BCARU · D. Boral ARC Acquisition I Corp. · Holdings

$5.17 At close · Aug 27

Market Cap

$212.80M

41.20M

Volume · Aug 27 2957 Avg daily vol (3M) 14.21K

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.

Use institutional holdings through the 13F API or MCP → See every holder of BCARU: 13F, 13D and 13G, insiders and funds →

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 64

Total Value: $5,170,580

Total Shares: 31,230,095

Institutional Ownership Trend

4 quarters

Holder Concentration

Across 64 13F filers · Δ vs Mar 31, 2026

Top Holder

43.3%

−50.6 pts

Top 5

96.5%

−3.5 pts

Top 10

100.0%

0.0 pts

HHI

2,919

Highly concentrated−5,937

Who Holds BCARU

Last 4 quarters through Jun 30, 2026

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: 64 filers, like-for-like change -14.6%; actively managed books -14.8%; index-like books 0.0%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	65.7%	38	-14.9%	10	9
Exempt adviser	6.1%	3	+10.3%	0	0
Adviser	1.2%	1	-76.6%	0	2
Bank	2.5%	6	+77.2%	1	0
Insurer	0.0%	0	-100.0%	0	1
Broker-dealer	2.4%	1	new	1	0
Benefit plan	2.4%	1	0.0%	0	0
Non-US	1.1%	2	-38.4%	0	1
Holding company	0.0%	1	-39.7%	0	0
Unknown	18.6%	11	-18.4%	1	8

Style	Share	Filers	Change	New	Exited
Index-like	1.4%	3	0.0%	0	0
Systematic-like	18.0%	11	-5.3%	2	3
Concentrated	8.0%	10	+50.7%	5	3
Diversified active	72.6%	40	-20.6%	6	15
Not measured	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	3.6%	10	+41.8%	4	1
Medium turnover	38.0%	26	-19.1%	2	5
High turnover	53.9%	23	-8.3%	6	13
Unknown	4.5%	5	-49.3%	1	2
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	57.1%	25	-22.0%	3	9
Medium horizon	20.7%	10	+8.4%	3	0
Long horizon	12.4%	16	+6.0%	3	4
Unknown	9.8%	13	-25.7%	4	8
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	33.3%	20	-19.5%	3	8
$1B to $10B	51.9%	26	-10.7%	7	8
$10B to $100B	5.9%	8	-16.2%	2	2
$100B or more	8.9%	10	-16.4%	1	3
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	0.5%	3	new	3	0
Pooled investment vehicles	62.9%	30	-13.1%	7	7
Registered funds and BDCs	2.2%	4	-53.3%	0	2
Diversified	0.0%	1	0.0%	0	0
Charitable organizations	0.0%	0	—	0	0
Unknown	34.3%	26	-14.1%	3	12

Private funds	Share	Filers	Change	New	Exited
Hedge funds	61.0%	31	-18.3%	6	8
Private equity funds	1.8%	2	+17.4%	1	0
Other private funds	3.0%	2	+379.9%	1	0
Private funds, type not stated	5.1%	1	+15.8%	0	0
No private funds	0.9%	5	-44.6%	2	1
Unknown	28.2%	23	-18.0%	3	12

Location	Share	Filers	Change	New	Exited
United States	86.2%	55	-16.6%	12	19
Outside the US	13.8%	9	+0.4%	1	2

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

6 13F filers, quarter ended Jun 30, 2026

Measured 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.

Conviction holders

0.000% of filers hold it in their top 10

Mar 31, 2026: 0

Holders above 5%

median weight 0.003%

Mar 31, 2026: 0

Crowding

—

the issuer has more than one class of common stock, so its count is the total across classes

Private-fund advisers

—

of shares outstanding

Institutional ownership

—

the issuer has more than one class of common stock, so its count is the total across classes

Top 10 holders

100.0%

of 13F shares, Herfindahl 0.303

Active holders

-10.3%

like-for-like share change of active filers

5% stakes on record

0 13D, 0 13G

How long holders have held it value-weighted 3.9 quarters

Under 1 year 6.45% 1 to 3 years 93.6% 3 years or more 0.000% Since coverage start 0.000%

Managers in the top fifth by current three-year FundScore alpha were net buyers of $0 (0 buying, 0 selling).

Estimated Holder Cost Basis

Quarter ended Jun 30, 2026, on that quarter's share basis

Estimated, never filed: each 13F buy is costed at its quarter's average traded price and each sale keeps the average cost, so this is what holders paid on average if they traded evenly through each quarter.

Estimated avg cost

$9.98

estimated per share

Mar 31, 2026: $9.98

Quarter-end price

$11.35

implied by 13F values

Estimated gain or loss

+13.7%

price against the estimated cost

Estimated at a loss

0.000%

of costed 13F value

Estimated cost covers 61.5% of the 13F shares; positions already held when a filer's 13F history starts, or bought in a quarter without a trusted average price, have no estimate.

Shared Holders

Companies BCARU's active holders also own, quarter ended Dec 31, 2025

#	Company	Shared holders	Similarity
1	GTERA Globa Terra Acquisition Corp	3	0.463

Shareholder Targets

13F filers that own its peers but not BCARU, quarter ended Dec 31, 2025

Found through its holder-overlap peers: GTERA. 11 filers in all.

#	Filer	In peers	Of book	Largest peers
1	Yakira Capital Management, Inc. Registered adviser, Diversified active	$4,932,940 1 held	3.08%	GTERA
2	First Trust Capital Management L.P. Registered adviser, Diversified active	$4,783,188 1 held	0.660%	GTERA
3	RiverPark Advisors, LLC Registered adviser, Diversified active	$3,535,000 1 held	1.95%	GTERA
4	Logan Stone Capital, LLC Registered adviser, Diversified active	$1,414,141 1 held	0.400%	GTERA
5	CITADEL ADVISORS LLC Registered adviser, Systematic-like	$1,132,557 1 held	0.000%	GTERA
6	BlueCrest Capital Management Ltd Unknown, Concentrated	$1,019,333 1 held	0.130%	GTERA
7	Lineage Point Capital LP Unknown, Diversified active	$1,011,980 1 held	0.450%	GTERA
8	L1 Global Manager Pty Ltd Unknown, Diversified active	$1,010,000 1 held	0.750%	GTERA
9	ADAR1 Capital Management, LLC Registered adviser, Diversified active	$514,000 1 held	0.040%	GTERA
10	Quarry LP Unknown, Diversified active	$511,471 1 held	0.130%	GTERA

Fund Ownership of BCARU by Fund Type

Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026

Index funds and index ETFs hold 0.00% of shares outstanding.

Fund type	Of shares outstanding	Change	Shares	Funds
Index funds	0.00%	0.00 pp	0	0
Index ETFs	0.00%	0.00 pp	0	0
Active ETFs	0.00%	-0.02 pp	0	0
Active funds	0.87%	-0.43 pp	357,205	2
Unclassified	0.00%	0.00 pp	0	0
All registered funds	0.87%	-0.45 pp	357,205	2

How fund types are measured

Each fund series counts once, with its latest Form N-PORT report dated inside the quarter; only long share positions count, restated to today's split basis. The fund type is the series' latest Form N-CEN answer on or before the quarter end (the index-fund box and the exchange-traded flag), never its name. Unclassified funds have no usable N-CEN; unit investment trusts are among them, so index ownership is a floor. Funds sit inside their advisers' 13F reports, so these shares overlap the 13F figures and are never added to them.

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

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 count: -8

Institutional value: -74.0%

Shares held: -14.8%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mid CANTOR FITZGERALD, L. P.	+490,103	542,544
Mid Saba Capital Management, L.P.	+291,374	397,682
Large LMR Partners LLP	+217,832	1,592,832
Small FNY Investment Advisers, LLC	+198,218	288,889
Mega Qube Research & Technologies Ltd	+178,979	226,969

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Mid GLAZER CAPITAL, LLC	−1,075,215	20,000
Mid METEORA CAPITAL, LLC	−1,025,685	385,793
Small RLH Capital LLC	−958,220	888,263
Mid Quarry LP	−694,292	612,615
Mid ARISTEIA CAPITAL, L.L.C.	−636,194	774,665

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Mid SONA ASSET MANAGEMENT (US) LLC	750,000	$0
Large Walleye Capital LLC	176,137	$0
Mega BARCLAYS PLC	512,228	$0
Mid Fort Baker Capital Management LP	397,650	$0
Large Centiva Capital, LP	200,521	$0

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Small Crossingbridge Advisors, LLC	110,326	$1,116,499
Mid WOLVERINE ASSET MANAGEMENT LLC	78,576	$0
Small O'Connor Alternative Investments LLC	125,000	$0
Mega TWO SIGMA INVESTMENTS, LP	885,577	$0
Mid RIVERNORTH CAPITAL MANAGEMENT, LLC	324,512	$0

Filter: New 13 Increased 14 Reduced 26 Sold out 21 Unchanged 11

Holder type: Registered adviser 38 Exempt adviser 3 Adviser 1 Bank 6 Broker-dealer 1 Benefit plan 1 Non-US 2 Holding company 1 Unknown 11

Showing 93 of 93

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Calamos Advisors LLC

$2,240,558

43.33%

197,406

Clear Street Group Inc.

$1,435,252

27.76%

126,454

JPMORGAN CHASE & CO

$566,353

10.95%

49,899

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Securities LLC	49,899	$566,353	100.0%	Defined

HRT FINANCIAL LP

$323,043

6.25%

28,462

CITIGROUP INC

$273,535

5.29%

24,100

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	24,100	$273,535	100.0%	Defined

Rangeley Capital, LLC

$172,962

3.35%

15,239

JPMORGAN CHASE & CO BCARW

$150,714

2.91%

89,180

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Securities LLC	89,180	$150,714	100.0%	Defined

HIGHBRIDGE CAPITAL MANAGEMENT LLC BCARW

$8,163

0.16%

4,830

LMR Partners LLP BCARW

—

692,832

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
LMR PARTNERS (DIFC) Ltd	692,832	$0	—	Sole

BANK OF AMERICA CORP /DE/ BCAR

—

76,906

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BOFA SECURITIES, INC.	76,906	$0	—	Defined

Shaolin Capital Management LLC BCAR

—

42,929

FNY Investment Advisers, LLC BCAR

—

288,889

PRELUDE CAPITAL MANAGEMENT, LLC BCAR

—

25,000

Shay Capital LLC BCAR

—

823,786

PRELUDE CAPITAL MANAGEMENT, LLC BCARW

—

150,000

ARISTEIA CAPITAL, L.L.C. BCARW

—

333,954

LEVIN CAPITAL STRATEGIES, L.P. BCAR

—

26,555

WHITEBOX ADVISORS LLC BCARW

—

325,000

D. E. Shaw & Co., Inc. BCARW

—

225,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
D. E. SHAW & CO, L.P.	225,000	$0	—	Defined

Clear Street Group Inc. BCARW

—

50,000

PenderFund Capital Management Ltd. BCAR

—

21,400

Fort Baker Capital Management LP BCAR

—

397,650

DLD Asset Management, LP BCARW

—

180,709

Walleye Capital LLC BCAR

—

51,137

Linden Advisors LP BCAR

—

1,558,729

Harraden Circle Investments, LLC BCAR

—

2,643,991

Polar Asset Management Partners Inc. BCARW

—

520,651

Westchester Capital Management, LLC BCAR

—

99,178

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
WESTCHESTER CAPITAL PARTNERS, LLC	1,403	$0	—	Sole
Virtus Investment Advisers, LLC	85,510	$0	—	Other
Held directly	12,265	$0	—	Sole

Kepos Capital LP BCARW

—

39,900

MILLENNIUM MANAGEMENT LLC BCAR

—

45,956

Point72 Asset Management, L.P. BCARW

—

80,000

ELEMENT CAPITAL MANAGEMENT LLC BCAR

—

100,000

Galaxy Digital Inc. BCAR

—

100,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Galaxy Digital LLC joint	100,000	$0	—	Defined

Shaolin Capital Management LLC BCARW

—

105,160

Periscope Capital Inc. BCARW

—

30,000

Alpha Wave Global, LP BCAR

—

197,763

Magnetar Financial LLC BCARW

—

237,500

Harraden Circle Investments, LLC BCARW

—

2,574,680

Jacksonville Wealth Management, LLC BCAR

—

27,500

HRT FINANCIAL LP BCAR

—

63,426

Quarry LP BCAR

—

612,615

Centiva Capital, LP BCARW

—

200,521

Clear Street Group Inc. BCAR

—

100,000

RLH Capital LLC BCAR

—

888,263

Jain Global LLC BCAR

—

140,000

CANTOR FITZGERALD, L. P. BCARW

—

121,349

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Cantor Fitzgerald & Co.	121,349	$0	—	Defined

Governors Lane LP BCAR

—

335,069

GLAZER CAPITAL, LLC BCAR

—

20,000

MORGAN STANLEY BCAR

—

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY CAPITAL SERVICES, LLC	38	$0	—	Defined

OMERS ADMINISTRATION Corp BCARW

—

250,000

Walleye Capital LLC BCARW

—

125,000

BNP PARIBAS ARBITRAGE, SA BCAR

—

180,721

MIZUHO SECURITIES USA LLC BCAR

—

400,505

Creek Drive Management Group LLC BCAR

—

116,000

Linden Advisors LP BCARW

—

1,178,340

First Trust Capital Management L.P. BCAR

—

358,733

Saba Capital Management, L.P. BCARW

—

397,682

BARCLAYS PLC BCAR

—

12,228

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS BANK PLC	12,228	$0	—	Defined

HIGHBRIDGE CAPITAL MANAGEMENT LLC BCAR

—

1,471,132

Radcliffe Capital Management, L.P. BCAR

—

190,004

Context Capital Management, LLC BCARW

—

149,300

METEORA CAPITAL, LLC BCAR

—

385,793

TENOR CAPITAL MANAGEMENT Co., L.P. BCAR

—

1,000,000

Periscope Capital Inc. BCAR

—

50,000

Stoic Point Capital Management LLC BCAR

—

24,800

BNP PARIBAS ARBITRAGE, SA BCARW

—

150,651

WHITEBOX ADVISORS LLC BCAR

—

650,000

ARISTEIA CAPITAL, L.L.C. BCAR

—

440,711

AQR Arbitrage LLC BCAR

—

391,817

BARCLAYS PLC BCARW

—

500,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS BANK PLC	500,000	$0	—	Defined

PEAK6 LLC BCARW

—

675,984

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
PEAK6 Investments LLC joint	675,984	$0	—	Defined

LONGFELLOW INVESTMENT MANAGEMENT CO LLC BCAR

—

966

AQR Arbitrage LLC BCARW

—

479,120

TENOR CAPITAL MANAGEMENT Co., L.P. BCARW

—

125,000

Context Capital Management, LLC BCAR

—

205,099

Polar Asset Management Partners Inc. BCAR

—

488,064

D. E. Shaw & Co., Inc. BCAR

—

1,385,950

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
D. E. SHAW & CO, L.P.	1,385,950	$0	—	Defined

Rangeley Capital, LLC BCAR

—

61,150

TORONTO DOMINION BANK BCAR

—

15,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
TD SECURITIES (USA) LLC	15,000	$0	—	Defined

SONA ASSET MANAGEMENT (US) LLC BCAR

—

750,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SONA ASSET MANAGEMENT (UK) LLP	750,000	$0	—	Other

LMR Partners LLP BCAR

—

900,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
LMR PARTNERS (DIFC) Ltd	900,000	$0	—	Sole

LONGFELLOW INVESTMENT MANAGEMENT CO LLC BCARW

—

4,113

DLD Asset Management, LP BCAR

—

424,828

HRT FINANCIAL LP BCARW

—

28,963

CANTOR FITZGERALD, L. P. BCAR

—

421,195

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Cantor Fitzgerald & Co.	421,195	$0	—	Defined

Gladstone Institutional Advisory LLC BCAR

—

103,995

GEODE CAPITAL MANAGEMENT, LLC BCAR

—

39,178

Qube Research & Technologies Ltd BCAR

—

226,969

Magnetar Financial LLC BCAR

—

475,000

OMERS ADMINISTRATION Corp BCAR

—

500,000

UBS Group AG BCAR

—

85,000

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Securities LLC	85,000	$0	—	Defined

MOORE CAPITAL MANAGEMENT, LP BCAR

—

250,000

PEAK6 LLC BCAR

—

71,498

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
PEAK6 Investments LLC joint	71,498	$0	—	Defined

Key facts CIK 2065779 CUSIP G2616F127