Vault-13

AI INFRASTRUCTURE ACQUISI AIIA

ORD SHS CL A · Common Stock · CUSIP G01336109

39 institutional holders +0 vs Q1 2026
11,551,55511.6m shares reported held*
$118.1mreported value*
3 new 9 added 7 reduced 3 sold out net bought ≈ $4.7m (+463.4k 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. Implied quarter-end price ≈ $10.22.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q4 25: 33Q1 26: 39Q2 26: 3939Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q4 202533
Q1 202639
Q2 202639

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 26: 17 bought or addedQ1 26: 11 cut or sold outQ1 26Q2 26: 12 bought or addedQ2 26: 10 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 20261711
Q2 20261210

Biggest buyers

SONA ASSET MANAGEMENT (US) LLC Added +346,172+346.2k
L1 Global Manager Pty Ltd New +175,000+175.0k
Clear Street Group Inc. Added +162,527+162.5k
MIZUHO SECURITIES USA LLC Added +149,209+149.2k
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Added +100,000+100.0k
Parallax Volatility Advisers, L.P. Added +75,192+75.2k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Added +54,834+54.8k
TORONTO DOMINION BANK New +11,600+11.6k
ROBINSON CAPITAL MANAGEMENT, LLC New +10,000+10.0k
AQR Arbitrage LLC Added +7,822+7.8k

Biggest sellers

WOLVERINE ASSET MANAGEMENT LLC Reduced -246,082-246.1k
Cable Car Capital, LP Sold out -125,000-125.0k
Shaolin Capital Management LLC Reduced -70,000-70.0k
Karpus Management, Inc. Reduced -57,149-57.1k
DLD Asset Management, LP Reduced -33,333-33.3k
Verition Fund Management LLC Sold out -27,487-27.5k
BOOTHBAY FUND MANAGEMENT, LLC Sold out -25,001-25.0k
PRELUDE CAPITAL MANAGEMENT, LLC Reduced -25,000-25.0k
Bulldog Investors, LLP Reduced -10,897-10.9k
GLAZER CAPITAL, LLC Reduced -9,696-9.7k

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
Karpus Management, Inc. 13G · institution +4.3 pts · filed 2026-05-14 10.7% +4.3 pts 2.1m≈ $21.1m 2026-05-14

Fell to 5% or below in the last year: WOLVERINE ASSET MANAGEMENT LLC (5.0%, 2026-07-16)

Insider purchases and sales since 1 Apr 2026

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 since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Karpus Management, Inc. 0.59% of their portfolio Pittsford, NY 2,009,0492.0m $20.6m $20.6m 0.59% Reduced -57.1k -57,149
2 WOLVERINE ASSET MANAGEMENT LLC 0.10% of their portfolio CHICAGO, IL 732,165732.2k $7.5m $7.5m 0.10% Reduced -246.1k -246,082
3 Polar Asset Management Partners Inc. 0.11% of their portfolio TORONTO, A6 600,000600.0k $6.1m $6.1m 0.11% Unchanged
4 Hudson Bay Capital Management LP 0.03% of their portfolio STAMFORD, CT 600,000600.0k $6.1m $6.1m 0.03% Unchanged
5 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.26% of their portfolio WEST PALM BEACH, FL 526,500526.5k $5.4m $5.4m 0.26% Unchanged
6 SONA ASSET MANAGEMENT (US) LLC 0.19% of their portfolio NEW YORK, NY 500,000500.0k $5.1m $5.1m 0.19% Added +346.2k +346,172
7 AQR Arbitrage LLC 0.07% of their portfolio Greenwich, CT 461,206461.2k $4.7m $4.7m 0.07% Added +7.8k +7,822
8 MANGROVE PARTNERS IM, LLC 0.30% of their portfolio Greenwich, CT 450,000450.0k $4.6m $4.6m 0.30% Unchanged
9 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 414,000414.0k $4.2m $4.2m 0.00% Unchanged
10 Logan Stone Capital, LLC 0.79% of their portfolio CHICAGO, IL 366,099366.1k $3.7m $3.7m 0.79% Added +688 +688
11 Parallax Volatility Advisers, L.P. 0.14% of their portfolio San Francisco, CA 358,944358.9k $3.7m $3.7m 0.14% Added +75.2k +75,192
12 Westchester Capital Management, LLC 0.17% of their portfolio VALHALLA, NY 331,000331.0k $3.4m $3.4m 0.17% Unchanged
13 BERKLEY W R CORP 0.17% of their portfolio Greenwich, CT 330,314330.3k $3.4m $3.4m 0.17% Added +20 +20
14 Shaolin Capital Management LLC 0.19% of their portfolio Miami, FL 330,000330.0k $3.4m $3.4m 0.19% Reduced -70.0k -70,000
15 HEIGHTS CAPITAL MANAGEMENT, INC 0.71% of their portfolio SAN FRANCISCO, CA 300,000300.0k $3.1m $3.1m 0.71% Unchanged
16 GLAZER CAPITAL, LLC 0.08% of their portfolio New York, NY 299,367299.4k $3.1m $3.1m 0.08% Reduced -9.7k -9,696
17 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 250,000250.0k $2.6m $2.6m 0.01% Added +100.0k +100,000
18 Radcliffe Capital Management, L.P. 0.19% of their portfolio BALA CYNWYD, PA 250,000250.0k $2.6m $2.6m 0.19% Unchanged
19 Crossingbridge Advisors, LLC 0.45% of their portfolio PLEASANTVILLE, NY 250,000250.0k $2.6m $2.6m 0.45% Unchanged
20 MIZUHO SECURITIES USA LLC 0.02% of their portfolio NEW YORK, NY 225,235225.2k $2.3m $2.3m 0.02% Added +149.2k +149,209
21 Clear Street Group Inc. 0.01% of their portfolio NEW YORK, NY 218,146218.1k $2.2m $2.2m 0.01% Added +162.5k +162,527
22 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 217,499217.5k $2.2m $2.2m 0.00% Unchanged
23 Magnetar Financial LLC 0.02% of their portfolio EVANSTON, IL 175,000175.0k $1.8m $1.8m 0.02% Unchanged
24 L1 Global Manager Pty Ltd 1.45% of their portfolio Melbourne, C3 175,000175.0k $1.8m $1.8m 1.45% New
25 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 150,000150.0k $1.5m $1.5m 0.00% Unchanged
26 ARISTEIA CAPITAL, L.L.C. 0.02% of their portfolio GREENWICH, CT 150,000150.0k $1.5m $1.5m 0.02% Unchanged
27 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 149,760149.8k $1.5m $1.5m 0.00% Unchanged
28 GABELLI & Co INVESTMENT ADVISERS, INC. 0.19% of their portfolio Rye, NY 129,600129.6k $1.3m $1.3m 0.19% Unchanged
29 Bulldog Investors, LLP 0.29% of their portfolio SADDLE BROOK, NJ 128,588128.6k $1.3m $1.3m 0.29% Reduced -10.9k -10,897
30 GABELLI FUNDS LLC 0.01% of their portfolio Rye, NY 113,800113.8k $1.2m $1.2m 0.01% Unchanged
31 DLD Asset Management, LP 0.08% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.08% Reduced -33.3k -33,333
32 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 79,28379.3k $804.7k $804.7k 0.03% Added +54.8k +54,834
33 MYDA Advisors LLC 0.12% of their portfolio WOODMERE, NY 50,00050.0k $511.5k $511.5k 0.12% Unchanged
34 Mint Tower Capital Management B.V. 0.06% of their portfolio AMSTERDAM, P7 50,00050.0k $512.0k $512.0k 0.06% Unchanged
35 PRELUDE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 25,00025.0k $255.8k $255.8k 0.02% Reduced -25.0k -25,000
36 ABC ARBITRAGE SA 0.02% of their portfolio PARIS, I0 20,00020.0k $204.6k $204.6k 0.02% Unchanged
37 Wellspring Financial Advisors, LLC 0.01% of their portfolio CLEVELAND, OH 14,40014.4k $147.3k $147.3k 0.01% Unchanged
38 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 11,60011.6k $118.7k $118.7k 0.00% New
39 ROBINSON CAPITAL MANAGEMENT, LLC 0.05% of their portfolio GROSSE POINTE FARMS, MI 10,00010.0k $102.3k $102.3k 0.05% New