Vault-13

IRON HORSE ACQUISITIONS CORP UCFI

COM · Common Stock · CUSIP 462837105

37 institutional holders -3 vs Q3 2024
6,301,5886.3m shares reported held*
71.1% of all shares outstanding*
$64.8mreported value*
4 new 5 added 11 reduced 7 sold out net sold ≈ $1.4m (-131.9k shares)

* 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. Shares outstanding: 8.9m as of 2024-11-12, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $10.29.

Trends to Q4 2024

Institutional holders

Managers reporting a position, each quarter

02040Q1 24: 31Q2 24: 37Q3 24: 40Q4 24: 3737Q1 24Q2 24Q3 24Q4 24
Numbers
QuarterHolders
Q1 202431
Q2 202437
Q3 202440
Q4 202437

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q2 24: 19 bought or addedQ2 24: 7 cut or sold outQ2 24Q3 24: 15 bought or addedQ3 24: 12 cut or sold outQ3 24Q4 24: 9 bought or addedQ4 24: 18 cut or sold outQ4 24
Numbers
QuarterBought or addedCut or sold out
Q2 2024197
Q3 20241512
Q4 2024918

Biggest buyers

TORONTO DOMINION BANK New +272,907+272.9k
Walleye Trading LLC Added +213,300+213.3k
Quarry LP New +200,000+200.0k
WOLVERINE ASSET MANAGEMENT LLC Added +194,728+194.7k
Yakira Capital Management, Inc. New +153,706+153.7k
Spartan Fund Management Inc. Added +50,000+50.0k
Bulldog Investors, LLP Added +14,428+14.4k
CLEAR STREET LLC New +6,758+6.8k
Tower Research Capital LLC (TRC) Added +3+3

Biggest sellers

MANGROVE PARTNERS IM, LLC Sold out -339,114-339.1k
Walleye Capital LLC Reduced -213,300-213.3k
Verition Fund Management LLC Sold out -166,706-166.7k
FIR TREE CAPITAL MANAGEMENT LP Sold out -153,264-153.3k
ATW SPAC MANAGEMENT LLC Reduced -75,000-75.0k
BOOTHBAY FUND MANAGEMENT, LLC Reduced -75,000-75.0k
TWO SIGMA INVESTMENTS, LP Reduced -43,711-43.7k
COWEN AND COMPANY, LLC Sold out -43,168-43.2k
Virtu Financial LLC Sold out -35,851-35.9k
Westchester Capital Management, LLC Reduced -31,641-31.6k

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.

HolderStakeChangeShares Last filed
RIVERNORTH CAPITAL MANAGEMENT, LLC 13G · institution new · filed 2025-08-14 5.6% new 494.3k≈ $2.7m 2025-08-14
METEORA CAPITAL, LLC 13G · institution new · filed 2025-05-15 5.2% new 463.7k≈ $2.6m 2025-05-15

Insider purchases and sales in Q4 2024

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

None reported in Q4 2024.

Holders, Q4 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Karpus Management, Inc. 0.20% of their portfolio Pittsford, NY 651,200651.2k $6.7m $6.7m 0.20% Reduced -8.4k -8,425
2 AQR Arbitrage LLC 0.13% of their portfolio Greenwich, CT 529,735529.7k $5.5m $5.5m 0.13% Reduced -5.3k -5,265
3 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.25% of their portfolio WEST PALM BEACH, FL 508,133508.1k $5.2m $5.2m 0.25% Unchanged
4 WOLVERINE ASSET MANAGEMENT LLC 0.08% of their portfolio CHICAGO, IL 452,223452.2k $4.7m $4.7m 0.08% Added +194.7k +194,728
5 BERKLEY W R CORP 0.23% of their portfolio Greenwich, CT 398,551398.6k $4.1m $4.1m 0.23% Unchanged
6 Walleye Trading LLC 0.07% of their portfolio NEW YORK, NY 355,500355.5k $3.7m $3.7m 0.07% Added +213.3k +213,300
7 Crossingbridge Advisors, LLC 1.10% of their portfolio PLEASANTVILLE, NY 327,868327.9k $3.4m $3.4m 1.10% Unchanged
8 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 293,000293.0k $3.0m $3.0m 0.00% Unchanged
9 Hudson Bay Capital Management LP 0.02% of their portfolio STAMFORD, CT 275,000275.0k $2.8m $2.8m 0.02% Unchanged
10 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 272,907272.9k $2.8m $2.8m 0.01% New
11 MIZUHO SECURITIES USA LLC 0.04% of their portfolio NEW YORK, NY 213,032213.0k $2.2m $2.2m 0.04% Reduced -16.4k -16,417
12 Westchester Capital Management, LLC 0.13% of their portfolio VALHALLA, NY 211,965212.0k $2.2m $2.2m 0.13% Reduced -31.6k -31,641
13 Quarry LP 0.40% of their portfolio NEW YORK, NY 200,000200.0k $2.1m $2.1m 0.40% New
14 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 165,871165.9k $1.7m $1.7m 0.01% Unchanged
15 HEIGHTS CAPITAL MANAGEMENT, INC 0.84% of their portfolio SAN FRANCISCO, CA 165,043165.0k $1.7m $1.7m 0.84% Unchanged
16 Bulldog Investors, LLP 0.42% of their portfolio SADDLE BROOK, NJ 155,604155.6k $1.6m $1.6m 0.42% Added +14.4k +14,428
17 Yakira Capital Management, Inc. 0.63% of their portfolio Westport, CT 153,706153.7k $1.6m $1.6m 0.63% New
18 WHITEBOX ADVISORS LLC 0.06% of their portfolio MINNEAPOLIS, MN 150,000150.0k $1.5m $1.5m 0.06% Unchanged
19 Periscope Capital Inc. 0.90% of their portfolio Toronto, A6 123,900123.9k $1.3m $1.3m 0.90% Reduced -1.6k -1,618
20 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 119,035119.0k $1.2m $1.2m 0.00% Unchanged
21 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 89,72689.7k $923.3k $923.3k 0.00% Reduced -43.7k -43,711
22 Centiva Capital, LP 0.03% of their portfolio New York, NY 65,00065.0k $668.9k $668.9k 0.03% Unchanged
23 BOOTHBAY FUND MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 59,02059.0k $607.3k $607.3k 0.02% Reduced -75.0k -75,000
24 ATW SPAC MANAGEMENT LLC 0.82% of their portfolio NEW YORK, NY 59,02059.0k $607.3k $607.3k 0.82% Reduced -75.0k -75,000
25 Spartan Fund Management Inc. 1.79% of their portfolio TORONTO, ONTARIO, Z4 52,20052.2k $537.1k $537.1k 1.79% Added +50.0k +50,000
26 ARISTEIA CAPITAL, L.L.C. 0.02% of their portfolio GREENWICH, CT 50,00050.0k $514.5k $514.5k 0.02% Unchanged
27 Walleye Capital LLC 0.00% of their portfolio NEW YORK, NY 39,50039.5k $406.5k $406.5k 0.00% Reduced -213.3k -213,300
28 ROBINSON CAPITAL MANAGEMENT, LLC 0.15% of their portfolio GROSSE POINTE FARMS, MI 34,94734.9k $359.6k $359.6k 0.15% Reduced -14.6k -14,565
29 Warberg Asset Management LLC 0.09% of their portfolio WINNETKA, IL 33,36733.4k $343.3k $343.3k 0.09% Unchanged
30 ADAR1 Capital Management, LLC 0.05% of their portfolio AUSTIN, TX 25,00025.0k $257.2k $257.2k 0.05% Unchanged
31 Atlas Merchant Capital LLC 0.48% of their portfolio New York, NY 25,00025.0k $257.2k $257.2k 0.48% Unchanged
32 Tidal Investments LLC 0.00% of their portfolio Milwaukee, WI 16,69716.7k $171.8k $171.8k 0.00% Reduced -14.6k -14,565
33 TrueMark Investments, LLC 0.04% of their portfolio CHICAGO, IL 12,15012.2k $125.0k $125.0k 0.04% Unchanged
34 Dakota Wealth Management 0.00% of their portfolio PALM BEACH GARDENS, FL 10,77510.8k $110.9k $110.9k 0.00% Unchanged
35 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 6,7586.8k $69.5k $69.5k 0.00% New
36 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 155155 $1.6k $1.6k 0.00% Added +3 +3
37 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged