Vault-13

SIZZLE ACQUISITION CORP. II SZZL

USD CL A ORD SHS · Common Stock · CUSIP G8193F109

57 institutional holders +2 vs Q1 2026
22,892,99022.9m shares reported held*
$237.2mreported value*
8 new 10 added 11 reduced 6 sold out net bought ≈ $14.6m (+1.4m 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 ($7.2m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $10.36.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q2 25: 42Q3 25: 46Q4 25: 48Q1 26: 55Q2 26: 5757Q2 25Q3 25Q4 25Q1 26Q2 26
Numbers
QuarterHolders
Q2 202542
Q3 202546
Q4 202548
Q1 202655
Q2 202657

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 25: 15 bought or addedQ3 25: 11 cut or sold outQ3 25Q4 25: 10 bought or addedQ4 25: 12 cut or sold outQ4 25Q1 26: 16 bought or addedQ1 26: 13 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 20251511
Q4 20251012
Q1 20261613
Q2 20261817

Biggest buyers

Crossingbridge Advisors, LLC Added +800,800+800.8k
GLAZER CAPITAL, LLC Added +780,533+780.5k
RiverPark Advisors, LLC New +690,800+690.8k
BERKLEY W R CORP Added +446,680+446.7k
Mint Tower Capital Management B.V. New +199,600+199.6k
Wealthspring Capital LLC Added +179,837+179.8k
HIGHBRIDGE CAPITAL MANAGEMENT LLC New +163,062+163.1k
Clear Street Group Inc. New +155,288+155.3k
CANTOR FITZGERALD, L. P. New +103,440+103.4k
StoneX Group Inc. New +50,000+50.0k

Biggest sellers

RIVERNORTH CAPITAL MANAGEMENT, LLC Sold out -497,500-497.5k
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Sold out -400,000-400.0k
Westchester Capital Management, LLC Reduced -386,465-386.5k
Shaolin Capital Management LLC Reduced -232,874-232.9k
Centiva Capital, LP Sold out -200,000-200.0k
MILLENNIUM MANAGEMENT LLC Reduced -149,480-149.5k
AQR Arbitrage LLC Reduced -123,917-123.9k
Parallax Volatility Advisers, L.P. Sold out -85,411-85.4k
Periscope Capital Inc. Reduced -75,000-75.0k
UBS Group AG Sold out -39,274-39.3k

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
VO Sponsor II LLC 13D · may seek influence new · filed 2025-04-10
Stated purposeIn connection with the organization of the Issuer, on July 16, 2024, 7,666,667 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 July 16, 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. On April 3, 2025, simultaneously with the consummation of the Issuer's Initial Public Offering (the "IPO"), the Sponsor purchased 400,000 units ("Placement Units") of the Issuer at $10.00 per Placement Unit, pursuant to a Private Placement Units Purchase Agreement, dated as of April 1, 2025, by and between the Issuer and the Sponsor (the "Placem… Full filing
 25.8% new 8.1m≈ $83.6m 2025-04-10
Magnetar Financial LLC 13G · institution new · filed 2025-08-08 7.4% new 1.8m≈ $18.1m 2025-08-08

Fell to 5% or below in the last year: Westchester Capital Management, LLC (5.0%, 2026-08-14), AQR CAPITAL MANAGEMENT LLC (4.8%, 2026-08-12), BARCLAYS PLC (4.2%, 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 TENOR CAPITAL MANAGEMENT Co., L.P. 0.26% of their portfolio NEW YORK, NY 1,750,0001.8m $18.1m $18.1m 0.26% Unchanged
2 Magnetar Financial LLC 0.17% of their portfolio EVANSTON, IL 1,750,0001.8m $18.1m $18.1m 0.17% Unchanged
3 Westchester Capital Management, LLC 0.61% of their portfolio VALHALLA, NY 1,175,2801.2m $12.2m $12.2m 0.61% Reduced -386.5k -386,465
4 AQR Arbitrage LLC 0.17% of their portfolio Greenwich, CT 1,131,0301.1m $11.7m $11.7m 0.17% Reduced -123.9k -123,917
5 ARISTEIA CAPITAL, L.L.C. 0.17% of their portfolio GREENWICH, CT 1,050,0001.1m $10.9m $10.9m 0.17% Unchanged
6 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 990,000990.0k $10.3m $10.3m 0.01% Unchanged
7 GLAZER CAPITAL, LLC 0.25% of their portfolio New York, NY 969,557969.6k $10.0m $10.0m 0.25% Added +780.5k +780,533
8 Crossingbridge Advisors, LLC 1.77% of their portfolio PLEASANTVILLE, NY 964,954965.0k $10.0m $10.0m 1.77% Added +800.8k +800,800
9 WOLVERINE ASSET MANAGEMENT LLC 0.13% of their portfolio CHICAGO, IL 949,129949.1k $9.8m $9.8m 0.13% Reduced -24.5k -24,473
10 BERKLEY W R CORP 0.43% of their portfolio Greenwich, CT 843,448843.4k $8.7m $8.7m 0.43% Added +446.7k +446,680
11 Alberta Investment Management Corp 0.04% of their portfolio EDMONTON, A0 750,000750.0k $7.8m $7.8m 0.04% Unchanged
12 RiverPark Advisors, LLC 3.27% of their portfolio NEW YORK, NY 690,800690.8k $7.2m $7.2m 3.27% New
13 HGC Investment Management Inc. 1.33% of their portfolio TORONTO, A6 650,539650.5k $6.7m $6.7m 1.33% Unchanged
14 WHITEBOX ADVISORS LLC 0.11% of their portfolio MINNEAPOLIS, MN 650,000650.0k $6.7m $6.7m 0.11% Unchanged
15 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 639,026639.0k $6.6m $6.6m 0.00% Unchanged
16 Linden Advisors LP 0.03% of their portfolio New York, NY 600,000600.0k $6.2m $6.2m 0.03% Unchanged
17 Context Capital Management, LLC 0.13% of their portfolio LAJOLLA, CA 599,812599.8k $6.2m $6.2m 0.13% Unchanged
18 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 576,020576.0k $6.0m $6.0m 0.00% Reduced -149.5k -149,480
19 Radcliffe Capital Management, L.P. 0.41% of their portfolio BALA CYNWYD, PA 517,768517.8k $5.4m $5.4m 0.41% Added +80 +80
20 PICTON MAHONEY ASSET MANAGEMENT 0.05% of their portfolio Toronto, A6 500,000500.0k $5.2m $5.2m 0.05% Unchanged
21 Governors Lane LP 0.52% of their portfolio NEW YORK, NY 500,000500.0k $5.2m $5.2m 0.52% Unchanged
22 MANGROVE PARTNERS IM, LLC 0.31% of their portfolio Greenwich, CT 450,000450.0k $4.7m $4.7m 0.31% Unchanged
23 Wealthspring Capital LLC 1.01% of their portfolio WEST HARRISON, NY 435,927435.9k $4.5m $4.5m 1.01% Added +179.8k +179,837
24 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 411,978412.0k $4.3m $4.3m 0.00% Unchanged
25 LMR Partners LLP 0.03% of their portfolio LONDON, X0 400,000400.0k $4.1m $4.1m 0.03% Unchanged
26 First Trust Capital Management L.P. 0.24% of their portfolio CHICAGO, IL 398,309398.3k $4.1m $4.1m 0.24% Unchanged
27 Polar Asset Management Partners Inc. 0.06% of their portfolio TORONTO, A6 300,000300.0k $3.1m $3.1m 0.06% Unchanged
28 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 239,700239.7k $2.5m $2.5m 0.01% Reduced -7.9k -7,854
29 Periscope Capital Inc. 0.37% of their portfolio Toronto, A6 225,000225.0k $2.3m $2.3m 0.37% Reduced -75.0k -75,000
30 HEIGHTS CAPITAL MANAGEMENT, INC 0.48% of their portfolio SAN FRANCISCO, CA 200,000200.0k $2.1m $2.1m 0.48% Unchanged
31 MOORE CAPITAL MANAGEMENT, LP 0.05% of their portfolio NEW YORK, NY 200,000200.0k $2.1m $2.1m 0.05% Unchanged
32 Mint Tower Capital Management B.V. 0.24% of their portfolio AMSTERDAM, P7 199,600199.6k $2.1m $2.1m 0.24% New
33 Karpus Management, Inc. 0.05% of their portfolio Pittsford, NY 180,585180.6k $1.9m $1.9m 0.05% Reduced -3.1k -3,150
34 Shaolin Capital Management LLC 0.10% of their portfolio Miami, FL 167,126167.1k $1.7m $1.7m 0.10% Reduced -232.9k -232,874
35 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 163,062163.1k $1.7m $1.7m 0.06% New
36 Clear Street Group Inc. 0.01% of their portfolio NEW YORK, NY 155,288155.3k $1.6m $1.6m 0.01% New
37 DELTEC ASSET MANAGEMENT LLC 0.23% of their portfolio New York, NY 150,000150.0k $1.6m $1.6m 0.23% Unchanged
38 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 140,476140.5k $1.5m $1.5m 0.01% Added +15.8k +15,756
39 CANTOR FITZGERALD, L. P. 0.01% of their portfolio NEW YORK, NY 103,440103.4k $1.1m $1.1m 0.01% New
40 SONA ASSET MANAGEMENT (US) LLC 0.04% of their portfolio NEW YORK, NY 101,170101.2k $1.0m $1.0m 0.04% Unchanged
41 O'Connor Alternative Investments LLC 0.08% of their portfolio NEW YORK, NY 100,000100.0k $1.0m $1.0m 0.08% Unchanged
42 GRITSTONE ASSET MANAGEMENT LLC 0.99% of their portfolio Bethesda, MD 98,99299.0k $1.0m $1.0m 0.99% Unchanged
43 Meteora Capital, LLC 0.07% of their portfolio Boca Raton, FL 81,93781.9k $848.9k $848.9k 0.07% Reduced -7.3k -7,297
44 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 75,00075.0k $777.0k $777.0k 0.00% Added +45.0k +45,000
45 MIZUHO SECURITIES USA LLC 0.01% of their portfolio NEW YORK, NY 60,95961.0k $623.6k $623.6k 0.01% Added +35.6k +35,615
46 Logan Stone Capital, LLC 0.13% of their portfolio CHICAGO, IL 60,15960.2k $623.2k $623.2k 0.13% Added +2.0k +2,000
47 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 51,30751.3k $531.8k $531.8k 0.00% Unchanged
48 StoneX Group Inc. 0.02% of their portfolio NEW YORK, NY 50,00050.0k $515.0k $515.0k 0.02% New
49 PenderFund Capital Management Ltd. 0.06% of their portfolio VANCOUVER, A1 46,08046.1k $477.6k $477.6k 0.06% Added +2.4k +2,438
50 Kepos Capital LP 0.52% of their portfolio NEW YORK, NY 37,20037.2k $385.0k $385.0k 0.52% Unchanged
51 Lineage Point Capital LP 0.05% of their portfolio PALM BEACH, FL 25,00025.0k $259.0k $259.0k 0.05% Unchanged
52 Virtu Financial LLC 0.00% of their portfolio New York, NY 12,15212.2k $126.0k $126.0k 0.00% Reduced -18.9k -18,946
53 Rangeley Capital, LLC 0.10% of their portfolio NEW CANAAN, CT 10,00010.0k $103.6k $103.6k 0.10% Unchanged
54 Ionic Capital Management LLC 0.03% of their portfolio NEW YORK, NY 3,3663.4k $34.9k $34.9k 0.03% New
55 Arax Advisory Partners 0.00% of their portfolio NEW YORK, NY 2,4002.4k $24.9k $24.9k 0.00% New
56 Atlantic Edge Private Wealth Management, LLC 0.00% of their portfolio JACKSONVILLE, FL 165165 $1.7k $1.7k 0.00% Unchanged
57 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 4949 $508 $508 0.00% Reduced -21 -21