Vault-13

ALDEL FINL II INC ALDF

CL A · Common Stock · CUSIP G01558108

37 institutional holders +16 vs Q4 2024
17,827,13117.8m shares reported held*
59.7% of all shares outstanding*
$180.0mreported value*
18 new 7 added 5 reduced 2 sold out net bought ≈ $86.7m (+8.6m 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 ($664.7k this quarter). Holder counts are more reliable. Shares outstanding: 29.9m as of 2025-05-02, 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 ≈ $10.10.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

02040Q4 24: 21Q1 25: 3737Q4 24Q1 25
Numbers
QuarterHolders
Q4 202421
Q1 202537

Biggest buyers

LMR Partners LLP New +1,200,000+1.2m
Linden Advisors LP New +950,000+950.0k
Kepos Capital LP New +937,458+937.5k
Schechter Investment Advisors, LLC New +761,474+761.5k
PICTON MAHONEY ASSET MANAGEMENT New +750,000+750.0k
Westchester Capital Management, LLC Added +684,448+684.4k
D. E. Shaw & Co., Inc. Added +677,715+677.7k
GOLDMAN SACHS GROUP INC New +605,314+605.3k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +550,000+550.0k
WOLVERINE ASSET MANAGEMENT LLC New +547,122+547.1k

Biggest sellers

CSS LLC/IL Reduced -700,010-700.0k
Shaolin Capital Management LLC Sold out -700,000-700.0k
AQR Arbitrage LLC Reduced -605,314-605.3k
Fort Baker Capital Management LP Reduced -108,813-108.8k
FIR TREE CAPITAL MANAGEMENT LP Sold out -45,650-45.6k
Verition Fund Management LLC Reduced -23,729-23.7k
TORONTO DOMINION BANK Reduced -2,048-2.0k

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 in Q1 2025

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
101Q2 23: 0 buyingQ2 23: 0 sellingQ3 23: 0 buyingQ3 23: 0 sellingQ3 23Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24Q4 24: 1 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q2 20230—0——
Q3 20230—0——
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20241—0——
Q1 20250—0——

None reported in Q1 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 AQR Arbitrage LLC 0.41% of their portfolio Greenwich, CT 1,657,8701.7m $16.7m $16.7m 0.41% Reduced -605.3k -605,314
2 Hudson Bay Capital Management LP 0.09% of their portfolio STAMFORD, CT 1,450,0001.4m $14.6m $14.6m 0.09% Unchanged
3 LMR Partners LLP 0.24% of their portfolio LONDON, X0 1,200,0001.2m $12.1m $12.1m 0.24% New
4 Westchester Capital Management, LLC 0.69% of their portfolio VALHALLA, NY 1,184,4481.2m $12.0m $12.0m 0.69% Added +684.4k +684,448
5 Linden Advisors LP 0.07% of their portfolio New York, NY 950,000950.0k $9.6m $9.6m 0.07% New
6 Kepos Capital LP 7.85% of their portfolio NEW YORK, NY 937,458937.5k $9.5m $9.5m 7.85% New
7 Ghisallo Capital Management LLC 0.79% of their portfolio BOSTON, MA 900,000900.0k $9.1m $9.1m 0.79% Unchanged
8 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 877,644877.6k $8.9m $8.9m 0.01% Added +677.7k +677,715
9 Schechter Investment Advisors, LLC 0.63% of their portfolio BIRMINGHAM, MI 761,474761.5k $7.7m $7.7m 0.63% New
10 PICTON MAHONEY ASSET MANAGEMENT 0.26% of their portfolio Toronto, A6 750,000750.0k $7.6m $7.6m 0.26% New
11 GLAZER CAPITAL, LLC 0.33% of their portfolio New York, NY 713,209713.2k $7.2m $7.2m 0.33% Added +484.0k +484,039
12 TENOR CAPITAL MANAGEMENT Co., L.P. 0.09% of their portfolio NEW YORK, NY 625,800625.8k $6.2m $6.2m 0.09% Unchanged
13 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 605,314605.3k $6.1m $6.1m 0.00% New
14 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 550,000550.0k $5.6m $5.6m 0.01% New
15 WOLVERINE ASSET MANAGEMENT LLC 0.11% of their portfolio CHICAGO, IL 547,122547.1k $5.5m $5.5m 0.11% New
16 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 500,000500.0k $5.1m $5.1m 0.01% New
17 Periscope Capital Inc. 2.67% of their portfolio Toronto, A6 475,000475.0k $4.8m $4.8m 2.67% New
18 Fort Baker Capital Management LP 0.97% of their portfolio Larkspur, CA 449,087449.1k $4.5m $4.5m 0.97% Reduced -108.8k -108,813
19 Harraden Circle Investments, LLC 1.97% of their portfolio NEW YORK, NY 429,051429.1k $4.3m $4.3m 1.97% Added +329.1k +329,051
20 BERKLEY W R CORP 0.31% of their portfolio Greenwich, CT 425,000425.0k $4.3m $4.3m 0.31% Added +75.0k +75,000
21 GRITSTONE ASSET MANAGEMENT LLC 4.24% of their portfolio Bethesda, MD 399,094399.1k $4.0m $4.0m 4.24% New
22 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 246,638246.6k $2.5m $2.5m 0.02% Added +196.6k +196,638
23 Mint Tower Capital Management B.V. 0.75% of their portfolio AMSTERDAM, P7 200,000200.0k $2.0m $2.0m 0.75% Unchanged
24 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 175,566175.6k $1.8m $1.8m 0.01% Reduced -23.7k -23,729
25 Sculptor Capital LP 0.04% of their portfolio New York, NY 175,000175.0k $1.8m $1.8m 0.04% New
26 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 175,000175.0k $1.8m $1.8m 0.00% New
27 MIZUHO SECURITIES USA LLC 0.03% of their portfolio NEW YORK, NY 126,307126.3k $1.3m $1.3m 0.03% New
28 CSS LLC/IL 0.07% of their portfolio CHICAGO, IL 105,610105.6k $1.1m $1.1m 0.07% Reduced -700.0k -700,010
29 Bulldog Investors, LLP 0.21% of their portfolio SADDLE BROOK, NJ 78,05078.0k $789.1k $789.1k 0.21% New
30 Wealthspring Capital LLC 1.02% of their portfolio WEST HARRISON, NY 65,74665.7k $664.7k $664.7k 1.02% New
31 DELTEC ASSET MANAGEMENT LLC 0.11% of their portfolio New York, NY 50,00050.0k $505.5k $505.5k 0.11% Unchanged
32 K2 PRINCIPAL FUND, L.P. 0.08% of their portfolio TORONTO, A6 49,29749.3k $498.4k $498.4k 0.08% Unchanged
33 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 37,87837.9k $382.6k $382.6k 0.00% Reduced -2.0k -2,048
34 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 19,57519.6k $197.7k $197.7k 0.00% New
35 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 595595 $6.0k $6.0k 0.00% Added +501 +501
36 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4444 $445 $445 0.00% New
37 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged