Vault-13

ALDEL FINL II INC ALDF

CL A · Common Stock · CUSIP G01558108

52 institutional holders +3 vs Q1 2026
22,929,43922.9m shares reported held*
$245.0mreported value*
4 new 7 added 13 reduced 1 sold out net bought ≈ $2.5m (+237.8k 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 ≈ $10.68.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q4 24: 21Q1 25: 37Q2 25: 47Q3 25: 47Q4 25: 49Q1 26: 49Q2 26: 5252Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q4 202421
Q1 202537
Q2 202547
Q3 202547
Q4 202549
Q1 202649
Q2 202652

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 25: 25 bought or addedQ1 25: 7 cut or sold outQ1 25Q2 25: 20 bought or addedQ2 25: 12 cut or sold outQ2 25Q3 25: 15 bought or addedQ3 25: 14 cut or sold outQ3 25Q4 25: 8 bought or addedQ4 25: 13 cut or sold outQ4 25Q1 26: 10 bought or addedQ1 26: 14 cut or sold outQ1 26Q2 26: 11 bought or addedQ2 26: 14 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 2025257
Q2 20252012
Q3 20251514
Q4 2025813
Q1 20261014
Q2 20261114

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$20k$40k$60kQ3 25 calls: $52.6kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$52.6k$00.00
Q4 2025$0$0—
Q1 2026$0$0—
Q2 2026$0$0—

Biggest buyers

MIZUHO SECURITIES USA LLC Added +455,738+455.7k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Added +370,730+370.7k
BERKLEY W R CORP Added +48,713+48.7k
StoneX Group Inc. New +34,578+34.6k
Arax Advisory Partners New +15,134+15.1k
PICTON MAHONEY ASSET MANAGEMENT Added +13,000+13.0k
DLD Asset Management, LP New +12,830+12.8k
ROBINSON CAPITAL MANAGEMENT, LLC New +12,000+12.0k
WOLVERINE ASSET MANAGEMENT LLC Added +2,360+2.4k
Verition Fund Management LLC Added +1,080+1.1k

Biggest sellers

Meteora Capital, LLC Reduced -354,027-354.0k
Fort Baker Capital Management LP Reduced -200,000-200.0k
TORONTO DOMINION BANK Reduced -66,000-66.0k
AQR Arbitrage LLC Reduced -50,000-50.0k
GLAZER CAPITAL, LLC Reduced -13,679-13.7k
CSS LLC/IL Reduced -11,649-11.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -11,543-11.5k
Shaolin Capital Management LLC Reduced -6,755-6.8k
UBS Group AG Reduced -6,618-6.6k
Wealthspring Capital LLC Reduced -3,659-3.7k

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
Aldel Investors II LLC 13D · may seek influence new · filed 2025-02-14
Stated purposeIn connection with the organization of the Issuer, on July 19, 2024, the Sponsor paid $25,000, or approximately $0.004 per share, to cover certain expenses on our behalf in consideration of 5,750,000 Class B Ordinary Shares (the "Founder Shares"), pursuant to a Securities Subscription Agreement by and between the Sponsor and the Issuer (the "Founder Share Purchase Agreement"), as more fully described in Item 6 of this Schedule 13D which information is incorporated herein by reference. On August 13, 2024, the Sponsor transferred 690,000 founder shares to our officers, directors, senior advisor, and FG Merchant Partner LP, resulting in the Sponsor holding 5,060,000 founder shares. On September 25, 2024, the Sposor purchased an additional 410,714 founder shares for $0.004 per share, resulting… Full filing
 20.2% new 6.0m≈ $64.6m 2025-02-14
Harraden Circle Investments, LLC 13G · institution no change · filed 2026-08-14 9.9% no change 2.4m≈ $25.1m 2026-08-14
Magnetar Financial LLC 13G · institution filed 2026-02-17 8.3% 1.9m≈ $20.3m 2026-02-17
AQR CAPITAL MANAGEMENT LLC 13G · institution -1.2 pts · filed 2026-05-13 6.4% -1.2 pts 1.5m≈ $16.2m 2026-05-13
LMR Partners LLP 13G · institution new · filed 2025-05-15 5.1% new 1.2m≈ $12.8m 2025-05-15

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.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q4 24: 1 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20241—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—0——
Q2 20260—0——
Q3 20260—0——

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Harraden Circle Investments, LLC 3.20% of their portfolio NEW YORK, NY 2,351,2882.4m $25.1m $25.1m 3.20% Unchanged
2 Magnetar Financial LLC 0.19% of their portfolio EVANSTON, IL 1,899,0981.9m $20.3m $20.3m 0.19% Unchanged
3 AQR Arbitrage LLC 0.22% of their portfolio Greenwich, CT 1,463,4261.5m $15.6m $15.6m 0.22% Reduced -50.0k -50,000
4 LMR Partners LLP 0.09% of their portfolio LONDON, X0 1,200,0001.2m $12.8m $12.8m 0.09% Unchanged
5 Westchester Capital Management, LLC 0.62% of their portfolio VALHALLA, NY 1,159,4481.2m $12.4m $12.4m 0.62% Unchanged
6 Hudson Bay Capital Management LP 0.06% of their portfolio STAMFORD, CT 1,100,0001.1m $11.8m $11.8m 0.06% Unchanged
7 Linden Advisors LP 0.05% of their portfolio New York, NY 950,000950.0k $10.2m $10.2m 0.05% Unchanged
8 Ghisallo Capital Management LLC 0.19% of their portfolio BOSTON, MA 900,000900.0k $9.6m $9.6m 0.19% Unchanged
9 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 880,057880.1k $9.4m $9.4m 0.01% Unchanged
10 PICTON MAHONEY ASSET MANAGEMENT 0.08% of their portfolio Toronto, A6 763,000763.0k $8.2m $8.2m 0.08% Added +13.0k +13,000
11 Wealthspring Capital LLC 1.72% of their portfolio WEST HARRISON, NY 721,520721.5k $7.7m $7.7m 1.72% Reduced -3.7k -3,659
12 TENOR CAPITAL MANAGEMENT Co., L.P. 0.11% of their portfolio NEW YORK, NY 699,234699.2k $7.5m $7.5m 0.11% Unchanged
13 MIZUHO SECURITIES USA LLC 0.06% of their portfolio NEW YORK, NY 640,111640.1k $6.8m $6.8m 0.06% Added +455.7k +455,738
14 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 605,314605.3k $6.5m $6.5m 0.00% Unchanged
15 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.29% of their portfolio WEST PALM BEACH, FL 563,655563.7k $6.1m $6.1m 0.29% Reduced -368 -368
16 BERKLEY W R CORP 0.27% of their portfolio Greenwich, CT 523,423523.4k $5.6m $5.6m 0.27% Added +48.7k +48,713
17 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 500,000500.0k $5.3m $5.3m 0.00% Unchanged
18 Meteora Capital, LLC 0.37% of their portfolio Boca Raton, FL 422,920422.9k $4.5m $4.5m 0.37% Reduced -354.0k -354,027
19 GLAZER CAPITAL, LLC 0.11% of their portfolio New York, NY 419,992420.0k $4.5m $4.5m 0.11% Reduced -13.7k -13,679
20 WHITEBOX ADVISORS LLC 0.07% of their portfolio MINNEAPOLIS, MN 400,000400.0k $4.3m $4.3m 0.07% Unchanged
21 GRITSTONE ASSET MANAGEMENT LLC 4.05% of their portfolio Bethesda, MD 394,214394.2k $4.2m $4.2m 4.05% Unchanged
22 Radcliffe Capital Management, L.P. 0.31% of their portfolio BALA CYNWYD, PA 379,584379.6k $4.1m $4.1m 0.31% Unchanged
23 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.14% of their portfolio NEW YORK, NY 370,830370.8k $4.0m $4.0m 0.14% Added +370.7k +370,730
24 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio HARRISBURG, PA 350,000350.0k $3.7m $3.7m 0.02% Unchanged
25 Periscope Capital Inc. 0.59% of their portfolio Toronto, A6 350,000350.0k $3.7m $3.7m 0.59% Unchanged
26 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 334,000334.0k $3.6m $3.6m 0.01% Reduced -66.0k -66,000
27 Fort Baker Capital Management LP 0.22% of their portfolio Larkspur, CA 254,193254.2k $2.7m $2.7m 0.22% Reduced -200.0k -200,000
28 Alberta Investment Management Corp 0.02% of their portfolio EDMONTON, A0 250,581250.6k $2.7m $2.7m 0.02% Unchanged
29 MOORE CAPITAL MANAGEMENT, LP 0.06% of their portfolio NEW YORK, NY 250,000250.0k $2.7m $2.7m 0.06% Unchanged
30 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 206,800206.8k $2.2m $2.2m 0.02% Added +1.1k +1,080
31 Mint Tower Capital Management B.V. 0.25% of their portfolio AMSTERDAM, P7 200,000200.0k $2.1m $2.1m 0.25% Unchanged
32 WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio CHICAGO, IL 197,525197.5k $2.1m $2.1m 0.03% Added +2.4k +2,360
33 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 175,000175.0k $1.9m $1.9m 0.00% Unchanged
34 L1 Global Manager Pty Ltd 1.39% of their portfolio Melbourne, C3 160,000160.0k $1.7m $1.7m 1.39% Unchanged
35 Shaolin Capital Management LLC 0.09% of their portfolio Miami, FL 143,245143.2k $1.5m $1.5m 0.09% Reduced -6.8k -6,755
36 CSS LLC/IL 0.05% of their portfolio CHICAGO, IL 101,906101.9k $1.1m $1.1m 0.05% Reduced -11.6k -11,649
37 O'Connor Alternative Investments LLC 0.08% of their portfolio NEW YORK, NY 100,000100.0k $1.1m $1.1m 0.08% Unchanged
38 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 93,46293.5k $998.6k $998.6k 0.00% Unchanged
39 SONA ASSET MANAGEMENT (US) LLC 0.02% of their portfolio NEW YORK, NY 55,97156.0k $598.0k $598.0k 0.02% Unchanged
40 Bulldog Investors, LLP 0.13% of their portfolio SADDLE BROOK, NJ 54,58054.6k $583.4k $583.4k 0.13% Reduced -2.4k -2,360
41 READYSTATE ASSET MANAGEMENT LP 0.02% of their portfolio CHICAGO, IL 50,51250.5k $539.7k $539.7k 0.02% Unchanged
42 DELTEC ASSET MANAGEMENT LLC 0.08% of their portfolio New York, NY 50,00050.0k $534.2k $534.2k 0.08% Unchanged
43 Kepos Capital LP 0.73% of their portfolio NEW YORK, NY 50,00050.0k $534.0k $534.0k 0.73% Unchanged
44 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 47,31947.3k $505.6k $505.6k 0.00% Reduced -2.7k -2,681
45 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 39,03239.0k $417.1k $417.1k 0.00% Added +1.0k +1,013
46 StoneX Group Inc. 0.01% of their portfolio NEW YORK, NY 34,57834.6k $368.9k $368.9k 0.01% New
47 ARISTEIA CAPITAL, L.L.C. 0.01% of their portfolio GREENWICH, CT 33,55833.6k $358.6k $358.6k 0.01% Unchanged
48 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 15,13415.1k $161.7k $161.7k 0.00% New
49 DLD Asset Management, LP 0.01% of their portfolio NEW YORK, NY 12,83012.8k $137.1k $137.1k 0.01% New
50 ROBINSON CAPITAL MANAGEMENT, LLC 0.06% of their portfolio GROSSE POINTE FARMS, MI 12,00012.0k $128.2k $128.2k 0.06% New
51 UBS Group AG 0.00% of their portfolio ZURICH, V8 5050 $534 $534 0.00% Reduced -6.6k -6,618
52 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4949 $524 $524 0.00% Reduced -21 -21