AMERICAN EXCEPTIONALISM ACQU AEXA
ORD CL A · Common Stock · CUSIP G0273J101
- SectorBlank check (SPAC)
- IndustryBlank Checks
- HeadquartersMenlo Park, CA
- 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 ≈ $11.82. Options: 9 managers hold calls ($12.1m notional), 0 hold puts (—).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2025 | 68 |
| Q4 2025 | 81 |
| Q1 2026 | 83 |
| Q2 2026 | 81 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2025 | 33 | 36 |
| Q1 2026 | 28 | 31 |
| Q2 2026 | 21 | 25 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $2.3m | $57.3k | 0.02 |
| Q1 2026 | $10.4m | $0 | 0.00 |
| Q2 2026 | $12.1m | $0 | 0.00 |
Biggest buyers
| MYDA Advisors LLC | Added | +725.3k |
| BERKLEY W R CORP | Added | +326.6k |
| TORONTO DOMINION BANK | Added | +191.5k |
| GROUP ONE TRADING LLC | New | +170.9k |
| GRAHAM CAPITAL WEALTH MANAGEMENT, LLC | Added | +117.4k |
| FNY Investment Advisers, LLC | Added | +74.2k |
| K2 PRINCIPAL FUND, L.P. | Added | +52.6k |
| DLD Asset Management, LP | Added | +46.6k |
| CITADEL ADVISORS LLC | Added | +46.5k |
| Garde Capital, Inc. | Added | +32.6k |
Biggest sellers
| Lighthouse Investment Partners, LLC | Reduced | -465.0k |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Reduced | -459.1k |
| ADAR1 Capital Management, LLC | Reduced | -152.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -139.7k |
| Empyrean Capital Partners, LP | Reduced | -130.0k |
| Governors Lane LP | Reduced | -95.0k |
| Shaolin Capital Management LLC | Reduced | -82.6k |
| Waratah Capital Advisors Ltd. | Sold out | -80.1k |
| Harraden Circle Investments, LLC | Reduced | -72.6k |
| Saba Capital Management, L.P. | Reduced | -61.1k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $2.7m226.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.1m179.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.9m159.3k shares |
| K2 PRINCIPAL FUND, L.P. | Added | $1.8m154.2k shares |
| GROUP ONE TRADING LLC | Reduced | $1.6m134.3k shares |
| CITADEL ADVISORS LLC | Reduced | $1.2m105.7k shares |
| IMC-Chicago, LLC | Added | $430.2k36.4k shares |
| T3 Companies, LLC | Added | $327.2k335.9k shares |
| FNY Investment Advisers, LLC | New | $18.0k1.6k 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.
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.
| Holder | Stake |
|---|---|
| AEXA Sponsor LLC 13G · exempt (held before listing) new · filed 2025-11-14 | 29.6% |
Fell to 5% or below in the last year: GOLDMAN SACHS GROUP INC (4.2%, 2026-08-14)
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
| Manager | Shares | Change |
|---|---|---|
| ExodusPoint Capital Management, LP 0.18% of their portfolio | 1.6m $19.4m | Unchanged |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 1.2m $14.2m | Unchanged |
| MOORE CAPITAL MANAGEMENT, LP 0.32% of their portfolio | 1.2m $14.2m | Unchanged |
| MYDA Advisors LLC 3.38% of their portfolio | 1.2m $13.9m | Added +725.3k |
| Empyrean Capital Partners, LP 0.46% of their portfolio | 1.1m $13.0m | Reduced -130.0k |
| Magnetar Financial LLC 0.12% of their portfolio | 1.1m $13.0m | Unchanged |
| Alberta Investment Management Corp 0.07% of their portfolio | 1.1m $13.0m | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio | 1.1m $13.0m | Unchanged |
| Philosophy Capital Management LLC 1.14% of their portfolio | 1.0m $11.9m | Unchanged |
| GRAHAM CAPITAL WEALTH MANAGEMENT, LLC 8.58% of their portfolio | 939.3k $11.1m | Added +117.4k |
| Allianz Asset Management GmbH 0.01% of their portfolio | 900.0k $10.6m | Unchanged |
| BlueCrest Capital Management Ltd 0.45% of their portfolio | 881.4k $10.4m | Unchanged |
| Sculptor Capital LP 0.10% of their portfolio | 844.7k $10.0m | Unchanged |
| Harraden Circle Investments, LLC 1.23% of their portfolio | 813.4k $9.6m | Reduced -72.6k |
| Linden Advisors LP 0.05% of their portfolio | 757.9k $9.0m | Unchanged |
| AQR Arbitrage LLC 0.13% of their portfolio | 752.9k $8.9m | Added +8.4k |
| BERKLEY W R CORP 0.43% of their portfolio | 747.8k $8.8m | Added +326.6k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 738.5k $8.7m | Unchanged |
| Governors Lane LP 0.86% of their portfolio | 726.0k $8.6m | Reduced -95.0k |
| MMCAP International Inc. SPC 0.63% of their portfolio | 631.5k $7.5m | Unchanged |
| PICTON MAHONEY ASSET MANAGEMENT 0.06% of their portfolio | 550.0k $6.5m | Unchanged |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.22% of their portfolio | 541.2k $6.4m | Reduced -459.1k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.11% of their portfolio | 502.3k $5.9m | Reduced -12.5k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 459.9k $5.4m | Added +22.7k |
| Goodlander Investment Management, LLC 1.46% of their portfolio | 410.6k $4.9m | Added +1.1k |
| Radcliffe Capital Management, L.P. 0.33% of their portfolio | 366.4k $4.3m | Unchanged |
| HBK INVESTMENTS L P 0.05% of their portfolio | 350.0k $4.1m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 339.2k $4.0m | Reduced -139.7k |
| J. Goldman & Co LP 0.13% of their portfolio | 315.0k $3.7m | Unchanged |
| TORONTO DOMINION BANK 0.01% of their portfolio | 311.5k $3.7m | Added +191.5k |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.05% of their portfolio | 300.0k $3.5m | Unchanged |
| BOUSSARD & GAVAUDAN GESTION SAS 0.16% of their portfolio | 275.0k $3.2m | First filing |
| Shaolin Capital Management LLC 0.18% of their portfolio | 267.4k $3.2m | Reduced -82.6k |
| Garde Capital, Inc. 0.14% of their portfolio | 266.8k $3.2m | Added +32.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 260.5k $3.1m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 246.4k $2.9m | Unchanged |
| K2 PRINCIPAL FUND, L.P. 0.26% of their portfolio | 237.3k $2.8m | Added +52.6k |
| ADAR1 Capital Management, LLC 0.11% of their portfolio | 205.4k $2.4m | Reduced -152.1k |
| HRT FINANCIAL LP 0.01% of their portfolio | 199.6k $2.4m | Reduced -180 |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 196.4k $2.3m | Unchanged |
| Lighthouse Investment Partners, LLC 0.07% of their portfolio | 185.0k $2.2m | Reduced -465.0k |
| Massar Capital Management, LP 0.70% of their portfolio | 173.7k $2.1m | Reduced -5.3k |
| GROUP ONE TRADING LLC 0.06% of their portfolio | 170.9k $2.0m | New |
| Context Capital Management, LLC 0.04% of their portfolio | 170.0k $2.0m | Unchanged |
| Periscope Capital Inc. 0.30% of their portfolio | 160.0k $1.9m | Unchanged |
| DLD Asset Management, LP 0.15% of their portfolio | 158.4k $1.9m | Added +46.6k |
| Wealthspring Capital LLC 0.40% of their portfolio | 150.0k $1.8m | Unchanged |
| Polar Asset Management Partners Inc. 0.03% of their portfolio | 129.9k $1.5m | Unchanged |
| SYQUANT CAPITAL SAS 0.33% of their portfolio | 125.0k $1.5m | Unchanged |
| LMR Partners LLP 0.01% of their portfolio | 106.3k $1.3m | Unchanged |
| FNY Investment Advisers, LLC 0.44% of their portfolio | 102.0k $1.2m | Added +74.2k |
| ARISTEIA CAPITAL, L.L.C. 0.02% of their portfolio | 83.5k $986.5k | Unchanged |
| MATAURO, LLC 0.13% of their portfolio | 83.0k $980.8k | Reduced -17.6k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 78.2k $923.7k | Reduced -26.4k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 77.7k $918.6k | Added +46.5k |
| Saba Capital Management, L.P. 0.03% of their portfolio | 70.7k $835.2k | Reduced -61.1k |
| Brevan Howard Capital Management LP 0.01% of their portfolio | 70.0k $827.0k | Reduced -30.0k |
| Marex Group Ltd 0.01% of their portfolio | 63.0k $745.0k | Added +5.5k |
| Lineage Point Capital LP 0.15% of their portfolio | 60.1k $710.8k | Added +6.6k |
| BARCLAYS PLC 0.00% of their portfolio | 57.4k $678.0k | Added +900 |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 52.2k $617.6k | Reduced -2.4k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 50.2k $593.1k | Added +14.7k |
| First Trust Capital Management L.P. 0.03% of their portfolio | 50.0k $591.0k | Unchanged |
| GRITSTONE ASSET MANAGEMENT LLC 0.57% of their portfolio | 50.0k $591.0k | Unchanged |
| O'Connor Alternative Investments LLC 0.04% of their portfolio | 50.0k $591.0k | Unchanged |
| Clear Street Group Inc. 0.00% of their portfolio | 30.0k $354.6k | Unchanged |
| T3 Companies, LLC 0.35% of their portfolio | 26.1k $308.0k | Reduced -96 |
| Walleye Capital LLC 0.00% of their portfolio | 24.7k $292.0k | Added +14.5k |
| Virtu Financial LLC 0.01% of their portfolio | 24.3k $288.0k | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 22.5k $266.3k | New |
| DELTEC ASSET MANAGEMENT LLC 0.03% of their portfolio | 20.0k $236.4k | Unchanged |
| Clearline Capital LP 0.01% of their portfolio | 16.1k $190.8k | Unchanged |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 13.9k $164.4k | Reduced -26 |
| HGC Investment Management Inc. 0.02% of their portfolio | 10.0k $118.2k | Unchanged |
| Aventura Private Wealth, LLC 0.01% of their portfolio | 2.6k $30.2k | Unchanged |
| NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio | 2.1k $24.8k | Unchanged |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.1k $13.0k | Reduced -289 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 1.0k $11.8k | Unchanged |
| IFP Advisors, Inc 0.00% of their portfolio | 1.0k $11.8k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 670 $7.9k | New |
| Dauntless Investment Group, LLC 0.01% of their portfolio | 670 $7.9k | Unchanged |