CHECU · Chenghe Acquisition III 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 Combination 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 mandatory liquidation date. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after March 17, 2027. The Company cannot assure its shareholders that its plans to raise capital or to consummate an initial Business Combination will be successful.”View the 10-Q filed Aug 5, 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 CHECU
Last 4 quarters through Jun 30, 2026Each 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: 10 filers, like-for-like change -18.3%; actively managed books -18.3%.
| Holder type | Share | Filers | Change |
|---|---|---|---|
| Registered adviser | 28.8% | 4 | -43.7% |
| Exempt adviser | 44.7% | 1 | 0.0% |
| Bank | 8.4% | 2 | 0.0% |
| Adviser | 0.0% | 0 | — |
| Non-US | 0.0% | 0 | — |
| Holding company | 0.0% | 0 | — |
| Insurer | 0.0% | 0 | — |
| Unknown | 18.0% | 3 | +0.1% |
| Style | Share | Filers | Change |
|---|---|---|---|
| Systematic-like | 65.4% | 4 | 0.0% |
| Concentrated | 12.4% | 1 | +0.3% |
| Diversified active | 22.2% | 5 | -50.2% |
| Index-like | 0.0% | 0 | — |
| Not measured | 0.0% | 0 | — |
| Turnover | Share | Filers | Change |
|---|---|---|---|
| Low turnover | 8.1% | 1 | 0.0% |
| Medium turnover | 8.4% | 2 | -72.7% |
| High turnover | 67.9% | 5 | -0.1% |
| Unknown | 15.6% | 2 | +0.3% |
| Not measured | 0.0% | 0 | — |
| Holding horizon | Share | Filers | Change |
|---|---|---|---|
| Short horizon | 15.6% | 2 | -58.9% |
| Medium horizon | 44.7% | 1 | 0.0% |
| Long horizon | 25.4% | 5 | -0.1% |
| Unknown | 14.2% | 2 | -0.1% |
| Not measured | 0.0% | 0 | — |
| 13F book size | Share | Filers | Change |
|---|---|---|---|
| Under $1B | 3.3% | 1 | 0.0% |
| $1B to $10B | 44.7% | 1 | -33.3% |
| $10B to $100B | 43.1% | 5 | +0.1% |
| $100B or more | 8.9% | 3 | -0.3% |
| Not measured | 0.0% | 0 | — |
| Client base | Share | Filers | Change |
|---|---|---|---|
| Pooled investment vehicles | 20.7% | 3 | -0.1% |
| Registered funds and BDCs | 8.1% | 1 | -73.3% |
| Individuals and high net worth | 0.0% | 0 | — |
| Unknown | 71.2% | 6 | 0.0% |
| Private funds | Share | Filers | Change |
|---|---|---|---|
| Hedge funds | 20.7% | 3 | -0.1% |
| Other private funds | 8.1% | 1 | 0.0% |
| Private funds, type not stated | 44.7% | 1 | 0.0% |
| No private funds | 0.0% | 0 | -100.0% |
| Unknown | 26.4% | 5 | +0.1% |
| Location | Share | Filers | Change |
|---|---|---|---|
| United States | 46.9% | 7 | -32.3% |
| Outside the US | 53.1% | 3 | 0.0% |
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
10 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 CHECU's active holders also own, quarter ended Jun 30, 2026| # | Company | Shared holders |
|---|---|---|
| 1 | OBA Oxley Bridge Acquisition Ltd | 5 |
| 2 | SPEG Silver Pegasus Acquisition Corp. | 3 |
| 3 | KFII K&F Growth Acquisition Corp. II | 4 |
| 4 | SVCC Stellar V Capital Corp. (Cayman Islands) | 4 |
| 5 | LWAC LightWave Acquisition Corp. | 4 |
| 6 | KOYN CSLM Digital Asset Acquisition Corp III, Ltd | 4 |
| 7 | WENN WEN Acquisition Corp | 4 |
| 8 | CRAQ Cal Redwood Acquisition Corp. | 3 |
| 9 | BLUW Blue Water Acquisition Corp. III | 3 |
| 10 | AEAQ Activate Energy Acquisition Corp. | 4 |
Shareholder Targets
13F filers that own its peers but not CHECU, quarter ended Jun 30, 2026Found through its holder-overlap peers: OBA, SPEG, KFII, SVCC, LWAC, KOYN, WENN, CRAQ, BLUW, AEAQ, ARTC, TVAI, BHAV, AACP, PACH, BDCI, LPBB, OYSE, BPAC, APXT. 68 filers in all.
| # | Filer | In peers | Largest peers |
|---|---|---|---|
| 1 | ADAGE CAPITAL PARTNERS GP, L.L.C. Registered adviser, Diversified active | $50,682,500 3 held | APXT, AEAQ, BDCI |
| 2 | COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Unknown, Diversified active | $49,521,961 15 held | PACH, LWAC, APXT |
| 3 | First Trust Capital Management L.P. Registered adviser, Diversified active | $46,373,710 13 held | BDCI, APXT, WENN |
| 4 | Wealthspring Capital LLC Registered adviser, Diversified active | $42,416,518 10 held | PACH, KOYN, APXT |
| 5 | Parallax Volatility Advisers, L.P. Registered adviser, Diversified active | $38,491,984 12 held | WENN, KOYN, SPEG |
| 6 | OMERS ADMINISTRATION Corp Benefit plan, Diversified active | $30,896,547 8 held | APXT, PACH, OBA |
| 7 | HGC Investment Management Inc. Non-US, Diversified active | $30,041,054 7 held | PACH, WENN, TVAI |
| 8 | MANGROVE PARTNERS IM, LLC Registered adviser, Diversified active | $29,245,118 7 held | LWAC, KFII, TVAI |
| 9 | GOLDMAN SACHS GROUP INC Holding company, Index-like | $26,751,251 7 held | LPBB, SVCC, KFII |
| 10 | Anson Funds Management LP Registered adviser, Diversified active | $25,670,050 1 held | BLUW |
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.
Top Buyers
vs Mar 31, 2026| Institution | Added | Now Holds | Open |
|---|---|---|---|
| Large Clear Street Group Inc. | +482 | 151,915 |
Top Sellers
vs Mar 31, 2026| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Mega MILLENNIUM MANAGEMENT LLC | −381 | 99,175 | |
| Large HRT FINANCIAL LP | −189 | 30,000 |
Top New Positions
vs Mar 31, 2026Top Sold-Out Positions
vs Mar 31, 2026| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Mid Westchester Capital Management, LLC | 275,000 | $2,785,748 |
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Large HRT FINANCIAL LP CHECU | — | — | 30,000 | Shares | 2026-08-14 | |
| Large Calamos Advisors LLC Registered adviser CHECU | — | — | 100,000 | Shares | 2026-07-31 | |
| Mega MILLENNIUM MANAGEMENT LLC Registered adviser CHECU | — | — | 99,175 | Shares | 2026-08-14 | |
| Large TORONTO DOMINION BANK Bank CHECU | — | — | 102,895 | Shares | 2026-08-14 | |
| Small Lineage Point Capital LP CHECU | — | — | 40,025 | Shares | 2026-08-14 | |
| Mega UBS Group AG Bank CHECU | — | — | 357 | Shares | 2026-08-13 | |
| Large LMR Partners LLP Exempt adviser CHECU | — | — | 550,000 | Shares | 2026-08-14 | |
| Large Clear Street Group Inc. CHECU | — | — | 151,915 | Shares | 2026-08-12 | |
| Mega CITADEL ADVISORS LLC Registered adviser CHECU | — | — | 10,466 | Shares | 2026-09-02 | |
| Large Walleye Capital LLC Registered adviser CHECU | — | — | 144,955 | Shares | 2026-08-03 |