MELAR ACQUISITION CORP. I MACI
SHS CL A · Common Stock · CUSIP G6004G100
- SectorIndustrials
- IndustryServices-Business Services, NEC
- HeadquartersNew York, NY
- 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 ($1.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.23.
Trends to Q1 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2024 | 31 |
| Q4 2024 | 35 |
| Q1 2025 | 34 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2024 | 12 | 13 |
| Q1 2025 | 11 | 10 |
Biggest buyers
| WOLVERINE ASSET MANAGEMENT LLC | Added | +866.8k |
| Westchester Capital Management, LLC | New | +524.7k |
| Cable Car Capital, LP | New | +492.5k |
| GLAZER CAPITAL, LLC | Added | +185.0k |
| BERKLEY W R CORP | Added | +124.3k |
| Karpus Management, Inc. | Added | +122.8k |
| MIZUHO SECURITIES USA LLC | Added | +92.8k |
| TORONTO DOMINION BANK | Added | +53.9k |
| GEODE CAPITAL MANAGEMENT, LLC | New | +20.4k |
| UBS Group AG | New | +2.2k |
Biggest sellers
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | Sold out | -1.5m |
| Bulldog Investors, LLP | Sold out | -150.0k |
| GRITSTONE ASSET MANAGEMENT LLC | Sold out | -92.0k |
| AQR Arbitrage LLC | Reduced | -65.0k |
| Virtu Financial LLC | Reduced | -50.9k |
| FIR TREE CAPITAL MANAGEMENT LP | Sold out | -30.5k |
| Wealthspring Capital LLC | Reduced | -19.9k |
| Tidal Investments LLC | Sold out | -13.4k |
| ROBINSON CAPITAL MANAGEMENT, LLC | Sold out | -13.4k |
| Schechter Investment Advisors, LLC | Reduced | -13.4k |
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 |
|---|---|
| Melar Acquisition Sponsor I LLC 13G · exempt (held before listing) new · filed 2025-02-13 | 26.0% |
| Karpus Management, Inc. 13G · institution +5.5 pts · filed 2026-07-07 | 10.1% |
| BERKLEY W R CORP 13G · institution +2.9 pts · filed 2026-08-06 | 8.3% |
| LMR Partners LLP 13G · institution filed 2026-08-14 | 7.8% |
| METEORA CAPITAL, LLC 13G · institution new · filed 2025-08-14 | 6.9% |
Fell to 5% or below in the last year: First Trust Capital Management L.P. (2.5%, 2026-08-14), AQR CAPITAL MANAGEMENT LLC (3.4%, 2026-08-13), MIZUHO FINANCIAL GROUP INC (0.0%, 2026-08-13), WOLVERINE ASSET MANAGEMENT LLC (0.0%, 2026-07-02), BARCLAYS PLC (3.6%, 2026-05-14), BANK OF MONTREAL /CAN/ (0.0%, 2026-01-08)
Insider purchases and sales in Q1 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.
None reported in Q1 2025.
Holders, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| Karpus Management, Inc. 0.54% of their portfolio | 1.6m $16.7m | Added +122.8k |
| First Trust Capital Management L.P. 1.17% of their portfolio | 1.6m $16.2m | Unchanged |
| Polar Asset Management Partners Inc. 0.50% of their portfolio | 1.5m $15.2m | Unchanged |
| LMR Partners LLP 0.31% of their portfolio | 1.5m $15.2m | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.24% of their portfolio | 1.2m $12.2m | Added +866.8k |
| AQR Arbitrage LLC 0.25% of their portfolio | 1.0m $10.4m | Reduced -65.0k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 576.3k $5.9m | Unchanged |
| GLAZER CAPITAL, LLC 0.27% of their portfolio | 562.6k $5.8m | Added +185.0k |
| Westchester Capital Management, LLC 0.31% of their portfolio | 524.7k $5.4m | New |
| Cable Car Capital, LP 5.72% of their portfolio | 492.5k $5.0m | New |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio | 400.0k $4.1m | Unchanged |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 375.0k $3.8m | Unchanged |
| Hudson Bay Capital Management LP 0.02% of their portfolio | 325.0k $3.3m | Unchanged |
| PICTON MAHONEY ASSET MANAGEMENT 0.11% of their portfolio | 325.0k $3.3m | Unchanged |
| BERKLEY W R CORP 0.24% of their portfolio | 323.4k $3.3m | Added +124.3k |
| Schechter Investment Advisors, LLC 0.26% of their portfolio | 312.7k $3.2m | Reduced -13.4k |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.16% of their portfolio | 300.0k $3.1m | Unchanged |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 299.3k $3.1m | Unchanged |
| Periscope Capital Inc. 1.14% of their portfolio | 200.0k $2.1m | Unchanged |
| Wealthspring Capital LLC 2.57% of their portfolio | 163.1k $1.7m | Reduced -19.9k |
| MIZUHO SECURITIES USA LLC 0.03% of their portfolio | 126.8k $1.3m | Added +92.8k |
| HEIGHTS CAPITAL MANAGEMENT, INC 0.49% of their portfolio | 100.0k $1.0m | Unchanged |
| DELTEC ASSET MANAGEMENT LLC 0.22% of their portfolio | 100.0k $1.0m | Unchanged |
| MOORE CAPITAL MANAGEMENT, LP 0.03% of their portfolio | 75.0k $767.2k | Unchanged |
| TORONTO DOMINION BANK 0.00% of their portfolio | 69.0k $706.3k | Added +53.9k |
| Schonfeld Strategic Advisors LLC 0.00% of their portfolio | 50.0k $513.0k | Unchanged |
| Virtu Financial LLC 0.03% of their portfolio | 47.6k $487.0k | Reduced -50.9k |
| Dakota Wealth Management 0.01% of their portfolio | 39.0k $399.0k | Unchanged |
| Tuttle Capital Management, LLC 1.57% of their portfolio | 35.0k $358.1k | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 20.4k $209.0k | New |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC 0.02% of their portfolio | 7.5k $76.9k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 2.2k $22.9k | New |
| MORGAN STANLEY 0.00% of their portfolio | 14 $143 | New |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. — of their portfolio | 0 $0 | Unchanged |