Vault-13

ANDRETTI ACQUISITION CORP II POLE

ORD SHS CL A · Common Stock · CUSIP G26745102

50 institutional holders +4 vs Q3 2025
22,538,75622.5m shares reported held*
$237.2mreported value*
9 new 8 added 12 reduced 7 sold out net sold ≈ $1.1m (-103.9k 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 ≈ $10.52.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 24: 1Q4 24: 36Q1 25: 42Q2 25: 48Q3 25: 46Q4 25: 5050Q3 24Q4 24Q1 25Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q3 20241
Q4 202436
Q1 202542
Q2 202548
Q3 202546
Q4 202550

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 25Q4 25: 17 bought or addedQ4 25: 19 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q4 2024330
Q1 20252211
Q2 20251710
Q3 2025515
Q4 20251719

Calls vs puts

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

CallsPuts
$0$1k$2k$3kQ1 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 0.00Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$2.2k$00.00
Q4 2025$0$0—

Biggest buyers

Linden Advisors LP Added +700,000+700.0k
CANTOR FITZGERALD, L. P. New +541,868+541.9k
MIZUHO SECURITIES USA LLC Added +256,745+256.7k
ARISTEIA CAPITAL, L.L.C. New +248,959+249.0k
TORONTO DOMINION BANK Added +224,442+224.4k
Clear Street Group Inc. Added +167,568+167.6k
Fort Baker Capital Management LP New +50,254+50.3k
JPMORGAN CHASE & CO New +49,873+49.9k
Shaolin Capital Management LLC New +49,019+49.0k
GEODE CAPITAL MANAGEMENT, LLC New +19,676+19.7k

Biggest sellers

First Trust Capital Management L.P. Reduced -540,000-540.0k
Governors Lane LP Sold out -500,000-500.0k
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Sold out -300,000-300.0k
Bulldog Investors, LLP Sold out -260,734-260.7k
GRITSTONE ASSET MANAGEMENT LLC Sold out -238,790-238.8k
LMR Partners LLP Reduced -200,000-200.0k
PICTON MAHONEY ASSET MANAGEMENT Reduced -200,000-200.0k
Westchester Capital Management, LLC Reduced -50,500-50.5k
WOLVERINE ASSET MANAGEMENT LLC Reduced -45,321-45.3k
Periscope Capital Inc. Reduced -38,990-39.0k

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
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 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.

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Alberta Investment Management Corp 0.12% of their portfolio EDMONTON, A0 1,980,0002.0m $20.9m $20.9m 0.12% Unchanged
2 AQR Arbitrage LLC 0.31% of their portfolio Greenwich, CT 1,400,9331.4m $14.8m $14.8m 0.31% Unchanged
3 Magnetar Financial LLC 0.14% of their portfolio EVANSTON, IL 1,400,0001.4m $14.8m $14.8m 0.14% Unchanged
4 LMR Partners LLP 0.14% of their portfolio LONDON, X0 1,350,0001.4m $14.2m $14.2m 0.14% Reduced -200.0k -200,000
5 Polar Asset Management Partners Inc. 0.26% of their portfolio TORONTO, A6 1,250,0001.2m $13.1m $13.1m 0.26% Unchanged
6 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 1,138,5001.1m $12.0m $12.0m 0.01% Unchanged
7 Westchester Capital Management, LLC 0.55% of their portfolio VALHALLA, NY 1,111,4161.1m $11.7m $11.7m 0.55% Reduced -50.5k -50,500
8 WOLVERINE ASSET MANAGEMENT LLC 0.16% of their portfolio CHICAGO, IL 1,042,2581.0m $11.0m $11.0m 0.16% Reduced -45.3k -45,321
9 Linden Advisors LP 0.06% of their portfolio New York, NY 1,000,0001.0m $10.5m $10.5m 0.06% Added +700.0k +700,000
10 PICTON MAHONEY ASSET MANAGEMENT 0.10% of their portfolio Toronto, A6 900,000900.0k $9.5m $9.5m 0.10% Reduced -200.0k -200,000
11 Calamos Advisors LLC 0.04% of their portfolio NAPERVILLE, IL 825,000825.0k $8.7m $8.7m 0.04% Unchanged
12 TENOR CAPITAL MANAGEMENT Co., L.P. 0.11% of their portfolio NEW YORK, NY 750,000750.0k $7.9m $7.9m 0.11% Unchanged
13 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 673,298673.3k $7.1m $7.1m 0.00% Unchanged
14 First Trust Capital Management L.P. 0.38% of their portfolio CHICAGO, IL 590,809590.8k $6.2m $6.2m 0.38% Reduced -540.0k -540,000
15 MMCAP International Inc. SPC 0.61% of their portfolio GRAND CAYMAN, E9 580,000580.0k $6.1m $6.1m 0.61% Unchanged
16 CANTOR FITZGERALD, L. P. 0.17% of their portfolio NEW YORK, NY 541,868541.9k $5.7m $5.7m 0.17% New
17 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.26% of their portfolio WEST PALM BEACH, FL 525,332525.3k $5.5m $5.5m 0.26% Unchanged
18 MIZUHO SECURITIES USA LLC 0.09% of their portfolio NEW YORK, NY 506,798506.8k $5.3m $5.3m 0.09% Added +256.7k +256,745
19 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 500,000500.0k $5.3m $5.3m 0.01% Unchanged
20 Radcliffe Capital Management, L.P. 0.27% of their portfolio BALA CYNWYD, PA 478,664478.7k $5.0m $5.0m 0.27% Added +1.7k +1,663
21 BERKLEY W R CORP 0.25% of their portfolio Greenwich, CT 421,812421.8k $4.4m $4.4m 0.25% Unchanged
22 Wealthspring Capital LLC 0.93% of their portfolio WEST HARRISON, NY 373,060373.1k $3.9m $3.9m 0.93% Reduced -2.1k -2,140
23 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 354,442354.4k $3.7m $3.7m 0.01% Added +224.4k +224,442
24 GLAZER CAPITAL, LLC 0.07% of their portfolio New York, NY 263,547263.5k $2.8m $2.8m 0.07% Added +8.4k +8,403
25 Periscope Capital Inc. 0.51% of their portfolio Toronto, A6 250,000250.0k $2.6m $2.6m 0.51% Reduced -39.0k -38,990
26 ARISTEIA CAPITAL, L.L.C. 0.07% of their portfolio GREENWICH, CT 248,959249.0k $2.6m $2.6m 0.07% New
27 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 245,630245.6k $2.6m $2.6m 0.01% Reduced -11.5k -11,513
28 Jain Global LLC 0.02% of their portfolio NEW YORK, NY 241,622241.6k $2.5m $2.5m 0.02% Added +15.8k +15,797
29 Karpus Management, Inc. 0.08% of their portfolio Pittsford, NY 238,950238.9k $2.5m $2.5m 0.08% Reduced -5.0k -5,000
30 WHITEBOX ADVISORS LLC 0.04% of their portfolio MINNEAPOLIS, MN 200,000200.0k $2.1m $2.1m 0.04% Unchanged
31 MOORE CAPITAL MANAGEMENT, LP 0.04% of their portfolio NEW YORK, NY 200,000200.0k $2.1m $2.1m 0.04% Unchanged
32 Clear Street Group Inc. 0.01% of their portfolio NEW YORK, NY 181,772181.8k $1.9m $1.9m 0.01% Added +167.6k +167,568
33 Hudson Bay Capital Management LP 0.01% of their portfolio STAMFORD, CT 180,087180.1k $1.9m $1.9m 0.01% Reduced -4.9k -4,913
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 L1 Global Manager Pty Ltd 0.69% of their portfolio Melbourne, C3 100,000100.0k $1.1m $1.1m 0.69% First filing
36 Fort Baker Capital Management LP 0.06% of their portfolio Larkspur, CA 50,25450.3k $528.2k $528.2k 0.06% New
37 Kepos Capital LP 2.99% of their portfolio NEW YORK, NY 50,00050.0k $526.0k $526.0k 2.99% Unchanged
38 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 49,87349.9k $525.7k $525.7k 0.00% New
39 Shaolin Capital Management LLC 0.02% of their portfolio Miami, FL 49,01949.0k $515.2k $515.2k 0.02% New
40 Lineage Point Capital LP 0.11% of their portfolio PALM BEACH, FL 28,45328.5k $299.0k $299.0k 0.11% First filing
41 HEIGHTS CAPITAL MANAGEMENT, INC 0.11% of their portfolio SAN FRANCISCO, CA 26,60026.6k $280.4k $280.4k 0.11% Unchanged
42 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 20,84820.8k $219.1k $219.1k 0.00% Reduced -4.2k -4,152
43 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 19,67619.7k $207.4k $207.4k 0.00% New
44 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 16,91516.9k $178.3k $178.3k 0.00% New
45 ROBINSON CAPITAL MANAGEMENT, LLC 0.05% of their portfolio GROSSE POINTE FARMS, MI 12,25012.2k $129.1k $129.1k 0.05% Unchanged
46 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 10,79010.8k $113.0k $113.0k 0.00% New
47 UBS Group AG 0.00% of their portfolio ZURICH, V8 5,2275.2k $54.9k $54.9k 0.00% Reduced -5.1k -5,058
48 FNY Investment Advisers, LLC 0.01% of their portfolio NEW YORK, NY 3,9003.9k $41.0k $41.0k 0.01% New
49 CREATIVE FINANCIAL DESIGNS INC /ADV 0.00% of their portfolio KOKOMO, IN 100100 $1.1k $1.1k 0.00% Unchanged
50 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 9494 $988 $988 0.00% Added +15 +15