Vault-13

JENA ACQUISITION CORP II JENA

USD CL A ORD SHS · Common Stock · CUSIP G5093B105

46 institutional holders +8 vs Q3 2025
18,979,80019.0m shares reported held*
$193.2mreported value*
7 new 7 added 11 reduced 0 sold out net bought ≈ $14.1m (+1.4m 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 ≈ $10.18.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 25: 38Q4 25: 4646Q3 25Q4 25
Numbers
QuarterHolders
Q3 202538
Q4 202546

Biggest buyers

HGC Investment Management Inc. New +700,000+700.0k
Hudson Bay Capital Management LP New +401,600+401.6k
Westchester Capital Management, LLC Added +400,000+400.0k
MILLENNIUM MANAGEMENT LLC Added +215,497+215.5k
WHITEBOX ADVISORS LLC New +150,000+150.0k
Schonfeld Strategic Advisors LLC Added +111,749+111.7k
DLD Asset Management, LP New +102,384+102.4k
Quarry LP New +100,000+100.0k
Centiva Capital, LP Added +100,000+100.0k
Radcliffe Capital Management, L.P. Added +64,156+64.2k

Biggest sellers

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -550,000-550.0k
JPMORGAN CHASE & CO Reduced -140,000-140.0k
HighTower Advisors, LLC Reduced -132,152-132.2k
TORONTO DOMINION BANK Reduced -119,100-119.1k
Periscope Capital Inc. Reduced -60,900-60.9k
Clear Street Group Inc. Reduced -12,509-12.5k
GLAZER CAPITAL, LLC Reduced -8,976-9.0k
Bulldog Investors, LLP Reduced -4,631-4.6k
Wealthspring Capital LLC Reduced -3,200-3.2k
K2 PRINCIPAL FUND, L.P. Reduced -2,000-2.0k

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
JENA ACQUISITION SPONSOR LLC II 13D · may seek influence new · filed 2025-06-05
Stated purposeIn connection with the organization of the Issuer, on January 27, 2025, the Sponsor paid $25,000, or approximately $0.004 per share, to cover certain of the Issuer's offering costs in exchange for 5,750,000 Class B Ordinary Shares (the "Founder Shares"), pursuant to the Securities Subscription Agreement dated as of January 27, 2025 between the Sponsor and the Issuer (the "Founder Share Purchase Agreement") as more fully described in Item 6 of this Section 13D, which information is incorporated by reference. On May 7, 2025, the Sponsor transferred 10,000 founder shares to each of the Issuer's independent directors (an aggregate of 30,000 founder shares). On May 30, 2025, simultaneously with the consummation of the Issuer's Initial Public Offering (the "IPO"), the Sponsor purchased 225,000 … Full filing
 20.5% new 5.9m≈ $61.6m 2025-06-05
Linden Capital L.P. 13G · passive investor +1.1 pts · filed 2025-11-12 6.7% +1.1 pts 1.6m≈ $16.1m 2025-11-12

Fell to 5% or below in the last year: BARCLAYS PLC (0.0%, 2026-02-11)

Insider purchases and sales in Q4 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.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 1 buyingQ2 25: 0 sellingQ2 25Q3 25: 0 buyingQ3 25: 0 sellingQ4 25: 0 buyingQ4 25: 0 sellingQ4 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——
Q2 20251$2.2m0——
Q3 20250—0——
Q4 20250—0——

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Linden Advisors LP 0.10% of their portfolio New York, NY 1,550,0001.6m $15.8m $15.8m 0.10% Unchanged
2 Centiva Capital, LP 0.70% of their portfolio New York, NY 1,135,3411.1m $11.5m $11.5m 0.70% Added +100.0k +100,000
3 TENOR CAPITAL MANAGEMENT Co., L.P. 0.14% of their portfolio NEW YORK, NY 1,000,0001.0m $10.2m $10.2m 0.14% Unchanged
4 Westchester Capital Management, LLC 0.44% of their portfolio VALHALLA, NY 912,000912.0k $9.3m $9.3m 0.44% Added +400.0k +400,000
5 Magnetar Financial LLC 0.09% of their portfolio EVANSTON, IL 900,000900.0k $9.2m $9.2m 0.09% Unchanged
6 GLAZER CAPITAL, LLC 0.23% of their portfolio New York, NY 865,724865.7k $8.8m $8.8m 0.23% Reduced -9.0k -8,976
7 Polar Asset Management Partners Inc. 0.16% of their portfolio TORONTO, A6 800,000800.0k $8.1m $8.1m 0.16% Unchanged
8 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 725,000725.0k $7.4m $7.4m 0.01% Unchanged
9 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.19% of their portfolio CHICAGO, IL 700,000700.0k $7.1m $7.1m 0.19% Unchanged
10 MOORE CAPITAL MANAGEMENT, LP 0.15% of their portfolio NEW YORK, NY 700,000700.0k $7.1m $7.1m 0.15% Unchanged
11 HGC Investment Management Inc. 1.51% of their portfolio TORONTO, A6 700,000700.0k $7.1m $7.1m 1.51% New
12 HBK INVESTMENTS L P 0.08% of their portfolio DALLAS, TX 699,900699.9k $7.1m $7.1m 0.08% Reduced -100 -100
13 AQR Arbitrage LLC 0.15% of their portfolio Greenwich, CT 679,186679.2k $6.9m $6.9m 0.15% Unchanged
14 Verition Fund Management LLC 0.03% of their portfolio GREENWICH, CT 543,918543.9k $5.5m $5.5m 0.03% Added +3.8k +3,840
15 Meteora Capital, LLC 0.46% of their portfolio Boca Raton, FL 537,523537.5k $5.5m $5.5m 0.46% Added +1.5k +1,500
16 PICTON MAHONEY ASSET MANAGEMENT 0.06% of their portfolio Toronto, A6 500,000500.0k $5.1m $5.1m 0.06% Unchanged
17 Radcliffe Capital Management, L.P. 0.27% of their portfolio BALA CYNWYD, PA 479,790479.8k $4.9m $4.9m 0.27% Added +64.2k +64,156
18 ARISTEIA CAPITAL, L.L.C. 0.13% of their portfolio GREENWICH, CT 450,000450.0k $4.6m $4.6m 0.13% Unchanged
19 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 450,000450.0k $4.6m $4.6m 0.01% Reduced -550.0k -550,000
20 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 402,500402.5k $4.1m $4.1m 0.00% Added +215.5k +215,497
21 Hudson Bay Capital Management LP 0.02% of their portfolio STAMFORD, CT 401,600401.6k $4.1m $4.1m 0.02% New
22 Shaolin Capital Management LLC 0.15% of their portfolio Miami, FL 400,000400.0k $4.1m $4.1m 0.15% Unchanged
23 Periscope Capital Inc. 0.77% of their portfolio Toronto, A6 389,100389.1k $4.0m $4.0m 0.77% Reduced -60.9k -60,900
24 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 291,749291.7k $3.0m $3.0m 0.01% Added +111.7k +111,749
25 K2 PRINCIPAL FUND, L.P. 0.29% of their portfolio TORONTO, A6 273,000273.0k $2.8m $2.8m 0.29% Reduced -2.0k -2,000
26 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 260,900260.9k $2.7m $2.7m 0.00% Reduced -119.1k -119,100
27 Lineage Point Capital LP 0.97% of their portfolio PALM BEACH, FL 250,000250.0k $2.5m $2.5m 0.97% First filing
28 BERKLEY W R CORP 0.14% of their portfolio Greenwich, CT 247,850247.8k $2.5m $2.5m 0.14% Unchanged
29 First Trust Capital Management L.P. 0.14% of their portfolio CHICAGO, IL 221,610221.6k $2.3m $2.3m 0.14% Unchanged
30 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 153,100153.1k $1.6m $1.6m 0.00% Unchanged
31 WHITEBOX ADVISORS LLC 0.03% of their portfolio MINNEAPOLIS, MN 150,000150.0k $1.5m $1.5m 0.03% New
32 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 140,000140.0k $1.4m $1.4m 0.00% Reduced -140.0k -140,000
33 Wealthspring Capital LLC 0.27% of their portfolio WEST HARRISON, NY 112,800112.8k $1.1m $1.1m 0.27% Reduced -3.2k -3,200
34 DLD Asset Management, LP 0.11% of their portfolio NEW YORK, NY 102,384102.4k $1.0m $1.0m 0.11% New
35 Bulldog Investors, LLP 0.23% of their portfolio SADDLE BROOK, NJ 100,440100.4k $1.0m $1.0m 0.23% Reduced -4.6k -4,631
36 DELTEC ASSET MANAGEMENT LLC 0.17% of their portfolio New York, NY 100,000100.0k $1.0m $1.0m 0.17% Unchanged
37 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 100,000100.0k $1.0m $1.0m 0.00% Reduced -132.2k -132,152
38 Quarry LP 0.17% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.17% New
39 GRITSTONE ASSET MANAGEMENT LLC 0.96% of their portfolio Bethesda, MD 98,85798.9k $1.0m $1.0m 0.96% Unchanged
40 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 68,50168.5k $696.7k $696.7k 0.00% Reduced -12.5k -12,509
41 CSS LLC/IL 0.04% of their portfolio CHICAGO, IL 67,20367.2k $683.5k $683.5k 0.04% Unchanged
42 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 52,71452.7k $537.4k $537.4k 0.00% Unchanged
43 MIZUHO SECURITIES USA LLC 0.01% of their portfolio NEW YORK, NY 50,00050.0k $505.0k $505.0k 0.01% Unchanged
44 READYSTATE ASSET MANAGEMENT LP 0.02% of their portfolio CHICAGO, IL 50,00050.0k $508.5k $508.5k 0.02% Unchanged
45 Governors Lane LP 0.04% of their portfolio NEW YORK, NY 46,37146.4k $472.8k $472.8k 0.04% New
46 Virtu Financial LLC 0.01% of their portfolio New York, NY 20,73920.7k $211.0k $211.0k 0.01% New