Vault-13

GSR III ACQUISITION CORP

CL A · CUSIP G4R103107

2 institutional holders -56 vs Q3 2025
32,09032.1k shares reported held*
$174.9kreported value*
1 new 0 added 1 reduced 57 sold out net sold ≈ $79.4m (-12.2m 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 ≈ $5.45.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q4 24: 18Q1 25: 33Q2 25: 65Q3 25: 58Q4 25: 22Q4 24Q1 25Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q4 202418
Q1 202533
Q2 202565
Q3 202558
Q4 20252

Buyers vs sellers

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

Bought or addedCut or sold out
1000100Q1 25: 23 bought or addedQ1 25: 4 cut or sold outQ1 25Q2 25: 42 bought or addedQ2 25: 23 cut or sold outQ2 25Q3 25: 34 bought or addedQ3 25: 48 cut or sold outQ3 25Q4 25: 1 bought or addedQ4 25: 58 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q1 2025234
Q2 20254223
Q3 20253448
Q4 2025158

Calls vs puts

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

CallsPuts
$0$2m$4m$6m$8mQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $201.4kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $4.0mQ3 25 puts: $6.5mQ3 25P/C 1.66Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$201.4k$00.00
Q3 2025$4.0m$6.5m1.66
Q4 2025$0$0—

Biggest buyers

XTX Topco Ltd New +25,040+25.0k

Biggest sellers

TORONTO DOMINION BANK Sold out -1,303,861-1.3m
Harraden Circle Investments, LLC Sold out -1,231,259-1.2m
D. E. Shaw & Co., Inc. Sold out -988,500-988.5k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Sold out -769,612-769.6k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Sold out -750,000-750.0k
Magnetar Financial LLC Sold out -585,653-585.7k
Linden Advisors LP Sold out -542,000-542.0k
HRT FINANCIAL LP Sold out -493,220-493.2k
Westchester Capital Management, LLC Sold out -433,174-433.2k
GLAZER CAPITAL, LLC Sold out -421,738-421.7k

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
GSR III Sponsor LLC 13G · exempt (held before listing) new · filed 2025-02-12 21.1% new 6.2m 2025-02-12
Shaolin Capital Management LLC 13G · institution new · filed 2025-02-14 8.0% new 1.9m 2025-02-14
BARCLAYS PLC 13G · institution +1.0 pts · filed 2025-11-12 5.7% +1.0 pts 1.3m 2025-11-12
Harraden Circle Investments, LLC 13G · passive investor new · filed 2025-09-15 5.3% new 1.2m 2025-09-15

Fell to 5% or below in the last year: MERUS GLOBAL INVESTMENTS, LLC (0.0%, 2026-02-17), GOLDMAN SACHS GROUP INC (0.0%, 2025-11-14)

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 25,04025.0k $115.7k $115.7k 0.00% New
2 IFP Advisors, Inc 0.00% of their portfolio TAMPA, FL 7,0507.0k $59.2k $59.2k 0.00% Reduced -1.2k -1,250