Vault-13

ANDRETTI ACQUISITION CORP II POLE

ORD SHS CL A · Common Stock · CUSIP G26745102

46 institutional holders -2 vs Q2 2025
22,514,15522.5m shares reported held*
$235.6mreported value*
0 new 5 added 14 reduced 1 sold out net sold ≈ $347.3k (-33.2k 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 ≈ $10.46. Options: 1 managers hold calls ($2.2k notional), 0 hold puts (—).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 24: 1Q4 24: 36Q1 25: 42Q2 25: 48Q3 25: 4646Q3 24Q4 24Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q3 20241
Q4 202436
Q1 202542
Q2 202548
Q3 202546

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 25Q3 25: 5 bought or addedQ3 25: 15 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2024330
Q1 20252211
Q2 20251710
Q3 2025515

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1k$2k$3kQ4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $2.2kQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$2.2k$00.00

Biggest buyers

Radcliffe Capital Management, L.P. Added +247,159+247.2k
Periscope Capital Inc. Added +227,790+227.8k
Jain Global LLC Added +166,719+166.7k
WOLVERINE ASSET MANAGEMENT LLC Added +29,401+29.4k
MORGAN STANLEY Added +15+15

Biggest sellers

Sculptor Capital LP Sold out -296,200-296.2k
LMR Partners LLP Reduced -150,000-150.0k
Schonfeld Strategic Advisors LLC Reduced -149,999-150.0k
Karpus Management, Inc. Reduced -31,900-31.9k
MIZUHO SECURITIES USA LLC Reduced -15,824-15.8k
Quarry LP Reduced -15,000-15.0k
Sandia Investment Management LP Reduced -15,000-15.0k
Verition Fund Management LLC Reduced -11,312-11.3k
Bulldog Investors, LLP Reduced -6,037-6.0k
TORONTO DOMINION BANK Reduced -5,545-5.5k

Biggest calls

DLD Asset Management, LP New $2.2k11.1k shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

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 Q3 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 Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Alberta Investment Management Corp 0.15% of their portfolio EDMONTON, A0 1,980,0002.0m $20.7m $20.7m 0.15% Unchanged
2 LMR Partners LLP 0.21% of their portfolio LONDON, X0 1,550,0001.6m $16.2m $16.2m 0.21% Reduced -150.0k -150,000
3 AQR Arbitrage LLC 0.37% of their portfolio Greenwich, CT 1,400,9331.4m $14.7m $14.7m 0.37% Reduced -2.0k -2,000
4 Magnetar Financial LLC 0.09% of their portfolio EVANSTON, IL 1,400,0001.4m $14.7m $14.7m 0.09% Unchanged
5 Polar Asset Management Partners Inc. 0.27% of their portfolio TORONTO, A6 1,250,0001.2m $13.1m $13.1m 0.27% Unchanged
6 Westchester Capital Management, LLC 0.63% of their portfolio VALHALLA, NY 1,161,9161.2m $12.2m $12.2m 0.63% Unchanged
7 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 1,138,5001.1m $11.9m $11.9m 0.01% Unchanged
8 First Trust Capital Management L.P. 0.76% of their portfolio CHICAGO, IL 1,130,8091.1m $11.8m $11.8m 0.76% Unchanged
9 PICTON MAHONEY ASSET MANAGEMENT 0.15% of their portfolio Toronto, A6 1,100,0001.1m $11.5m $11.5m 0.15% Unchanged
10 WOLVERINE ASSET MANAGEMENT LLC 0.17% of their portfolio CHICAGO, IL 1,087,5791.1m $11.4m $11.4m 0.17% Added +29.4k +29,401
11 Calamos Advisors LLC 0.03% of their portfolio NAPERVILLE, IL 825,000825.0k $8.6m $8.6m 0.03% 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% Unchanged
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 0.71% of their portfolio GRAND CAYMAN, E9 580,000580.0k $6.1m $6.1m 0.71% Unchanged
15 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.31% of their portfolio WEST PALM BEACH, FL 525,332525.3k $5.5m $5.5m 0.31% 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 0.72% of their portfolio NEW YORK, NY 500,000500.0k $5.2m $5.2m 0.72% Unchanged
18 Radcliffe Capital Management, L.P. 0.31% of their portfolio BALA CYNWYD, PA 477,001477.0k $5.0m $5.0m 0.31% Added +247.2k +247,159
19 BERKLEY W R CORP 0.28% of their portfolio Greenwich, CT 421,812421.8k $4.4m $4.4m 0.28% Unchanged
20 Wealthspring Capital LLC 0.93% of their portfolio WEST HARRISON, NY 375,200375.2k $3.9m $3.9m 0.93% Reduced -2.4k -2,430
21 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
22 Linden Advisors LP 0.02% of their portfolio New York, NY 300,000300.0k $3.1m $3.1m 0.02% Unchanged
23 Periscope Capital Inc. 0.74% of their portfolio Toronto, A6 288,990289.0k $3.0m $3.0m 0.74% Added +227.8k +227,790
24 Bulldog Investors, LLP 0.63% of their portfolio SADDLE BROOK, NJ 260,734260.7k $2.7m $2.7m 0.63% Reduced -6.0k -6,037
25 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 257,143257.1k $2.7m $2.7m 0.02% Reduced -11.3k -11,312
26 GLAZER CAPITAL, LLC 0.09% of their portfolio New York, NY 255,144255.1k $2.7m $2.7m 0.09% Unchanged
27 MIZUHO SECURITIES USA LLC 0.05% of their portfolio NEW YORK, NY 250,053250.1k $2.6m $2.6m 0.05% Reduced -15.8k -15,824
28 Karpus Management, Inc. 0.08% of their portfolio Pittsford, NY 243,950243.9k $2.6m $2.6m 0.08% Reduced -31.9k -31,900
29 GRITSTONE ASSET MANAGEMENT LLC 2.57% of their portfolio Bethesda, MD 238,790238.8k $2.5m $2.5m 2.57% Reduced -2.9k -2,901
30 Jain Global LLC 0.03% of their portfolio NEW YORK, NY 225,825225.8k $2.4m $2.4m 0.03% Added +166.7k +166,719
31 WHITEBOX ADVISORS LLC 0.04% of their portfolio MINNEAPOLIS, MN 200,000200.0k $2.1m $2.1m 0.04% Unchanged
32 MOORE CAPITAL MANAGEMENT, LP 0.04% of their portfolio NEW YORK, NY 200,000200.0k $2.1m $2.1m 0.04% Unchanged
33 Hudson Bay Capital Management LP 0.01% of their portfolio STAMFORD, CT 185,000185.0k $1.9m $1.9m 0.01% Unchanged
34 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.05% of their portfolio CHICAGO, IL 150,000150.0k $1.6m $1.6m 0.05% Unchanged
35 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 130,000130.0k $1.4m $1.4m 0.00% Reduced -5.5k -5,545
36 Kepos Capital LP 2.78% of their portfolio NEW YORK, NY 50,00050.0k $523.0k $523.0k 2.78% Unchanged
37 HEIGHTS CAPITAL MANAGEMENT, INC 0.09% of their portfolio SAN FRANCISCO, CA 26,60026.6k $278.5k $278.5k 0.09% Unchanged
38 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 25,00025.0k $261.5k $261.5k 0.00% Reduced -150.0k -149,999
39 Sandia Investment Management LP 0.78% of their portfolio BOSTON, MA 25,00025.0k $261.5k $261.5k 0.78% Reduced -15.0k -15,000
40 Quarry LP 0.06% of their portfolio NEW YORK, NY 25,00025.0k $261.5k $261.5k 0.06% Reduced -15.0k -15,000
41 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 14,20414.2k $148.6k $148.6k 0.00% First filing
42 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 12,62812.6k $132.2k $132.2k 0.00% Reduced -38 -38
43 ROBINSON CAPITAL MANAGEMENT, LLC 0.09% of their portfolio GROSSE POINTE FARMS, MI 12,25012.2k $128.3k $128.3k 0.09% Unchanged
44 UBS Group AG 0.00% of their portfolio ZURICH, V8 10,28510.3k $107.6k $107.6k 0.00% Reduced -100 -100
45 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 100100 $1.0k $1.0k 0.00% Unchanged
46 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7979 $826 $826 0.00% Added +15 +15