Vault-13

LAKE SUPERIOR ACQUISITION CO LKSP

USD CL A ORD SHS · Common Stock · CUSIP G5354C107

36 institutional holders -3 vs Q1 2026
11,510,54311.5m shares reported held*
73.3% of all shares outstanding*
$116.6mreported value*
1 new 8 added 6 reduced 4 sold out net bought ≈ $8.8m (+872.0k 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: 15.7m as of 2026-08-13, 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 ≈ $10.13.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q4 25: 33Q1 26: 39Q2 26: 3636Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q4 202533
Q1 202639
Q2 202636

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q1 26: 14 bought or addedQ1 26: 10 cut or sold outQ1 26Q2 26: 9 bought or addedQ2 26: 10 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 20261410
Q2 2026910

Biggest buyers

MIZUHO SECURITIES USA LLC Added +599,076+599.1k
Crossingbridge Advisors, LLC Added +450,000+450.0k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Added +363,127+363.1k
Westchester Capital Management, LLC Added +255,000+255.0k
Clear Street Group Inc. Added +17,905+17.9k
ROBINSON CAPITAL MANAGEMENT, LLC New +15,000+15.0k
WOLVERINE ASSET MANAGEMENT LLC Added +6,833+6.8k
AQR Arbitrage LLC Added +6,213+6.2k
TrueMark Investments, LLC Added +1,497+1.5k

Biggest sellers

HGC Investment Management Inc. Sold out -320,000-320.0k
TWO SIGMA INVESTMENTS, LP Sold out -181,250-181.2k
Logan Stone Capital, LLC Reduced -146,773-146.8k
UBS Group AG Sold out -83,750-83.8k
Shaolin Capital Management LLC Reduced -56,300-56.3k
Karpus Management, Inc. Reduced -34,425-34.4k
Virtu Financial LLC Sold out -10,859-10.9k
TORONTO DOMINION BANK Reduced -5,300-5.3k
DELTEC ASSET MANAGEMENT LLC Reduced -4,008-4.0k
MORGAN STANLEY Reduced -11-11

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
Karpus Management, Inc. 13G · institution -2.7 pts · filed 2026-08-14 6.4% -2.7 pts 1.2m≈ $11.2m 2026-08-14

Fell to 5% or below in the last year: MIZUHO FINANCIAL GROUP INC (3.8%, 2026-08-13), GOLDMAN SACHS GROUP INC (2.8%, 2026-08-11), Feis Equities LLC (0.1%, 2025-11-13)

Insider purchases and sales since 1 Apr 2026

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 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 1 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20251—0——
Q1 20260—0——
Q2 20260—0——
Q3 20260—0——

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MIZUHO SECURITIES USA LLC 0.15% of their portfolio NEW YORK, NY 1,563,6631.6m $15.7m $15.7m 0.15% Added +599.1k +599,076
2 Karpus Management, Inc. 0.36% of their portfolio Pittsford, NY 1,249,6081.2m $12.7m $12.7m 0.36% Reduced -34.4k -34,425
3 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.22% of their portfolio NEW YORK, NY 627,627627.6k $6.4m $6.4m 0.22% Added +363.1k +363,127
4 Crossingbridge Advisors, LLC 1.00% of their portfolio PLEASANTVILLE, NY 560,000560.0k $5.7m $5.7m 1.00% Added +450.0k +450,000
5 AQR Arbitrage LLC 0.08% of their portfolio Greenwich, CT 534,756534.8k $5.4m $5.4m 0.08% Added +6.2k +6,213
6 BlueCrest Capital Management Ltd 0.22% of their portfolio ST HELIER, Y9 500,000500.0k $5.1m $5.1m 0.22% Unchanged
7 PICTON MAHONEY ASSET MANAGEMENT 0.05% of their portfolio Toronto, A6 499,989500.0k $5.1m $5.1m 0.05% Unchanged
8 Magnetar Financial LLC 0.05% of their portfolio EVANSTON, IL 495,187495.2k $5.0m $5.0m 0.05% Unchanged
9 CSS LLC/IL 0.21% of their portfolio CHICAGO, IL 465,598465.6k $4.7m $4.7m 0.21% Unchanged
10 Westchester Capital Management, LLC 0.23% of their portfolio VALHALLA, NY 455,000455.0k $4.6m $4.6m 0.23% Added +255.0k +255,000
11 ARISTEIA CAPITAL, L.L.C. 0.07% of their portfolio GREENWICH, CT 420,000420.0k $4.3m $4.3m 0.07% Unchanged
12 Hudson Bay Capital Management LP 0.02% of their portfolio STAMFORD, CT 420,000420.0k $4.3m $4.3m 0.02% Unchanged
13 WHITEBOX ADVISORS LLC 0.07% of their portfolio MINNEAPOLIS, MN 405,103405.1k $4.1m $4.1m 0.07% Unchanged
14 TENOR CAPITAL MANAGEMENT Co., L.P. 0.05% of their portfolio NEW YORK, NY 350,000350.0k $3.5m $3.5m 0.05% Unchanged
15 Shaolin Capital Management LLC 0.20% of their portfolio Miami, FL 345,000345.0k $3.5m $3.5m 0.20% Reduced -56.3k -56,300
16 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.15% of their portfolio WEST PALM BEACH, FL 299,992300.0k $3.1m $3.1m 0.15% Unchanged
17 Logan Stone Capital, LLC 0.53% of their portfolio CHICAGO, IL 248,729248.7k $2.5m $2.5m 0.53% Reduced -146.8k -146,773
18 Polar Asset Management Partners Inc. 0.04% of their portfolio TORONTO, A6 219,900219.9k $2.2m $2.2m 0.04% Unchanged
19 HEIGHTS CAPITAL MANAGEMENT, INC 0.49% of their portfolio SAN FRANCISCO, CA 210,000210.0k $2.1m $2.1m 0.49% Unchanged
20 Radcliffe Capital Management, L.P. 0.16% of their portfolio BALA CYNWYD, PA 210,000210.0k $2.1m $2.1m 0.16% Unchanged
21 Lineage Point Capital LP 0.42% of their portfolio PALM BEACH, FL 200,000200.0k $2.0m $2.0m 0.42% Unchanged
22 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 175,140175.1k $1.8m $1.8m 0.00% Unchanged
23 Context Capital Management, LLC 0.04% of their portfolio LAJOLLA, CA 175,000175.0k $1.8m $1.8m 0.04% Unchanged
24 Clear Street Group Inc. 0.01% of their portfolio NEW YORK, NY 174,898174.9k $1.8m $1.8m 0.01% Added +17.9k +17,905
25 Linden Advisors LP 0.01% of their portfolio New York, NY 140,000140.0k $1.4m $1.4m 0.01% Unchanged
26 Mint Tower Capital Management B.V. 0.17% of their portfolio AMSTERDAM, P7 140,000140.0k $1.4m $1.4m 0.17% Unchanged
27 MOORE CAPITAL MANAGEMENT, LP 0.02% of their portfolio NEW YORK, NY 105,000105.0k $1.1m $1.1m 0.02% Unchanged
28 SONA ASSET MANAGEMENT (US) LLC 0.03% of their portfolio NEW YORK, NY 88,79088.8k $900.3k $900.3k 0.03% Unchanged
29 DELTEC ASSET MANAGEMENT LLC 0.09% of their portfolio New York, NY 58,22158.2k $590.4k $590.4k 0.09% Reduced -4.0k -4,008
30 Warberg Asset Management LLC 0.14% of their portfolio WINNETKA, IL 44,94744.9k $455.8k $455.8k 0.14% Unchanged
31 WOLVERINE ASSET MANAGEMENT LLC 0.01% of their portfolio CHICAGO, IL 39,63039.6k $401.8k $401.8k 0.01% Added +6.8k +6,833
32 TrueMark Investments, LLC 0.05% of their portfolio CHICAGO, IL 37,69737.7k $382.6k $382.6k 0.05% Added +1.5k +1,497
33 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 25,00025.0k $253.5k $253.5k 0.00% Reduced -5.3k -5,300
34 ROBINSON CAPITAL MANAGEMENT, LLC 0.07% of their portfolio GROSSE POINTE FARMS, MI 15,00015.0k $152.1k $152.1k 0.07% New
35 Dakota Wealth Management 0.00% of their portfolio PALM BEACH GARDENS, FL 11,00011.0k $111.5k $111.5k 0.00% Unchanged
36 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6868 $690 $690 0.00% Reduced -11 -11