TRAILBLAZER ACQUISITION CORP BLZRW
*W EXP 09/30/203 · Equity WRT · CUSIP G9009S111
- SectorBlank check (SPAC)
- IndustryBlank Checks
- HeadquartersNew York, NY
- FilingsSEC EDGAR
48
institutional holders
-4 vs Q1 2026
6.7m
shares reported held*
$2.8mreported value*
2 new
5 added
3 reduced
6 sold out
net sold ≈ $15.5k (-38.6k 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 ≈ $0.41. Options: 1 managers hold calls ($60.0k notional), 0 hold puts (—).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q4 2025 | 43 |
| Q1 2026 | 52 |
| Q2 2026 | 48 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2026 | 14 | 5 |
| Q2 2026 | 7 | 9 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $0 | $0 | — |
| Q4 2025 | $40.0k | $0 | 0.00 |
| Q1 2026 | $59.5k | $0 | 0.00 |
| Q2 2026 | $60.0k | $0 | 0.00 |
Biggest buyers
| Jain Global LLC | Added | +166.6k |
| TORONTO DOMINION BANK | Added | +40.2k |
| Shaolin Capital Management LLC | Added | +14.4k |
| Kryger Capital LLC | New | +8.6k |
| Arax Advisory Partners | New | +6.7k |
| Polar Asset Management Partners Inc. | Added | +4.2k |
| AQR Arbitrage LLC | Added | +1.8k |
Biggest sellers
| Hudson Bay Capital Management LP | Sold out | -84.2k |
| BERKLEY W R CORP | Sold out | -66.7k |
| Meteora Capital, LLC | Reduced | -43.4k |
| HEIGHTS CAPITAL MANAGEMENT, INC | Sold out | -37.8k |
| Clear Street Group Inc. | Reduced | -23.3k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -10.3k |
| Schonfeld Strategic Advisors LLC | Sold out | -10.0k |
| PenderFund Capital Management Ltd. | Sold out | -3.3k |
| Wealthspring Capital LLC | Reduced | -2.0k |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Unchanged | $60.0k150.0k 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.
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
| Manager | Shares | Change |
|---|---|---|
| Meteora Capital, LLC 0.02% of their portfolio | 469.8k $188.4k | Reduced -43.4k |
| Harraden Circle Investments, LLC 0.02% of their portfolio | 400.9k $176.6k | Unchanged |
| Shaolin Capital Management LLC 0.01% of their portfolio | 340.1k $136.0k | Added +14.4k |
| Polar Asset Management Partners Inc. 0.00% of their portfolio | 337.5k $148.7k | Added +4.2k |
| MMCAP International Inc. SPC 0.01% of their portfolio | 333.3k $133.3k | Unchanged |
| TENOR CAPITAL MANAGEMENT Co., L.P. 0.00% of their portfolio | 333.3k $133.3k | Unchanged |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.00% of their portfolio | 333.3k $133.7k | Unchanged |
| Magnetar Financial LLC 0.00% of their portfolio | 333.3k $146.8k | Unchanged |
| TORONTO DOMINION BANK 0.00% of their portfolio | 325.5k $130.2k | Added +40.2k |
| Saba Capital Management, L.P. 0.00% of their portfolio | 262.1k $115.5k | Unchanged |
| AQR Arbitrage LLC 0.00% of their portfolio | 248.0k $99.2k | Added +1.8k |
| Jain Global LLC 0.00% of their portfolio | 233.2k $102.7k | Added +166.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.00% of their portfolio | 192.9k $77.2k | Unchanged |
| Radcliffe Capital Management, L.P. 0.01% of their portfolio | 178.3k $78.6k | Unchanged |
| Alberta Investment Management Corp 0.00% of their portfolio | 166.7k $66.7k | Unchanged |
| Linden Advisors LP 0.00% of their portfolio | 166.7k $73.4k | Unchanged |
| PICTON MAHONEY ASSET MANAGEMENT 0.00% of their portfolio | 166.7k $66.7k | Unchanged |
| Wealthspring Capital LLC 0.01% of their portfolio | 156.2k $62.6k | Reduced -2.0k |
| Clear Street Group Inc. 0.00% of their portfolio | 147.3k $58.9k | Reduced -23.3k |
| MOORE CAPITAL MANAGEMENT, LP 0.00% of their portfolio | 133.3k $53.3k | Unchanged |
| O'Connor Alternative Investments LLC 0.00% of their portfolio | 133.3k $58.7k | Unchanged |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 133.3k $42.7k | Unchanged |
| Lineage Point Capital LP 0.01% of their portfolio | 110.8k $44.3k | Unchanged |
| Weiss Asset Management LP 0.00% of their portfolio | 98.9k $43.5k | Unchanged |
| CSS LLC/IL 0.00% of their portfolio | 97.8k $39.4k | Unchanged |
| Ilex Capital Partners (UK) LLP 0.00% of their portfolio | 96.0k $42.3k | Unchanged |
| Parallax Volatility Advisers, L.P. 0.00% of their portfolio | 94.6k $41.7k | Unchanged |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 89.1k $39.2k | Unchanged |
| ARISTEIA CAPITAL, L.L.C. 0.00% of their portfolio | 83.3k $36.7k | Unchanged |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 66.7k $26.7k | Unchanged |
| Context Capital Management, LLC 0.00% of their portfolio | 50.0k $22.0k | Unchanged |
| Governors Lane LP 0.00% of their portfolio | 50.0k $22.0k | Unchanged |
| GLAZER CAPITAL, LLC 0.00% of their portfolio | 41.2k $18.0k | Unchanged |
| WHITEBOX ADVISORS LLC 0.00% of their portfolio | 33.3k $13.3k | Unchanged |
| Davidson Kempner Capital Management LP 0.00% of their portfolio | 33.3k $13.3k | Unchanged |
| GRITSTONE ASSET MANAGEMENT LLC 0.01% of their portfolio | 33.3k $13.3k | Unchanged |
| SONA ASSET MANAGEMENT (US) LLC 0.00% of their portfolio | 33.3k $13.3k | Unchanged |
| Periscope Capital Inc. 0.00% of their portfolio | 33.2k $14.6k | Unchanged |
| DLD Asset Management, LP 0.00% of their portfolio | 22.2k $8.9k | Unchanged |
| Verition Fund Management LLC 0.00% of their portfolio | 16.7k $6.7k | Unchanged |
| WOLVERINE ASSET MANAGEMENT LLC 0.00% of their portfolio | 16.7k $6.7k | Unchanged |
| TIG Advisors, LLC 0.00% of their portfolio | 16.7k $6.7k | Unchanged |
| Kepos Capital LP 0.01% of their portfolio | 15.7k $7.0k | Unchanged |
| Kryger Capital LLC 0.00% of their portfolio | 8.6k $3.4k | New |
| Mint Tower Capital Management B.V. 0.00% of their portfolio | 8.3k $3.0k | Unchanged |
| Arax Advisory Partners 0.00% of their portfolio | 6.7k $2.7k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 1.0k $0 | Unchanged |
| UBS Group AG 0.00% of their portfolio | 400 $160 | Unchanged |