $5.1M | +$30.0K | 0.0% |
| Linden Advisors LP | 500,000 | 0 | $5.1M | +$30.0K | 0.0% |
| Periscope Capital Inc. | 225,000 | 0 | $2.3M | +$24.8K | 0.0% |
| D. E. Shaw & Co., Inc. | 400,202 | 0 | $4.1M | +$24.0K | 0.0% |
| MILLENNIUM MANAGEMENT LLC | 200,000 | 0 | $2.1M | +$24.0K | 0.0% |
| GABELLI & Co INVESTMENT ADVISERS, INC. | 174,500 | 0 | $1.8M | +$20.9K | 0.0% |
| MOORE CAPITAL MANAGEMENT, LP | 150,000 | 0 | $1.5M | +$18.0K | 0.0% |
| Jain Global LLC | 219,030 | 0 | $2.2M | +$15.3K | 0.0% |
| GABELLI FUNDS LLC | 125,500 | 0 | $1.3M | +$15.1K | 0.0% |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 250,000 | 0 | $2.6M | +$15.0K | 0.0% |
| TORONTO DOMINION BANK | 100,000 | 0 | $1.0M | +$12.0K | 0.0% |
| Verition Fund Management LLC | 199,003 | 0 | $2.0M | +$11.9K | 0.0% |
| Bulldog Investors, LLP | 72,361 | -1,885 | $744.6K | -$9.7K | -2.5% |
| Clear Street Group Inc. | 77,482 | 0 | $797.3K | +$9.3K | 0.0% |
| Westchester Capital Management, LLC | 86,300 | 0 | $884.6K | +$7.8K | 0.0% |
| DELTEC ASSET MANAGEMENT LLC | 50,000 | 0 | $514.5K | +$6.5K | 0.0% |
| Mint Tower Capital Management B.V. | 300,000 | 0 | $3.1K | +$36 | 0.0% |
Sold Out(2)
| Manager | Shares | Δ Shares | Value | Δ Value | % Δ |
|---|---|---|---|---|---|
| MANGROVE PARTNERS | 0 | -221,057 | $0 | -$2.2M | — |
| WOLVERINE ASSET MANAGEMENT LLC | 0 | -9,366 | $0 | -$95.3K | — |
Top Holders by reported value
Ranked by the dollar value reported on the latest Form 13F. Share counts reflect long positions as of 2025-12-31.
| Manager | Shares | $ Value | Δ Shares | QoQ % |
|---|---|---|---|---|
| MMCAP International Inc. SPC | 1,900,000 | $19.6M | 0 | 0.0% |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 1,500,000 | $15.4M | 0 | 0.0% |
| Magnetar Financial LLC | 1,500,000 | $15.4M | 0 | 0.0% |
| AQR Arbitrage LLC | 1,386,220 | $14.2M | 0 | 0.0% |
| Governors Lane LP | 1,124,952 | $11.6M | -48 | 0.0% |
| METEORA CAPITAL, LLC | 843,998 | $8.7M | -75,802 | -8.2% |
| WHITEBOX ADVISORS LLC | 750,000 | $7.7M | 0 | 0.0% |
| TWO SIGMA INVESTMENTS, LP | 725,000 | $7.5M | 0 | 0.0% |
| Hudson Bay Capital Management LP | 650,000 | $6.7M | 0 | 0.0% |
| CITADEL ADVISORS LLC | 503,863 | $5.2M | -177,152 | -26.0% |
| PICTON MAHONEY ASSET MANAGEMENT | 500,000 | $5.1M | 0 | 0.0% |
| Linden Advisors LP | 500,000 | $5.1M | 0 | 0.0% |
| Alberta Investment Management Corp | 500,000 | $5.1M | 0 | 0.0% |
| First Trust Capital Management L.P. | 450,000 | $4.6M | 0 | 0.0% |
| Radcliffe Capital Management, L.P. | 404,403 | $4.2M | +75,201 | 22.8% |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | 400,000 | $4.1M | +400,000 | — |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 399,872 | $4.1M | +102,372 | 34.4% |
| D. E. Shaw & Co., Inc. | 400,202 | $4.1M | 0 | 0.0% |
| HEIGHTS CAPITAL MANAGEMENT, INC | 350,000 | $3.6M | -350,000 | -50.0% |
| GOLDMAN SACHS GROUP INC | 346,381 | $3.6M | +19 | 0.0% |
New & Closed Positions this quarter
Closed Positions
2 managers exited
Top five by prior-quarter value
Methodology
Form 13F is the SEC's quarterly disclosure for institutional investment managers exercising discretion over $100 million or more in qualifying U.S. equity securities. Managers must file within 45 days of each calendar quarter end, which is why holdings shown here reflect a snapshot at the period date — not real-time positioning.
Quarter-over-quarter deltas compare each manager's most recently reported share count for FERAU against its prior-quarter count. New positions are entries where the prior count was zero; closed positions are entries where the current count is zero. Amendments (13F-HR/A) replace prior filings for the same period.
Source: SEC EDGAR Form 13F (XML information tables). Dollar values are as reported by the manager and may use mid-quarter pricing conventions. CUSIP-to-ticker resolution is best-effort.