FG MERGER II CORP
COM · CUSIP 30334J102
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $10.28.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q1 2025 | 17 |
| Q2 2025 | 34 |
| Q3 2025 | 31 |
| Q4 2025 | 31 |
| Q1 2026 | 31 |
| Q2 2026 | 16 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2025 | 22 | 7 |
| Q3 2025 | 11 | 15 |
| Q4 2025 | 12 | 11 |
| Q1 2026 | 7 | 9 |
| Q2 2026 | 6 | 22 |
Biggest buyers
| FLOW TRADERS U.S. LLC | Added | +40.0k |
| CITADEL ADVISORS LLC | New | +13.1k |
| JANE STREET GROUP, LLC | New | +12.2k |
| MORGAN STANLEY | Added | +3.2k |
| GHP Investment Advisors, Inc. | New | +500 |
| Fortitude Family Office, LLC | Added | +12 |
Biggest sellers
| HEIGHTS CAPITAL MANAGEMENT, INC | Sold out | -790.0k |
| AQR Arbitrage LLC | Sold out | -758.2k |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Sold out | -700.3k |
| TORONTO DOMINION BANK | Sold out | -378.4k |
| CSS LLC/IL | Sold out | -352.1k |
| RLH Capital LLC | Sold out | -277.6k |
| GLAZER CAPITAL, LLC | Reduced | -265.6k |
| BERKLEY W R CORP | Reduced | -254.8k |
| Cable Car Capital, LP | Reduced | -250.0k |
| Westchester Capital Management, LLC | Reduced | -193.2k |
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FG Merger Investors II LLC 13G · exempt (held before listing) new · filed 2025-05-15 | 18.3% |
Fell to 5% or below in the last year: RIVERNORTH CAPITAL MANAGEMENT, LLC (0.0%, 2026-10-08), HIGHBRIDGE CAPITAL MANAGEMENT LLC (0.0%, 2026-08-14), AQR CAPITAL MANAGEMENT LLC (0.0%, 2026-08-14), CVI Investments, Inc. (0.0%, 2026-08-14), Atsion Asset Management LLC (0.4%, 2026-07-21), BARCLAYS PLC (2.4%, 2026-02-11)
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.32% of their portfolio | 643.0k $6.7m | Unchanged |
| MANGROVE PARTNERS IM, LLC 0.27% of their portfolio | 392.0k $4.1m | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 250.0k $2.5m | Unchanged |
| Westchester Capital Management, LLC 0.08% of their portfolio | 155.9k $1.6m | Reduced -193.2k |
| Cable Car Capital, LP 0.06% of their portfolio | 142.0k $1.4m | Reduced -250.0k |
| FLOW TRADERS U.S. LLC 0.03% of their portfolio | 68.7k $694.0k | Added +40.0k |
| BERKLEY W R CORP 0.03% of their portfolio | 61.2k $634.5k | Reduced -254.8k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 17.0k $171.7k | Reduced -4.8k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 13.1k $131.9k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 12.2k $123.3k | New |
| GLAZER CAPITAL, LLC 0.00% of their portfolio | 10.5k $106.0k | Reduced -265.6k |
| MORGAN STANLEY 0.00% of their portfolio | 4.5k $45.6k | Added +3.2k |
| GHP Investment Advisors, Inc. 0.00% of their portfolio | 500 $5.0k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 388 $4.0k | Unchanged |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 0.00% of their portfolio | 180 $1.8k | Unchanged |
| Fortitude Family Office, LLC 0.00% of their portfolio | 30 $303 | Added +12 |