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.”
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.
The Sep 30, 2026 filing window is
still open — showing the latest known positions. Funds that have not filed yet
carry their prior-quarter positions; a fund that filed without this stock counts
as sold out. Each fund's Change is measured against its own
previous reported quarter, shown in the Reported column. Pick a
completed quarter in the Quarter selector below to put every
fund on one quarter and see the stock-wide activity breakdown.
Holders:40
Total Value:$85,797,022
Total Shares:8,664,823
Institutional Ownership Trend
2 quarters
Holder Concentration
Across 40 13F filers
Top Holder
7.6%
of institutional value
Top 5
28.5%
of institutional value
Top 10
47.5%
of institutional value
HHI
377
Broadly held
Who Holds FXAC
Last 2 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 —.
Holder type
Share
Filers
Change
New
Exited
Registered adviser
61.7%
23
new
23
0
Exempt adviser
3.5%
1
new
1
0
Adviser
6.1%
2
new
2
0
Bank
1.8%
2
new
2
0
Insurer
1.0%
1
new
1
0
Non-US
3.4%
1
new
1
0
Unknown
22.6%
10
new
10
0
Style
Share
Filers
Change
New
Exited
Systematic-like
12.6%
4
new
4
0
Concentrated
7.0%
5
new
5
0
Diversified active
80.5%
31
new
31
0
Turnover
Share
Filers
Change
New
Exited
Low turnover
6.5%
2
new
2
0
Medium turnover
36.1%
15
new
15
0
High turnover
51.4%
20
new
20
0
Unknown
5.9%
3
new
3
0
Holding horizon
Share
Filers
Change
New
Exited
Short horizon
45.7%
19
new
19
0
Medium horizon
16.0%
4
new
4
0
Long horizon
13.7%
6
new
6
0
Unknown
24.6%
11
new
11
0
13F book size
Share
Filers
Change
New
Exited
Under $1B
22.8%
12
new
12
0
$1B to $10B
53.3%
18
new
18
0
$10B to $100B
16.1%
6
new
6
0
$100B or more
7.9%
4
new
4
0
Client base
Share
Filers
Change
New
Exited
Pooled investment vehicles
54.2%
20
new
20
0
Registered funds and BDCs
7.5%
3
new
3
0
Unknown
38.3%
17
new
17
0
Private funds
Share
Filers
Change
New
Exited
Hedge funds
55.0%
20
new
20
0
Other private funds
4.6%
2
new
2
0
Private funds, type not stated
3.5%
1
new
1
0
No private funds
2.0%
1
new
1
0
Unknown
34.9%
16
new
16
0
Location
Share
Filers
Change
New
Exited
United States
85.5%
34
new
34
0
Outside the US
14.5%
6
new
6
0
The Sep 30, 2026 filing window is still open, so its
bar carries the Jun 30, 2026 positions of filers that have not filed yet.
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, 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 0.090%
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
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
0.08%
+0.08 pp
9,592
1
Active funds
0.00%
0.00 pp
0
0
Unclassified
0.00%
0.00 pp
0
0
All registered funds
0.08%
+0.08 pp
9,592
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.
