AMERICAN DRIVE ACQUISITION C ADACU
UNIT 12/04/2030 · Unit · CUSIP G0R91M121
- SectorBlank check (SPAC)
- IndustryBlank Checks
- HeadquartersWashington, D.C., DC
- 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 ≈ $10.22.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2025 | 66 |
| Q1 2026 | 26 |
| Q2 2026 | 18 |
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 2026 | 7 | 44 |
| Q2 2026 | 3 | 10 |
Biggest buyers
| Clear Street Group Inc. | Added | +19.2k |
| TORONTO DOMINION BANK | Added | +2.0k |
| GLAZER CAPITAL, LLC | Added | +19 |
Biggest sellers
| MMCAP International Inc. SPC | Sold out | -1.0m |
| MILLENNIUM MANAGEMENT LLC | Sold out | -450.0k |
| TIG Advisors, LLC | Sold out | -400.0k |
| L1 Global Manager Pty Ltd | Sold out | -200.0k |
| HEIGHTS CAPITAL MANAGEMENT, INC | Sold out | -50.0k |
| Kryger Capital LLC | Sold out | -35.4k |
| Tuttle Capital Management, LLC | Sold out | -20.0k |
| FNY Investment Advisers, LLC | Reduced | -100 |
| Magnetar Financial LLC | Sold out | -10 |
| UBS Group AG | Reduced | -2 |
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 |
|---|---|
| TENOR CAPITAL MANAGEMENT Co., L.P. 13G · passive investor new · filed 2025-12-22 | 6.3% |
| Adage Capital Management, L.P. 13G · institution new · filed 2026-02-12 | 5.4% |
Fell to 5% or below in the last year: MMCAP International Inc. SPC (4.4%, 2026-02-13)
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 |
|---|---|---|
| LMR Partners LLP 0.04% of their portfolio | 500.0k $5.1m | Unchanged |
| BlueCrest Capital Management Ltd 0.22% of their portfolio | 500.0k $5.1m | Unchanged |
| OMERS ADMINISTRATION Corp 0.02% of their portfolio | 400.0k $4.1m | Unchanged |
| PEAK6 LLC 0.07% of their portfolio | 264.4k $2.7m | Unchanged |
| SYQUANT CAPITAL SAS 0.46% of their portfolio | 200.0k $2.0m | Unchanged |
| Calamos Advisors LLC 0.01% of their portfolio | 197.8k $2.0m | Unchanged |
| Westchester Capital Management, LLC 0.08% of their portfolio | 150.0k $1.5m | Unchanged |
| TORONTO DOMINION BANK 0.00% of their portfolio | 52.6k $538.1k | Added +2.0k |
| PRELUDE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 50.6k $518.0k | Unchanged |
| Stoic Point Capital Management LLC 0.44% of their portfolio | 50.6k $518.0k | Unchanged |
| Lineage Point Capital LP 0.11% of their portfolio | 50.3k $514.7k | Unchanged |
| Clear Street Group Inc. 0.00% of their portfolio | 41.6k $425.9k | Added +19.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 25.0k $255.2k | Unchanged |
| Quarry LP 0.04% of their portfolio | 25.0k $255.8k | Unchanged |
| RLH Capital LLC 0.12% of their portfolio | 25.0k $255.8k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 2.0k $20.5k | Reduced -2 |
| GLAZER CAPITAL, LLC 0.00% of their portfolio | 650 $7.0k | Added +19 |
| FNY Investment Advisers, LLC 0.00% of their portfolio | 320 $3.0k | Reduced -100 |