HCM II ACQUISITION CORP IMSRW
*W EXP 99/99/999 · Equity WRT · CUSIP G43658122
- SectorIndustrials
- IndustryFabricated Plate Work (Boiler Shops)
- HeadquartersCharlotte, NC
- 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. Implied quarter-end price ≈ $2.34. Options: 1 managers hold calls ($235.0k notional), 0 hold puts (—).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2024 | 24 |
| Q1 2025 | 31 |
| Q2 2025 | 32 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2025 | 14 | 13 |
| Q2 2025 | 9 | 15 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $0 | $0 | — |
| Q4 2024 | $27.0k | $0 | 0.00 |
| Q1 2025 | $104.0k | $0 | 0.00 |
| Q2 2025 | $235.0k | $0 | 0.00 |
Biggest buyers
| PEAK6 LLC | New | +1.2m |
| Balyasny Asset Management L.P. | Added | +515.0k |
| Arosa Capital Management LP | New | +450.0k |
| LMR Partners LLP | Added | +447.2k |
| MORGAN STANLEY | New | +283.1k |
| Governors Lane LP | New | +141.1k |
| MYDA Advisors LLC | New | +139.3k |
| Saba Capital Management, L.P. | Added | +38.4k |
| CLEAR STREET LLC | Added | +5.5k |
Biggest sellers
| CSS LLC/IL | Reduced | -1.1m |
| PICTON MAHONEY ASSET MANAGEMENT | Reduced | -325.7k |
| K2 PRINCIPAL FUND, L.P. | Reduced | -205.3k |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Sold out | -200.0k |
| Periscope Capital Inc. | Reduced | -146.1k |
| CANTOR FITZGERALD, L. P. | Reduced | -130.6k |
| Context Capital Management, LLC | Reduced | -100.1k |
| Bulldog Investors, LLP | Reduced | -94.4k |
| Verition Fund Management LLC | Sold out | -90.0k |
| WOLVERINE ASSET MANAGEMENT LLC | Reduced | -36.7k |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Unchanged | $235.0k100.0k 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.
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
| Manager | Shares | Change |
|---|---|---|
| CANTOR FITZGERALD, L. P. 0.16% of their portfolio | 2.8m $6.6m | Reduced -130.6k |
| LMR Partners LLP 0.06% of their portfolio | 1.6m $3.6m | Added +447.2k |
| PEAK6 LLC 0.05% of their portfolio | 1.2m $2.7m | New |
| AQR Arbitrage LLC 0.06% of their portfolio | 1.1m $2.5m | Unchanged |
| Magnetar Financial LLC 0.01% of their portfolio | 980.1k $2.3m | Unchanged |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 575.0k $1.4m | Added +515.0k |
| PICTON MAHONEY ASSET MANAGEMENT 0.02% of their portfolio | 564.3k $1.3m | Reduced -325.7k |
| Linden Advisors LP 0.01% of their portfolio | 500.0k $1.2m | Unchanged |
| MMCAP International Inc. SPC 0.14% of their portfolio | 490.0k $1.2m | Unchanged |
| Arosa Capital Management LP 0.77% of their portfolio | 450.0k $1.1m | New |
| MORGAN STANLEY 0.00% of their portfolio | 283.1k $665.2k | New |
| Calamos Advisors LLC 0.00% of their portfolio | 250.0k $587.5k | Unchanged |
| WHITEBOX ADVISORS LLC 0.01% of their portfolio | 200.0k $470.0k | Unchanged |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 200.0k $470.0k | Unchanged |
| K2 PRINCIPAL FUND, L.P. 0.08% of their portfolio | 177.5k $417.1k | Reduced -205.3k |
| Governors Lane LP 0.05% of their portfolio | 141.1k $331.6k | New |
| MYDA Advisors LLC 0.09% of their portfolio | 139.3k $327.4k | New |
| CSS LLC/IL 0.02% of their portfolio | 123.2k $289.6k | Reduced -1.1m |
| GRITSTONE ASSET MANAGEMENT LLC 0.26% of their portfolio | 111.9k $263.0k | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 87.5k $205.6k | Unchanged |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 80.8k $189.8k | Reduced -19.2k |
| Context Capital Management, LLC 0.01% of their portfolio | 74.9k $175.9k | Reduced -100.1k |
| Mint Tower Capital Management B.V. 0.03% of their portfolio | 72.5k $170.0k | Unchanged |
| CLEAR STREET LLC 0.00% of their portfolio | 57.7k $135.5k | Added +5.5k |
| Saba Capital Management, L.P. 0.00% of their portfolio | 48.9k $115.5k | Added +38.4k |
| Periscope Capital Inc. 0.03% of their portfolio | 32.5k $76.4k | Reduced -146.1k |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 31.1k $73.0k | Reduced -36.7k |
| Bulldog Investors, LLP 0.01% of their portfolio | 25.0k $58.8k | Reduced -94.4k |
| FULTON BREAKEFIELD BROENNIMAN LLC 0.00% of their portfolio | 18.4k $43.3k | Unchanged |
| Parallax Volatility Advisers, L.P. 0.00% of their portfolio | 15.1k $35.4k | Reduced -24.9k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 15.0k $35.2k | Reduced -22.5k |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |