Vault-13

GRAF GLOBAL CORP TONT

ORD SHS CL A · Common Stock · CUSIP G4036C106

45 institutional holders +5 vs Q1 2025
22,414,52822.4m shares reported held*
$234.5mreported value*
6 new 7 added 9 reduced 1 sold out net bought ≈ $35.8m (+3.4m 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.

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 24: 31Q4 24: 39Q1 25: 40Q2 25: 4545Q3 24Q4 24Q1 25Q2 25
Numbers
QuarterHolders
Q3 202431
Q4 202439
Q1 202540
Q2 202545

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q4 24: 17 bought or addedQ4 24: 15 cut or sold outQ4 24Q1 25: 7 bought or addedQ1 25: 9 cut or sold outQ1 25Q2 25: 13 bought or addedQ2 25: 10 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q4 20241715
Q1 202579
Q2 20251310

Biggest buyers

Magnetar Financial LLC New +1,613,354+1.6m
Alberta Investment Management Corp New +980,000+980.0k
WOLVERINE ASSET MANAGEMENT LLC Added +781,953+782.0k
Wealthspring Capital LLC Added +625,670+625.7k
TENOR CAPITAL MANAGEMENT Co., L.P. Added +200,020+200.0k
Schonfeld Strategic Advisors LLC Added +125,000+125.0k
First Trust Capital Management L.P. Added +65,332+65.3k
Jain Global LLC New +56,842+56.8k
GLAZER CAPITAL, LLC New +18,104+18.1k
D. E. Shaw & Co., Inc. Added +17,000+17.0k

Biggest sellers

Polar Asset Management Partners Inc. Reduced -700,000-700.0k
TORONTO DOMINION BANK Reduced -178,912-178.9k
Verition Fund Management LLC Reduced -84,919-84.9k
Bulldog Investors, LLP Reduced -28,354-28.4k
Karpus Management, Inc. Reduced -27,950-27.9k
TrueMark Investments, LLC Sold out -20,000-20.0k
AQR Arbitrage LLC Reduced -20,000-20.0k
ARISTEIA CAPITAL, L.L.C. Reduced -11,042-11.0k
CITADEL ADVISORS LLC Reduced -2,114-2.1k
CLEAR STREET LLC Reduced -1,291-1.3k

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
Fort Baker Capital Management LP 13G · institution +2.4 pts · filed 2026-08-14 8.9% +2.4 pts 1.3m≈ $13.6m 2026-08-14
BARCLAYS PLC 13G · institution +2.7 pts · filed 2026-05-14 7.0% +2.7 pts 1.6m≈ $17.5m 2026-05-14
METEORA CAPITAL, LLC 13G · institution new · filed 2026-08-14 7.0% new 988.7k 2026-08-14
LMR Partners LLP 13G · institution new · filed 2026-08-14 6.9% new 980.0k≈ $10.6m 2026-08-14
Magnetar Financial LLC 13G · institution filed 2026-08-13 6.0% 850.0k≈ $9.2m 2026-08-13
Polar Asset Management Partners Inc. 13G · institution +2.1 pts · filed 2026-08-14 5.6% +2.1 pts 800.0k≈ $8.7m 2026-08-14

Fell to 5% or below in the last year: Harraden Circle Investments, LLC (2.0%, 2026-09-08), HIGHBRIDGE CAPITAL MANAGEMENT LLC (0.0%, 2026-08-14), Linden Capital L.P. (0.0%, 2026-08-14), AQR CAPITAL MANAGEMENT LLC (0.0%, 2026-08-13), GOLDMAN SACHS GROUP INC (4.8%, 2026-08-11), First Trust Capital Management L.P. (4.5%, 2026-05-15)

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 First Trust Capital Management L.P. 1.51% of their portfolio CHICAGO, IL 2,139,2482.1m $22.4m $22.4m 1.51% Added +65.3k +65,332
2 Magnetar Financial LLC 0.08% of their portfolio EVANSTON, IL 1,613,3541.6m $16.9m $16.9m 0.08% New
3 AQR Arbitrage LLC 0.37% of their portfolio Greenwich, CT 1,513,3781.5m $15.8m $15.8m 0.37% Reduced -20.0k -20,000
4 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.81% of their portfolio NEW YORK, NY 1,500,0001.5m $15.7m $15.7m 0.81% Unchanged
5 Linden Advisors LP 0.10% of their portfolio New York, NY 1,500,0001.5m $15.7m $15.7m 0.10% Unchanged
6 WOLVERINE ASSET MANAGEMENT LLC 0.20% of their portfolio CHICAGO, IL 1,169,9951.2m $12.2m $12.2m 0.20% Added +782.0k +781,953
7 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.64% of their portfolio WEST PALM BEACH, FL 1,100,0001.1m $11.5m $11.5m 0.64% Unchanged
8 PICTON MAHONEY ASSET MANAGEMENT 0.15% of their portfolio Toronto, A6 1,004,2801.0m $10.5m $10.5m 0.15% Unchanged
9 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 989,579989.6k $10.4m $10.4m 0.01% Added +17.0k +17,000
10 Alberta Investment Management Corp 0.08% of their portfolio EDMONTON, A0 980,000980.0k $10.3m $10.3m 0.08% New
11 LMR Partners LLP 0.16% of their portfolio LONDON, X0 980,000980.0k $10.3m $10.3m 0.16% Unchanged
12 MMCAP International Inc. SPC 1.04% of their portfolio GRAND CAYMAN, E9 830,000830.0k $8.7m $8.7m 1.04% Unchanged
13 Polar Asset Management Partners Inc. 0.21% of their portfolio TORONTO, A6 800,000800.0k $8.4m $8.4m 0.21% Reduced -700.0k -700,000
14 Wealthspring Capital LLC 2.11% of their portfolio WEST HARRISON, NY 764,570764.6k $8.0m $8.0m 2.11% Added +625.7k +625,670
15 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 676,022676.0k $7.1m $7.1m 0.00% Unchanged
16 TENOR CAPITAL MANAGEMENT Co., L.P. 0.08% of their portfolio NEW YORK, NY 600,020600.0k $6.3m $6.3m 0.08% Added +200.0k +200,020
17 ARISTEIA CAPITAL, L.L.C. 0.17% of their portfolio GREENWICH, CT 588,958589.0k $6.2m $6.2m 0.17% Reduced -11.0k -11,042
18 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 500,000500.0k $5.2m $5.2m 0.01% Unchanged
19 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 365,853365.9k $3.8m $3.8m 0.02% Reduced -84.9k -84,919
20 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio HARRISBURG, PA 351,180351.2k $3.7m $3.7m 0.02% Unchanged
21 WHITEBOX ADVISORS LLC 0.07% of their portfolio MINNEAPOLIS, MN 250,000250.0k $2.6m $2.6m 0.07% Unchanged
22 BERKLEY W R CORP 0.16% of their portfolio Greenwich, CT 248,226248.2k $2.6m $2.6m 0.16% Unchanged
23 Periscope Capital Inc. 0.98% of their portfolio Toronto, A6 247,500247.5k $2.6m $2.6m 0.98% Unchanged
24 Bulldog Investors, LLP 0.65% of their portfolio SADDLE BROOK, NJ 244,032244.0k $2.6m $2.6m 0.65% Reduced -28.4k -28,354
25 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 225,000225.0k $2.4m $2.4m 0.02% Added +125.0k +125,000
26 Karpus Management, Inc. 0.07% of their portfolio Pittsford, NY 218,025218.0k $2.3m $2.3m 0.07% Reduced -27.9k -27,950
27 Westchester Capital Management, LLC 0.13% of their portfolio VALHALLA, NY 214,157214.2k $2.2m $2.2m 0.13% Added +100 +100
28 GRITSTONE ASSET MANAGEMENT LLC 1.86% of their portfolio Bethesda, MD 179,603179.6k $1.9m $1.9m 1.86% Unchanged
29 MIZUHO SECURITIES USA LLC 0.03% of their portfolio NEW YORK, NY 149,112149.1k $1.5m $1.5m 0.03% First filing
30 DELTEC ASSET MANAGEMENT LLC 0.19% of their portfolio New York, NY 100,000100.0k $1.0m $1.0m 0.19% Unchanged
31 MOORE CAPITAL MANAGEMENT, LP 0.02% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.02% Unchanged
32 Jain Global LLC 0.01% of their portfolio NEW YORK, NY 56,84256.8k $594.6k $594.6k 0.01% New
33 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 54,37954.4k $568.8k $568.8k 0.00% Reduced -178.9k -178,912
34 DLD Asset Management, LP 0.06% of their portfolio NEW YORK, NY 48,22348.2k $504.4k $504.4k 0.06% Unchanged
35 Kepos Capital LP 0.42% of their portfolio NEW YORK, NY 30,00030.0k $314.0k $314.0k 0.42% Unchanged
36 GLAZER CAPITAL, LLC 0.01% of their portfolio New York, NY 18,10418.1k $189.0k $189.0k 0.01% New
37 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 14,73014.7k $154.1k $154.1k 0.00% New
38 ROBINSON CAPITAL MANAGEMENT, LLC 0.05% of their portfolio GROSSE POINTE FARMS, MI 12,25012.2k $128.1k $128.1k 0.05% Unchanged
39 CONDOR CAPITAL MANAGEMENT 0.01% of their portfolio MARTINSVILLE, NJ 10,50010.5k $109.8k $109.8k 0.01% Unchanged
40 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 10,03110.0k $104.9k $104.9k 0.00% Reduced -2.1k -2,114
41 PenderFund Capital Management Ltd. 0.02% of their portfolio VANCOUVER, A1 10,00010.0k $104.6k $104.6k 0.02% Unchanged
42 CLEAR STREET LLC 0.00% of their portfolio NEW YORK, NY 5,7045.7k $59.7k $59.7k 0.00% Reduced -1.3k -1,291
43 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,2731.3k $13.3k $13.3k 0.00% New
44 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 400400 $4.2k $4.2k 0.00% Unchanged
45 CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio BIRMINGHAM, AL 00 $0 $0 — Unchanged