Vault-13

TEXAS VENTURES ACQUISITION I TVACU

UNIT 99/99/9999 · Unit · CUSIP G8772L121

8 institutional holders -9 vs Q2 2025
1,091,9851.1m shares reported held*
$12.3mreported value*
1 new 1 added 3 reduced 9 sold out net sold ≈ $62.9m (-5.6m 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 ≈ $11.24.

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

01020Q2 25: 17Q3 25: 88Q2 25Q3 25
Numbers
QuarterHolders
Q2 202517
Q3 20258

Biggest buyers

Biggest sellers

AQR Arbitrage LLC Sold out -1,750,000-1.8m
Magnetar Financial LLC Sold out -1,400,000-1.4m
Westchester Capital Management, LLC Sold out -972,064-972.1k
HGC Investment Management Inc. Sold out -300,000-300.0k
MILLENNIUM MANAGEMENT LLC Sold out -300,000-300.0k
RIVERNORTH CAPITAL MANAGEMENT, LLC Reduced -297,628-297.6k
Centiva Capital, LP Sold out -250,000-250.0k
Parallax Volatility Advisers, L.P. Sold out -227,271-227.3k
BOOTHBAY FUND MANAGEMENT, LLC Sold out -65,000-65.0k
ATW SPAC MANAGEMENT LLC Sold out -65,000-65.0k

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
Magnetar Financial LLC 13G · institution new · filed 2025-08-08 6.2% new 1.4m 2025-08-08
TENOR CAPITAL MANAGEMENT Co., L.P. 13G · passive investor -1.6 pts · filed 2026-02-17 6.2% -1.6 pts 1.4m 2026-02-17
K2 PRINCIPAL FUND, L.P. 13G · exempt (held before listing) new · filed 2025-05-05 5.1% new 1.1m 2025-05-05

Insider purchases and sales in Q3 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
101Q4 23: 0 buyingQ4 23: 0 sellingQ1 24: 0 buyingQ1 24: 0 sellingQ1 24Q2 24: 0 buyingQ2 24: 0 sellingQ3 24: 0 buyingQ3 24: 0 sellingQ3 24Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 1 sellingQ3 25
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20230—0——
Q1 20240—0——
Q2 20240—0——
Q3 20240—0——
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—1——
DateInsiderTradeSharesPrice ValueTheir holding
2025-09-18 CRIST EUGENE SCOTT +1 Chief Executive Officer, director Sold 7,500,000 — —7.5m shares -100%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q3 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 LMR Partners LLP 0.13% of their portfolio LONDON, X0 900,000900.0k $10.2m $10.2m 0.13% Unchanged
2 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.06% of their portfolio WEST PALM BEACH, FL 102,372102.4k $1.1m $1.1m 0.06% Reduced -297.6k -297,628
3 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 43,00043.0k $485.5k $485.5k 0.00% First filing
4 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 30,00030.0k $338.7k $338.7k 0.00% Added +5.0k +5,000
5 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 13,78013.8k $155.6k $155.6k 0.00% Reduced -1.6k -1,624
6 UBS Group AG 0.00% of their portfolio ZURICH, V8 2,6412.6k $28.5k $28.5k 0.00% Reduced -5.6k -5,639
7 PenderFund Capital Management Ltd. 0.00% of their portfolio VANCOUVER, A1 191191 $2.1k $2.1k 0.00% Unchanged
8 NATIONAL BANK OF CANADA /FI/ 0.00% of their portfolio MONTREAL, A8 11 $11 $11 0.00% New