Vault-13

LIGHTWAVE ACQUISITION CORP LWACU

UNIT 06/06/2030 · Unit · CUSIP G5490M118

28 institutional holders -39 vs Q2 2025
7,415,8217.4m shares reported held*
$74.5mreported value*
2 new 5 added 6 reduced 39 sold out net sold ≈ $114.0m (-11.3m 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 ≈ $10.05.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0255075Q2 25: 67Q3 25: 2828Q2 25Q3 25
Numbers
QuarterHolders
Q2 202567
Q3 202528

Biggest buyers

OMERS ADMINISTRATION Corp Added +275,000+275.0k
Westchester Capital Management, LLC Added +219,872+219.9k
JPMORGAN CHASE & CO Added +100,093+100.1k
NEXPOINT ASSET MANAGEMENT, L.P. New +100,000+100.0k
Periscope Capital Inc. Added +76,724+76.7k
BCK CAPITAL MANAGEMENT LP Added +16,375+16.4k
TORONTO DOMINION BANK New +5,000+5.0k

Biggest sellers

AQR Arbitrage LLC Sold out -1,400,000-1.4m
TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -1,000,000-1.0m
Verition Fund Management LLC Sold out -800,000-800.0k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Sold out -700,000-700.0k
Linden Advisors LP Sold out -700,000-700.0k
TWO SIGMA INVESTMENTS, LP Sold out -679,687-679.7k
Saba Capital Management, L.P. Sold out -600,000-600.0k
Virtu Financial LLC Sold out -452,816-452.8k
MOORE CAPITAL MANAGEMENT, LP Sold out -450,000-450.0k
Shaolin Capital Management LLC Sold out -400,000-400.0k

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
AQR CAPITAL MANAGEMENT LLC 13G · institution new · filed 2025-08-12 6.3% new 1.4m≈ $14.4m 2025-08-12

Fell to 5% or below in the last year: Magnetar Financial LLC (4.6%, 2025-11-13)

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$6.1m0——
Q3 20250—0——

None reported in Q3 2025.

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Magnetar Financial LLC 0.06% of their portfolio EVANSTON, IL 1,022,8001.0m $10.3m $10.3m 0.06% Unchanged
2 LMR Partners LLP 0.12% of their portfolio LONDON, X0 900,000900.0k $9.0m $9.0m 0.12% Unchanged
3 Alberta Investment Management Corp 0.05% of their portfolio EDMONTON, A0 750,000750.0k $7.5m $7.5m 0.05% Unchanged
4 Westchester Capital Management, LLC 0.30% of their portfolio VALHALLA, NY 569,872569.9k $5.7m $5.7m 0.30% Added +219.9k +219,872
5 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 550,000550.0k $5.5m $5.5m 0.00% Reduced -100.0k -100,000
6 Periscope Capital Inc. 0.98% of their portfolio Toronto, A6 400,000400.0k $4.0m $4.0m 0.98% Added +76.7k +76,724
7 OMERS ADMINISTRATION Corp 0.03% of their portfolio TORONTO, A6 375,000375.0k $3.8m $3.8m 0.03% Added +275.0k +275,000
8 Polar Asset Management Partners Inc. 0.07% of their portfolio TORONTO, A6 357,500357.5k $3.6m $3.6m 0.07% Unchanged
9 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 333,547333.5k $3.3m $3.3m 0.00% Reduced -892 -892
10 Clear Street Group Inc. 0.01% of their portfolio NEW YORK, NY 298,666298.7k $3.0m $3.0m 0.01% First filing
11 MMCAP International Inc. SPC 0.29% of their portfolio GRAND CAYMAN, E9 250,000250.0k $2.5m $2.5m 0.29% Unchanged
12 HGC Investment Management Inc. 0.60% of their portfolio TORONTO, A6 245,500245.5k $2.5m $2.5m 0.60% Unchanged
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 200,000200.0k $2.0m $2.0m 0.00% Added +100.1k +100,093
14 Mint Tower Capital Management B.V. 0.25% of their portfolio AMSTERDAM, P7 200,000200.0k $2.0m $2.0m 0.25% Unchanged
15 Bulldog Investors, LLP 0.37% of their portfolio SADDLE BROOK, NJ 160,956161.0k $1.6m $1.6m 0.37% Reduced -41.8k -41,763
16 K2 PRINCIPAL FUND, L.P. 0.15% of their portfolio TORONTO, A6 144,300144.3k $1.5m $1.5m 0.15% Reduced -5.7k -5,700
17 Calamos Advisors LLC 0.01% of their portfolio NAPERVILLE, IL 123,208123.2k $1.2m $1.2m 0.01% Unchanged
18 NEXPOINT ASSET MANAGEMENT, L.P. 0.09% of their portfolio Dallas, TX 100,000100.0k $1.0m $1.0m 0.09% New
19 DLD Asset Management, LP 0.13% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.13% Unchanged
20 STEADFAST CAPITAL MANAGEMENT LP 0.01% of their portfolio NEW YORK, NY 75,00075.0k $753.8k $753.8k 0.01% Unchanged
21 BCK CAPITAL MANAGEMENT LP 0.74% of their portfolio STAMFORD, CT 68,87568.9k $692.2k $692.2k 0.74% Added +16.4k +16,375
22 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 50,01550.0k $502.6k $502.6k 0.00% Reduced -250.0k -249,985
23 HEIGHTS CAPITAL MANAGEMENT, INC 0.16% of their portfolio SAN FRANCISCO, CA 50,00050.0k $502.0k $502.0k 0.16% Unchanged
24 Quarry LP 0.12% of their portfolio NEW YORK, NY 50,00050.0k $502.5k $502.5k 0.12% Unchanged
25 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 25,00025.0k $250.0k $250.0k 0.00% Unchanged
26 PenderFund Capital Management Ltd. 0.02% of their portfolio VANCOUVER, A1 10,00010.0k $100.4k $100.4k 0.02% Unchanged
27 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 5,0005.0k $50.2k $50.2k 0.00% New
28 GLAZER CAPITAL, LLC 0.00% of their portfolio New York, NY 582582 $6.0k $6.0k 0.00% Reduced -289.4k -289,418