Vault-13

LAUNCH TWO ACQUISITION CORP. LPBB

ORD SHS CL A · Common Stock · CUSIP G5S87A105

51 institutional holders +1 vs Q1 2026
22,920,52622.9m shares reported held*
$245.6mreported value*
3 new 7 added 14 reduced 2 sold out net bought ≈ $4.1m (+384.6k 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 ≈ $10.72.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q4 24: 29Q1 25: 41Q2 25: 46Q3 25: 44Q4 25: 45Q1 26: 50Q2 26: 5151Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q4 202429
Q1 202541
Q2 202546
Q3 202544
Q4 202545
Q1 202650
Q2 202651

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q1 25: 23 bought or addedQ1 25: 8 cut or sold outQ1 25Q2 25: 18 bought or addedQ2 25: 14 cut or sold outQ2 25Q3 25: 7 bought or addedQ3 25: 14 cut or sold outQ3 25Q4 25: 9 bought or addedQ4 25: 10 cut or sold outQ4 25Q1 26: 11 bought or addedQ1 26: 13 cut or sold outQ1 26Q2 26: 10 bought or addedQ2 26: 16 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q1 2025238
Q2 20251814
Q3 2025714
Q4 2025910
Q1 20261113
Q2 20261016

Biggest buyers

MIZUHO SECURITIES USA LLC Added +1,081,007+1.1m
HIGHBRIDGE CAPITAL MANAGEMENT LLC Added +512,617+512.6k
StoneX Group Inc. New +138,961+139.0k
TORONTO DOMINION BANK Added +120,000+120.0k
BERKLEY W R CORP Added +31,217+31.2k
ROBINSON CAPITAL MANAGEMENT, LLC New +15,250+15.2k
Schonfeld Strategic Advisors LLC Added +6,520+6.5k
Arax Advisory Partners New +1,000+1.0k
WOLVERINE ASSET MANAGEMENT LLC Added +328+328
Cannon Global Investment Management, LLC Added +200+200

Biggest sellers

Meteora Capital, LLC Reduced -1,151,810-1.2m
AQR Arbitrage LLC Reduced -142,500-142.5k
CSS LLC/IL Reduced -65,409-65.4k
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Reduced -64,549-64.5k
Shaolin Capital Management LLC Reduced -30,626-30.6k
ABC ARBITRAGE SA Sold out -20,000-20.0k
Periscope Capital Inc. Reduced -16,300-16.3k
GLAZER CAPITAL, LLC Reduced -9,780-9.8k
MILLENNIUM MANAGEMENT LLC Reduced -9,522-9.5k
UBS Group AG Sold out -5,501-5.5k

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
Launch Two Sponsor LLC 13G · exempt (held before listing) new · filed 2025-02-10 20.0% new 5.8m≈ $61.6m 2025-02-10
AQR CAPITAL MANAGEMENT LLC 13G · institution -1.5 pts · filed 2025-05-14 6.6% -1.5 pts 1.5m≈ $16.3m 2025-05-14
Linden Capital L.P. 13G · passive investor new · filed 2025-08-13 5.6% new 1.3m≈ $13.9m 2025-08-13

Fell to 5% or below in the last year: METEORA CAPITAL, LLC (1.1%, 2026-08-14), BARCLAYS PLC (5.0%, 2026-08-13), GOLDMAN SACHS GROUP INC (3.8%, 2026-08-13), BANK OF NOVA SCOTIA (0.1%, 2026-01-27)

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.

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Magnetar Financial LLC 0.19% of their portfolio EVANSTON, IL 1,980,0002.0m $21.2m $21.2m 0.19% Unchanged
2 MIZUHO SECURITIES USA LLC 0.15% of their portfolio NEW YORK, NY 1,488,3491.5m $15.8m $15.8m 0.15% Added +1.1m +1,081,007
3 AQR Arbitrage LLC 0.21% of their portfolio Greenwich, CT 1,345,4941.3m $14.4m $14.4m 0.21% Reduced -142.5k -142,500
4 Linden Advisors LP 0.07% of their portfolio New York, NY 1,296,8001.3m $13.9m $13.9m 0.07% Unchanged
5 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 1,138,5001.1m $12.2m $12.2m 0.01% Unchanged
6 LMR Partners LLP 0.08% of their portfolio LONDON, X0 1,000,0001.0m $10.7m $10.7m 0.08% Unchanged
7 Alberta Investment Management Corp 0.06% of their portfolio EDMONTON, A0 980,000980.0k $10.5m $10.5m 0.06% Unchanged
8 Mint Tower Capital Management B.V. 1.24% of their portfolio AMSTERDAM, P7 980,000980.0k $10.5m $10.5m 1.24% Unchanged
9 Westchester Capital Management, LLC 0.51% of their portfolio VALHALLA, NY 950,000950.0k $10.2m $10.2m 0.51% Unchanged
10 BERKLEY W R CORP 0.45% of their portfolio Greenwich, CT 847,934847.9k $9.1m $9.1m 0.45% Added +31.2k +31,217
11 PICTON MAHONEY ASSET MANAGEMENT 0.08% of their portfolio Toronto, A6 800,000800.0k $8.6m $8.6m 0.08% Unchanged
12 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 716,018716.0k $7.7m $7.7m 0.00% Unchanged
13 GLAZER CAPITAL, LLC 0.19% of their portfolio New York, NY 711,515711.5k $7.6m $7.6m 0.19% Reduced -9.8k -9,780
14 Verition Fund Management LLC 0.05% of their portfolio GREENWICH, CT 656,395656.4k $7.0m $7.0m 0.05% Reduced -3.4k -3,381
15 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.23% of their portfolio NEW YORK, NY 628,029628.0k $6.7m $6.7m 0.23% Added +512.6k +512,617
16 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.29% of their portfolio WEST PALM BEACH, FL 563,656563.7k $6.1m $6.1m 0.29% Reduced -368 -368
17 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 500,000500.0k $5.4m $5.4m 0.00% Unchanged
18 Polar Asset Management Partners Inc. 0.10% of their portfolio TORONTO, A6 499,900499.9k $5.4m $5.4m 0.10% Unchanged
19 TENOR CAPITAL MANAGEMENT Co., L.P. 0.07% of their portfolio NEW YORK, NY 489,947489.9k $5.3m $5.3m 0.07% Unchanged
20 MMCAP International Inc. SPC 0.44% of their portfolio GRAND CAYMAN, E9 480,000480.0k $5.1m $5.1m 0.44% Unchanged
21 Radcliffe Capital Management, L.P. 0.33% of their portfolio BALA CYNWYD, PA 404,653404.7k $4.3m $4.3m 0.33% Unchanged
22 Yakira Capital Management, Inc. 1.25% of their portfolio Westport, CT 396,227396.2k $4.2m $4.2m 1.25% Unchanged
23 WHITEBOX ADVISORS LLC 0.06% of their portfolio MINNEAPOLIS, MN 350,000350.0k $3.8m $3.8m 0.06% Unchanged
24 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 300,000300.0k $3.2m $3.2m 0.01% Added +120.0k +120,000
25 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 285,451285.5k $3.1m $3.1m 0.01% Reduced -64.5k -64,549
26 CSS LLC/IL 0.13% of their portfolio CHICAGO, IL 263,211263.2k $2.8m $2.8m 0.13% Reduced -65.4k -65,409
27 Hudson Bay Capital Management LP 0.01% of their portfolio STAMFORD, CT 251,061251.1k $2.7m $2.7m 0.01% Reduced -200 -200
28 Meteora Capital, LLC 0.22% of their portfolio Boca Raton, FL 249,300249.3k $2.7m $2.7m 0.22% Reduced -1.2m -1,151,810
29 Periscope Capital Inc. 0.42% of their portfolio Toronto, A6 247,300247.3k $2.7m $2.7m 0.42% Reduced -16.3k -16,300
30 Karpus Management, Inc. 0.08% of their portfolio Pittsford, NY 244,400244.4k $2.6m $2.6m 0.08% Reduced -2.0k -2,000
31 WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio CHICAGO, IL 235,196235.2k $2.5m $2.5m 0.03% Added +328 +328
32 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 190,478190.5k $2.0m $2.0m 0.00% Reduced -9.5k -9,522
33 L1 Global Manager Pty Ltd 1.52% of their portfolio Melbourne, C3 175,000175.0k $1.9m $1.9m 1.52% Unchanged
34 Wealthspring Capital LLC 0.40% of their portfolio WEST HARRISON, NY 167,634167.6k $1.8m $1.8m 0.40% Unchanged
35 DELTEC ASSET MANAGEMENT LLC 0.24% of their portfolio New York, NY 150,000150.0k $1.6m $1.6m 0.24% Unchanged
36 GRITSTONE ASSET MANAGEMENT LLC 1.51% of their portfolio Bethesda, MD 146,820146.8k $1.6m $1.6m 1.51% Unchanged
37 StoneX Group Inc. 0.06% of their portfolio NEW YORK, NY 138,961139.0k $1.5m $1.5m 0.06% New
38 Context Capital Management, LLC 0.03% of their portfolio LAJOLLA, CA 125,000125.0k $1.3m $1.3m 0.03% Unchanged
39 Shaolin Capital Management LLC 0.07% of their portfolio Miami, FL 119,374119.4k $1.3m $1.3m 0.07% Reduced -30.6k -30,626
40 MOORE CAPITAL MANAGEMENT, LP 0.02% of their portfolio NEW YORK, NY 100,000100.0k $1.1m $1.1m 0.02% Unchanged
41 SONA ASSET MANAGEMENT (US) LLC 0.04% of their portfolio NEW YORK, NY 100,000100.0k $1.1m $1.1m 0.04% Unchanged
42 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 69,31669.3k $743.1k $743.1k 0.00% Reduced -500 -500
43 Kepos Capital LP 0.73% of their portfolio NEW YORK, NY 50,00050.0k $536.0k $536.0k 0.73% Unchanged
44 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 25,00025.0k $268.0k $268.0k 0.00% Added +6.5k +6,520
45 READYSTATE ASSET MANAGEMENT LP 0.01% of their portfolio CHICAGO, IL 25,00025.0k $268.0k $268.0k 0.01% Unchanged
46 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 16,59816.6k $177.9k $177.9k 0.00% Unchanged
47 ROBINSON CAPITAL MANAGEMENT, LLC 0.07% of their portfolio GROSSE POINTE FARMS, MI 15,25015.2k $163.5k $163.5k 0.07% New
48 DLD Asset Management, LP 0.01% of their portfolio NEW YORK, NY 12,90912.9k $138.4k $138.4k 0.01% Unchanged
49 Cannon Global Investment Management, LLC 0.41% of their portfolio DAVIE, FL 12,80012.8k $137.2k $137.2k 0.41% Added +200 +200
50 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 1,0001.0k $10.7k $10.7k 0.00% New
51 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 5050 $536 $536 0.00% Reduced -21 -21