Vault-13

LAKESHORE ACQUISITION III CO LCCC

USD ORD SHS · Common Stock · CUSIP G5353S103

27 institutional holders +8 vs Q2 2025
5,393,8625.4m shares reported held*
60.6% of all shares outstanding*
$54.3mreported value*
11 new 5 added 4 reduced 2 sold out net bought ≈ $15.7m (+1.6m 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. Shares outstanding: 8.9m as of 2025-10-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $10.07.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0102030Q2 25: 19Q3 25: 2727Q2 25Q3 25
Numbers
QuarterHolders
Q2 202519
Q3 202527

Biggest buyers

Westchester Capital Management, LLC New +689,436+689.4k
RIVERNORTH CAPITAL MANAGEMENT, LLC New +297,500+297.5k
AQR Arbitrage LLC New +216,589+216.6k
D. E. Shaw & Co., Inc. New +207,000+207.0k
HEIGHTS CAPITAL MANAGEMENT, INC New +200,000+200.0k
MANGROVE PARTNERS IM, LLC Added +128,582+128.6k
GABELLI & Co INVESTMENT ADVISERS, INC. New +113,900+113.9k
GABELLI FUNDS LLC New +86,100+86.1k
GOLDMAN SACHS GROUP INC New +78,411+78.4k
WOLVERINE ASSET MANAGEMENT LLC Added +54,462+54.5k

Biggest sellers

MIZUHO SECURITIES USA LLC Reduced -223,583-223.6k
Shaolin Capital Management LLC Reduced -200,000-200.0k
TORONTO DOMINION BANK Reduced -87,141-87.1k
BOOTHBAY FUND MANAGEMENT, LLC Sold out -42,300-42.3k
ATW SPAC MANAGEMENT LLC Sold out -42,300-42.3k
GLAZER CAPITAL, LLC Reduced -10,002-10.0k

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
RedOne Investment Ltd 13D · may seek influence new · filed 2025-05-07
Stated purposeThe information set forth in Item 3 above is incorporated into this Item 4 by reference. The Reporting Persons may acquire additional securities of the Issuer, or retain or sell all or a portion of the securities then held, in the open market or in privately negotiated transactions. Deyin (Bill) Chen serves as Chief Executive Officer, Chief Financial Officer and director of the Issuer, and, in such capacity, may have influence over the corporate activities of the Issuer, including activities which may relate to items described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Except as described in this Statement, each of the Reporting Person does not have any present plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) thro… Full filing
 22.2% new 2.0m≈ $9.7m 2025-05-07
Feis Equities LLC 13G · passive investor new · filed 2026-08-05 10.0% new 382.1k≈ $4.0m 2026-08-05
MIZUHO FINANCIAL GROUP INC 13G · institution +5.7 pts · filed 2026-08-13 8.9% +5.7 pts 789.6k≈ $3.9m 2026-08-13
BERKLEY W R CORP 13G · institution new · filed 2026-08-06 7.7% new 687.4k≈ $3.4m 2026-08-06
WOLVERINE ASSET MANAGEMENT LLC 13G · institution new · filed 2026-10-07 5.2% new 199.2k≈ $2.1m 2026-10-07
Shaolin Capital Management LLC 13G · passive investor new · filed 2025-07-22 5.0% new 450.1k≈ $2.2m 2025-07-22

Fell to 5% or below in the last year: Westchester Capital Management, LLC (2.1%, 2026-08-14), BARCLAYS PLC (4.9%, 2026-08-13)

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—0——
Q3 20250—0——

None reported in Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Westchester Capital Management, LLC 0.36% of their portfolio VALHALLA, NY 689,436689.4k $7.0m $7.0m 0.36% New
2 Shaolin Capital Management LLC 0.17% of their portfolio Miami, FL 350,100350.1k $3.5m $3.5m 0.17% Reduced -200.0k -200,000
3 Karpus Management, Inc. 0.10% of their portfolio Pittsford, NY 313,050313.1k $3.2m $3.2m 0.10% Added +39.5k +39,475
4 Hudson Bay Capital Management LP 0.02% of their portfolio STAMFORD, CT 300,000300.0k $3.0m $3.0m 0.02% Unchanged
5 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.17% of their portfolio WEST PALM BEACH, FL 297,500297.5k $3.0m $3.0m 0.17% New
6 MANGROVE PARTNERS IM, LLC 0.22% of their portfolio Greenwich, CT 294,882294.9k $3.0m $3.0m 0.22% Added +128.6k +128,582
7 MIZUHO SECURITIES USA LLC 0.06% of their portfolio NEW YORK, NY 283,860283.9k $2.8m $2.8m 0.06% Reduced -223.6k -223,583
8 WOLVERINE ASSET MANAGEMENT LLC 0.04% of their portfolio CHICAGO, IL 280,164280.2k $2.8m $2.8m 0.04% Added +54.5k +54,462
9 Clear Street Group Inc. 0.01% of their portfolio NEW YORK, NY 223,737223.7k $2.3m $2.3m 0.01% First filing
10 WHITEBOX ADVISORS LLC 0.04% of their portfolio MINNEAPOLIS, MN 218,500218.5k $2.2m $2.2m 0.04% Unchanged
11 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 217,499217.5k $2.2m $2.2m 0.00% Unchanged
12 AQR Arbitrage LLC 0.06% of their portfolio Greenwich, CT 216,589216.6k $2.2m $2.2m 0.06% New
13 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 207,000207.0k $2.1m $2.1m 0.00% New
14 ARISTEIA CAPITAL, L.L.C. 0.06% of their portfolio GREENWICH, CT 200,000200.0k $2.0m $2.0m 0.06% Unchanged
15 HEIGHTS CAPITAL MANAGEMENT, INC 0.64% of their portfolio SAN FRANCISCO, CA 200,000200.0k $2.0m $2.0m 0.64% New
16 Polar Asset Management Partners Inc. 0.04% of their portfolio TORONTO, A6 200,000200.0k $2.0m $2.0m 0.04% Unchanged
17 GLAZER CAPITAL, LLC 0.07% of their portfolio New York, NY 194,438194.4k $2.0m $2.0m 0.07% Reduced -10.0k -10,002
18 BERKLEY W R CORP 0.11% of their portfolio Greenwich, CT 175,560175.6k $1.8m $1.8m 0.11% Unchanged
19 GABELLI & Co INVESTMENT ADVISERS, INC. 0.18% of their portfolio Rye, NY 113,900113.9k $1.1m $1.1m 0.18% New
20 Radcliffe Capital Management, L.P. 0.06% of their portfolio BALA CYNWYD, PA 100,052100.1k $1.0m $1.0m 0.06% Added +52 +52
21 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 100,000100.0k $1.0m $1.0m 0.00% Reduced -87.1k -87,141
22 GABELLI FUNDS LLC 0.01% of their portfolio Rye, NY 86,10086.1k $867.9k $867.9k 0.01% New
23 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 78,41178.4k $790.4k $790.4k 0.00% New
24 Crossingbridge Advisors, LLC 0.11% of their portfolio PLEASANTVILLE, NY 21,93721.9k $221.2k $221.2k 0.11% New
25 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 16,12116.1k $162.6k $162.6k 0.00% New
26 ROBINSON CAPITAL MANAGEMENT, LLC 0.11% of their portfolio GROSSE POINTE FARMS, MI 15,00015.0k $151.3k $151.3k 0.11% New
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2626 $262 $262 0.00% Added +5 +5