FERAU · Fifth Era Acquisition Corp I · Holdings
Substantial doubt about the company's ability to continue as a going concern.
“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 Combination Period. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after March 3, 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 13, 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
Holder Concentration
Across 4 13F filers · Δ vs Mar 31, 2026Who Holds FERAU
Last 6 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: 4 filers, like-for-like change -84.1%; actively managed books -84.1%.
| Holder type | Share | Filers | Change |
|---|---|---|---|
| Registered adviser | 64.2% | 1 | 0.0% |
| Exempt adviser | 0.0% | 0 | -100.0% |
| Bank | 16.5% | 2 | -49.2% |
| Non-US | 0.0% | 0 | -100.0% |
| Adviser | 0.0% | 0 | — |
| Insurer | 0.0% | 0 | — |
| Broker-dealer | 0.0% | 0 | — |
| Unknown | 19.2% | 1 | +468.8% |
| Style | Share | Filers | Change |
|---|---|---|---|
| Systematic-like | 64.2% | 1 | 0.0% |
| Concentrated | 19.2% | 1 | +468.8% |
| Diversified active | 16.5% | 2 | -97.1% |
| Index-like | 0.0% | 0 | — |
| Not measured | 0.0% | 0 | — |
| Unknown | 0.0% | 0 | — |
| Turnover | Share | Filers | Change |
|---|---|---|---|
| Low turnover | 16.1% | 1 | -49.9% |
| Medium turnover | 0.5% | 1 | -1.3% |
| High turnover | 64.2% | 1 | -89.2% |
| Unknown | 19.2% | 1 | +468.8% |
| Not measured | 0.0% | 0 | — |
| Holding horizon | Share | Filers | Change |
|---|---|---|---|
| Short horizon | 19.2% | 1 | -94.8% |
| Medium horizon | 0.0% | 0 | -100.0% |
| Long horizon | 80.8% | 3 | -16.6% |
| Unknown | 0.0% | 0 | — |
| Not measured | 0.0% | 0 | — |
| 13F book size | Share | Filers | Change |
|---|---|---|---|
| Under $1B | 0.0% | 0 | -100.0% |
| $10B to $100B | 19.2% | 1 | -88.3% |
| $100B or more | 80.8% | 3 | -16.6% |
| $1B to $10B | 0.0% | 0 | — |
| Not measured | 0.0% | 0 | — |
| Client base | Share | Filers | Change |
|---|---|---|---|
| Pooled investment vehicles | 64.2% | 1 | 0.0% |
| Registered funds and BDCs | 0.0% | 0 | — |
| Individuals and high net worth | 0.0% | 0 | — |
| Other investment advisers | 0.0% | 0 | — |
| Unknown | 35.8% | 3 | -93.7% |
| Private funds | Share | Filers | Change |
|---|---|---|---|
| Hedge funds | 64.2% | 1 | 0.0% |
| Private funds, type not stated | 0.0% | 0 | -100.0% |
| Other private funds | 0.0% | 0 | — |
| Private equity funds | 0.0% | 0 | — |
| Unknown | 35.8% | 3 | -91.2% |
| Location | Share | Filers | Change |
|---|---|---|---|
| United States | 99.5% | 3 | -0.2% |
| Outside the US | 0.5% | 1 | -99.9% |
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
4 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).
Estimated Holder Cost Basis
Quarter ended Jun 30, 2026, on that quarter's share basisEstimated, 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 cost covers 80.8% 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 FERAU's active holders also own, quarter ended Jun 30, 2026| # | Company | Shared holders |
|---|---|---|
| 1 | SZZL Sizzle Acquisition Corp. II | 13 |
| 2 | MLAA Mountain Lake Acquisition Corp. II | 13 |
| 3 | TACH Titan Acquisition Corp. | 13 |
| 4 | SOUL Soulpower Acquisition Corp. | 13 |
| 5 | NPAC New Providence Acquisition Corp. III | 12 |
| 6 | DMII Drugs Made In America Acquisition II Corp. | 14 |
| 7 | DRDB Roman DBDR Acquisition Corp. II | 12 |
| 8 | IPCX Inflection Point Acquisition Corp. III | 11 |
| 9 | WENN WEN Acquisition Corp | 13 |
| 10 | MEVO M Evo Global Acquisition Corp II | 11 |
Shareholder Targets
13F filers that own its peers but not FERAU, quarter ended Jun 30, 2026Found through its holder-overlap peers: SZZL, MLAA, TACH, SOUL, NPAC, DMII, DRDB, IPCX, WENN, MEVO, LPAA, ZKP, GIW, RDAG, TACO, DBCA, MESH, KEYY, EMIS, KOYN. 86 filers in all.
| # | Filer | In peers | Largest peers |
|---|---|---|---|
| 1 | Polar Asset Management Partners Inc. Registered adviser, Systematic-like | $128,459,171 18 held | DBCA, DMII, MESH |
| 2 | SONA ASSET MANAGEMENT (US) LLC Registered adviser, Diversified active | $82,998,662 17 held | ZKP, MLAA, KEYY |
| 3 | Karpus Management, Inc. Adviser, Diversified active | $71,182,937 10 held | DMII, EMIS, GIW |
| 4 | METEORA CAPITAL, LLC Adviser, Diversified active | $70,404,791 16 held | RDAG, DBCA, KEYY |
| 5 | Centiva Capital, LP Registered adviser, Diversified active | $51,172,515 14 held | TACO, KEYY, DBCA |
| 6 | OMERS ADMINISTRATION Corp Benefit plan, Diversified active | $50,724,473 11 held | DMII, ZKP, MLAA |
| 7 | ADAGE CAPITAL PARTNERS GP, L.L.C. Registered adviser, Diversified active | $50,616,363 3 held | MEVO, MLAA, MESH |
| 8 | Ghisallo Capital Management LLC Registered adviser, Diversified active | $41,189,775 10 held | TACH, NPAC, DMII |
| 9 | Kryger Capital LLC Registered adviser, Concentrated | $38,322,120 4 held | ZKP, MLAA, MESH |
| 10 | Lineage Point Capital LP Adviser, Diversified active | $35,028,475 19 held | DBCA, WENN, DMII |
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. | +49,304 | 59,821 |
Top Sellers
vs Mar 31, 2026| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Mega JPMORGAN CHASE & CO | −49,900 | 50,000 | |
| Mega UBS Group AG | −20 | 1,472 |
Top New Positions
vs Mar 31, 2026Top Sold-Out Positions
vs Mar 31, 2026| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Small HGC Investment Management Inc. | 1,150,760 | $12,129,010 | |
| Large LMR Partners LLP | 500,000 | $5,270,000 |
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Mega MILLENNIUM MANAGEMENT LLC Registered adviser FERAU | $2,150,000 | 64.25% | 200,000 | Shares | 2026-08-14 | |
| Large Clear Street Group Inc. FERAU | $643,075 | 19.22% | 59,821 | Shares | 2026-08-12 | |
| Mega JPMORGAN CHASE & CO Bank FERAU | $537,500 | 16.06% | 50,000 | Shares | 2026-08-12 | |
| Mega UBS Group AG Bank FERAU | $15,824 | 0.47% | 1,472 | Shares | 2026-08-13 |