Vault-13

CHURCHILL CAP CORP XI CCXI

CL A ORD SHS · Common Stock · CUSIP G2131A108

72 institutional holders +24 vs Q1 2026
31,606,24531.6m shares reported held*
$548.6mreported value*
41 new 4 added 19 reduced 17 sold out net bought ≈ $80.5m (+4.6m 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. Holder counts are more reliable. Implied quarter-end price ≈ $17.36.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0255075Q1 26: 48Q2 26: 7272Q1 26Q2 26
Numbers
QuarterHolders
Q1 202648
Q2 202672

Biggest buyers

CITADEL ADVISORS LLC New +3,253,289+3.3m
Empyrean Capital Partners, LP New +3,150,000+3.1m
BlueCrest Capital Management Ltd New +2,366,396+2.4m
MMCAP International Inc. SPC New +950,474+950.5k
T3 Companies, LLC New +947,652+947.7k
MILLENNIUM MANAGEMENT LLC New +908,797+908.8k
PEAK6 LLC New +778,940+778.9k
Shay Capital LLC New +580,901+580.9k
Creek Drive Management Group LLC New +550,000+550.0k
Harraden Circle Investments, LLC New +478,517+478.5k

Biggest sellers

ADAGE CAPITAL PARTNERS GP, L.L.C. Reduced -1,914,477-1.9m
ExodusPoint Capital Management, LP Sold out -1,000,000-1.0m
Sculptor Capital LP Reduced -805,110-805.1k
Magnetar Financial LLC Reduced -781,475-781.5k
Linden Advisors LP Reduced -692,770-692.8k
Hudson Bay Capital Management LP Sold out -650,000-650.0k
PICTON MAHONEY ASSET MANAGEMENT Reduced -650,000-650.0k
Alberta Investment Management Corp Reduced -600,000-600.0k
Fort Baker Capital Management LP Reduced -516,151-516.2k
ARISTEIA CAPITAL, L.L.C. Sold out -500,000-500.0k

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
CHURCHILL SPONSOR XI LLC 13D · may seek influence new · filed 2025-12-29
Stated purposeIn connection with the organization of the Issuer, on June 4, 2025, 8,625,000 Class B Ordinary Shares (the "Founder Shares") were purchased by the Sponsor for the amount of $25,000, pursuant to a Securities Subscription Agreement, dated as of June 4, 2025, 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. In November 2025 and December 2025, the Issuer effected share capitalizations, resulting in the Sponsor holding an aggregate of 13,800,000 Founder Shares. On December 18, 2025, simultaneously with the consummation of the Issuer's Initial Public Offering (the "IPO"), the Sponsor purchased 500,000 units ("Placement Units") of the Issuer at $10.00 pe… Full filing
 25.7% new 14.3m≈ $249.5m 2025-12-29
Empyrean Capital Partners, LP 13G · institution new · filed 2026-08-14 7.5% new 3.1m≈ $55.0m 2026-08-14

Fell to 5% or below in the last year: MMCAP International Inc. SPC (2.3%, 2026-08-14), Fort Baker Capital Management LP (4.8%, 2026-08-14), Magnetar Financial LLC (4.6%, 2026-08-13), Adage Capital Management, L.P. (1.9%, 2026-08-12), MILLENNIUM MANAGEMENT LLC (3.6%, 2026-07-31)

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.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 1 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20251$5.0m0——
Q1 20260—0——
Q2 20260—0——
Q3 20260—0——

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 3,253,2893.3m $53.9m $53.9m 0.03% New
2 Empyrean Capital Partners, LP 1.93% of their portfolio LOS ANGELES, CA 3,150,0003.1m $55.0m $55.0m 1.93% New
3 BlueCrest Capital Management Ltd 1.76% of their portfolio ST HELIER, Y9 2,366,3962.4m $41.3m $41.3m 1.76% New
4 Fort Baker Capital Management LP 2.78% of their portfolio Larkspur, CA 2,003,6972.0m $35.0m $35.0m 2.78% Reduced -516.2k -516,151
5 Polar Asset Management Partners Inc. 0.64% of their portfolio TORONTO, A6 2,000,0002.0m $34.9m $34.9m 0.64% Unchanged
6 Magnetar Financial LLC 0.31% of their portfolio EVANSTON, IL 1,918,5251.9m $33.5m $33.5m 0.31% Reduced -781.5k -781,475
7 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 1,297,1801.3m $22.6m $22.6m 0.01% Unchanged
8 Sculptor Capital LP 0.22% of their portfolio New York, NY 1,194,8901.2m $20.9m $20.9m 0.22% Reduced -805.1k -805,110
9 MMCAP International Inc. SPC 1.41% of their portfolio GRAND CAYMAN, E9 950,474950.5k $16.6m $16.6m 1.41% New
10 T3 Companies, LLC 18.89% of their portfolio NEW YORK, NY 947,652947.7k $16.5m $16.5m 18.89% New
11 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 908,797908.8k $15.9m $15.9m 0.01% New
12 Alberta Investment Management Corp 0.09% of their portfolio EDMONTON, A0 900,000900.0k $15.7m $15.7m 0.09% Reduced -600.0k -600,000
13 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio Boston, MA 785,523785.5k $13.7m $13.7m 0.02% Reduced -1.9m -1,914,477
14 PEAK6 LLC 0.33% of their portfolio AUSTIN, TX 778,940778.9k $13.6m $13.6m 0.33% New
15 MOORE CAPITAL MANAGEMENT, LP 0.28% of their portfolio NEW YORK, NY 700,000700.0k $12.2m $12.2m 0.28% Reduced -300.0k -300,000
16 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 652,500652.5k $11.4m $11.4m 0.01% Unchanged
17 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 600,000600.0k $10.5m $10.5m 0.01% Reduced -150.0k -150,000
18 Shay Capital LLC 1.12% of their portfolio NEW YORK, NY 580,901580.9k $10.1m $10.1m 1.12% New
19 Creek Drive Management Group LLC 5.93% of their portfolio SAN FRANCISCO, CA 550,000550.0k $9.6m $9.6m 5.93% New
20 Harraden Circle Investments, LLC 1.06% of their portfolio NEW YORK, NY 478,517478.5k $8.4m $8.4m 1.06% New
21 Potrero Capital Research LLC 4.82% of their portfolio SAN FRANCISCO, CA 450,550450.6k $7.9m $7.9m 4.82% New
22 LMR Partners LLP 0.05% of their portfolio LONDON, X0 415,838415.8k $7.3m $7.3m 0.05% New
23 J. Goldman & Co LP 0.22% of their portfolio NEW YORK, NY 358,750358.8k $6.3m $6.3m 0.22% New
24 AQR Arbitrage LLC 0.08% of their portfolio Greenwich, CT 330,571330.6k $5.8m $5.8m 0.08% Added +21.5k +21,541
25 Linden Advisors LP 0.03% of their portfolio New York, NY 307,230307.2k $5.4m $5.4m 0.03% Reduced -692.8k -692,770
26 TENOR CAPITAL MANAGEMENT Co., L.P. 0.07% of their portfolio NEW YORK, NY 300,000300.0k $5.2m $5.2m 0.07% Reduced -450.0k -450,000
27 DLD Asset Management, LP 0.39% of their portfolio NEW YORK, NY 275,000275.0k $4.8m $4.8m 0.39% Added +196.2k +196,196
28 Lineage Point Capital LP 0.89% of their portfolio PALM BEACH, FL 248,500248.5k $4.3m $4.3m 0.89% New
29 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 200,000200.0k $3.5m $3.5m 0.02% Reduced -411.4k -411,375
30 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 184,545184.5k $3.2m $3.2m 0.00% Reduced -9.0k -8,955
31 HBK INVESTMENTS L P 0.04% of their portfolio DALLAS, TX 180,000180.0k $3.1m $3.1m 0.04% Reduced -120.0k -120,000
32 JANE STREET GROUP, LLC 0.00% of their portfolio NEW YORK, NY 167,631167.6k $2.9m $2.9m 0.00% New
33 UBS Group AG 0.00% of their portfolio ZURICH, V8 165,838165.8k $2.9m $2.9m 0.00% Added +162.1k +162,061
34 EXCHANGE TRADED CONCEPTS, LLC 0.01% of their portfolio Oklahoma City, OK 145,025145.0k $2.5m $2.5m 0.01% New
35 Periscope Capital Inc. 0.40% of their portfolio Toronto, A6 142,500142.5k $2.5m $2.5m 0.40% Reduced -282.5k -282,500
36 K2 PRINCIPAL FUND, L.P. 0.23% of their portfolio TORONTO, A6 140,403140.4k $2.5m $2.5m 0.23% New
37 GABELLI & Co INVESTMENT ADVISERS, INC. 0.29% of their portfolio Rye, NY 113,450113.5k $2.0m $2.0m 0.29% New
38 Telligent Fund, LP 1.42% of their portfolio HONG KONG, K3 110,491110.5k $1.9m $1.9m 1.42% New
39 GABELLI FUNDS LLC 0.01% of their portfolio Rye, NY 105,600105.6k $1.8m $1.8m 0.01% New
40 PICTON MAHONEY ASSET MANAGEMENT 0.02% of their portfolio Toronto, A6 100,000100.0k $1.7m $1.7m 0.02% Reduced -650.0k -650,000
41 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 85,91585.9k $1.5m $1.5m 0.00% Reduced -121.6k -121,603
42 Scientech Research LLC 1.19% of their portfolio JERSEY CITY, NJ 84,05384.1k $1.5m $1.5m 1.19% New
43 FNY Investment Advisers, LLC 0.53% of their portfolio NEW YORK, NY 83,94183.9k $1.5m $1.5m 0.53% New
44 Artemis Wealth Advisors, LLC 0.17% of their portfolio Port Washington, NY 80,00080.0k $1.4m $1.4m 0.17% New
45 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 73,52173.5k $1.2m $1.2m 0.00% Reduced -26.5k -26,479
46 Marex Group Ltd 0.01% of their portfolio London, X0 64,55064.5k $1.1m $1.1m 0.01% New
47 FirstWave Capital Management LLC 0.49% of their portfolio MIAMI, FL 63,78163.8k $1.1m $1.1m 0.49% New
48 Shaolin Capital Management LLC 0.05% of their portfolio Miami, FL 52,47052.5k $915.6k $915.6k 0.05% Reduced -461.6k -461,567
49 DELTEC ASSET MANAGEMENT LLC 0.13% of their portfolio New York, NY 50,00050.0k $872.5k $872.5k 0.13% Unchanged
50 ADAR1 Capital Management, LLC 0.04% of their portfolio AUSTIN, TX 50,00050.0k $872.5k $872.5k 0.04% New
51 Sphera Management Technology Funds Ltd 0.31% of their portfolio TEL AVIV, L3 50,00050.0k $872.5k $872.5k 0.31% New
52 POLEN CAPITAL MANAGEMENT LLC 0.01% of their portfolio Boca Raton, FL 45,59045.6k $795.5k $795.5k 0.01% New
53 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 42,50042.5k $741.6k $741.6k 0.00% New
54 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 42,24542.2k $737.2k $737.2k 0.00% New
55 WHITEBOX ADVISORS LLC 0.01% of their portfolio MINNEAPOLIS, MN 40,00040.0k $698.0k $698.0k 0.01% Reduced -60.0k -60,000
56 Dauntless Investment Group, LLC 1.17% of their portfolio Milford, MI 38,58738.6k $673.3k $673.3k 1.17% Not comparable
57 Saba Capital Management, L.P. 0.02% of their portfolio NEW YORK, NY 30,00030.0k $523.5k $523.5k 0.02% New
58 BRANT POINT INVESTMENT MANAGEMENT LLC 0.10% of their portfolio New York, NY 25,00025.0k $436.2k $436.2k 0.10% New
59 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 24,77224.8k $432.3k $432.3k 0.00% New
60 Mint Tower Capital Management B.V. 0.05% of their portfolio AMSTERDAM, P7 22,50022.5k $393.0k $393.0k 0.05% Unchanged
61 Verbena Value LP 0.07% of their portfolio WESTPORT, CT 22,50022.5k $406.8k $406.8k 0.07% Unchanged
62 GLAZER CAPITAL, LLC 0.01% of their portfolio New York, NY 20,00020.0k $349.0k $349.0k 0.01% Reduced -172.4k -172,432
63 Cinctive Capital Management LP 0.01% of their portfolio New York, NY 16,80016.8k $293.2k $293.2k 0.01% New
64 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 13,08613.1k $228.4k $228.4k 0.00% New
65 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 12,50012.5k $218.1k $218.1k 0.00% New
66 SG Americas Securities, LLC 0.00% of their portfolio NEW YORK, NY 10,49110.5k $183.0k $183.0k 0.00% New
67 Mercuria Capital Strategies, LLC 0.01% of their portfolio HOUSTON, TX 1,0001.0k $17.4k $17.4k 0.01% Unchanged
68 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 700700 $12.2k $12.2k 0.00% New
69 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 250250 $4.0k $4.0k 0.00% New
70 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 202202 $3.5k $3.5k 0.00% Added +182 +182
71 OSAIC HOLDINGS, INC. 0.00% of their portfolio SCOTTSDALE, AZ 8080 $1.4k $1.4k 0.00% New
72 Marquette Asset Management, LLC 0.00% of their portfolio MINNEAPOLIS, MN 88 $140 $140 0.00% New