Vault-13

CSLM DIGITA ASSET ACQ CORP I KOYN

USD CL A ORD SHS · Common Stock · CUSIP G2584S101

49 institutional holders +28 vs Q3 2025
17,775,85617.8m shares reported held*
$176.9mreported value*
31 new 7 added 3 reduced 3 sold out net bought ≈ $75.9m (+7.6m 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 ≈ $9.95.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 25: 21Q4 25: 4949Q3 25Q4 25
Numbers
QuarterHolders
Q3 202521
Q4 202549

Biggest buyers

AQR Arbitrage LLC New +1,213,440+1.2m
Magnetar Financial LLC New +800,000+800.0k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +650,000+650.0k
Wealthspring Capital LLC New +605,690+605.7k
Alberta Investment Management Corp New +500,000+500.0k
Periscope Capital Inc. New +414,900+414.9k
Westchester Capital Management, LLC New +400,000+400.0k
Logan Stone Capital, LLC New +398,462+398.5k
BNP PARIBAS FINANCIAL MARKETS New +386,560+386.6k
TENOR CAPITAL MANAGEMENT Co., L.P. New +350,000+350.0k

Biggest sellers

JPMORGAN CHASE & CO Reduced -1,412,910-1.4m
Sculptor Capital LP Sold out -537,122-537.1k
Parallax Volatility Advisers, L.P. Sold out -270,482-270.5k
Clear Street Group Inc. Reduced -57,681-57.7k
StoneX Group Inc. Sold out -51,766-51.8k
TORONTO DOMINION BANK Reduced -12,605-12.6k

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
CSLM Acquisition Sponsor II, Ltd 13G · exempt (held before listing) new · filed 2025-10-17 25.8% new 8.1m≈ $82.6m 2025-10-17
GLAZER CAPITAL, LLC 13G · institution new · filed 2026-02-12 5.0% new 1.2m≈ $12.2m 2026-02-12

Fell to 5% or below in the last year: JPMORGAN CHASE & CO (4.8%, 2026-07-22), Verition Fund Management LLC (2.9%, 2026-05-15), AQR CAPITAL MANAGEMENT LLC (4.9%, 2026-05-13)

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)

BuyingSelling
404Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 0 buyingQ2 25: 0 sellingQ2 25Q3 25: 3 buyingQ3 25: 0 sellingQ4 25: 0 buyingQ4 25: 0 sellingQ4 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20253—0——
Q4 20250—0——

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 1,356,4861.4m $13.5m $13.5m 0.00% Reduced -1.4m -1,412,910
2 Verition Fund Management LLC 0.07% of their portfolio GREENWICH, CT 1,222,4461.2m $12.2m $12.2m 0.07% Added +331.1k +331,146
3 AQR Arbitrage LLC 0.25% of their portfolio Greenwich, CT 1,213,4401.2m $12.1m $12.1m 0.25% New
4 GLAZER CAPITAL, LLC 0.31% of their portfolio New York, NY 1,200,0001.2m $11.9m $11.9m 0.31% Added +100.0k +100,000
5 Magnetar Financial LLC 0.08% of their portfolio EVANSTON, IL 800,000800.0k $8.0m $8.0m 0.08% New
6 Radcliffe Capital Management, L.P. 0.38% of their portfolio BALA CYNWYD, PA 701,739701.7k $7.0m $7.0m 0.38% Added +237.5k +237,461
7 Hudson Bay Capital Management LP 0.04% of their portfolio STAMFORD, CT 650,000650.0k $6.5m $6.5m 0.04% Unchanged
8 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 650,000650.0k $6.5m $6.5m 0.01% New
9 Wealthspring Capital LLC 1.42% of their portfolio WEST HARRISON, NY 605,690605.7k $6.0m $6.0m 1.42% New
10 Linden Advisors LP 0.04% of their portfolio New York, NY 600,000600.0k $6.0m $6.0m 0.04% Unchanged
11 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 532,249532.2k $5.3m $5.3m 0.01% Unchanged
12 Alberta Investment Management Corp 0.03% of their portfolio EDMONTON, A0 500,000500.0k $5.0m $5.0m 0.03% New
13 Governors Lane LP 0.44% of their portfolio NEW YORK, NY 477,176477.2k $4.7m $4.7m 0.44% Added +312.9k +312,876
14 Periscope Capital Inc. 0.80% of their portfolio Toronto, A6 414,900414.9k $4.1m $4.1m 0.80% New
15 Westchester Capital Management, LLC 0.19% of their portfolio VALHALLA, NY 400,000400.0k $4.0m $4.0m 0.19% New
16 First Trust Capital Management L.P. 0.24% of their portfolio CHICAGO, IL 400,000400.0k $4.0m $4.0m 0.24% Unchanged
17 Logan Stone Capital, LLC 0.98% of their portfolio CHICAGO, IL 398,462398.5k $4.0m $4.0m 0.98% New
18 BERKLEY W R CORP 0.22% of their portfolio Greenwich, CT 396,106396.1k $3.9m $3.9m 0.22% Unchanged
19 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 386,560386.6k $3.8m $3.8m 0.00% New
20 Context Capital Management, LLC 0.09% of their portfolio LAJOLLA, CA 350,000350.0k $3.5m $3.5m 0.09% New
21 TENOR CAPITAL MANAGEMENT Co., L.P. 0.05% of their portfolio NEW YORK, NY 350,000350.0k $3.5m $3.5m 0.05% New
22 PICTON MAHONEY ASSET MANAGEMENT 0.04% of their portfolio Toronto, A6 350,000350.0k $3.5m $3.5m 0.04% Unchanged
23 Shaolin Capital Management LLC 0.13% of their portfolio Miami, FL 350,000350.0k $3.5m $3.5m 0.13% New
24 WOLVERINE ASSET MANAGEMENT LLC 0.04% of their portfolio CHICAGO, IL 307,489307.5k $3.1m $3.1m 0.04% New
25 ARISTEIA CAPITAL, L.L.C. 0.09% of their portfolio GREENWICH, CT 305,386305.4k $3.0m $3.0m 0.09% New
26 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio HARRISBURG, PA 300,000300.0k $3.0m $3.0m 0.02% New
27 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.07% of their portfolio CHICAGO, IL 250,000250.0k $2.5m $2.5m 0.07% Unchanged
28 MIZUHO SECURITIES USA LLC 0.04% of their portfolio NEW YORK, NY 248,952249.0k $2.5m $2.5m 0.04% Added +96.6k +96,590
29 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 200,000200.0k $2.0m $2.0m 0.00% New
30 Clear Street Group Inc. 0.01% of their portfolio NEW YORK, NY 198,058198.1k $2.0m $2.0m 0.01% Reduced -57.7k -57,681
31 Centiva Capital, LP 0.12% of their portfolio New York, NY 192,358192.4k $1.9m $1.9m 0.12% New
32 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 189,599189.6k $1.9m $1.9m 0.01% Added +113.8k +113,799
33 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 187,395187.4k $1.9m $1.9m 0.00% Reduced -12.6k -12,605
34 WHITEBOX ADVISORS LLC 0.02% of their portfolio MINNEAPOLIS, MN 150,000150.0k $1.5m $1.5m 0.02% New
35 MOORE CAPITAL MANAGEMENT, LP 0.03% of their portfolio NEW YORK, NY 150,000150.0k $1.5m $1.5m 0.03% New
36 Cable Car Capital, LP 0.09% of their portfolio SAN FRANCISCO, CA 150,000150.0k $1.5m $1.5m 0.09% New
37 Polar Asset Management Partners Inc. 0.03% of their portfolio TORONTO, A6 139,177139.2k $1.4m $1.4m 0.03% New
38 Quarry LP 0.21% of their portfolio NEW YORK, NY 130,000130.0k $1.3m $1.3m 0.21% New
39 Virtu Financial LLC 0.05% of their portfolio New York, NY 122,326122.3k $1.2m $1.2m 0.05% Added +100.9k +100,852
40 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 61,60761.6k $613.0k $613.0k 0.00% New
41 READYSTATE ASSET MANAGEMENT LP 0.02% of their portfolio CHICAGO, IL 50,00050.0k $497.5k $497.5k 0.02% New
42 DLD Asset Management, LP 0.04% of their portfolio NEW YORK, NY 40,00040.0k $398.0k $398.0k 0.04% New
43 ABC ARBITRAGE SA 0.04% of their portfolio PARIS, I0 40,00040.0k $398.0k $398.0k 0.04% New
44 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 25,00025.0k $248.8k $248.8k 0.01% New
45 Warberg Asset Management LLC 0.05% of their portfolio WINNETKA, IL 15,82815.8k $157.5k $157.5k 0.05% Unchanged
46 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 13,47913.5k $134.1k $134.1k 0.00% New
47 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 2,9002.9k $28.9k $28.9k 0.00% New
48 UBS Group AG 0.00% of their portfolio ZURICH, V8 985985 $9.8k $9.8k 0.00% New
49 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6363 $627 $627 0.00% New