BLEICHROEDER ACQUISITION COR MRLN
SHS CL A · Common Stock · CUSIP G1169T104
- SectorTechnology
- IndustryServices-Computer Integrated Systems Design
- HeadquartersNew York, NY
- 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.
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2024 | 28 |
| Q1 2025 | 36 |
| Q2 2025 | 44 |
| Q3 2025 | 42 |
| Q4 2025 | 58 |
| Q1 2026 | 0 |
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 | 23 | 11 |
| Q2 2025 | 18 | 13 |
| Q3 2025 | 11 | 23 |
| Q4 2025 | 29 | 32 |
| Q1 2026 | 0 | 56 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $70.6k | $0 | 0.00 |
| Q3 2025 | $61.6k | $0 | 0.00 |
| Q4 2025 | $0 | $0 | — |
| Q1 2026 | $0 | $0 | — |
Biggest buyers
| None |
Biggest sellers
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Sold out | -2.0m |
| D. E. Shaw & Co., Inc. | Sold out | -1.2m |
| Governors Lane LP | Sold out | -1.0m |
| Harraden Circle Investments, LLC | Sold out | -955.6k |
| AQR Arbitrage LLC | Sold out | -920.6k |
| Decagon Asset Management LLP | Sold out | -816.4k |
| Alberta Investment Management Corp | Sold out | -750.0k |
| Linden Advisors LP | Sold out | -750.0k |
| MOORE CAPITAL MANAGEMENT, LP | Sold out | -650.0k |
| BERKLEY W R CORP | Sold out | -633.8k |
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 |
|---|---|
| HIGHBRIDGE CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-02-17 | 7.9% |
| MERUS GLOBAL INVESTMENTS, LLC 13G · passive investor -1.9 pts · filed 2026-02-17 | 6.9% |
| BARCLAYS PLC 13G · institution +1.9 pts · filed 2026-02-11 | 6.9% |
Fell to 5% or below in the last year: GOLDMAN SACHS GROUP INC (0.2%, 2026-05-15), First Trust Capital Management L.P. (0.0%, 2026-05-15), AQR CAPITAL MANAGEMENT LLC (3.6%, 2026-02-11), METEORA CAPITAL, LLC (1.2%, 2025-12-05), Westchester Capital Management, LLC (5.0%, 2025-11-14), Hudson Bay Capital Management LP (4.9%, 2025-11-12)
Insider purchases and sales in Q1 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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 1 | $4.2m | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|