Vault-13

TALON CAP CORP TLNCU

UNIT 08/27/2030 · Unit · CUSIP G86652115

21 institutional holders -27 vs Q3 2025
10,180,69810.2m shares reported held*
$104.6mreported value*
0 new 2 added 10 reduced 27 sold out net sold ≈ $139.6m (-13.6m 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 ≈ $10.28.

Trends to Q4 2025

Institutional holders

Managers reporting a position, each quarter

0204060Q3 25: 48Q4 25: 2121Q3 25Q4 25
Numbers
QuarterHolders
Q3 202548
Q4 202521

Biggest buyers

Aventail Capital Group, LP Added +7,251+7.3k
Ground Swell Capital, LLC Added +1,124+1.1k

Biggest sellers

ADAGE CAPITAL PARTNERS GP, L.L.C. Sold out -2,025,000-2.0m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Reduced -1,749,999-1.7m
Linden Advisors LP Sold out -1,500,000-1.5m
AQR Arbitrage LLC Sold out -1,158,216-1.2m
TWO SIGMA INVESTMENTS, LP Sold out -815,625-815.6k
TENOR CAPITAL MANAGEMENT Co., L.P. Sold out -800,000-800.0k
MOORE CAPITAL MANAGEMENT, LP Sold out -600,000-600.0k
Hudson Bay Capital Management LP Sold out -560,000-560.0k
Radcliffe Capital Management, L.P. Sold out -529,232-529.2k
Context Capital Management, LLC Sold out -450,000-450.0k

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
PRICE T ROWE ASSOCIATES INC /MD/ 13G · institution new · filed 2025-11-14 8.8% new 2.3m≈ $23.8m 2025-11-14
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 13G · institution new · filed 2025-11-13 6.8% new 1.8m≈ $18.4m 2025-11-13
LMR Partners LLP 13G · institution new · filed 2025-11-14 5.8% new 1.5m≈ $15.8m 2025-11-14
Linden Capital L.P. 13G · passive investor new · filed 2025-09-18 5.8% new 1.5m≈ $15.8m 2025-09-18

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: 0 buyingQ2 25: 0 sellingQ2 25Q3 25: 1 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 20250—0——
Q3 20251—0——
Q4 20250—0——

None reported in Q4 2025.

Holders, Q4 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 2,256,7782.3m $23.2m $23.2m 0.00% Reduced -33 -33
2 LMR Partners LLP 0.15% of their portfolio LONDON, X0 1,500,0001.5m $15.4m $15.4m 0.15% Unchanged
3 Alberta Investment Management Corp 0.07% of their portfolio EDMONTON, A0 1,100,0001.1m $11.3m $11.3m 0.07% Unchanged
4 EdgePoint Investment Group Inc. 0.08% of their portfolio TORONTO, A6 1,000,0001.0m $10.3m $10.3m 0.08% Unchanged
5 Yaupon Capital Management LP 0.50% of their portfolio NEW YORK, NY 1,000,0001.0m $10.3m $10.3m 0.50% Unchanged
6 Magnetar Financial LLC 0.08% of their portfolio EVANSTON, IL 800,000800.0k $8.2m $8.2m 0.08% Unchanged
7 Aventail Capital Group, LP 0.42% of their portfolio NEW YORK, NY 707,251707.3k $7.3m $7.3m 0.42% Added +7.3k +7,251
8 VAN ECK ASSOCIATES CORP 0.00% of their portfolio NEW YORK, NY 500,000500.0k $5.1m $5.1m 0.00% Unchanged
9 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.19% of their portfolio WEST PALM BEACH, FL 400,000400.0k $4.1m $4.1m 0.19% Unchanged
10 OMERS ADMINISTRATION Corp 0.02% of their portfolio TORONTO, A6 250,000250.0k $2.6m $2.6m 0.02% Unchanged
11 STEADFAST CAPITAL MANAGEMENT LP 0.04% of their portfolio NEW YORK, NY 225,000225.0k $2.3m $2.3m 0.04% Unchanged
12 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 189,321189.3k $1.9m $1.9m 0.00% Reduced -56.7k -56,663
13 READYSTATE ASSET MANAGEMENT LP 0.04% of their portfolio CHICAGO, IL 93,40493.4k $958.3k $958.3k 0.04% Reduced -49.8k -49,820
14 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 50,00050.0k $513.0k $513.0k 0.00% Reduced -7.6k -7,615
15 HEIGHTS CAPITAL MANAGEMENT, INC 0.09% of their portfolio SAN FRANCISCO, CA 24,10424.1k $247.3k $247.3k 0.09% Reduced -796 -796
16 Sandia Investment Management LP 0.51% of their portfolio BOSTON, MA 20,00020.0k $205.8k $205.8k 0.51% Reduced -4.9k -4,900
17 Quarry LP 0.03% of their portfolio NEW YORK, NY 20,00020.0k $205.6k $205.6k 0.03% Reduced -4.9k -4,900
18 Bulldog Investors, LLP 0.03% of their portfolio SADDLE BROOK, NJ 15,25015.2k $156.5k $156.5k 0.03% Reduced -154.0k -154,000
19 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 15,10915.1k $155.5k $155.5k 0.00% Reduced -238.3k -238,311
20 Ground Swell Capital, LLC 0.31% of their portfolio FOLLY BEACH, SC 14,48014.5k $148.6k $148.6k 0.31% Added +1.1k +1,124
21 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio TORONTO, A6 11 $10 $10 0.00% Reduced -1.7m -1,749,999