Vault-13

ANDRETTI ACQUISITION CORP II POLE

ORD SHS CL A · Common Stock · CUSIP G26745102

42 institutional holders +6 vs Q4 2024
19,666,58819.7m shares reported held*
$199.4mreported value*
11 new 11 added 6 reduced 5 sold out net bought ≈ $43.4m (+4.3m 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 ($141.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.14.

Trends to Q1 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 24: 1Q4 24: 36Q1 25: 4242Q3 24Q4 24Q1 25
Numbers
QuarterHolders
Q3 20241
Q4 202436
Q1 202542

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 24: 33 bought or addedQ4 24: 0 cut or sold outQ4 24Q1 25: 22 bought or addedQ1 25: 11 cut or sold outQ1 25
Numbers
QuarterBought or addedCut or sold out
Q4 2024330
Q1 20252211

Biggest buyers

Meteora Capital, LLC New +1,000,004+1.0m
Calamos Advisors LLC New +825,000+825.0k
MMCAP International Inc. SPC New +580,000+580.0k
WOLVERINE ASSET MANAGEMENT LLC Added +461,607+461.6k
Westchester Capital Management, LLC Added +450,000+450.0k
Linden Advisors LP New +300,000+300.0k
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS New +300,000+300.0k
MIZUHO SECURITIES USA LLC New +250,000+250.0k
MOORE CAPITAL MANAGEMENT, LP New +200,000+200.0k
GRITSTONE ASSET MANAGEMENT LLC Added +196,051+196.1k

Biggest sellers

Verition Fund Management LLC Reduced -203,143-203.1k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Sold out -150,000-150.0k
Shaolin Capital Management LLC Sold out -145,000-145.0k
AQR Arbitrage LLC Reduced -115,000-115.0k
LEVIN CAPITAL STRATEGIES, L.P. Sold out -42,500-42.5k
Virtu Financial LLC Reduced -26,123-26.1k
FIR TREE CAPITAL MANAGEMENT LP Sold out -25,000-25.0k
Tidal Investments LLC Sold out -12,842-12.8k
Schechter Investment Advisors, LLC Reduced -11,150-11.2k
CLEAR STREET LLC Reduced -4,432-4.4k

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
Linden Capital L.P. 13G · passive investor new · filed 2026-09-14 7.3% new 1.0m≈ $10.8m 2026-09-14
BARCLAYS PLC 13G · institution +2.0 pts · filed 2026-05-14 7.0% +2.0 pts 1.7m≈ $17.9m 2026-05-14
AQR CAPITAL MANAGEMENT LLC 13G · institution filed 2025-02-13 6.4% 1.5m≈ $16.4m 2025-02-13
LMR Partners LLP 13G · institution filed 2026-02-17 5.7% 1.4m≈ $14.5m 2026-02-17

Fell to 5% or below in the last year: WOLVERINE ASSET MANAGEMENT LLC (0.1%, 2026-10-05), GOLDMAN SACHS GROUP INC (4.8%, 2026-05-07), BANK OF MONTREAL /CAN/ (0.0%, 2026-02-12)

Insider purchases and sales in Q1 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.

None reported in Q1 2025.

Holders, Q1 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Polar Asset Management Partners Inc. 0.59% of their portfolio TORONTO, A6 1,750,0001.8m $17.7m $17.7m 0.59% Unchanged
2 LMR Partners LLP 0.35% of their portfolio LONDON, X0 1,700,0001.7m $17.2m $17.2m 0.35% Unchanged
3 AQR Arbitrage LLC 0.35% of their portfolio Greenwich, CT 1,405,9331.4m $14.3m $14.3m 0.35% Reduced -115.0k -115,000
4 Westchester Capital Management, LLC 0.68% of their portfolio VALHALLA, NY 1,161,9161.2m $11.8m $11.8m 0.68% Added +450.0k +450,000
5 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 1,138,5001.1m $11.6m $11.6m 0.01% Added +148.5k +148,500
6 First Trust Capital Management L.P. 0.83% of their portfolio CHICAGO, IL 1,130,8091.1m $11.5m $11.5m 0.83% Unchanged
7 PICTON MAHONEY ASSET MANAGEMENT 0.38% of their portfolio Toronto, A6 1,100,0001.1m $11.1m $11.1m 0.38% Unchanged
8 Meteora Capital, LLC 3.59% of their portfolio Boca Raton, FL 1,000,0041.0m $10.1m $10.1m 3.59% New
9 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 825,000825.0k $8.4m $8.4m 0.04% New
10 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 673,298673.3k $6.8m $6.8m 0.00% Unchanged
11 WOLVERINE ASSET MANAGEMENT LLC 0.13% of their portfolio CHICAGO, IL 658,099658.1k $6.7m $6.7m 0.13% Added +461.6k +461,607
12 TORONTO DOMINION BANK 0.02% of their portfolio TORONTO, ONTARIO, A6 642,420642.4k $6.5m $6.5m 0.02% Added +39.8k +39,799
13 Centiva Capital, LP 0.34% of their portfolio New York, NY 581,013581.0k $5.9m $5.9m 0.34% Added +53 +53
14 MMCAP International Inc. SPC 1.00% of their portfolio GRAND CAYMAN, E9 580,000580.0k $5.9m $5.9m 1.00% New
15 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.28% of their portfolio WEST PALM BEACH, FL 525,332525.3k $5.3m $5.3m 0.28% Added +17.0k +17,000
16 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 500,000500.0k $5.1m $5.1m 0.01% Unchanged
17 BERKLEY W R CORP 0.31% of their portfolio Greenwich, CT 421,812421.8k $4.3m $4.3m 0.31% Unchanged
18 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 374,747374.7k $3.8m $3.8m 0.02% Reduced -203.1k -203,143
19 Schechter Investment Advisors, LLC 0.30% of their portfolio BIRMINGHAM, MI 364,550364.6k $3.7m $3.7m 0.30% Reduced -11.2k -11,150
20 Karpus Management, Inc. 0.11% of their portfolio Pittsford, NY 326,850326.9k $3.3m $3.3m 0.11% Added +24.5k +24,500
21 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
22 Linden Advisors LP 0.02% of their portfolio New York, NY 300,000300.0k $3.0m $3.0m 0.02% New
23 Bulldog Investors, LLP 0.82% of their portfolio SADDLE BROOK, NJ 298,499298.5k $3.0m $3.0m 0.82% Added +136.0k +136,038
24 Sculptor Capital LP 0.07% of their portfolio New York, NY 297,894297.9k $3.0m $3.0m 0.07% Unchanged
25 GLAZER CAPITAL, LLC 0.12% of their portfolio New York, NY 255,144255.1k $2.6m $2.6m 0.12% Added +5.1k +5,142
26 MIZUHO SECURITIES USA LLC 0.05% of their portfolio NEW YORK, NY 250,000250.0k $2.5m $2.5m 0.05% New
27 GRITSTONE ASSET MANAGEMENT LLC 2.57% of their portfolio Bethesda, MD 241,691241.7k $2.4m $2.4m 2.57% Added +196.1k +196,051
28 MOORE CAPITAL MANAGEMENT, LP 0.07% of their portfolio NEW YORK, NY 200,000200.0k $2.0m $2.0m 0.07% New
29 Hudson Bay Capital Management LP 0.01% of their portfolio STAMFORD, CT 185,000185.0k $1.9m $1.9m 0.01% Unchanged
30 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.04% of their portfolio CHICAGO, IL 150,000150.0k $1.5m $1.5m 0.04% Unchanged
31 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 150,000150.0k $1.5m $1.5m 0.01% Unchanged
32 Periscope Capital Inc. 0.35% of their portfolio Toronto, A6 61,20061.2k $620.3k $620.3k 0.35% New
33 Kepos Capital LP 0.42% of their portfolio NEW YORK, NY 50,00050.0k $507.0k $507.0k 0.42% Unchanged
34 HEIGHTS CAPITAL MANAGEMENT, INC 0.13% of their portfolio SAN FRANCISCO, CA 26,60026.6k $270.0k $270.0k 0.13% Unchanged
35 Wealthspring Capital LLC 0.22% of their portfolio WEST HARRISON, NY 13,95013.9k $141.3k $141.3k 0.22% Reduced -1.5k -1,500
36 ROBINSON CAPITAL MANAGEMENT, LLC 0.05% of their portfolio GROSSE POINTE FARMS, MI 12,25012.2k $124.3k $124.3k 0.05% New
37 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 11,60311.6k $117.8k $117.8k 0.00% New
38 Virtu Financial LLC 0.01% of their portfolio New York, NY 10,36810.4k $105.0k $105.0k 0.01% Reduced -26.1k -26,123
39 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,9896.0k $60.7k $60.7k 0.00% Added +4.0k +3,994
40 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4444 $446 $446 0.00% New
41 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 2323 $233 $233 0.00% Reduced -4.4k -4,432
42 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged