Vault-13

ANDRETTI ACQUISITION CORP II POLE

ORD SHS CL A · Common Stock · CUSIP G26745102

48 institutional holders +6 vs Q1 2025
22,547,35722.5m shares reported held*
$234.0mreported value*
10 new 7 added 7 reduced 3 sold out net bought ≈ $33.4m (+3.2m 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 ≈ $10.38.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 24: 1Q4 24: 36Q1 25: 42Q2 25: 4848Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q3 20241
Q4 202436
Q1 202542
Q2 202548

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 25Q2 25: 17 bought or addedQ2 25: 10 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q4 2024330
Q1 20252211
Q2 20251710

Biggest buyers

Alberta Investment Management Corp New +1,980,000+2.0m
Magnetar Financial LLC New +1,400,000+1.4m
TENOR CAPITAL MANAGEMENT Co., L.P. New +750,000+750.0k
Governors Lane LP New +500,000+500.0k
WOLVERINE ASSET MANAGEMENT LLC Added +400,079+400.1k
Wealthspring Capital LLC Added +363,680+363.7k
Radcliffe Capital Management, L.P. New +229,842+229.8k
WHITEBOX ADVISORS LLC New +200,000+200.0k
Jain Global LLC New +59,106+59.1k
Quarry LP New +40,000+40.0k

Biggest sellers

Meteora Capital, LLC Sold out -1,000,004-1.0m
Centiva Capital, LP Sold out -581,013-581.0k
TORONTO DOMINION BANK Reduced -506,875-506.9k
Polar Asset Management Partners Inc. Reduced -500,000-500.0k
Verition Fund Management LLC Reduced -106,292-106.3k
Karpus Management, Inc. Reduced -51,000-51.0k
Bulldog Investors, LLP Reduced -31,728-31.7k
Virtu Financial LLC Sold out -10,368-10.4k
AQR Arbitrage LLC Reduced -3,000-3.0k
Sculptor Capital LP Reduced -1,694-1.7k

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 Q2 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 Q2 2025.

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Alberta Investment Management Corp 0.16% of their portfolio EDMONTON, A0 1,980,0002.0m $20.6m $20.6m 0.16% New
2 LMR Partners LLP 0.27% of their portfolio LONDON, X0 1,700,0001.7m $17.6m $17.6m 0.27% Unchanged
3 AQR Arbitrage LLC 0.34% of their portfolio Greenwich, CT 1,402,9331.4m $14.6m $14.6m 0.34% Reduced -3.0k -3,000
4 Magnetar Financial LLC 0.07% of their portfolio EVANSTON, IL 1,400,0001.4m $14.5m $14.5m 0.07% New
5 Polar Asset Management Partners Inc. 0.32% of their portfolio TORONTO, A6 1,250,0001.2m $13.0m $13.0m 0.32% Reduced -500.0k -500,000
6 Westchester Capital Management, LLC 0.71% of their portfolio VALHALLA, NY 1,161,9161.2m $12.1m $12.1m 0.71% Unchanged
7 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 1,138,5001.1m $11.8m $11.8m 0.01% Unchanged
8 First Trust Capital Management L.P. 0.79% of their portfolio CHICAGO, IL 1,130,8091.1m $11.7m $11.7m 0.79% Unchanged
9 PICTON MAHONEY ASSET MANAGEMENT 0.16% of their portfolio Toronto, A6 1,100,0001.1m $11.4m $11.4m 0.16% Unchanged
10 WOLVERINE ASSET MANAGEMENT LLC 0.18% of their portfolio CHICAGO, IL 1,058,1781.1m $11.0m $11.0m 0.18% Added +400.1k +400,079
11 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 825,000825.0k $8.6m $8.6m 0.04% Unchanged
12 TENOR CAPITAL MANAGEMENT Co., L.P. 0.10% of their portfolio NEW YORK, NY 750,000750.0k $7.8m $7.8m 0.10% New
13 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 673,298673.3k $7.0m $7.0m 0.00% Unchanged
14 MMCAP International Inc. SPC 0.72% of their portfolio GRAND CAYMAN, E9 580,000580.0k $6.0m $6.0m 0.72% Unchanged
15 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.30% of their portfolio WEST PALM BEACH, FL 525,332525.3k $5.5m $5.5m 0.30% Unchanged
16 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 500,000500.0k $5.2m $5.2m 0.01% Unchanged
17 Governors Lane LP 0.71% of their portfolio NEW YORK, NY 500,000500.0k $5.2m $5.2m 0.71% New
18 BERKLEY W R CORP 0.27% of their portfolio Greenwich, CT 421,812421.8k $4.4m $4.4m 0.27% Unchanged
19 Wealthspring Capital LLC 1.04% of their portfolio WEST HARRISON, NY 377,630377.6k $3.9m $3.9m 1.04% Added +363.7k +363,680
20 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio HARRISBURG, PA 300,000300.0k $3.1m $3.1m 0.02% Unchanged
21 Linden Advisors LP 0.02% of their portfolio New York, NY 300,000300.0k $3.1m $3.1m 0.02% Unchanged
22 Sculptor Capital LP 0.05% of their portfolio New York, NY 296,200296.2k $3.1m $3.1m 0.05% Reduced -1.7k -1,694
23 Karpus Management, Inc. 0.09% of their portfolio Pittsford, NY 275,850275.9k $2.9m $2.9m 0.09% Reduced -51.0k -51,000
24 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 268,455268.5k $2.8m $2.8m 0.02% Reduced -106.3k -106,292
25 Bulldog Investors, LLP 0.70% of their portfolio SADDLE BROOK, NJ 266,771266.8k $2.8m $2.8m 0.70% Reduced -31.7k -31,728
26 MIZUHO SECURITIES USA LLC 0.06% of their portfolio NEW YORK, NY 265,877265.9k $2.7m $2.7m 0.06% First filing
27 GLAZER CAPITAL, LLC 0.09% of their portfolio New York, NY 255,144255.1k $2.6m $2.6m 0.09% Unchanged
28 GRITSTONE ASSET MANAGEMENT LLC 2.48% of their portfolio Bethesda, MD 241,691241.7k $2.5m $2.5m 2.48% Unchanged
29 Radcliffe Capital Management, L.P. 0.18% of their portfolio BALA CYNWYD, PA 229,842229.8k $2.4m $2.4m 0.18% New
30 WHITEBOX ADVISORS LLC 0.06% of their portfolio MINNEAPOLIS, MN 200,000200.0k $2.1m $2.1m 0.06% New
31 MOORE CAPITAL MANAGEMENT, LP 0.04% of their portfolio NEW YORK, NY 200,000200.0k $2.1m $2.1m 0.04% Unchanged
32 Hudson Bay Capital Management LP 0.01% of their portfolio STAMFORD, CT 185,000185.0k $1.9m $1.9m 0.01% Unchanged
33 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 174,999175.0k $1.8m $1.8m 0.01% Added +25.0k +24,999
34 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.04% of their portfolio CHICAGO, IL 150,000150.0k $1.6m $1.6m 0.04% Unchanged
35 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 135,545135.5k $1.4m $1.4m 0.00% Reduced -506.9k -506,875
36 Periscope Capital Inc. 0.24% of their portfolio Toronto, A6 61,20061.2k $635.3k $635.3k 0.24% Unchanged
37 Jain Global LLC 0.01% of their portfolio NEW YORK, NY 59,10659.1k $613.5k $613.5k 0.01% New
38 Kepos Capital LP 0.70% of their portfolio NEW YORK, NY 50,00050.0k $519.0k $519.0k 0.70% Unchanged
39 Sandia Investment Management LP 1.07% of their portfolio BOSTON, MA 40,00040.0k $415.2k $415.2k 1.07% New
40 Quarry LP 0.10% of their portfolio NEW YORK, NY 40,00040.0k $415.2k $415.2k 0.10% New
41 HEIGHTS CAPITAL MANAGEMENT, INC 0.09% of their portfolio SAN FRANCISCO, CA 26,60026.6k $276.1k $276.1k 0.09% Unchanged
42 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 14,20414.2k $147.4k $147.4k 0.00% Added +14.2k +14,181
43 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 12,66612.7k $131.5k $131.5k 0.00% Added +1.1k +1,063
44 ROBINSON CAPITAL MANAGEMENT, LLC 0.05% of their portfolio GROSSE POINTE FARMS, MI 12,25012.2k $127.2k $127.2k 0.05% Unchanged
45 UBS Group AG 0.00% of their portfolio ZURICH, V8 10,38510.4k $107.8k $107.8k 0.00% Added +4.4k +4,396
46 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 100100 $1.0k $1.0k 0.00% New
47 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6464 $664 $664 0.00% Added +20 +20
48 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged