Vault-13

PANTAGES CAPITAL ACQUISITION PGAC

ORD SHS CL A · Common Stock · CUSIP G8089R100

14 institutional holders -12 vs Q1 2026
3,099,5343.1m shares reported held*
$32.7mreported value*
0 new 1 added 12 reduced 12 sold out net sold ≈ $46.9m (-4.4m 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 ≈ $10.56.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0102030Q1 25: 20Q2 25: 24Q3 25: 28Q4 25: 26Q1 26: 26Q2 26: 1414Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q1 202520
Q2 202524
Q3 202528
Q4 202526
Q1 202626
Q2 202614

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q2 25: 13 bought or addedQ2 25: 4 cut or sold outQ2 25Q3 25: 10 bought or addedQ3 25: 6 cut or sold outQ3 25Q4 25: 8 bought or addedQ4 25: 7 cut or sold outQ4 25Q1 26: 10 bought or addedQ1 26: 11 cut or sold outQ1 26Q2 26: 1 bought or addedQ2 26: 24 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q2 2025134
Q3 2025106
Q4 202587
Q1 20261011
Q2 2026124

Biggest buyers

MIZUHO SECURITIES USA LLC Added +205,000+205.0k

Biggest sellers

Polar Asset Management Partners Inc. Reduced -675,000-675.0k
BERKLEY W R CORP Reduced -625,795-625.8k
WOLVERINE ASSET MANAGEMENT LLC Reduced -558,545-558.5k
RIVERNORTH CAPITAL MANAGEMENT, LLC Sold out -450,000-450.0k
Westchester Capital Management, LLC Sold out -443,000-443.0k
D. E. Shaw & Co., Inc. Sold out -325,000-325.0k
AQR Arbitrage LLC Reduced -307,001-307.0k
Radcliffe Capital Management, L.P. Sold out -229,090-229.1k
GLAZER CAPITAL, LLC Sold out -198,779-198.8k
GABELLI & Co INVESTMENT ADVISERS, INC. Sold out -153,200-153.2k

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
Karpus Management, Inc. 13G · institution +7.9 pts · filed 2026-09-04 16.0% +7.9 pts 820.3k≈ $8.7m 2026-09-04
Hudson Bay Capital Management LP 13G · institution new · filed 2026-07-02 13.3% new 395.6k≈ $4.2m 2026-07-02
Feis Equities LLC 13G · passive investor -0.1 pts · filed 2026-02-02 9.3% -0.1 pts 822.4k≈ $8.7m 2026-02-02
BERKLEY W R CORP 13G · institution -1.6 pts · filed 2026-08-06 8.3% -1.6 pts 248.6k≈ $2.6m 2026-08-06
MIZUHO FINANCIAL GROUP INC 13G · institution -1.7 pts · filed 2026-08-13 6.9% -1.7 pts 205.0k≈ $2.2m 2026-08-13
WOLVERINE ASSET MANAGEMENT LLC 13G · institution -1.1 pts · filed 2026-10-06 6.6% -1.1 pts 196.1k≈ $2.1m 2026-10-06
AQR CAPITAL MANAGEMENT LLC 13G · institution -1.8 pts · filed 2025-05-14 6.1% -1.8 pts 542.6k≈ $5.8m 2025-05-14

Fell to 5% or below in the last year: BANK OF MONTREAL /CAN/ (0.0%, 2026-02-12), BARCLAYS PLC (3.8%, 2026-02-11)

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 MIZUHO SECURITIES USA LLC 0.10% of their portfolio NEW YORK, NY 963,757963.8k $10.1m $10.1m 0.10% Added +205.0k +205,000
2 Karpus Management, Inc. 0.25% of their portfolio Pittsford, NY 820,275820.3k $8.7m $8.7m 0.25% Reduced -11.2k -11,225
3 Hudson Bay Capital Management LP 0.02% of their portfolio STAMFORD, CT 395,572395.6k $4.2m $4.2m 0.02% Unchanged
4 BERKLEY W R CORP 0.13% of their portfolio Greenwich, CT 248,616248.6k $2.6m $2.6m 0.13% Reduced -625.8k -625,795
5 AQR Arbitrage LLC 0.03% of their portfolio Greenwich, CT 201,934201.9k $2.1m $2.1m 0.03% Reduced -307.0k -307,001
6 WOLVERINE ASSET MANAGEMENT LLC 0.03% of their portfolio CHICAGO, IL 200,000200.0k $2.1m $2.1m 0.03% Reduced -558.5k -558,545
7 HEIGHTS CAPITAL MANAGEMENT, INC 0.16% of their portfolio SAN FRANCISCO, CA 63,67363.7k $675.6k $675.6k 0.16% Reduced -1.3k -1,327
8 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 62,17762.2k $660.9k $660.9k 0.00% Reduced -95.2k -95,216
9 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 55,87455.9k $593.9k $593.9k 0.00% Reduced -14.4k -14,388
10 Shaolin Capital Management LLC 0.03% of their portfolio Miami, FL 42,97543.0k $456.8k $456.8k 0.03% Reduced -107.0k -107,025
11 Polar Asset Management Partners Inc. 0.00% of their portfolio TORONTO, A6 25,00025.0k $265.8k $265.8k 0.00% Reduced -675.0k -675,000
12 Meteora Capital, LLC 0.01% of their portfolio Boca Raton, FL 10,99511.0k $116.9k $116.9k 0.01% Reduced -3.0k -3,048
13 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 8,6168.6k $91.4k $91.4k 0.00% Reduced -13.2k -13,194
14 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 7070 $744 $744 0.00% Reduced -7 -7