HGC Investment Management Inc.

Non-US

CIK

1711200

Location

TORONTO, A6

Portfolio Value

Small $424,526,736

Diversification

Diversified

Filing Date

Global Rank

#4,272 / 8,818 ▼ 146

Top Industry

Shell Companies 98.2%

Period ended 4 months ago

Filed Aug 14, 2026 · 2mo

26 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Non-US

Schedule 13G, Feb 17, 2026

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 27.8%, 59.2 effective positions, active share 99.6% against the Nasdaq-100 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

119.9% over the last four quarters (100%+)

Horizon

Short horizon

Value-weighted holding period 2.5 quarters (under 4)

Closest benchmark: the Nasdaq-100 as of 2026-06-30, active share 99.6%; sector active share 86.3% against the combined 13F book's sector weights.

Over time 26 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

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Portfolio Concentration

159 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

3.8%

−0.3 pts

Top 5

16.0%

−1.5 pts

Top 10

27.8%

−2.6 pts

HHI

169

Diversified−8

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Financial Services	97.6%	$414,340,317	147
Communication Services	1.6%	$6,882,590	3
Unclassified	0.6%	$2,585,000	1
Healthcare	0.2%	$646,360	4
Industrials	0.0%	$70,082	1
Consumer Cyclical	0.0%	$2,048	1
Technology	0.0%	$308	1
Consumer Defensive	0.0%	$31	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
OIM	OneIM Acquisition Corp.	+200,000	297,803	$2,998,876
TACHW	Titan Acquisition Corp.	+100,000	200,000	$143,000
QADRU	QDRO Acquisition Corp.	+91,800	1,291,800	$12,943,836
ALOVU	Aldabra 4 Liquidity Opportunity Vehicle, Inc.	+25,000	1,468,965	$14,777,787
OIMAU	OneIM Acquisition Corp.	+16,249	516,249	$5,103,812
—		+14,341	479,341	$215,703
IACOU	Idea Acquisition Corp.	+9,700	809,700	$8,113,194
No positions match the current search.

Trimmed

Positions the filer reduced

6 positions

Ticker	Company	Δ Shares	Shares	Value
DMII	Drugs Made In America Acquisition II Corp.	−1,080,980	150,000	$1,509,000
NPAC	New Providence Acquisition Corp. III	−350,000	100,000	$1,038,100
AXINR	Axiom Intelligence Acquisition Corp 1	−250,000	100,000	$37,630
MEVOU	M Evo Global Acquisition Corp II	−250,000	100,000	$1,025,000
SZZLR	Sizzle Acquisition Corp. II	−200,000	450,539	$73,213
—		−12,500	30,316	$6,215,992
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
GUAC	Berto Acquisition Corp. II	1,065,000	$10,777,800
GCGR	General Catalyst Global Resilience Merger Corp.	1,000,000	$10,090,000
IPVV	InterPrivate Investment Partners V, Inc.	1,000,000	$9,920,000
GHXI	Gores Holdings XI, Inc.	950,000	$9,642,500
CAES	Cantor Equity Partners VII, Inc.	935,000	$9,434,150
WLCO	Wilco 63 Corp	850,000	$8,457,500
KEYY	Keystone Acquisition Corp.	800,000	$7,888,000
ISNR	Snow Rothschild Acquisition Corp.	750,000	$7,507,500
LPCV	Launchpad Cadenza Acquisition Corp I	725,000	$7,250,000
CGCF	Cartesian Growth Corp IV	650,000	$6,500,000
MZYX	MOZAYYX Acquisition Corp.	575,000	$5,732,750
IDACU	Iron Dome Acquisition I Corp.	500,000	$5,050,000
LTGR	Long Table Growth Corp.	500,000	$5,005,000
SHOT	RMG ML Sports Holdings	500,000	$4,995,000
GPAT	GP-Act III Acquisition Corp.	399,387	$4,341,336
HAVA	Harvard Ave Acquisition Corp	375,000	$3,787,500
IRHO	Iron Horse Acquisition II Corp.	298,489	$2,993,844
IACQ	Irenic Acquisition Corp.	250,000	$2,497,500
CXII	Churchill Capital Corp XII	200,000	$2,130,000
YICCU	Yorkville International Capital Corp.	200,000	$2,008,000
HCAC	Hall Chadwick Acquisition Corp	200,000	$2,008,000
GSRV	GSR V Acquisition Corp.	195,000	$1,951,950
PTAC	Patriot Acquisition Corp.	100,000	$999,000
MLAA	Mountain Lake Acquisition Corp. II	100,000	$993,000
WBD	Warner Bros. Discovery, Inc.	25,000	$666,500
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
FERAU	Fifth Era Acquisition Corp I	1,150,760	$12,129,010
IPFXU	Inflection Point Acquisition Corp. VI	950,000	$9,614,000
LPCVU	Launchpad Cadenza Acquisition Corp I	725,000	$7,250,000
TACHU	Titan Acquisition Corp.	559,131	$5,820,554
KFII	K&F Growth Acquisition Corp. II	550,000	$5,736,500
IRHOU	Iron Horse Acquisition II Corp.	523,489	$5,213,950
SPEGU	Silver Pegasus Acquisition Corp.	400,000	$4,152,000
HAVAU	Harvard Ave Acquisition Corp	375,000	$3,795,000
CRAC	Crown Reserve Acquisition Corp. I	375,000	$3,753,750
AXIN	Axiom Intelligence Acquisition Corp 1	350,000	$3,545,500
LKSP	Lake Superior Acquisition Corp	320,000	$3,216,000
LCCCU	Lakeshore Acquisition III Corp.	300,000	$3,141,000
QUMS	Quantumsphere Acquisition Corp	300,000	$3,036,000
—		75,000	$3,017,250
GIWWU	GigCapital8 Corp.	250,000	$2,587,500
ENHA	Enhanced Group Inc.	250,000	$2,542,500
—		225,000	$2,319,750
—		200,000	$2,140,000
HCACU	Hall Chadwick Acquisition Corp	200,000	$2,050,000
CCXIU	Churchill Capital Corp XI	200,000	$2,050,000
CMIIU	Inflection Point Acquisition Corp. VII	200,000	$1,998,000
MMTXU	Miluna Acquisition Corp	175,000	$1,776,250
USAS	Americas Gold & Silver Corp	300,000	$1,566,000
TACH	Titan Acquisition Corp.	50,000	$514,500
SIMA	SIM Acquisition Corp. I	25,000	$268,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

159 tracked positions · $424,526,736 total · filing declares 186 positions · $506,577,155 · as of Jun 30, 2026

All sectors Communication Services Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology

Showing 1–50 of 159 positions by value · page 1 of 4

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
		Held	1,500,000	0	$15,735,000	+1.5%	4	$10.13	3.71%
ALOVU	Aldabra 4 Liquidity Opportunity Vehicle, Inc. Financial Services	Added	1,468,965	+25,000	$14,777,787	+2.9%	2	unpriced	3.48%
SDHI	Siddhi Acquisition Corp (Cayman Islands) Financial Services	Held	1,250,000	0	$13,025,000	+0.8%	4	$10.11	3.07%
QADRU	QDRO Acquisition Corp. Financial Services	Added	1,291,800	+91,800	$12,943,836	+8.8%	2	unpriced	3.05%
GUAC	Berto Acquisition Corp. II Financial Services	NEW	1,065,000	NEW	$10,777,800	NEW	1	unpriced	2.54%
KRAQU	KRAKacquisition Corp Financial Services	Held	1,000,000	0	$10,140,000	+1.3%	2	$10.07	2.39%
GCGR	General Catalyst Global Resilience Merger Corp. Financial Services	NEW	1,000,000	NEW	$10,090,000	NEW	1	unpriced	2.38%
IPVV	InterPrivate Investment Partners V, Inc. Financial Services	NEW	1,000,000	NEW	$9,920,000	NEW	1	unpriced	2.34%
SOUL	Soulpower Acquisition Corp. Financial Services	Held	953,146	0	$9,865,061	+1.0%	4	$10.07	2.32%
GHXI	Gores Holdings XI, Inc. Financial Services	NEW	950,000	NEW	$9,642,500	NEW	1	unpriced	2.27%
CAES	Cantor Equity Partners VII, Inc. Financial Services	NEW	935,000	NEW	$9,434,150	NEW	1	unpriced	2.22%
PAII	Pyrophyte Acquisition Corp. II Financial Services	Held	850,000	0	$8,670,000	+0.5%	3	$10.05	2.04%
WLCO	Wilco 63 Corp Financial Services	NEW	850,000	NEW	$8,457,500	NEW	1	unpriced	1.99%
IACOU	Idea Acquisition Corp. Financial Services	Added	809,700	+9,700	$8,113,194	+2.3%	2	$9.90	1.91%
KEYY	Keystone Acquisition Corp. Financial Services	NEW	800,000	NEW	$7,888,000	NEW	1	unpriced	1.86%
ADAC	American Drive Acquisition Co Financial Services	Held	786,413	0	$7,879,858	+1.2%	2	$9.90	1.86%
TRGSU	TRG Latin America Acquisitions Corp. Financial Services	Held	765,000	0	$7,672,950	+0.8%	2	$9.98	1.81%
PACHU	Pioneer Acquisition I Corp Financial Services	Held	743,077	0	$7,668,554	—	5	unpriced	1.81%
ISNR	Snow Rothschild Acquisition Corp. Financial Services	NEW	750,000	NEW	$7,507,500	NEW	1	unpriced	1.77%
LPCV	Launchpad Cadenza Acquisition Corp I Financial Services	NEW	725,000	NEW	$7,250,000	NEW	1	$9.96	1.71%
SZZL	Sizzle Acquisition Corp. II Financial Services	Held	650,539	0	$6,739,584	+0.8%	4	$10.08	1.59%
RDAG	Republic Digital Acquisition Co Financial Services	Held	646,675	0	$6,673,686	+0.9%	5	unpriced	1.57%
CGCF	Cartesian Growth Corp IV Financial Services	NEW	650,000	NEW	$6,500,000	NEW	1	unpriced	1.53%
MBVIU	M3-Brigade Acquisition VI Corp. Financial Services	Held	625,000	0	$6,406,250	+1.0%	4	$10.05	1.51%
		Reduced	30,316	-12,500	$6,215,992	−28.8%	4	$178.51	1.46%
HCMA	Hcm III Acquisition Corp. Financial Services	Held	600,000	0	$6,168,000	+2.0%	4	unpriced	1.45%
CEPV	Cantor Equity Partners V, Inc. Financial Services	Held	583,153	0	$6,014,056	+2.1%	3	$10.25	1.42%
MZYX	MOZAYYX Acquisition Corp. Financial Services	NEW	575,000	NEW	$5,732,750	NEW	1	$9.91	1.35%
CEPF	Cantor Equity Partners IV, Inc. Financial Services	Held	550,000	0	$5,720,000	+2.1%	4	$10.15	1.35%
WENN	WEN Acquisition Corp Financial Services	Held	550,000	0	$5,659,500	+1.1%	4	$10.20	1.33%
ITHAU	ITHAX Acquisition Corp III Financial Services	Held	550,000	0	$5,590,750	+2.1%	3	unpriced	1.32%
TVAI	Thayer Ventures Acquisition Corp II Financial Services	Held	525,000	0	$5,418,000	+1.1%	2	$10.18	1.28%
FIGXU	FIGX Capital Acquisition Corp. Financial Services	Held	500,000	0	$5,170,000	+0.8%	5	unpriced	1.22%
KBONU	Karbon Capital Partners Corp. Financial Services	Held	500,000	0	$5,130,000	+0.7%	3	unpriced	1.21%
OIMAU	OneIM Acquisition Corp. Financial Services	Added	516,249	+16,249	$5,103,812	+1.0%	2	unpriced	1.20%
IDACU	Iron Dome Acquisition I Corp. Financial Services	NEW	500,000	NEW	$5,050,000	NEW	1	$10.04	1.19%
LTGR	Long Table Growth Corp. Financial Services	NEW	500,000	NEW	$5,005,000	NEW	1	unpriced	1.18%
SHOT	RMG ML Sports Holdings Financial Services	NEW	500,000	NEW	$4,995,000	NEW	1	unpriced	1.18%
GPAT	GP-Act III Acquisition Corp. Financial Services	NEW	399,387	NEW	$4,341,336	NEW	1	$10.85	1.02%
APXTU	Apex Treasury Corp Financial Services	Held	400,000	0	$4,120,000	+2.0%	3	$10.08	0.97%
CRANU	Crane Harbor Acquisition Corp. II Financial Services	Held	400,000	0	$4,100,000	+1.5%	3	unpriced	0.97%
BLZRU	Trailblazer Acquisition Corp. Financial Services	Held	400,000	0	$4,080,000	+0.4%	4	unpriced	0.96%
HAVA	Harvard Ave Acquisition Corp Financial Services	NEW	375,000	NEW	$3,787,500	NEW	1	$10.07	0.89%
VHCPU	Vine Hill Capital Investment Corp. II Financial Services	Held	350,000	0	$3,535,000	+1.0%	3	unpriced	0.83%
MUZEU	Muzero Acquisition Corp Financial Services	Held	350,000	0	$3,514,000	+1.1%	2	$9.97	0.83%
SOCAU	Solarius Capital Acquisition Corp. Financial Services	Held	300,000	0	$3,099,000	+0.6%	4	$10.06	0.73%
EVOXU	Evolution Global Acquisition Corp Financial Services	Held	300,000	0	$3,054,000	−0.2%	3	$10.09	0.72%
FVAV	Fortress Value Acquisition Corp. V Financial Services	Held	300,000	0	$3,033,000	+0.8%	2	$10.04	0.71%
OIM	OneIM Acquisition Corp. Financial Services	Added	297,803	+200,000	$2,998,876	+207.9%	2	unpriced	0.71%
IRHO	Iron Horse Acquisition II Corp. Financial Services	NEW	298,489	NEW	$2,993,844	NEW	1	$9.99	0.71%

Showing the top 50 of 159 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.