ADACW · American Drive Acquisition Co · Holdings
Substantial doubt about the company's ability to continue as a going concern.
“In connection with the Company's assessment of going concern considerations in accordance with FASB ASC Topic 205-40, "Presentation of Financial Statements—Going Concern", management has determined that the Company currently lacks the liquidity it needs to sustain operations for a reasonable period of time, which is considered to be at least one year from the date that the accompanying unaudited condensed financial statements are issued as it expects to continue to incur significant costs in pursuit of its acquisition plans. In addition, management has determined that if the Company is unable to complete an initial Business Combination within the Completion Window, then the Company will cease all operations except for the purpose of liquidating. These conditions raise substantial doubt about the Company's ability to continue as a going concern. Management plans to consummate an initial Business Combination prior to the end of the Completion Window. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after December 19, 2027. There can be no assurance that the Company's plans to raise capital or to consummate an initial Business Combination will be successful.”View the 10-Q filed Aug 14, 2026
Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.
Institutional Ownership Trend
Who Holds ADACW
Last 3 quarters through Sep 30, 2026 (filing window open)Each kind of 13F filer's share of the common shares 13F filers report. Holder type comes from regulatory records, never the filer's name; style, turnover and horizon are measured from each filer's own 13F book. The quarter selector does not change this card.
Jun 30, 2026, the newest closed quarter: 40 filers, like-for-like change +12.2%; actively managed books +12.2%.
| Holder type | Share | Filers | Change |
|---|---|---|---|
| Registered adviser | 71.2% | 23 | +6.9% |
| Exempt adviser | 0.5% | 1 | 0.0% |
| Bank | 0.2% | 2 | 0.0% |
| Benefit plan | 0.3% | 1 | 0.0% |
| Non-US | 16.1% | 5 | -0.2% |
| Unknown | 11.6% | 8 | +117.6% |
| Style | Share | Filers | Change |
|---|---|---|---|
| Systematic-like | 7.8% | 3 | 0.0% |
| Concentrated | 18.2% | 6 | +24.5% |
| Diversified active | 74.0% | 31 | +10.9% |
| Index-like | 0.0% | 0 | — |
| Turnover | Share | Filers | Change |
|---|---|---|---|
| Low turnover | 1.1% | 3 | +251.3% |
| Medium turnover | 63.0% | 19 | +3.3% |
| High turnover | 33.4% | 16 | +24.8% |
| Unknown | 2.5% | 2 | +131.9% |
| Holding horizon | Share | Filers | Change |
|---|---|---|---|
| Short horizon | 52.6% | 21 | +9.8% |
| Medium horizon | 16.3% | 3 | +49.6% |
| Long horizon | 15.8% | 8 | +5.4% |
| Unknown | 15.4% | 8 | -0.2% |
| 13F book size | Share | Filers | Change |
|---|---|---|---|
| Under $1B | 22.4% | 12 | +5.7% |
| $1B to $10B | 51.0% | 16 | +21.6% |
| $10B to $100B | 21.8% | 9 | +2.8% |
| $100B or more | 4.8% | 3 | 0.0% |
| Client base | Share | Filers | Change |
|---|---|---|---|
| Pooled investment vehicles | 70.8% | 22 | +7.0% |
| Registered funds and BDCs | 0.4% | 1 | 0.0% |
| Unknown | 28.8% | 17 | +27.8% |
| Private funds | Share | Filers | Change |
|---|---|---|---|
| Hedge funds | 69.6% | 23 | +7.1% |
| Other private funds | 2.2% | 1 | 0.0% |
| Private equity funds | 0.0% | 0 | — |
| Unknown | 28.2% | 16 | +28.4% |
| Location | Share | Filers | Change |
|---|---|---|---|
| United States | 71.2% | 27 | +5.7% |
| Outside the US | 28.8% | 13 | +32.1% |
The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.
How the mix is measured
Shares are 13F common shares restated to today's split basis; options and principal amounts are left out. The change compares only filers with a 13F in both quarters and keeps each filer in its bucket of the later quarter on both sides; a filer that continues under a new CIK is compared through its successor. Holder type comes from each filer's current regulatory profile; client base and private funds come from the Form ADV roster current at each quarter end (rosters from December 2019, so an earlier quarter reads Unknown). Style, turnover, horizon and book size are measured from each filer's 13F book in the newest measured quarter, and Not measured means none was. Actively managed books are those measured systematic-like, concentrated or diversified active.
Conviction and Crowding
40 13F filers, quarter ended Jun 30, 2026Measured across every 13F filer's common-share book once the quarter's filing window closed. Crowding counts filers with high turnover or that advise private funds on Form ADV.
Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).
Shared Holders
Companies ADACW's active holders also own, quarter ended Jun 30, 2026| # | Company | Shared holders |
|---|---|---|
| 1 | BLRK Bluerock Acquisition Corp. | 5 |
| 2 | SORN Soren Acquisition Corp. | 5 |
| 3 | LPCV Launchpad Cadenza Acquisition Corp I | 5 |
| 4 | IACO Idea Acquisition Corp. | 5 |
| 5 | SCPQ Social Commerce Partners Corp | 3 |
| 6 | AEAQ Activate Energy Acquisition Corp. | 5 |
| 7 | FGII FG Imperii Acquisition Corp. | 4 |
| 8 | FVN Future Vision II Acquisition Corp. | 3 |
| 9 | ARCI Archimedes Tech SPAC Partners III Co. | 3 |
| 10 | NMP NMP Acquisition Corp. | 3 |
Shareholder Targets
13F filers that own its peers but not ADACW, quarter ended Jun 30, 2026Found through its holder-overlap peers: BLRK, SORN, LPCV, IACO, SCPQ, AEAQ, FGII, FVN, ARCI, NMP, WTG, IEAG, SAAQ, ILLU, ITHA, CCII, MCGA, NOEM, ALOV, EVAC. 73 filers in all.
| # | Filer | In peers | Largest peers |
|---|---|---|---|
| 1 | BERKLEY W R CORP Insurer, Diversified active | $84,281,055 18 held | EVAC, MCGA, FGII |
| 2 | Verition Fund Management LLC Registered adviser, Diversified active | $58,069,241 13 held | IEAG, ARCI, FGII |
| 3 | Fort Baker Capital Management LP Registered adviser, Concentrated | $50,127,538 4 held | CCII, SAAQ, EVAC |
| 4 | MIZUHO SECURITIES USA LLC Unknown, Index-like | $48,498,944 11 held | MCGA, NMP, NOEM |
| 5 | METEORA CAPITAL, LLC Adviser, Diversified active | $40,810,902 9 held | CCII, MCGA, IEAG |
| 6 | First Trust Capital Management L.P. Registered adviser, Diversified active | $28,945,865 9 held | EVAC, IACO, BLRK |
| 7 | Schonfeld Strategic Advisors LLC Registered adviser, Diversified active | $22,799,897 17 held | IACO, ARCI, EVAC |
| 8 | Wealthspring Capital LLC Registered adviser, Diversified active | $19,259,195 5 held | ITHA, BLRK, AEAQ |
| 9 | Point72 Asset Management, L.P. Registered adviser, Systematic-like | $18,040,000 1 held | IEAG |
| 10 | HIGHBRIDGE CAPITAL MANAGEMENT LLC Registered adviser, Diversified active | $16,865,316 8 held | FGII, AEAQ, NMP |
Quarterly Activity
New and Sold Out count only filers that reported a 13F for both quarters: a first-time filer's book is not a buy, and a fund that has not filed, or withheld its positions under confidential treatment, has not sold.
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Mid ABC ARBITRAGE SA ADACW | — | — | 13,333 | Shares | 2026-10-23 |