HGC Investment Management Inc.

TORONTO, A6 · CIK 1711200 · 13F filing filed 2026-08-14

No investment adviser registration (Form ADV) found for this filer. It may be a parent company whose subsidiaries are the registered advisers, a bank or insurer, or a manager based outside the US.

Legal entityHGC Investment Management Inc. (CA)

$506.6m reported value +12.2% vs Q1 2026

184positions

23.7%in top 10

49 new 8 added 7 reduced 35 sold out vs Q1 2026

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ARTIUS II ACQUISITION INC SHS CL A SHS CL A		1,500,000	$15.7m3.11%	3.11%	Unchanged
2	ALDABRA 4 LQDTY OPP VEH INC UNIT 12/23/2030 ALOVU	ALOVU	1,468,965	$14.8m2.92%	2.92%	Added +25.0k	+25,000 1.7%
3	SIDDHI ACQUISITION CORP CL A SHS SDHI	SDHI	1,250,000	$13.0m2.57%	2.57%	Unchanged
4	QDRO ACQUISITION CORP UNIT 01/28/2031 QADRU	QADRU	1,291,800	$12.9m2.56%	2.56%	Added +91.8k	+91,800 7.7%
5	CH4 NATURAL SOLUTIONS CORP UNIT 99/99/9999 MTNE.U	MTNE.U	1,250,000	$12.5m2.47%	2.47%	New
6	BERTO ACQUISITION CORP II UNIT 03/06/2031 GUACU	GUACU	1,065,000	$10.8m2.13%	2.13%	New
7	GENERAL CATALYST GBL RESIL M UNIT 04/13/2031 GCGRU	GCGRU	1,000,000	$10.3m2.03%	2.03%	New
8	KRAKACQUISITION CORPORATION UNIT 12/23/2030 KRAQU	KRAQU	1,000,000	$10.1m2.00%	2.00%	Unchanged
9	FUTURECORP SPACE ACQUISITION UNIT 99/99/9999 FTRA.U	FTRA.U	1,000,000	$10.1m2.00%	2.00%	New
10	INTERPRIVATE INVTS PARTNERS UNIT 05/27/2031 IPVVU	IPVVU	1,000,000	$9.9m1.96%	1.96%	New
11	SOULPOWER ACQUISITION CORP USD CL A ORD SHS SOUL	SOUL	953,146	$9.9m1.95%	1.95%	Unchanged
12	OXLEY BRIDGE ACQ LTD UNIT 06/17/2030 OBAWU	OBAWU	950,000	$9.8m1.93%	1.93%	Unchanged
13	GORES HOLDINGS XI INC UNIT 06/24/2031 GHXIU	GHXIU	950,000	$9.6m1.90%	1.90%	New
14	CANTOR EQUITY PARTNERS VII I CL A ORD SHS CAES	CAES	935,000	$9.4m1.86%	1.86%	New
15	PYROPHYTE ACQUISITION CORP. CL A SHS PAII	PAII	850,000	$8.7m1.71%	1.71%	Unchanged
16	WILCO 63 CORP UNIT 05/29/2031 WLCOU	WLCOU	850,000	$8.5m1.67%	1.67%	New
17	IDEA ACQUISITION CORP UNIT 01/06/2031 IACOU	IACOU	809,700	$8.1m1.60%	1.60%	Added +9.7k	+9,700 1.2%
18	KEYSTONE ACQUISITION CORP UNIT 05/28/2031 KEYYU	KEYYU	800,000	$8.0m1.59%	1.59%	New
19	AMERICAN DRIVE ACQUISITION C USD CL A ORD SHS ADAC	ADAC	786,413	$7.9m1.56%	1.56%	Unchanged
20	TRG LATIN AMER ACQUIS CORP UNIT 02/20/2031 TRGSU	TRGSU	765,000	$7.7m1.51%	1.51%	Unchanged
21	PIONEER ACQUISITION I CORP UNIT 06/16/2030 PACHU	PACHU	743,077	$7.7m1.51%	1.51%	Unchanged
22	ARES ACQUISITION CORP III UNIT 99/99/9999 AAC.U	AAC.U	750,000	$7.5m1.49%	1.49%	New
23	SNOW ROTHSCHILD ACQUISITION UNIT 05/22/2031 ISNRU	ISNRU	750,000	$7.5m1.48%	1.48%	New
24	LAUNCHPAD CADENZA ACQU CORP USD CL A ORD SHS LPCV	LPCV	725,000	$7.2m1.43%	1.43%	New
25	EQV VENTURES AC CORP. II UNIT 06/30/2032 EVAC.U	EVAC.U	697,174	$7.2m1.41%	1.41%	Unchanged
26	SIZZLE ACQUISITION CORP. II USD CL A ORD SHS SZZL	SZZL	650,539	$6.7m1.33%	1.33%	Unchanged
27	REPUBLIC DIGITAL ACQUISITION USD CL A ORD SHS RDAG	RDAG	646,675	$6.7m1.32%	1.32%	Unchanged
28	CARTESIAN GROWTH CORP IV UNIT 06/08/2031 CGCFU	CGCFU	650,000	$6.5m1.28%	1.28%	New
29	M3-BRIGADE ACQUISITION VI CO UNIT 08/18/2030 MBVIU	MBVIU	625,000	$6.4m1.26%	1.26%	Unchanged
30	ELECTRONIC ARTS INC COM EA	EA	30,316	$6.2m1.23%	1.23%	Reduced -12.5k	-12,500 -29.2%
31	HCM III ACQUISITION CORP ORD SHS CL A HCMA	HCMA	600,000	$6.2m1.22%	1.22%	Unchanged
32	SILVERBOX CORP V UNIT 99/99/9999 SBXE.U	SBXE.U	899,986	$6.1m1.21%	1.21%	Unchanged
33	CANTOR EQUITY PARTNERS V INC SHS CL A S CEPV	CEPV	583,153	$6.0m1.19%	1.19%	Unchanged
34	FUTURECREST ACQUISITION CORP UNIT 99/99/9999 FCRS.U	FCRS.U	550,000	$5.7m1.13%	1.13%	Unchanged
35	MOZAYYX ACQUISITION CORP ORD CL A MZYX	MZYX	575,000	$5.7m1.13%	1.13%	New
36	CANTOR EQUITY PARTNERS IV IN SHS CL A CEPF	CEPF	550,000	$5.7m1.13%	1.13%	Unchanged
37	WEN ACQUISITION CORP COM CL A WENN	WENN	550,000	$5.7m1.12%	1.12%	Unchanged
38	ITHAX ACQUISITION CORP III UNIT 11/17/2030 ITHAU	ITHAU	550,000	$5.6m1.10%	1.10%	Unchanged
39	THAYER VENTURES ACQ CORP II CL A TVAI	TVAI	525,000	$5.4m1.07%	1.07%	Unchanged
40	FIGX CAP ACQUISITION CORP. UNIT 06/17/2030 FIGXU	FIGXU	500,000	$5.2m1.02%	1.02%	Unchanged
41	KARBON CAP PARTNERS CORP UNIT 12/11/2030 KBONU	KBONU	500,000	$5.1m1.01%	1.01%	Unchanged
42	ONEIM ACQUISITION CORP UNIT 01/07/2031 OIMAU	OIMAU	516,249	$5.1m1.01%	1.01%	Added +16.2k	+16,249 3.2%
43	IRON DOME ACQUISITION I CORP UNIT 02/27/2031 IDACU	IDACU	500,000	$5.0m1.00%	1.00%	New
44	MOZAYYX ACQUISITION CORP UNIT 99/99/9999 MZYX.U	MZYX.U	500,000	$5.0m0.99%	0.99%	Unchanged
45	LONG TABLE GROWTH CORP UNIT 05/29/2031 LTGRU	LTGRU	500,000	$5.0m0.99%	0.99%	New
46	RMG ML SPORTS HOLDINGS UNIT 06/05/2031 SHOTU	SHOTU	500,000	$5.0m0.99%	0.99%	New
47	GP-ACT III ACQUISITION CORP CL A GPAT	GPAT	399,387	$4.3m0.86%	0.86%	Added +399.4k	+399,387 —
48	AI INFRASTRUCTURE ACQUISI UNIT 99/99/9999 AIIA.U	AIIA.U	400,000	$4.1m0.82%	0.82%	Unchanged
49	CRANE HBR ACQUISITION CORP I UNIT 12/09/2030 CRANU	CRANU	400,000	$4.1m0.81%	0.81%	Unchanged
50	TRAILBLAZER ACQUISITION CORP UNIT 08/21/2030 BLZRU	BLZRU	400,000	$4.1m0.81%	0.81%	Unchanged
51	APEX TREAS CORP UNIT 10/07/2030 APXTU	APXTU	400,000	$4.1m0.80%	0.80%	Unchanged
52	KPET ULTRA PACELINE CORP UNIT 99/99/9999 KPET.U	KPET.U	400,000	$4.0m0.80%	0.80%	Unchanged
53	HARVARD AVE ACQUISITION CORP USD CL A ORD SHS HAVA	HAVA	375,000	$3.8m0.75%	0.75%	New
54	VINE HILL CAP INVTS CORP II UNIT 11/25/2030 VHCPU	VHCPU	350,000	$3.5m0.70%	0.70%	Unchanged
55	MUZERO ACQUISITION CORP UNIT 01/30/2031 MUZEU	MUZEU	350,000	$3.5m0.69%	0.69%	Unchanged
56	SOLARIUS CAPITAL ACQU CORP UNIT 07/10/2030 SOCAU	SOCAU	300,000	$3.1m0.61%	0.61%	Unchanged
57	EVOLUTION GLOBAL ACQUISITION UNIT 10/22/2030 EVOXU	EVOXU	300,000	$3.1m0.60%	0.60%	Unchanged
58	FORTRESS VALUE ACQU CORP V ORD SHS CL A FVAV	FVAV	300,000	$3.0m0.60%	0.60%	Unchanged
59	ONEIM ACQUISITION CORP ORD SHS CL A OIM	OIM	297,803	$3.0m0.59%	0.59%	Added +200.0k	+200,000 204.5%
60	IRON HORSE ACQUISIT II CORP COM IRHO	IRHO	298,489	$3.0m0.59%	0.59%	New
61	INFINITE EAGLE ACQUISITION C CL A IEAG	IEAG	275,000	$2.8m0.55%	0.55%	Unchanged
62	GORES HLDGS X INC SHS CL A GTEN	GTEN	250,000	$2.6m0.51%	0.51%	Unchanged
63	JENA ACQUISITION CORP II USD CL A ORD SHS JENA	JENA	250,000	$2.6m0.51%	0.51%	Unchanged
64	BLUEPORT ACQUISITION LTD UNIT 10/22/2030 BPACU	BPACU	250,000	$2.6m0.51%	0.51%	Unchanged
65	SAFEGUARD ACQUISITION CORP UNIT 99/99/9999 SAC.U	SAC.U	250,000	$2.6m0.51%	0.51%	Unchanged
66	ALUSSA ENERGY ACQUISITION CO UNIT 99/99/9999 ALUB.U	ALUB.U	250,000	$2.6m0.50%	0.50%	Unchanged
67	INVEST GREEN ACQUISITION COR UNIT 11/04/2030 IGACU	IGACU	250,000	$2.5m0.50%	0.50%	Unchanged
68	ACTIVATE ENERGY ACQUISITION UNIT 11/10/2030 AEAQU	AEAQU	250,000	$2.5m0.50%	0.50%	Unchanged
69	IRENIC ACQUISITION CORP UNIT 04/10/2031 IACQU	IACQU	250,000	$2.5m0.50%	0.50%	New
70	GSR IV ACQUISITION CORP CL A SHS GSRF	GSRF	250,000	$2.5m0.50%	0.50%	Unchanged
71	DYNAMIX CORP III UNIT 10/09/2030 DNMXU	DNMXU	250,000	$2.5m0.50%	0.50%	Unchanged
72	TAILWIND 2.0 ACQUISITION COR UNIT 11/07/2030 TDWDU	TDWDU	250,000	$2.5m0.50%	0.50%	Unchanged
73	LIGHTWAVE ACQUISITION CORP UNIT 06/06/2030 LWACU	LWACU	245,500	$2.5m0.50%	0.50%	Unchanged
74	HENNESSY CAP INVTS CORP VIII UNIT 02/02/2031 HCICU	HCICU	250,000	$2.5m0.50%	0.50%	Unchanged
75	WESTIN ACQUISITION CORP UNIT 09/17/2030 WSTNU	WSTNU	250,000	$2.5m0.50%	0.50%	Unchanged
76	AVERIN CAP ACQUISITION CORP UNIT 01/30/2031 ACAAU	ACAAU	250,000	$2.5m0.49%	0.49%	Unchanged
77	IRIS ACQUISITION CORP II ORD SHS CL A IRAB	IRAB	250,000	$2.5m0.49%	0.49%	Unchanged
78	XSOLLA SPAC 1 UNIT 01/12/2031 XSLLU	XSLLU	235,000	$2.4m0.47%	0.47%	Unchanged
79	CHURCHILL CAP CORP XII UNIT 04/02/2031 CXIIU	CXIIU	200,000	$2.2m0.43%	0.43%	New
80	HIGHVIEW MERGER CORP UNIT 07/24/2030 HVMCU	HVMCU	200,000	$2.1m0.41%	0.41%	Unchanged
81	CANTOR EQUITY PARTNERS VI IN CL A ORD SHS CEPS	CEPS	200,000	$2.1m0.41%	0.41%	Unchanged
82	BTC DEV CORP UNIT 09/11/2030 BDCIU	BDCIU	200,000	$2.0m0.40%	0.40%	Unchanged
83	INSIGHT DIGITAL PARTNERS II UNIT 10/28/2030 DYORU	DYORU	200,000	$2.0m0.40%	0.40%	Unchanged
84	HALL CHADWICK ACQUISITION CO ORD SHS CL A HCAC	HCAC	200,000	$2.0m0.40%	0.40%	New
85	YORKVILLE INTL CAP CORP UNIT 06/05/2031 YICCU	YICCU	200,000	$2.0m0.40%	0.40%	New
86	GSR V ACQUISITION CORP UNIT 05/12/2031 GSRVU	GSRVU	195,000	$2.0m0.39%	0.39%	New
87	GESHER ACQUISITION CORP. II UNIT 03/11/2030 GSHRU	GSHRU	150,000	$1.6m0.31%	0.31%	Unchanged
88	GLOBA TERRA ACQUISITION COR UNIT 99/99/9999 GTERU	GTERU	150,000	$1.6m0.31%	0.31%	Unchanged
89	CAL REDWOOD ACQUISITION CORP UNIT 05/15/2030 CRAQU	CRAQU	150,000	$1.6m0.31%	0.31%	Unchanged
90	INDIGO ACQUISITION CORP UNIT 07/01/2030 INACU	INACU	150,000	$1.5m0.31%	0.31%	Unchanged
91	LEAPFROG ACQUISITION CORP UNIT 11/10/2030 LFACU	LFACU	150,000	$1.5m0.30%	0.30%	Unchanged
92	DRUGS MADE IN AMER ACQ II CO USD ORD SHS DMII	DMII	150,000	$1.5m0.30%	0.30%	Reduced -1.1m	-1,080,980 -87.8%
93	OTG ACQUISITION CORP. I UNIT 09/05/2030 OTGAU	OTGAU	125,000	$1.3m0.25%	0.25%	Unchanged
94	M3BRIGADE ACQUISITION V CORP CL A VLOS	VLOS	100,600	$1.1m0.22%	0.22%	Unchanged
95	NEW PROVIDENCE ACQUISITION C USD CL A ORD SHS NPAC	NPAC	100,000	$1.0m0.20%	0.20%	Reduced -350.0k	-350,000 -77.8%
96	MCKINLEY ACQUISITION CORP UNIT 07/25/2030 MKLYU	MKLYU	100,000	$1.0m0.20%	0.20%	Unchanged
97	CSLM DIGITA ASSET ACQ CORP I UNIT 08/12/2030 KOYNU	KOYNU	100,000	$1.0m0.20%	0.20%	Unchanged
98	M EVO GBL ACQUISITION CORP I UNIT 01/23/2031 MEVOU	MEVOU	100,000	$1.0m0.20%	0.20%	Reduced -250.0k	-250,000 -71.4%
99	OCEAN CAP ACQUISITION CORP UNIT 99/99/9999 OCAC.U	OCAC.U	100,000	$1.0m0.20%	0.20%	New
100	SC II ACQUISITION CORP UNIT 11/06/2030 SCIIU	SCIIU	100,000	$1.0m0.20%	0.20%	Unchanged

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
FIFTH ERA ACQUISITION CORP I FERAU	FERAU	1,150,760	$12.1m1.2m shares
INFLECTION PT ACQUISIT CORP IPFXU	IPFXU	950,000	$9.6m950.0k shares
LAUNCHPAD CADENZA ACQUISITIO LPCVU	LPCVU	725,000	$7.2m725.0k shares
TITAN ACQUISITION CORP TACHU	TACHU	559,131	$5.8m559.1k shares
K&F GROWTH ACQUISITION CORP KFII	KFII	550,000	$5.7m550.0k shares
IRON HORSE ACQUISIT CORP II IRHOU	IRHOU	523,489	$5.2m523.5k shares
SILVER PEGASUS ACQUISITION C SPEGU	SPEGU	400,000	$4.2m400.0k shares
HARVARD AVE ACQUISITION CORP HAVAU	HAVAU	375,000	$3.8m375.0k shares
CROWN RESV ACQUISITION CORP CRAC	CRAC	375,000	$3.8m375.0k shares
AXIOM INTELLIGENCE AC CORP 1 AXIN	AXIN	350,000	$3.5m350.0k shares
LAKE SUPERIOR ACQUISITION CO LKSP	LKSP	320,000	$3.2m320.0k shares
LAKESHORE ACQUISITION III CO LCCCU	LCCCU	300,000	$3.1m300.0k shares
QUANTUMSPHERE ACQUISITION CO QUMS	QUMS	300,000	$3.0m300.0k shares
APELLIS PHARMACEUTICALS INC APLS	APLS	75,000	$3.0m75.0k shares
COPLEY ACQUISITION CORP COPL.U	COPL.U	250,000	$2.6m250.0k shares
GIGCAPITAL8 CORP GIWWU	GIWWU	250,000	$2.6m250.0k shares
A PARADISE ACQUISITION CORP ENHA	ENHA	250,000	$2.5m250.0k shares
VIKING ACQUISITION CORP I		250,000	$2.5m250.0k shares
CANTOR EQUITY PARTNERS III I CAEP	CAEP	225,000	$2.3m225.0k shares
NEWHOLD INVT CORP III		200,000	$2.1m200.0k shares
CHURCHILL CAP CORP XI CCXIU	CCXIU	200,000	$2.0m200.0k shares
HALL CHADWICK ACQUISITION CO HCACU	HCACU	200,000	$2.0m200.0k shares
COLUMBUS CIRCLE CAP CORP II IPXGU	IPXGU	200,000	$2.0m200.0k shares
MILUNA ACQUISITION CORP MMTXU	MMTXU	175,000	$1.8m175.0k shares
AMERICAS GOLD AND SILVER COR USAS	USAS	300,000	$1.6m300.0k shares

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
GP-ACT III ACQUISITION CORP GPAT · 13G · filed 2025-02-14	GPAT	8.6%≈ $26.9m	new	13G	2025-02-14
ARTIUS II ACQUISITION INC 13G · filed 2026-02-17		6.8%≈ $15.7m	new	13G	2026-02-17
JACKSON ACQUISITION CO II JACS.U · 13G · filed 2025-02-14	JACS.U	6.3%	new	13G	2025-02-14
JACKSON ACQUISITION CO II JACS · 13G · filed 2026-02-17	JACS	6.2%≈ $15.7m	new	13G	2026-02-17
SHEPHERD AVE CAP ACQUISITION PGACU · 13G · filed 2025-02-14	PGACU	5.6%	new	13G	2025-02-14
AA MISSION ACQUISITION CORP AAM · 13G · filed 2025-02-14	AAM	5.6%	new	13G	2025-02-14
M3BRIGADE ACQUISITION V CORP VLOS · 13G · filed 2025-02-14	VLOS	5.2%≈ $16.2m	new	13G	2025-02-14
CENTURION ACQUISITION CORP ALF · 13G · filed 2026-02-17	ALF	5.0%≈ $7.3m	-3.4 pts	13G	2026-02-17