Vault-13

NEW PROVIDENCE ACQUISITION C NPAC

USD CL A ORD SHS · Common Stock · CUSIP G6476A102

56 institutional holders -3 vs Q1 2026
28,933,05528.9m shares reported held*
$300.3mreported value*
3 new 15 added 11 reduced 6 sold out net bought ≈ $1.2m (+115.8k 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 ≈ $10.38.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q2 25: 31Q3 25: 50Q4 25: 55Q1 26: 59Q2 26: 5656Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q2 202531
Q3 202550
Q4 202555
Q1 202659
Q2 202656

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 25: 32 bought or addedQ3 25: 7 cut or sold outQ3 25Q4 25: 16 bought or addedQ4 25: 14 cut or sold outQ4 25Q1 26: 22 bought or addedQ1 26: 20 cut or sold outQ1 26Q2 26: 18 bought or addedQ2 26: 17 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2025327
Q4 20251614
Q1 20262220
Q2 20261817

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10k$20k$30kQ3 25 calls: $29.3kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —Q1 26 calls: $0Q1 26 puts: $0Q1 26P/C —Q2 26 calls: $0Q2 26 puts: $0Q2 26P/C —
Numbers
QuarterCallsPutsP/C
Q3 2025$29.3k$00.00
Q4 2025$0$0—
Q1 2026$0$0—
Q2 2026$0$0—

Biggest buyers

BERKLEY W R CORP Added +534,113+534.1k
GLAZER CAPITAL, LLC Added +470,970+471.0k
D. E. Shaw & Co., Inc. Added +322,861+322.9k
Hudson Bay Capital Management LP Added +222,858+222.9k
Clear Street Group Inc. New +190,052+190.1k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Added +119,758+119.8k
WOLVERINE ASSET MANAGEMENT LLC Added +85,518+85.5k
Polar Asset Management Partners Inc. Added +50,000+50.0k
Schonfeld Strategic Advisors LLC Added +26,059+26.1k
Periscope Capital Inc. Added +25,000+25.0k

Biggest sellers

HGC Investment Management Inc. Reduced -350,000-350.0k
TORONTO DOMINION BANK Sold out -350,000-350.0k
Centiva Capital, LP Sold out -299,998-300.0k
AQR Arbitrage LLC Reduced -210,269-210.3k
DLD Asset Management, LP Reduced -184,314-184.3k
Meteora Capital, LLC Reduced -146,862-146.9k
UBS Group AG Reduced -115,347-115.3k
K2 PRINCIPAL FUND, L.P. Sold out -89,644-89.6k
Baird Financial Group, Inc. Sold out -78,780-78.8k
Wealthspring Capital LLC Reduced -59,526-59.5k

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
NEW PROVIDENCE HOLDINGS III, LLC 13D · may seek influence new · filed 2025-05-02
Stated purposeIn connection with the organization of the Issuer, on December 4, 2024, 5,750,000 Class B Ordinary Shares (the "Founder Shares") were purchased by the Sponsor for the amount of $25,000, pursuant to a Securities Subscription Agreement, dated as of December 4, 2024, by and between the Sponsor and the Issuer (the "Founder Share Purchase Agreement"), as more fully described in Item 6 of this Schedule 13D which information is incorporated herein by reference. In March 2025, the Issuer effected a share capitalization, resulting in the Sponsor holding an aggregate of 7,503,750 founder shares. On April 25, 2025, simultaneously with the consummation of the Issuer's Initial Public Offering (the "IPO"), the Sponsor purchased 611,075 units ("Placement Units") of the Issuer at $10.00 per Placement Uni… Full filing
 21.1% new 8.1m≈ $84.2m 2025-05-02
MMCAP International Inc. SPC 13G · passive investor no change · filed 2026-02-13 7.1% no change 2.2m≈ $22.8m 2026-02-13
Magnetar Financial LLC 13G · institution new · filed 2025-08-08 5.7% new 1.8m≈ $18.2m 2025-08-08

Fell to 5% or below in the last year: AQR CAPITAL MANAGEMENT LLC (4.6%, 2026-08-12), HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND (2.2%, 2026-02-13)

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: 1 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 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 20251$6.1m0——
Q3 20250—0——
Q4 20250—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 MMCAP International Inc. SPC 1.94% of their portfolio GRAND CAYMAN, E9 2,200,0002.2m $22.8m $22.8m 1.94% Unchanged
2 Magnetar Financial LLC 0.17% of their portfolio EVANSTON, IL 1,749,9901.7m $18.2m $18.2m 0.17% Unchanged
3 GLAZER CAPITAL, LLC 0.39% of their portfolio New York, NY 1,521,5331.5m $15.8m $15.8m 0.39% Added +471.0k +470,970
4 TENOR CAPITAL MANAGEMENT Co., L.P. 0.22% of their portfolio NEW YORK, NY 1,500,0001.5m $15.6m $15.6m 0.22% Unchanged
5 AQR Arbitrage LLC 0.21% of their portfolio Greenwich, CT 1,409,7781.4m $14.6m $14.6m 0.21% Reduced -210.3k -210,269
6 Alberta Investment Management Corp 0.07% of their portfolio EDMONTON, A0 1,250,0001.2m $13.0m $13.0m 0.07% Unchanged
7 ARISTEIA CAPITAL, L.L.C. 0.20% of their portfolio GREENWICH, CT 1,200,0001.2m $12.5m $12.5m 0.20% Unchanged
8 Linden Advisors LP 0.06% of their portfolio New York, NY 1,200,0001.2m $12.5m $12.5m 0.06% Unchanged
9 LMR Partners LLP 0.09% of their portfolio LONDON, X0 1,200,0001.2m $12.5m $12.5m 0.09% Unchanged
10 BERKLEY W R CORP 0.60% of their portfolio Greenwich, CT 1,179,5421.2m $12.2m $12.2m 0.60% Added +534.1k +534,113
11 Westchester Capital Management, LLC 0.59% of their portfolio VALHALLA, NY 1,128,9991.1m $11.7m $11.7m 0.59% Unchanged
12 PICTON MAHONEY ASSET MANAGEMENT 0.10% of their portfolio Toronto, A6 1,014,9991.0m $10.5m $10.5m 0.10% Added +15.0k +15,000
13 Ghisallo Capital Management LLC 0.20% of their portfolio BOSTON, MA 1,000,0001.0m $10.4m $10.4m 0.20% Unchanged
14 Hudson Bay Capital Management LP 0.05% of their portfolio STAMFORD, CT 927,733927.7k $9.6m $9.6m 0.05% Added +222.9k +222,858
15 Governors Lane LP 0.91% of their portfolio NEW YORK, NY 874,820874.8k $9.1m $9.1m 0.91% Unchanged
16 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 689,999690.0k $7.2m $7.2m 0.01% Unchanged
17 Radcliffe Capital Management, L.P. 0.53% of their portfolio BALA CYNWYD, PA 665,376665.4k $6.9m $6.9m 0.53% Unchanged
18 Wealthspring Capital LLC 1.24% of their portfolio WEST HARRISON, NY 534,255534.3k $5.5m $5.5m 1.24% Reduced -59.5k -59,526
19 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 512,330512.3k $5.3m $5.3m 0.00% Reduced -19 -19
20 WHITEBOX ADVISORS LLC 0.08% of their portfolio MINNEAPOLIS, MN 500,000500.0k $5.2m $5.2m 0.08% Unchanged
21 Mint Tower Capital Management B.V. 0.61% of their portfolio AMSTERDAM, P7 500,000500.0k $5.2m $5.2m 0.61% Unchanged
22 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 493,450493.4k $5.1m $5.1m 0.00% Added +40 +40
23 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.17% of their portfolio NEW YORK, NY 487,903487.9k $5.1m $5.1m 0.17% Added +119.8k +119,758
24 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 422,861422.9k $4.4m $4.4m 0.00% Added +322.9k +322,861
25 Schonfeld Strategic Advisors LLC 0.02% of their portfolio NEW YORK, NY 400,000400.0k $4.2m $4.2m 0.02% Added +26.1k +26,059
26 SONA ASSET MANAGEMENT (US) LLC 0.14% of their portfolio NEW YORK, NY 366,183366.2k $3.8m $3.8m 0.14% Unchanged
27 Verition Fund Management LLC 0.03% of their portfolio GREENWICH, CT 353,066353.1k $3.7m $3.7m 0.03% Unchanged
28 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.02% of their portfolio HARRISBURG, PA 350,000350.0k $3.6m $3.6m 0.02% Unchanged
29 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.16% of their portfolio WEST PALM BEACH, FL 324,999325.0k $3.4m $3.4m 0.16% Unchanged
30 WOLVERINE ASSET MANAGEMENT LLC 0.04% of their portfolio CHICAGO, IL 303,075303.1k $3.1m $3.1m 0.04% Added +85.5k +85,518
31 MOORE CAPITAL MANAGEMENT, LP 0.07% of their portfolio NEW YORK, NY 300,000300.0k $3.1m $3.1m 0.07% Unchanged
32 Periscope Capital Inc. 0.50% of their portfolio Toronto, A6 300,000300.0k $3.1m $3.1m 0.50% Added +25.0k +25,000
33 Polar Asset Management Partners Inc. 0.05% of their portfolio TORONTO, A6 250,000250.0k $2.6m $2.6m 0.05% Added +50.0k +50,000
34 Quarry LP 0.41% of their portfolio NEW YORK, NY 250,000250.0k $2.6m $2.6m 0.41% Unchanged
35 RLH Capital LLC 1.24% of their portfolio Great Neck, NY 250,000250.0k $2.6m $2.6m 1.24% Unchanged
36 O'Connor Alternative Investments LLC 0.19% of their portfolio NEW YORK, NY 250,000250.0k $2.6m $2.6m 0.19% Unchanged
37 Clear Street Group Inc. 0.01% of their portfolio NEW YORK, NY 190,052190.1k $2.0m $2.0m 0.01% New
38 Meteora Capital, LLC 0.13% of their portfolio Boca Raton, FL 150,947150.9k $1.6m $1.6m 0.13% Reduced -146.9k -146,862
39 Shaolin Capital Management LLC 0.06% of their portfolio Miami, FL 105,050105.0k $1.1m $1.1m 0.06% Reduced -45.0k -44,950
40 Context Capital Management, LLC 0.02% of their portfolio LAJOLLA, CA 100,000100.0k $1.0m $1.0m 0.02% Unchanged
41 HGC Investment Management Inc. 0.20% of their portfolio TORONTO, A6 100,000100.0k $1.0m $1.0m 0.20% Reduced -350.0k -350,000
42 DELTEC ASSET MANAGEMENT LLC 0.11% of their portfolio New York, NY 75,00075.0k $778.6k $778.6k 0.11% Unchanged
43 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 74,28474.3k $771.1k $771.1k 0.00% Unchanged
44 HEIGHTS CAPITAL MANAGEMENT, INC 0.12% of their portfolio SAN FRANCISCO, CA 50,00050.0k $519.0k $519.0k 0.12% Unchanged
45 PenderFund Capital Management Ltd. 0.05% of their portfolio VANCOUVER, A1 37,60037.6k $390.3k $390.3k 0.05% Added +24.9k +24,900
46 UBS Group AG 0.00% of their portfolio ZURICH, V8 36,91236.9k $383.2k $383.2k 0.00% Reduced -115.3k -115,347
47 DLD Asset Management, LP 0.03% of their portfolio NEW YORK, NY 35,19635.2k $365.4k $365.4k 0.03% Reduced -184.3k -184,314
48 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 23,40123.4k $242.0k $242.0k 0.00% Reduced -12.6k -12,592
49 Tuttle Capital Management, LLC 0.14% of their portfolio RIVERSIDE, CT 20,00020.0k $207.6k $207.6k 0.14% New
50 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 18,01018.0k $186.9k $186.9k 0.00% Added +1.3k +1,253
51 TrueMark Investments, LLC 0.02% of their portfolio CHICAGO, IL 14,20914.2k $147.5k $147.5k 0.02% Reduced -391 -391
52 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 13,33513.3k $138.4k $138.4k 0.00% Added +2.5k +2,516
53 JONES FINANCIAL COMPANIES LLLP 0.00% of their portfolio DES PERES, MO 12,13912.1k $126.0k $126.0k 0.00% Added +9.7k +9,696
54 Kepos Capital LP 0.15% of their portfolio NEW YORK, NY 10,89910.9k $113.0k $113.0k 0.15% Unchanged
55 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 5,0975.1k $52.9k $52.9k 0.00% New
56 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 3333 $343 $343 0.00% Reduced -28 -28