Substantial doubt about the company's ability to continue as a going concern.
“Therefore, management has determined that these conditions raise substantial doubt about the Company's ability to continue as a going concern until the earlier of the consummation of the Business Combination or the date the Company is required to liquidate.”
Volume · Oct 218008Avg daily vol (45 sessions)101.76K
FWACFuturewave Acquisition Corp$9.95
incl. div.
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 holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.
Holders:38
Total Value:$0
Total Shares:7,658,180
Who Holds FWAC
Last 1 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:
38 filers,
like-for-like change —.
Holder type
Share
Filers
Change
New
Exited
Registered adviser
71.0%
23
new
23
0
Exempt adviser
2.8%
2
new
2
0
Adviser
4.6%
1
new
1
0
Bank
1.5%
1
new
1
0
Insurer
1.3%
1
new
1
0
Non-US
2.3%
1
new
1
0
Unknown
16.5%
9
new
9
0
Style
Share
Filers
Change
New
Exited
Index-like
6.5%
1
new
1
0
Systematic-like
11.0%
5
new
5
0
Concentrated
8.6%
5
new
5
0
Diversified active
73.9%
27
new
27
0
Turnover
Share
Filers
Change
New
Exited
Low turnover
8.9%
3
new
3
0
Medium turnover
30.4%
16
new
16
0
High turnover
56.5%
17
new
17
0
Unknown
4.1%
2
new
2
0
Holding horizon
Share
Filers
Change
New
Exited
Short horizon
50.6%
18
new
18
0
Medium horizon
17.8%
5
new
5
0
Long horizon
6.4%
5
new
5
0
Unknown
25.2%
10
new
10
0
13F book size
Share
Filers
Change
New
Exited
Under $1B
26.6%
12
new
12
0
$1B to $10B
56.8%
18
new
18
0
$10B to $100B
12.6%
6
new
6
0
$100B or more
4.0%
2
new
2
0
Client base
Share
Filers
Change
New
Exited
Pooled investment vehicles
66.0%
20
new
20
0
Registered funds and BDCs
5.0%
3
new
3
0
Unknown
29.0%
15
new
15
0
Private funds
Share
Filers
Change
New
Exited
Hedge funds
67.2%
21
new
21
0
Other private funds
4.7%
3
new
3
0
Private funds, type not stated
2.0%
1
new
1
0
Unknown
26.2%
13
new
13
0
Location
Share
Filers
Change
New
Exited
United States
92.1%
33
new
33
0
Outside the US
7.9%
5
new
5
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
38 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
0.000% of filers hold it in their top 10
Holders above 5%
0
median weight —
Crowding
—
no cover-page share count is dated within about a year of the quarter end
Private-fund advisers
—
of shares outstanding
Institutional ownership
—
no cover-page share count is dated within about a year of the quarter end
Managers in the top fifth by current three-year FundScore alpha were net
buyers of $0
(0 buying, 0 selling).
Shareholder Targets
13F filers that own its peers but not FWAC, quarter ended Jun 30, 2026
FWAC has no holder-overlap peers, so these filers hold the largest Financial Services stocks: JPM, V, BRK-B, MA, BAC, MS, GS, AXP, WFC, C, SCHW, RY, CB, BLK, PGR, COF, SPGI, TD, BNY, PNC.
6,557 filers in all.
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
0.10%
+0.10 pp
13,000
1
Active funds
0.00%
0.00 pp
0
0
Unclassified
0.00%
0.00 pp
0
0
All registered funds
0.10%
+0.10 pp
13,000
1
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.
