Vault-13

K&F GROWTH ACQUISITION CORP KFII

SHS CL A · Common Stock · CUSIP G52258111

44 institutional holders +0 vs Q2 2025
26,180,70526.2m shares reported held*
$267.5mreported value*
3 new 8 added 10 reduced 2 sold out net bought ≈ $5.1m (+496.2k 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 ≈ $10.22. Options: 1 managers hold calls ($52.5k notional), 0 hold puts (—).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q1 25: 29Q2 25: 44Q3 25: 4444Q1 25Q2 25Q3 25
Numbers
QuarterHolders
Q1 202529
Q2 202544
Q3 202544

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 25: 24 bought or addedQ2 25: 14 cut or sold outQ2 25Q3 25: 11 bought or addedQ3 25: 12 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q2 20252414
Q3 20251112

Calls vs puts

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

CallsPuts
$0$20k$40k$60kQ4 24 calls: $0Q4 24 puts: $0Q4 24P/C —Q1 25 calls: $42.0kQ1 25 puts: $0Q1 25P/C 0.00Q2 25 calls: $55.9kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $52.5kQ3 25 puts: $0Q3 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q4 2024$0$0—
Q1 2025$42.0k$00.00
Q2 2025$55.9k$00.00
Q3 2025$52.5k$00.00

Biggest buyers

WOLVERINE ASSET MANAGEMENT LLC Added +776,860+776.9k
RIVERNORTH CAPITAL MANAGEMENT, LLC New +499,744+499.7k
MANGROVE PARTNERS IM, LLC Added +258,320+258.3k
Radcliffe Capital Management, L.P. Added +158,960+159.0k
Periscope Capital Inc. Added +62,800+62.8k
Alyeska Investment Group, L.P. New +42,045+42.0k
ROBINSON CAPITAL MANAGEMENT, LLC New +15,250+15.2k
Shaolin Capital Management LLC Added +2,141+2.1k
TENOR CAPITAL MANAGEMENT Co., L.P. Added +1,000+1.0k
Jain Global LLC Added +100+100

Biggest sellers

Sculptor Capital LP Sold out -1,000,000-1.0m
TORONTO DOMINION BANK Reduced -71,589-71.6k
Driehaus Capital Management LLC Reduced -52,284-52.3k
Schonfeld Strategic Advisors LLC Reduced -46,751-46.8k
Karpus Management, Inc. Reduced -38,975-39.0k
UBS Group AG Reduced -33,363-33.4k
BOOTHBAY FUND MANAGEMENT, LLC Reduced -25,600-25.6k
ATW SPAC MANAGEMENT LLC Reduced -25,600-25.6k
HRT FINANCIAL LP Sold out -15,900-15.9k
GLAZER CAPITAL, LLC Reduced -6,763-6.8k

Biggest calls

DLD Asset Management, LP Unchanged $52.5k350.0k 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.

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
K&F Growth Acquisition LLC II 13D · may seek influence new · filed 2025-02-12
Stated purposeIn connection with the organization of the Issuer, on July 2, 2024, 9,583,333 Class B Ordinary Shares (the "Founder Shares") were purchased by the Sponsor for the amount of $25,000, pursuant to a Securities Subscription Agreement, dated as of July 2, 2024, by and between the Sponsor and the Issuer (the "Founder Share Purchase Agreement"), as more fully described in Item 6 of this Schedule 13D which information is incorporated herein by reference. On February 6, 2025, the underwriters elected to exercise their over-allotment option in full, resulting in the Sponsor holding an aggregate of 9,583,333 Founder Shares. On February 6, 2025, simultaneously with the consummation of the Issuer's Initial Public Offering (the "IPO"), the Sponsor purchased 495,447 units ("Placement Units") of the Issu… Full filing
 25.7% new 10.1m≈ $106.3m 2025-02-12
BARCLAYS PLC 13G · institution new · filed 2025-08-12 7.1% new 2.1m≈ $22.3m 2025-08-12

Fell to 5% or below in the last year: Westchester Capital Management, LLC (5.0%, 2026-05-15)

Insider purchases and sales in Q3 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
101Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 1 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
Q1 20251$5.0m0——
Q2 20250—0——
Q3 20250—0——

None reported in Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 0.27% of their portfolio NEW YORK, NY 2,001,0002.0m $20.4m $20.4m 0.27% Added +1.0k +1,000
2 Westchester Capital Management, LLC 1.00% of their portfolio VALHALLA, NY 1,885,0001.9m $19.3m $19.3m 1.00% Unchanged
3 Hudson Bay Capital Management LP 0.08% of their portfolio STAMFORD, CT 1,257,0801.3m $12.8m $12.8m 0.08% Unchanged
4 Linden Advisors LP 0.09% of their portfolio New York, NY 1,250,0001.2m $12.8m $12.8m 0.09% Unchanged
5 Magnetar Financial LLC 0.08% of their portfolio EVANSTON, IL 1,250,0001.2m $12.8m $12.8m 0.08% Unchanged
6 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 1,237,5001.2m $12.6m $12.6m 0.01% Unchanged
7 Alberta Investment Management Corp 0.09% of their portfolio EDMONTON, A0 1,237,5001.2m $12.6m $12.6m 0.09% Unchanged
8 WOLVERINE ASSET MANAGEMENT LLC 0.18% of their portfolio CHICAGO, IL 1,189,3951.2m $12.1m $12.1m 0.18% Added +776.9k +776,860
9 GLAZER CAPITAL, LLC 0.40% of their portfolio New York, NY 1,167,1521.2m $11.9m $11.9m 0.40% Reduced -6.8k -6,763
10 Karpus Management, Inc. 0.37% of their portfolio Pittsford, NY 1,146,4501.1m $11.7m $11.7m 0.37% Reduced -39.0k -38,975
11 PICTON MAHONEY ASSET MANAGEMENT 0.13% of their portfolio Toronto, A6 1,000,0001.0m $10.2m $10.2m 0.13% Unchanged
12 AQR Arbitrage LLC 0.26% of their portfolio Greenwich, CT 994,915994.9k $10.2m $10.2m 0.26% Reduced -3.0k -3,000
13 BERKLEY W R CORP 0.64% of their portfolio Greenwich, CT 975,455975.5k $10.0m $10.0m 0.64% Unchanged
14 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 879,566879.6k $9.0m $9.0m 0.01% Unchanged
15 LMR Partners LLP 0.10% of their portfolio LONDON, X0 750,000750.0k $7.7m $7.7m 0.10% Unchanged
16 Schonfeld Strategic Advisors LLC 0.05% of their portfolio NEW YORK, NY 750,000750.0k $7.7m $7.7m 0.05% Reduced -46.8k -46,751
17 Driehaus Capital Management LLC 0.05% of their portfolio Chicago, IL 748,800748.8k $7.7m $7.7m 0.05% Reduced -52.3k -52,284
18 Radcliffe Capital Management, L.P. 0.32% of their portfolio BALA CYNWYD, PA 508,291508.3k $5.2m $5.2m 0.32% Added +159.0k +158,960
19 MOORE CAPITAL MANAGEMENT, LP 0.10% of their portfolio NEW YORK, NY 500,000500.0k $5.1m $5.1m 0.10% Unchanged
20 Periscope Capital Inc. 1.24% of their portfolio Toronto, A6 500,000500.0k $5.1m $5.1m 1.24% Added +62.8k +62,800
21 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.29% of their portfolio WEST PALM BEACH, FL 499,744499.7k $5.1m $5.1m 0.29% New
22 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 499,700499.7k $5.1m $5.1m 0.00% Unchanged
23 Jain Global LLC 0.06% of their portfolio NEW YORK, NY 477,706477.7k $4.9m $4.9m 0.06% Added +100 +100
24 MANGROVE PARTNERS IM, LLC 0.34% of their portfolio Greenwich, CT 450,000450.0k $4.6m $4.6m 0.34% Added +258.3k +258,320
25 Shaolin Capital Management LLC 0.20% of their portfolio Miami, FL 402,141402.1k $4.1m $4.1m 0.20% Added +2.1k +2,141
26 MIZUHO SECURITIES USA LLC 0.08% of their portfolio NEW YORK, NY 384,609384.6k $3.9m $3.9m 0.08% Unchanged
27 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 338,085338.1k $3.5m $3.5m 0.00% Unchanged
28 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 258,387258.4k $2.6m $2.6m 0.02% Unchanged
29 Polar Asset Management Partners Inc. 0.05% of their portfolio TORONTO, A6 250,000250.0k $2.6m $2.6m 0.05% Unchanged
30 Centiva Capital, LP 0.24% of their portfolio New York, NY 250,000250.0k $2.6m $2.6m 0.24% Unchanged
31 WHITEBOX ADVISORS LLC 0.04% of their portfolio MINNEAPOLIS, MN 225,000225.0k $2.3m $2.3m 0.04% Unchanged
32 DLD Asset Management, LP 0.26% of their portfolio NEW YORK, NY 200,000200.0k $2.0m $2.0m 0.26% Unchanged
33 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 150,000150.0k $1.5m $1.5m 0.00% Reduced -71.6k -71,589
34 GRITSTONE ASSET MANAGEMENT LLC 1.56% of their portfolio Bethesda, MD 148,743148.7k $1.5m $1.5m 1.56% Reduced -1.3k -1,257
35 First Trust Capital Management L.P. 0.07% of their portfolio CHICAGO, IL 102,342102.3k $1.0m $1.0m 0.07% Unchanged
36 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 76,59276.6k $782.8k $782.8k 0.00% Unchanged
37 Kepos Capital LP 2.71% of their portfolio NEW YORK, NY 50,00050.0k $511.0k $511.0k 2.71% Unchanged
38 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 47,02247.0k $480.3k $480.3k 0.00% First filing
39 Alyeska Investment Group, L.P. 0.00% of their portfolio CHICAGO, IL 42,04542.0k $434.9k $434.9k 0.00% New
40 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 38,19038.2k $390.1k $390.1k 0.01% Reduced -25.6k -25,600
41 ATW SPAC MANAGEMENT LLC 0.49% of their portfolio NEW YORK, NY 38,19038.2k $390.1k $390.1k 0.49% Reduced -25.6k -25,600
42 ROBINSON CAPITAL MANAGEMENT, LLC 0.11% of their portfolio GROSSE POINTE FARMS, MI 15,25015.2k $155.9k $155.9k 0.11% New
43 UBS Group AG 0.00% of their portfolio ZURICH, V8 8,8118.8k $90.0k $90.0k 0.00% Reduced -33.4k -33,363
44 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4444 $449 $449 0.00% Added +20 +20