ALDEL FINL II INC ALDFW
*W EXP 09/26/203 · Equity WRT · CUSIP G01558124
- SectorBlank check (SPAC)
- IndustryBlank Checks
- HeadquartersItasca, IL
- FilingsSEC EDGAR
* 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 ≈ $0.51. Options: 1 managers hold calls ($48.1k notional), 0 hold puts (—).
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2024 | 13 |
| Q1 2025 | 24 |
| Q2 2025 | 31 |
| Q3 2025 | 32 |
| Q4 2025 | 32 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2025 | 16 | 5 |
| Q2 2025 | 13 | 7 |
| Q3 2025 | 2 | 13 |
| Q4 2025 | 6 | 14 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2025 | $45.0k | $0 | 0.00 |
| Q2 2025 | $45.5k | $0 | 0.00 |
| Q3 2025 | $47.3k | $0 | 0.00 |
| Q4 2025 | $48.1k | $0 | 0.00 |
Biggest buyers
| Harraden Circle Investments, LLC | Added | +493.0k |
| BNP PARIBAS FINANCIAL MARKETS | New | +302.7k |
| DLD Asset Management, LP | New | +100.0k |
| TORONTO DOMINION BANK | Added | +82.0k |
| Shaolin Capital Management LLC | Added | +25.0k |
| Clear Street Group Inc. | Added | +2.0k |
Biggest sellers
| AQR Arbitrage LLC | Reduced | -302.7k |
| Weiss Asset Management LP | Reduced | -220.4k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | Reduced | -100.3k |
| PICTON MAHONEY ASSET MANAGEMENT | Reduced | -100.0k |
| Hudson Bay Capital Management LP | Reduced | -61.0k |
| CSS LLC/IL | Reduced | -52.0k |
| Schonfeld Strategic Advisors LLC | Reduced | -15.2k |
| K2 PRINCIPAL FUND, L.P. | Reduced | -10.3k |
| Quarry LP | Sold out | -10.0k |
| Sandia Investment Management LP | Sold out | -10.0k |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Unchanged | $48.1k87.5k shares |
Biggest puts
| None |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Insider purchases and sales in Q4 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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 1 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| Harraden Circle Investments, LLC 0.28% of their portfolio | 2.8m $1.5m | Added +493.0k |
| Magnetar Financial LLC 0.00% of their portfolio | 949.5k $389.3k | Unchanged |
| AQR Arbitrage LLC 0.01% of their portfolio | 828.9k $339.9k | Reduced -302.7k |
| LMR Partners LLP 0.00% of their portfolio | 600.0k $330.0k | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 500.0k $205.0k | Unchanged |
| Linden Advisors LP 0.00% of their portfolio | 475.0k $228.0k | Unchanged |
| Kepos Capital LP 1.39% of their portfolio | 443.7k $244.0k | Unchanged |
| Wealthspring Capital LLC 0.06% of their portfolio | 434.2k $238.8k | Reduced -1.6k |
| Shaolin Capital Management LLC 0.01% of their portfolio | 386.2k $212.4k | Added +25.0k |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 312.9k $172.1k | Unchanged |
| Westchester Capital Management, LLC 0.01% of their portfolio | 312.5k $128.1k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 302.7k $166.5k | New |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 299.7k $164.9k | Unchanged |
| K2 PRINCIPAL FUND, L.P. 0.02% of their portfolio | 288.4k $158.6k | Reduced -10.3k |
| PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio | 275.0k $151.2k | Reduced -100.0k |
| Periscope Capital Inc. 0.03% of their portfolio | 275.0k $151.2k | Unchanged |
| CSS LLC/IL 0.01% of their portfolio | 221.8k $122.0k | Reduced -52.0k |
| TORONTO DOMINION BANK 0.00% of their portfolio | 210.7k $115.9k | Added +82.0k |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 200.0k $110.0k | Unchanged |
| GRITSTONE ASSET MANAGEMENT LLC 0.10% of their portfolio | 197.1k $108.4k | Unchanged |
| Clear Street Group Inc. 0.00% of their portfolio | 136.6k $75.1k | Added +2.0k |
| Alberta Investment Management Corp 0.00% of their portfolio | 125.3k $68.9k | Unchanged |
| MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio | 125.0k $68.8k | Unchanged |
| DLD Asset Management, LP 0.01% of their portfolio | 100.0k $55.0k | New |
| Mint Tower Capital Management B.V. 0.01% of their portfolio | 100.0k $55.0k | Unchanged |
| Hudson Bay Capital Management LP 0.00% of their portfolio | 89.4k $49.2k | Reduced -61.0k |
| Weiss Asset Management LP 0.00% of their portfolio | 51.2k $21.0k | Reduced -220.4k |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% of their portfolio | 47.3k $26.0k | Reduced -100.3k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 39.8k $21.9k | Reduced -15.2k |
| Verition Fund Management LLC 0.00% of their portfolio | 35.2k $14.4k | Reduced -8.0k |
| Bulldog Investors, LLP 0.00% of their portfolio | 28.5k $15.7k | Reduced -502 |
| UBS Group AG 0.00% of their portfolio | 881 $485 | Reduced -407 |