Vault-13

KOCHAV DEFENSE ACQUI CO KCHVU

UNIT 05/21/2030 · Unit · CUSIP G5304D122

11 institutional holders -36 vs Q2 2025
1,590,2481.6m shares reported held*
$16.3mreported value*
2 new 2 added 4 reduced 37 sold out net sold ≈ $236.5m (-23.1m 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 ≈ $10.24.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q2 25: 47Q3 25: 1111Q2 25Q3 25
Numbers
QuarterHolders
Q2 202547
Q3 202511

Biggest buyers

BlueCrest Capital Management Ltd New +90,528+90.5k
JPMORGAN CHASE & CO Added +15,000+15.0k
BARCLAYS PLC New +155+155
FNY Investment Advisers, LLC Added +155+155

Biggest sellers

Polar Asset Management Partners Inc. Sold out -2,150,000-2.1m
Magnetar Financial LLC Sold out -1,900,000-1.9m
AQR Arbitrage LLC Sold out -1,875,000-1.9m
Linden Advisors LP Sold out -1,400,000-1.4m
ARISTEIA CAPITAL, L.L.C. Sold out -1,325,000-1.3m
MIZUHO SECURITIES USA LLC Sold out -1,246,368-1.2m
Meteora Capital, LLC Sold out -1,082,533-1.1m
BERKLEY W R CORP Sold out -1,001,838-1.0m
GLAZER CAPITAL, LLC Sold out -980,000-980.0k
TWO SIGMA INVESTMENTS, LP Sold out -797,500-797.5k

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
Magnetar Financial LLC 13G · institution new · filed 2025-08-08 7.3% new 1.9m 2025-08-08
Linden Capital L.P. 13G · passive investor new · filed 2025-06-04 5.4% new 1.4m 2025-06-04
ARISTEIA CAPITAL, L.L.C. 13G · institution new · filed 2025-08-14 5.1% new 1.3m 2025-08-14

Fell to 5% or below in the last year: BANK OF MONTREAL /CAN/ (0.0%, 2026-02-12)

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: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 1 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 20250—0——
Q2 20251$5.2m0——
Q3 20250—0——

None reported in Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Westchester Capital Management, LLC 0.53% of their portfolio VALHALLA, NY 1,000,0001.0m $10.2m $10.2m 0.53% Unchanged
2 Clear Street Group Inc. 0.01% of their portfolio NEW YORK, NY 231,438231.4k $2.4m $2.4m 0.01% First filing
3 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 97,52397.5k $998.6k $998.6k 0.00% Reduced -351.4k -351,397
4 BlueCrest Capital Management Ltd 0.06% of their portfolio ST HELIER, Y9 90,52890.5k $927.0k $927.0k 0.06% New
5 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 74,99875.0k $768.0k $768.0k 0.01% Reduced -298.0k -298,042
6 BCK CAPITAL MANAGEMENT LP 0.51% of their portfolio STAMFORD, CT 46,37046.4k $474.8k $474.8k 0.51% Reduced -3.6k -3,630
7 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 30,00030.0k $307.5k $307.5k 0.00% Added +15.0k +15,000
8 READYSTATE ASSET MANAGEMENT LP 0.01% of their portfolio CHICAGO, IL 18,89418.9k $193.5k $193.5k 0.01% Reduced -31.1k -31,106
9 FNY Investment Advisers, LLC 0.00% of their portfolio NEW YORK, NY 325325 $3.0k $3.0k 0.00% Added +155 +155
10 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 155155 $1.6k $1.6k 0.00% New
11 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 1717 $167 $167 0.00% Unchanged