LIGHTWAVE ACQUISITION CORP LWACU
UNIT 06/06/2030 · Unit · CUSIP G5490M118
- SectorBlank check (SPAC)
- IndustryBlank Checks
- HeadquartersMenlo Park, CA
- FilingsSEC EDGAR
* 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 ≈ $10.20.
Trends to Q4 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q2 2025 | 67 |
| Q3 2025 | 28 |
| Q4 2025 | 14 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2025 | 7 | 45 |
| Q4 2025 | 2 | 18 |
Biggest buyers
| CITADEL ADVISORS LLC | Added | +566 |
| UBS Group AG | New | +300 |
Biggest sellers
| Magnetar Financial LLC | Sold out | -1.0m |
| Alberta Investment Management Corp | Sold out | -750.0k |
| Westchester Capital Management, LLC | Sold out | -569.9k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -550.0k |
| Periscope Capital Inc. | Sold out | -400.0k |
| OMERS ADMINISTRATION Corp | Sold out | -375.0k |
| Clear Street Group Inc. | Reduced | -288.1k |
| MMCAP International Inc. SPC | Sold out | -250.0k |
| Mint Tower Capital Management B.V. | Sold out | -200.0k |
| Bulldog Investors, LLP | Sold out | -161.0k |
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.
| Holder | Stake |
|---|---|
| AQR CAPITAL MANAGEMENT LLC 13G · institution new · filed 2025-08-12 | 6.3% |
Fell to 5% or below in the last year: Magnetar Financial LLC (4.6%, 2025-11-13)
Insider purchases and sales in Q4 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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2024 | 0 | — | 0 | — | — |
| Q2 2024 | 0 | — | 0 | — | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 1 | $6.1m | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
None reported in Q4 2025.
Holders, Q4 2025
| Manager | Shares | Change |
|---|---|---|
| LMR Partners LLP 0.09% of their portfolio | 900.0k $9.2m | Unchanged |
| Polar Asset Management Partners Inc. 0.07% of their portfolio | 357.5k $3.6m | Unchanged |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 334.1k $3.4m | Added +566 |
| HGC Investment Management Inc. 0.53% of their portfolio | 245.5k $2.5m | Unchanged |
| K2 PRINCIPAL FUND, L.P. 0.15% of their portfolio | 139.3k $1.4m | Reduced -5.0k |
| Calamos Advisors LLC 0.01% of their portfolio | 123.2k $1.3m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 100.0k $1.0m | Reduced -100.0k |
| NEXPOINT ASSET MANAGEMENT, L.P. 0.07% of their portfolio | 100.0k $1.0m | Unchanged |
| STEADFAST CAPITAL MANAGEMENT LP 0.01% of their portfolio | 75.0k $765.0k | Unchanged |
| HRT FINANCIAL LP 0.00% of their portfolio | 25.0k $254.0k | Unchanged |
| Clear Street Group Inc. 0.00% of their portfolio | 10.6k $107.8k | Reduced -288.1k |
| TORONTO DOMINION BANK 0.00% of their portfolio | 5.0k $51.0k | Unchanged |
| GLAZER CAPITAL, LLC 0.00% of their portfolio | 582 $6.0k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 300 $3.0k | New |