Vault-13

SOULPOWER ACQUISITION CORP SOUL

USD CL A ORD SHS · Common Stock · CUSIP G82745103

51 institutional holders +9 vs Q3 2025
24,605,26724.6m shares reported held*
96.0% of all shares outstanding*
$247.7mreported value*
9 new 9 added 11 reduced 1 sold out net bought ≈ $11.8m (+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. Shares outstanding: 25.6m as of 2026-03-23, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $10.07.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q2 25: 34Q3 25: 42Q4 25: 5151Q2 25Q3 25Q4 25
Numbers
QuarterHolders
Q2 202534
Q3 202542
Q4 202551

Buyers vs sellers

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

Bought or addedCut or sold out
20020Q3 25: 18 bought or addedQ3 25: 5 cut or sold outQ3 25Q4 25: 18 bought or addedQ4 25: 12 cut or sold outQ4 25
Numbers
QuarterBought or addedCut or sold out
Q3 2025185
Q4 20251812

Calls vs puts

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

CallsPuts
$0$10k$20k$30k$40kQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $40.0kQ2 25 puts: $0Q2 25P/C 0.00Q3 25 calls: $38.0kQ3 25 puts: $0Q3 25P/C 0.00Q4 25 calls: $0Q4 25 puts: $0Q4 25P/C —
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$40.0k$00.00
Q3 2025$38.0k$00.00
Q4 2025$0$0—

Biggest buyers

WOLVERINE ASSET MANAGEMENT LLC Added +783,518+783.5k
Crossingbridge Advisors, LLC New +708,220+708.2k
RiverPark Advisors, LLC New +708,220+708.2k
Hudson Bay Capital Management LP New +326,976+327.0k
First Trust Capital Management L.P. Added +250,000+250.0k
FIFTH LANE CAPITAL, LP New +200,000+200.0k
CANTOR FITZGERALD, L. P. New +150,000+150.0k
Radcliffe Capital Management, L.P. Added +105,509+105.5k
MIZUHO SECURITIES USA LLC Added +103,872+103.9k
Parallax Volatility Advisers, L.P. New +100,033+100.0k

Biggest sellers

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -1,150,000-1.1m
HGC Investment Management Inc. Reduced -350,015-350.0k
Bulldog Investors, LLP Sold out -336,952-337.0k
Shaolin Capital Management LLC Reduced -150,000-150.0k
Wealthspring Capital LLC Reduced -117,730-117.7k
DLD Asset Management, LP Reduced -93,999-94.0k
Schonfeld Strategic Advisors LLC Reduced -76,255-76.3k
Periscope Capital Inc. Reduced -63,734-63.7k
MILLENNIUM MANAGEMENT LLC Reduced -55,000-55.0k
TORONTO DOMINION BANK Reduced -43,992-44.0k

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
SOULPOWER ACQUISITION SPONSOR LLC 13D · may seek influence new · filed 2025-04-09
Stated purposeOn June 10, 2024, the Sponsor paid $25,000, or approximately $0.004 per share, to cover certain of the Issuer's offering costs in exchange for 5,750,000 founder shares. In March 2025, the Issuer effected a share capitalization of 0.33 shares for each Class B ordinary share outstanding, resulting in the initial shareholders holding an aggregate of 7,666,667 founder shares. On March 13, 2024, each of the Issuer's directors transferred 4,166.97 founder shares to the sponsor. In April 2025, the Issuer effected a share capitalization of 0.11 shares for each Class B ordinary share outstanding, resulting in the initial shareholders holding an aggregate of 8,433,333 founder shares (up to 1,100,000 shares of which are subject to forfeiture depending on the extent to which the underwriters' over-al… Full filing
 25.4% new 8.6m≈ $74.1m 2025-04-09

Fell to 5% or below in the last year: BARCLAYS PLC (4.4%, 2026-05-14), AQR CAPITAL MANAGEMENT LLC (4.9%, 2026-05-12), WOLVERINE ASSET MANAGEMENT LLC (4.8%, 2026-04-20), HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND (2.5%, 2026-02-13), BANK OF MONTREAL /CAN/ (3.9%, 2026-02-12)

Insider purchases and sales in Q4 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.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q1 24: 0 buyingQ1 24: 0 sellingQ2 24: 0 buyingQ2 24: 0 sellingQ2 24Q3 24: 0 buyingQ3 24: 0 sellingQ4 24: 0 buyingQ4 24: 0 sellingQ4 24Q1 25: 0 buyingQ1 25: 0 sellingQ2 25: 1 buyingQ2 25: 0 sellingQ2 25Q3 25: 0 buyingQ3 25: 0 sellingQ4 25: 0 buyingQ4 25: 0 sellingQ4 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——
Q2 20251$4.0m0——
Q3 20250—0——
Q4 20250—0——

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 0.25% of their portfolio NEW YORK, NY 1,750,0001.8m $17.8m $17.8m 0.25% Unchanged
2 Magnetar Financial LLC 0.17% of their portfolio EVANSTON, IL 1,750,0001.8m $17.8m $17.8m 0.17% Unchanged
3 AQR Arbitrage LLC 0.28% of their portfolio Greenwich, CT 1,305,0221.3m $13.2m $13.2m 0.28% Unchanged
4 WOLVERINE ASSET MANAGEMENT LLC 0.19% of their portfolio CHICAGO, IL 1,285,4741.3m $13.0m $13.0m 0.19% Added +783.5k +783,518
5 Westchester Capital Management, LLC 0.61% of their portfolio VALHALLA, NY 1,279,3001.3m $13.0m $13.0m 0.61% Unchanged
6 First Trust Capital Management L.P. 0.64% of their portfolio CHICAGO, IL 1,039,5701.0m $10.6m $10.6m 0.64% Added +250.0k +250,000
7 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 990,000990.0k $10.0m $10.0m 0.01% Unchanged
8 HGC Investment Management Inc. 2.05% of their portfolio TORONTO, A6 953,146953.1k $9.7m $9.7m 2.05% Reduced -350.0k -350,015
9 ARISTEIA CAPITAL, L.L.C. 0.24% of their portfolio GREENWICH, CT 829,341829.3k $8.4m $8.4m 0.24% Unchanged
10 Alberta Investment Management Corp 0.05% of their portfolio EDMONTON, A0 750,000750.0k $7.6m $7.6m 0.05% Unchanged
11 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 712,291712.3k $7.2m $7.2m 0.01% Unchanged
12 RiverPark Advisors, LLC 2.07% of their portfolio NEW YORK, NY 708,220708.2k $7.2m $7.2m 2.07% New
13 Crossingbridge Advisors, LLC 2.02% of their portfolio PLEASANTVILLE, NY 708,220708.2k $7.2m $7.2m 2.02% New
14 Radcliffe Capital Management, L.P. 0.36% of their portfolio BALA CYNWYD, PA 655,635655.6k $6.7m $6.7m 0.36% Added +105.5k +105,509
15 WHITEBOX ADVISORS LLC 0.11% of their portfolio MINNEAPOLIS, MN 650,000650.0k $6.6m $6.6m 0.11% Unchanged
16 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 650,000650.0k $6.6m $6.6m 0.01% Reduced -1.1m -1,150,000
17 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 645,000645.0k $6.5m $6.5m 0.00% Reduced -55.0k -55,000
18 Karpus Management, Inc. 0.18% of their portfolio Pittsford, NY 582,640582.6k $5.9m $5.9m 0.18% Added +1.4k +1,390
19 Context Capital Management, LLC 0.15% of their portfolio LAJOLLA, CA 582,480582.5k $5.9m $5.9m 0.15% Unchanged
20 GABELLI & Co INVESTMENT ADVISERS, INC. 0.87% of their portfolio Rye, NY 572,100572.1k $5.8m $5.8m 0.87% Unchanged
21 Linden Advisors LP 0.03% of their portfolio New York, NY 500,000500.0k $5.1m $5.1m 0.03% Unchanged
22 PICTON MAHONEY ASSET MANAGEMENT 0.06% of their portfolio Toronto, A6 500,000500.0k $5.1m $5.1m 0.06% Unchanged
23 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.21% of their portfolio WEST PALM BEACH, FL 447,750447.8k $4.5m $4.5m 0.21% Added +90.0k +90,000
24 GABELLI FUNDS LLC 0.03% of their portfolio Rye, NY 427,900427.9k $4.3m $4.3m 0.03% Unchanged
25 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 411,978412.0k $4.2m $4.2m 0.00% Unchanged
26 LMR Partners LLP 0.04% of their portfolio LONDON, X0 400,000400.0k $4.1m $4.1m 0.04% Unchanged
27 MIZUHO SECURITIES USA LLC 0.06% of their portfolio NEW YORK, NY 358,686358.7k $3.6m $3.6m 0.06% Added +103.9k +103,872
28 BERKLEY W R CORP 0.20% of their portfolio Greenwich, CT 347,330347.3k $3.5m $3.5m 0.20% Added +99.5k +99,480
29 Hudson Bay Capital Management LP 0.02% of their portfolio STAMFORD, CT 326,976327.0k $3.3m $3.3m 0.02% New
30 MANGROVE PARTNERS IM, LLC 0.26% of their portfolio Greenwich, CT 318,929318.9k $3.2m $3.2m 0.26% Reduced -2.7k -2,741
31 Polar Asset Management Partners Inc. 0.06% of their portfolio TORONTO, A6 300,000300.0k $3.0m $3.0m 0.06% Unchanged
32 Shaolin Capital Management LLC 0.10% of their portfolio Miami, FL 250,000250.0k $2.5m $2.5m 0.10% Reduced -150.0k -150,000
33 Periscope Capital Inc. 0.40% of their portfolio Toronto, A6 205,000205.0k $2.1m $2.1m 0.40% Reduced -63.7k -63,734
34 HEIGHTS CAPITAL MANAGEMENT, INC 0.77% of their portfolio SAN FRANCISCO, CA 200,000200.0k $2.0m $2.0m 0.77% Unchanged
35 MOORE CAPITAL MANAGEMENT, LP 0.04% of their portfolio NEW YORK, NY 200,000200.0k $2.0m $2.0m 0.04% Unchanged
36 FIFTH LANE CAPITAL, LP 0.04% of their portfolio Austin, TX 200,000200.0k $35.0k $35.0k 0.04% New
37 GLAZER CAPITAL, LLC 0.05% of their portfolio New York, NY 194,183194.2k $2.0m $2.0m 0.05% Added +619 +619
38 CANTOR FITZGERALD, L. P. 0.05% of their portfolio NEW YORK, NY 150,000150.0k $1.5m $1.5m 0.05% New
39 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.04% of their portfolio CHICAGO, IL 150,000150.0k $1.5m $1.5m 0.04% Unchanged
40 DELTEC ASSET MANAGEMENT LLC 0.25% of their portfolio New York, NY 150,000150.0k $1.5m $1.5m 0.25% Unchanged
41 Lineage Point Capital LP 0.58% of their portfolio PALM BEACH, FL 150,000150.0k $1.5m $1.5m 0.58% First filing
42 Clear Street Group Inc. 0.01% of their portfolio NEW YORK, NY 147,539147.5k $1.5m $1.5m 0.01% Added +77.0k +77,011
43 Wealthspring Capital LLC 0.35% of their portfolio WEST HARRISON, NY 146,990147.0k $1.5m $1.5m 0.35% Reduced -117.7k -117,730
44 DLD Asset Management, LP 0.11% of their portfolio NEW YORK, NY 106,001106.0k $1.1m $1.1m 0.11% Reduced -94.0k -93,999
45 Parallax Volatility Advisers, L.P. 0.03% of their portfolio San Francisco, CA 100,033100.0k $1.0m $1.0m 0.03% New
46 Schonfeld Strategic Advisors LLC 0.00% of their portfolio NEW YORK, NY 80,72380.7k $819.3k $819.3k 0.00% Reduced -76.3k -76,255
47 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 50,00050.0k $507.5k $507.5k 0.00% New
48 PenderFund Capital Management Ltd. 0.05% of their portfolio VANCOUVER, A1 30,05130.1k $305.0k $305.0k 0.05% New
49 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 25,00025.0k $253.8k $253.8k 0.00% Reduced -44.0k -43,992
50 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 25,00025.0k $253.8k $253.8k 0.01% New
51 Virtu Financial LLC 0.01% of their portfolio New York, NY 14,97915.0k $152.0k $152.0k 0.01% Reduced -10.7k -10,704