FLAG SHIP ACQUISITION CORP FSHP
ORD SHS · Common Stock · CUSIP G3530C109
- SectorBlank check (SPAC)
- IndustryBlank Checks
- HeadquartersNew York, NY
- FilingsSEC EDGAR
* 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. Shares outstanding: 5.0m as of 2026-06-05, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $10.99.
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2024 | 21 |
| Q4 2024 | 24 |
| Q1 2025 | 22 |
| Q2 2025 | 22 |
| Q3 2025 | 13 |
| Q4 2025 | 14 |
| Q1 2026 | 17 |
| Q2 2026 | 14 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2024 | 9 | 7 |
| Q1 2025 | 7 | 8 |
| Q2 2025 | 6 | 3 |
| Q3 2025 | 3 | 19 |
| Q4 2025 | 2 | 5 |
| Q1 2026 | 6 | 5 |
| Q2 2026 | 4 | 10 |
Biggest buyers
| MIZUHO SECURITIES USA LLC | Added | +400.0k |
| BERKLEY W R CORP | Added | +15.1k |
| AQR Arbitrage LLC | Added | +605 |
| UBS Group AG | New | +30 |
Biggest sellers
| Karpus Management, Inc. | Sold out | -727.8k |
| WOLVERINE ASSET MANAGEMENT LLC | Sold out | -136.2k |
| RLH Capital LLC | Reduced | -88.9k |
| Quarry LP | Reduced | -50.0k |
| TORONTO DOMINION BANK | Sold out | -33.5k |
| Polar Asset Management Partners Inc. | Reduced | -25.0k |
| JANE STREET GROUP, LLC | Sold out | -10.1k |
| HEIGHTS CAPITAL MANAGEMENT, INC | Reduced | -5.9k |
| Clear Street Group Inc. | Reduced | -491 |
| MORGAN STANLEY | Reduced | -4 |
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.
| Holder | Stake |
|---|---|
| MIZUHO FINANCIAL GROUP INC 13G · institution +0.7 pts · filed 2025-08-13 | 8.1% |
| CVI Investments, Inc. 13G · exempt (held before listing) new · filed 2026-05-19 | 6.1% |
Fell to 5% or below in the last year: BERKLEY W R CORP (0.0%, 2026-08-06), Karpus Management, Inc. (0.1%, 2026-06-05), First Trust Capital Management L.P. (0.0%, 2025-11-14)
Insider purchases and sales since 1 Apr 2026
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.
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-17 | MIZUHO SECURITIES USA LLC 10% owner | Sold | —85.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| MIZUHO SECURITIES USA LLC 0.09% of their portfolio | 850.5k $9.2m | Added +400.0k |
| BERKLEY W R CORP 0.24% of their portfolio | 449.5k $5.0m | Added +15.1k |
| HEIGHTS CAPITAL MANAGEMENT, INC 0.76% of their portfolio | 296.4k $3.3m | Reduced -5.9k |
| RLH Capital LLC 0.85% of their portfolio | 160.0k $1.8m | Reduced -88.9k |
| Polar Asset Management Partners Inc. 0.03% of their portfolio | 125.0k $1.4m | Reduced -25.0k |
| AQR Arbitrage LLC 0.02% of their portfolio | 120.9k $1.3m | Added +605 |
| Crossingbridge Advisors, LLC 0.18% of their portfolio | 93.6k $1.0m | Unchanged |
| Quarry LP 0.14% of their portfolio | 80.0k $887.2k | Reduced -50.0k |
| Clear Street Group Inc. 0.00% of their portfolio | 58.1k $651.6k | Reduced -491 |
| Westchester Capital Management, LLC 0.03% of their portfolio | 52.7k $580.2k | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 38.4k $424.3k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 4.4k $48.9k | Unchanged |
| MORGAN STANLEY 0.00% of their portfolio | 57 $629 | Reduced -4 |
| UBS Group AG 0.00% of their portfolio | 30 $331 | New |