Vault-13

HAYMAKER ACQUISITION CORP IV 2680812D

CLASS A · Common Stock · CUSIP G4375F108

48 institutional holders +0 vs Q3 2025
22,196,11222.2m shares reported held*
$252.3mreported value*
3 new 7 added 14 reduced 3 sold out net bought ≈ $2.6m (+231.9k 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 ≈ $11.37.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q3 23: 44Q4 23: 60Q1 24: 61Q2 24: 62Q3 24: 52Q4 24: 57Q1 25: 57Q2 25: 60Q3 25: 48Q4 25: 4848Q3 23Q1 24Q3 24Q1 25Q3 25Q4 25
Numbers
QuarterHolders
Q3 202344
Q4 202360
Q1 202461
Q2 202462
Q3 202452
Q4 202457
Q1 202557
Q2 202560
Q3 202548
Q4 202548

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 24: 16 bought or addedQ1 24: 15 cut or sold outQ2 24: 16 bought or addedQ2 24: 13 cut or sold outQ2 24Q3 24: 10 bought or addedQ3 24: 23 cut or sold outQ4 24: 12 bought or addedQ4 24: 10 cut or sold outQ4 24Q1 25: 10 bought or addedQ1 25: 8 cut or sold outQ2 25: 17 bought or addedQ2 25: 14 cut or sold outQ2 25Q3 25: 14 bought or addedQ3 25: 29 cut or sold outQ4 25: 10 bought or addedQ4 25: 17 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 20241615
Q2 20241613
Q3 20241023
Q4 20241210
Q1 2025108
Q2 20251714
Q3 20251429
Q4 20251017

Calls vs puts

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

CallsPuts
$0$20k$40k$60kQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $37.2kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $40.8kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$37.2k$00.00
Q3 2025$40.8k$00.00
Q4 2025$0$0—

Biggest buyers

WEXFORD CAPITAL LP New +500,000+500.0k
HSBC HOLDINGS PLC Added +330,900+330.9k
BERKLEY W R CORP Added +284,195+284.2k
MIZUHO SECURITIES USA LLC Added +261,725+261.7k
Sandia Investment Management LP Added +149,987+150.0k
Harraden Circle Investments, LLC New +30,253+30.3k
K2 PRINCIPAL FUND, L.P. Added +26,642+26.6k
WOLVERINE ASSET MANAGEMENT LLC Added +17,245+17.2k
DLD Asset Management, LP Added +6,808+6.8k
HIGHBRIDGE CAPITAL MANAGEMENT LLC New +100+100

Biggest sellers

Meteora Capital, LLC Reduced -412,764-412.8k
GLAZER CAPITAL, LLC Reduced -250,087-250.1k
Quarry LP Reduced -137,324-137.3k
JPMORGAN CHASE & CO Reduced -100,000-100.0k
TORONTO DOMINION BANK Reduced -96,303-96.3k
Hudson Bay Capital Management LP Reduced -75,000-75.0k
Shaolin Capital Management LLC Reduced -75,000-75.0k
Periscope Capital Inc. Reduced -68,300-68.3k
Clear Street Group Inc. Reduced -34,990-35.0k
Centiva Capital, LP Sold out -32,131-32.1k

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
Westchester Capital Management, LLC 13G · institution +3.2 pts · filed 2025-11-14 8.2% +3.2 pts 1.9m 2025-11-14

Fell to 5% or below in the last year: BERKLEY W R CORP (0.0%, 2026-08-06), First Trust Capital Management L.P. (1.1%, 2026-05-15), Fort Baker Capital Management LP (1.1%, 2026-05-15), MIZUHO FINANCIAL GROUP INC (0.0%, 2026-05-14), AMERICAN CENTURY INVESTMENT MANAGEMENT INC (0.0%, 2026-05-05), WASATCH ADVISORS LP (0.0%, 2026-04-29), WOLVERINE ASSET MANAGEMENT LLC (0.0%, 2026-04-20), Harraden Circle Investments, LLC (0.0%, 2026-04-17), Haymaker Sponsor IV LLC (0.0%, 2026-04-15), Wealthspring Capital LLC (0.0%, 2026-04-09)

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Fort Baker Capital Management LP 2.96% of their portfolio Larkspur, CA 2,337,2202.3m $26.6m $26.6m 2.96% Unchanged
2 BERKLEY W R CORP 1.25% of their portfolio Greenwich, CT 1,964,2072.0m $22.4m $22.4m 1.25% Added +284.2k +284,195
3 Westchester Capital Management, LLC 1.04% of their portfolio VALHALLA, NY 1,939,0281.9m $22.1m $22.1m 1.04% Unchanged
4 Wealthspring Capital LLC 4.45% of their portfolio WEST HARRISON, NY 1,657,4531.7m $18.9m $18.9m 4.45% Reduced -20.9k -20,942
5 WOLVERINE ASSET MANAGEMENT LLC 0.24% of their portfolio CHICAGO, IL 1,459,6771.5m $16.6m $16.6m 0.24% Added +17.2k +17,245
6 First Trust Capital Management L.P. 1.00% of their portfolio CHICAGO, IL 1,455,6661.5m $16.6m $16.6m 1.00% Reduced -1.3k -1,300
7 MIZUHO SECURITIES USA LLC 0.23% of their portfolio NEW YORK, NY 1,249,1261.2m $14.1m $14.1m 0.23% Added +261.7k +261,725
8 Linden Advisors LP 0.06% of their portfolio New York, NY 900,000900.0k $10.2m $10.2m 0.06% Unchanged
9 MMCAP International Inc. SPC 1.02% of their portfolio GRAND CAYMAN, E9 900,000900.0k $10.2m $10.2m 1.02% Unchanged
10 GLAZER CAPITAL, LLC 0.22% of their portfolio New York, NY 724,700724.7k $8.2m $8.2m 0.22% Reduced -250.1k -250,087
11 AQR Arbitrage LLC 0.16% of their portfolio Greenwich, CT 686,006686.0k $7.8m $7.8m 0.16% Unchanged
12 HSBC HOLDINGS PLC 0.00% of their portfolio LONDON, X0 661,800661.8k $7.6m $7.6m 0.00% Added +330.9k +330,900
13 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 603,700603.7k $6.9m $6.9m 0.01% Unchanged
14 Meteora Capital, LLC 0.55% of their portfolio Boca Raton, FL 580,867580.9k $6.6m $6.6m 0.55% Reduced -412.8k -412,764
15 WEXFORD CAPITAL LP 1.46% of their portfolio WEST PALM BEACH, FL 500,000500.0k $5.7m $5.7m 1.46% New
16 Polar Asset Management Partners Inc. 0.10% of their portfolio TORONTO, A6 435,000435.0k $5.0m $5.0m 0.10% Unchanged
17 Alberta Investment Management Corp 0.03% of their portfolio EDMONTON, A0 400,000400.0k $4.6m $4.6m 0.03% Unchanged
18 Sandia Investment Management LP 9.93% of their portfolio BOSTON, MA 349,987350.0k $4.0m $4.0m 9.93% Added +150.0k +149,987
19 MOORE CAPITAL MANAGEMENT, LP 0.07% of their portfolio NEW YORK, NY 300,000300.0k $3.4m $3.4m 0.07% Unchanged
20 Quarry LP 0.56% of their portfolio NEW YORK, NY 298,232298.2k $3.4m $3.4m 0.56% Reduced -137.3k -137,324
21 ARISTEIA CAPITAL, L.L.C. 0.09% of their portfolio GREENWICH, CT 292,506292.5k $3.3m $3.3m 0.09% Unchanged
22 Shaolin Capital Management LLC 0.11% of their portfolio Miami, FL 250,000250.0k $2.8m $2.8m 0.11% Reduced -75.0k -75,000
23 K2 PRINCIPAL FUND, L.P. 0.27% of their portfolio TORONTO, A6 226,442226.4k $2.6m $2.6m 0.27% Added +26.6k +26,642
24 Periscope Capital Inc. 0.46% of their portfolio Toronto, A6 206,700206.7k $2.4m $2.4m 0.46% Reduced -68.3k -68,300
25 DLD Asset Management, LP 0.24% of their portfolio NEW YORK, NY 204,028204.0k $2.3m $2.3m 0.24% Added +6.8k +6,808
26 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 190,000190.0k $2.2m $2.2m 0.00% Unchanged
27 Mint Tower Capital Management B.V. 0.21% of their portfolio AMSTERDAM, P7 150,000150.0k $1.7m $1.7m 0.21% Unchanged
28 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 144,159144.2k $1.6m $1.6m 0.00% Reduced -12.2k -12,230
29 HEIGHTS CAPITAL MANAGEMENT, INC 0.52% of their portfolio SAN FRANCISCO, CA 121,772121.8k $1.4m $1.4m 0.52% Reduced -29.9k -29,947
30 Clear Street Group Inc. 0.01% of their portfolio NEW YORK, NY 115,010115.0k $1.3m $1.3m 0.01% Reduced -35.0k -34,990
31 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 103,697103.7k $1.2m $1.2m 0.00% Reduced -96.3k -96,303
32 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.03% of their portfolio CHICAGO, IL 100,248100.2k $1.1m $1.1m 0.03% Unchanged
33 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 100,000100.0k $1.1m $1.1m 0.00% Reduced -100.0k -100,000
34 Calamos Advisors LLC 0.00% of their portfolio NAPERVILLE, IL 100,000100.0k $1.1m $1.1m 0.00% Unchanged
35 Radcliffe Capital Management, L.P. 0.05% of their portfolio BALA CYNWYD, PA 76,63176.6k $872.1k $872.1k 0.05% Unchanged
36 Hudson Bay Capital Management LP 0.00% of their portfolio STAMFORD, CT 75,00075.0k $853.5k $853.5k 0.00% Reduced -75.0k -75,000
37 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.03% of their portfolio WEST PALM BEACH, FL 50,68450.7k $576.8k $576.8k 0.03% Unchanged
38 DELTEC ASSET MANAGEMENT LLC 0.09% of their portfolio New York, NY 50,00050.0k $569.0k $569.0k 0.09% Unchanged
39 LMR Partners LLP 0.01% of their portfolio LONDON, X0 50,00050.0k $569.0k $569.0k 0.01% Unchanged
40 GABELLI & Co INVESTMENT ADVISERS, INC. 0.07% of their portfolio Rye, NY 38,80038.8k $441.5k $441.5k 0.07% Unchanged
41 GABELLI FUNDS LLC 0.00% of their portfolio Rye, NY 36,20036.2k $412.0k $412.0k 0.00% Unchanged
42 Harraden Circle Investments, LLC 0.06% of their portfolio NEW YORK, NY 30,25330.3k $344.3k $344.3k 0.06% New
43 Yakira Capital Management, Inc. 0.11% of their portfolio Westport, CT 30,00030.0k $341.4k $341.4k 0.11% Unchanged
44 Limestone Investment Advisors LP 0.02% of their portfolio NEW YORK, NY 19,40519.4k $30.1k $30.1k 0.02% Unchanged
45 Evercore Wealth Management, LLC 0.00% of their portfolio New York, NY 16,76316.8k $190.8k $190.8k 0.00% Unchanged
46 CONDOR CAPITAL MANAGEMENT 0.01% of their portfolio MARTINSVILLE, NJ 14,94514.9k $170.1k $170.1k 0.01% Unchanged
47 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 100100 $1.1k $1.1k 0.00% New
48 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 100100 $1.1k $1.1k 0.00% Reduced -1 -1