Vault-13

SPRING VY ACQUISITION CORP I GFUZ

SHS CL A · Common Stock · CUSIP G8377R101

43 institutional holders +41 vs Q3 2025
16,520,00516.5m shares reported held*
$167.7mreported value*
40 new 0 added 1 reduced 0 sold out net bought ≈ $159.1m (+15.7m 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 ≈ $10.15. Options: 1 managers hold calls ($157.5k notional), 0 hold puts (—).

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 25: 2Q4 25: 4343Q3 25Q4 25
Numbers
QuarterHolders
Q3 20252
Q4 202543

Calls vs puts

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

CallsPuts
$0$50k$100k$150k$200kQ1 25 calls: $0Q1 25 puts: $0Q1 25P/C —Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —Q3 25 calls: $0Q3 25 puts: $0Q3 25P/C —Q4 25 calls: $157.5kQ4 25 puts: $0Q4 25P/C 0.00
Numbers
QuarterCallsPutsP/C
Q1 2025$0$0—
Q2 2025$0$0—
Q3 2025$0$0—
Q4 2025$157.5k$00.00

Biggest buyers

PICTON MAHONEY ASSET MANAGEMENT New +1,019,677+1.0m
Linden Advisors LP New +1,000,000+1.0m
Alberta Investment Management Corp New +1,000,000+1.0m
TENOR CAPITAL MANAGEMENT Co., L.P. New +1,000,000+1.0m
Fort Baker Capital Management LP New +950,500+950.5k
J. Goldman & Co LP New +939,017+939.0k
AQR Arbitrage LLC New +934,046+934.0k
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND New +799,998+800.0k
Hudson Bay Capital Management LP New +700,000+700.0k
Context Capital Management, LLC New +641,420+641.4k

Biggest sellers

K2 PRINCIPAL FUND, L.P. Reduced -25,000-25.0k

Biggest calls

J. Goldman & Co LP New $157.5k250.0k shares

Biggest puts

None

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

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
Spring Valley Acquisition III Sponsor, LLC 13G · exempt (held before listing) new · filed 2026-02-13 24.7% new 7.5m≈ $77.4m 2026-02-13
METEORA CAPITAL, LLC 13G · institution new · filed 2026-07-08 14.7% new 3.4m≈ $34.8m 2026-07-08

Fell to 5% or below in the last year: MERUS GLOBAL INVESTMENTS, LLC (0.0%, 2026-08-14), RichRich Capital LLC (0.0%, 2026-07-15), AQR CAPITAL MANAGEMENT LLC (4.1%, 2026-02-11)

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.

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PICTON MAHONEY ASSET MANAGEMENT 0.11% of their portfolio Toronto, A6 1,019,6771.0m $10.4m $10.4m 0.11% New
2 Linden Advisors LP 0.06% of their portfolio New York, NY 1,000,0001.0m $10.2m $10.2m 0.06% New
3 TENOR CAPITAL MANAGEMENT Co., L.P. 0.14% of their portfolio NEW YORK, NY 1,000,0001.0m $10.2m $10.2m 0.14% New
4 Alberta Investment Management Corp 0.06% of their portfolio EDMONTON, A0 1,000,0001.0m $10.2m $10.2m 0.06% New
5 Fort Baker Capital Management LP 1.07% of their portfolio Larkspur, CA 950,500950.5k $9.6m $9.6m 1.07% New
6 J. Goldman & Co LP 0.37% of their portfolio NEW YORK, NY 939,017939.0k $9.5m $9.5m 0.37% New
7 AQR Arbitrage LLC 0.20% of their portfolio Greenwich, CT 934,046934.0k $9.5m $9.5m 0.20% New
8 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.01% of their portfolio TORONTO, A6 799,998800.0k $8.1m $8.1m 0.01% New
9 Hudson Bay Capital Management LP 0.04% of their portfolio STAMFORD, CT 700,000700.0k $7.1m $7.1m 0.04% New
10 Context Capital Management, LLC 0.17% of their portfolio LAJOLLA, CA 641,420641.4k $6.5m $6.5m 0.17% New
11 TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio NEW YORK, NY 554,070554.1k $5.6m $5.6m 0.01% New
12 Governors Lane LP 0.47% of their portfolio NEW YORK, NY 500,779500.8k $5.1m $5.1m 0.47% New
13 Periscope Capital Inc. 0.94% of their portfolio Toronto, A6 474,699474.7k $4.8m $4.8m 0.94% New
14 Mint Tower Capital Management B.V. 0.55% of their portfolio AMSTERDAM, P7 450,000450.0k $4.6m $4.6m 0.55% New
15 Wealthspring Capital LLC 0.96% of their portfolio WEST HARRISON, NY 401,935401.9k $4.1m $4.1m 0.96% New
16 Shaolin Capital Management LLC 0.15% of their portfolio Miami, FL 400,000400.0k $4.1m $4.1m 0.15% New
17 OMERS ADMINISTRATION Corp 0.03% of their portfolio TORONTO, A6 399,999400.0k $4.1m $4.1m 0.03% New
18 Radcliffe Capital Management, L.P. 0.21% of their portfolio BALA CYNWYD, PA 383,498383.5k $3.9m $3.9m 0.21% New
19 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 365,950365.9k $3.7m $3.7m 0.00% New
20 ARISTEIA CAPITAL, L.L.C. 0.10% of their portfolio GREENWICH, CT 350,000350.0k $3.6m $3.6m 0.10% New
21 First Trust Capital Management L.P. 0.21% of their portfolio CHICAGO, IL 343,194343.2k $3.5m $3.5m 0.21% Unchanged
22 OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.08% of their portfolio CHICAGO, IL 300,000300.0k $3.0m $3.0m 0.08% Not comparable
23 Verition Fund Management LLC 0.02% of their portfolio GREENWICH, CT 280,175280.2k $2.8m $2.8m 0.02% New
24 MOORE CAPITAL MANAGEMENT, LP 0.05% of their portfolio NEW YORK, NY 250,000250.0k $2.5m $2.5m 0.05% New
25 Saba Capital Management, L.P. 0.09% of their portfolio NEW YORK, NY 250,000250.0k $2.5m $2.5m 0.09% New
26 Bulldog Investors, LLP 0.49% of their portfolio SADDLE BROOK, NJ 218,855218.9k $2.2m $2.2m 0.49% New
27 BERKLEY W R CORP 0.11% of their portfolio Greenwich, CT 198,399198.4k $2.0m $2.0m 0.11% New
28 K2 PRINCIPAL FUND, L.P. 0.18% of their portfolio TORONTO, A6 175,000175.0k $1.8m $1.8m 0.18% Reduced -25.0k -25,000
29 Centiva Capital, LP 0.10% of their portfolio New York, NY 164,957165.0k $1.7m $1.7m 0.10% New
30 WHITEBOX ADVISORS LLC 0.03% of their portfolio MINNEAPOLIS, MN 150,000150.0k $1.5m $1.5m 0.03% New
31 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 150,000150.0k $1.5m $1.5m 0.00% New
32 Crossingbridge Advisors, LLC 0.43% of their portfolio PLEASANTVILLE, NY 150,000150.0k $1.5m $1.5m 0.43% New
33 GLAZER CAPITAL, LLC 0.03% of their portfolio New York, NY 129,122129.1k $1.3m $1.3m 0.03% New
34 DLD Asset Management, LP 0.11% of their portfolio NEW YORK, NY 102,600102.6k $1.0m $1.0m 0.11% New
35 GRITSTONE ASSET MANAGEMENT LLC 0.97% of their portfolio Bethesda, MD 100,000100.0k $1.0m $1.0m 0.97% New
36 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 83,89583.9k $851.5k $851.5k 0.00% New
37 MYDA Advisors LLC 0.20% of their portfolio WOODMERE, NY 71,20371.2k $723.4k $723.4k 0.20% New
38 HighTower Advisors, LLC 0.00% of their portfolio CHICAGO, IL 67,34467.3k $683.5k $683.5k 0.00% New
39 BOOTHBAY FUND MANAGEMENT, LLC 0.01% of their portfolio NEW YORK, NY 43,82043.8k $444.8k $444.8k 0.01% New
40 Virtu Financial LLC 0.01% of their portfolio New York, NY 18,33218.3k $186.0k $186.0k 0.01% New
41 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 7,1617.2k $72.7k $72.7k 0.00% New
42 UBS Group AG 0.00% of their portfolio ZURICH, V8 299299 $3.0k $3.0k 0.00% New
43 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 6161 $619 $619 0.00% New