LPBB · Launch Two Acquisition Corp. · Holdings

$10.80 +0.01 (+0.09%) At close · Oct 21

Market Cap

$309.93M

28.75M

Volume · Oct 21 6315 Avg daily vol (3M) 65.63K

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 LPBB: 13F, 13D and 13G, insiders and funds →

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.

Quarter:

Holders: 60

Total Value: $240,006,094

Total Shares: 32,653,176

Institutional Ownership Trend

8 quarters

Holder Concentration

Across 60 13F filers

Top Holder

8.8%

of institutional value

Top 5

30.3%

of institutional value

Top 10

51.4%

of institutional value

HHI

380

Broadly held

Who Holds LPBB

Last 8 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: 60 filers, like-for-like change -0.7%; actively managed books -2.8%; index-like books +60.0%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	52.9%	32	+2.4%	2	1
Exempt adviser	5.9%	2	-0.8%	0	0
Adviser	1.9%	3	-68.8%	1	0
Bank	1.5%	3	+47.8%	0	0
Insurer	2.6%	1	+3.8%	0	0
Non-US	11.8%	4	0.0%	0	0
Holding company	2.2%	2	0.0%	0	0
Broker-dealer	0.0%	0	—	0	0
Unknown	21.2%	13	+9.5%	3	1

Style	Share	Filers	Change	New	Exited
Index-like	5.5%	3	+60.0%	0	0
Systematic-like	8.8%	5	-0.3%	0	0
Concentrated	14.3%	3	0.0%	0	0
Diversified active	71.4%	49	-3.6%	6	2
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	6.6%	5	+46.1%	1	0
Medium turnover	58.6%	27	+1.5%	2	1
High turnover	33.3%	24	-10.4%	1	1
Unknown	1.6%	4	+19.0%	2	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	40.0%	25	-7.3%	2	1
Medium horizon	20.1%	5	+12.7%	1	0
Long horizon	16.1%	15	+1.8%	2	0
Unknown	23.8%	15	-0.4%	1	1
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	19.2%	20	-2.5%	3	1
$1B to $10B	50.5%	21	-0.1%	2	1
$10B to $100B	21.4%	11	-0.4%	1	0
$100B or more	8.9%	8	-0.5%	0	0
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	0.5%	2	+1.0%	1	0
Pooled investment vehicles	45.0%	25	+2.8%	1	1
Registered funds and BDCs	6.1%	3	-0.1%	0	0
Charitable organizations	0.7%	1	0.0%	0	0
Other investment advisers	0.8%	1	0.0%	0	0
Diversified	0.0%	0	—	0	0
Unknown	47.1%	28	-3.9%	4	1

Private funds	Share	Filers	Change	New	Exited
Hedge funds	49.7%	28	+2.4%	1	1
Private equity funds	0.8%	1	0.0%	0	0
Other private funds	0.3%	1	0.0%	0	0
Private funds, type not stated	4.6%	1	0.0%	0	0
No private funds	3.4%	2	-0.1%	0	0
Real estate funds	0.0%	1	new	1	0
Unknown	41.2%	26	-4.3%	4	1

Location	Share	Filers	Change	New	Exited
United States	70.8%	47	-1.0%	6	1
Outside the US	29.2%	13	0.0%	0	1

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

52 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

1.92% of filers hold it in their top 10

Mar 31, 2026: 1

Holders above 5%

median weight 0.173%

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

51.4%

of 13F shares, Herfindahl 0.038

Active holders

-3.0%

like-for-like share change of active filers

5% stakes on record

0 13D, 3 13G (1 institutional, 1 passive, 1 exempt)

How long holders have held it value-weighted 6.1 quarters

Under 1 year 5.31% 1 to 3 years 94.7% 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

$10.24

estimated per share

Mar 31, 2026: $10.22

Quarter-end price

$10.72

implied by 13F values

Estimated gain or loss

+4.7%

price against the estimated cost

Estimated at a loss

0.000%

of costed 13F value

Estimated cost covers 42.2% 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 LPBB's active holders also own, quarter ended Jun 30, 2026

#	Company	Shared holders	Similarity
1	LCCC Lakeshore Acquisition III Corp.	4	0.707
2	ALDF Aldel Financial II Inc.	5	0.559
3	NOEM CO2 Energy Transition Corp.	4	0.535
4	POLE Andretti Acquisition Corp. II	6	0.514
5	SPEG Silver Pegasus Acquisition Corp.	3	0.474
6	DYNC Dynamix Corp	5	0.472
7	KFII K&F Growth Acquisition Corp. II	4	0.471
8	SVCC Stellar V Capital Corp. (Cayman Islands)	4	0.471
9	CHAR Charlton Aria Acquisition Corp	4	0.471
10	IPEX Inflection Point Acquisition Corp. V	4	0.447

Shareholder Targets

13F filers that own its peers but not LPBB, quarter ended Jun 30, 2026

Found through its holder-overlap peers: LCCC, ALDF, NOEM, POLE, SPEG, DYNC, KFII, SVCC, CHAR, IPEX, LPAA, ORIQ, BLUW, NBRG, CHEC, CHPG, ONEN, TACH, QADR, SCII. 77 filers in all.

#	Filer	In peers	Of book	Largest peers
1	First Trust Capital Management L.P. Registered adviser, Diversified active	$57,174,385 8 held	5.34%	LPAA, CHAR, SCII
2	ARISTEIA CAPITAL, L.L.C. Registered adviser, Diversified active	$48,181,228 13 held	1.84%	QADR, NOEM, ORIQ
3	Crossingbridge Advisors, LLC Adviser, Diversified active	$41,374,415 10 held	8.13%	TACH, ONEN, POLE
4	Harraden Circle Investments, LLC Registered adviser, Diversified active	$38,136,643 3 held	6.50%	ALDF, BLUW, CHAR
5	Ghisallo Capital Management LLC Registered adviser, Diversified active	$29,331,250 5 held	0.700%	TACH, ALDF, QADR
6	Anson Funds Management LP Registered adviser, Diversified active	$25,670,050 1 held	2.70%	BLUW
7	MANGROVE PARTNERS IM, LLC Registered adviser, Diversified active	$22,900,774 7 held	1.55%	KFII, SPEG, SCII
8	ADAGE CAPITAL PARTNERS GP, L.L.C. Registered adviser, Diversified active	$19,720,500 2 held	0.030%	QADR, DYNC
9	HEIGHTS CAPITAL MANAGEMENT, INC Unknown, Diversified active	$19,313,166 14 held	5.49%	NBRG, ORIQ, CHPG
10	Calamos Advisors LLC Registered adviser, Diversified active	$18,204,750 3 held	0.090%	POLE, SVCC, QADR

Fund Ownership of LPBB 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	Shares	Funds
Index funds	0.00%	0	0
Index ETFs	0.00%	0	0
Active ETFs	0.03%	8,656	1
Active funds	0.19%	55,000	1
Unclassified	0.00%	0	0
All registered funds	0.22%	63,656	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.

Holder type: Registered adviser 32 Exempt adviser 2 Adviser 3 Bank 3 Insurer 1 Non-US 4 Holding company 2 Unknown 13

Showing 94 of 94

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Magnetar Financial LLC

$21,225,600

8.84%

1,980,000

AQR Arbitrage LLC

$14,423,695

6.01%

1,345,494

Linden Advisors LP

$13,901,696

5.79%

1,296,800

D. E. Shaw & Co., Inc.

$12,204,720

5.09%

1,138,500

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.	1,138,500	$12,204,720	100.0%	Defined

MIZUHO SECURITIES USA LLC

$11,588,395

4.83%

1,081,007

LMR Partners LLP

$10,720,000

4.47%

1,000,000

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	1,000,000	$10,720,000	100.0%	Sole

Mint Tower Capital Management B.V.

$10,505,600

4.38%

980,000

Alberta Investment Management Corp

$10,505,600

4.38%

980,000

Westchester Capital Management, LLC

$10,183,999

4.24%

950,000

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

Manager	Shares	Value (USD)	% of position	Discretion
Virtus Investment Advisers, LLC	902,722	$9,677,179	95.0%	Other
Held directly	47,278	$506,820	5.0%	Sole

BERKLEY W R CORP

$9,089,852

3.79%

847,934

PICTON MAHONEY ASSET MANAGEMENT

$8,576,000

3.57%

800,000

GOLDMAN SACHS GROUP INC

$7,675,712

3.20%

716,018

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

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	716,018	$7,675,712	100.0%	Defined

GLAZER CAPITAL, LLC

$7,627,440

3.18%

711,515

Verition Fund Management LLC

$7,036,554

2.93%

656,395

HIGHBRIDGE CAPITAL MANAGEMENT LLC

$6,732,470

2.81%

628,029

RIVERNORTH CAPITAL MANAGEMENT, LLC

$6,042,392

2.52%

563,656

TWO SIGMA INVESTMENTS, LP

$5,360,000

2.23%

500,000

Polar Asset Management Partners Inc.

$5,358,928

2.23%

499,900

TENOR CAPITAL MANAGEMENT Co., L.P.

$5,252,231

2.19%

489,947

MMCAP International Inc. SPC

$5,145,600

2.14%

480,000

Radcliffe Capital Management, L.P.

$4,337,880

1.81%

404,653

Yakira Capital Management, Inc.

$4,247,553

1.77%

396,227

WHITEBOX ADVISORS LLC

$3,752,000

1.56%

350,000

TORONTO DOMINION BANK

$3,216,000

1.34%

300,000

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	300,000	$3,216,000	100.0%	Defined

COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS

$3,060,034

1.27%

285,451

CSS LLC/IL

$2,821,621

1.18%

263,211

Hudson Bay Capital Management LP

$2,691,373

1.12%

251,061

METEORA CAPITAL, LLC

$2,672,496

1.11%

249,300

Periscope Capital Inc.

$2,651,056

1.10%

247,300

Karpus Management, Inc.

$2,619,968

1.09%

244,400

WOLVERINE ASSET MANAGEMENT LLC

$2,521,301

1.05%

235,196

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

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	235,196	$2,521,301	100.0%	Defined

MILLENNIUM MANAGEMENT LLC

$2,041,924

0.85%

190,478

L1 Global Manager Pty Ltd

$1,876,000

0.78%

175,000

Wealthspring Capital LLC

$1,797,036

0.75%

167,634

StoneX Group Inc.

$1,489,661

0.62%

138,961

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

Manager	Shares	Value (USD)	% of position	Discretion
STONEX FINANCIAL INC.	138,961	$1,489,661	100.0%	Defined

Context Capital Management, LLC

$1,340,000

0.56%

125,000

Shaolin Capital Management LLC

$1,279,689

0.53%

119,374

DELTEC ASSET MANAGEMENT LLC

$1,082,500

0.45%

100,000

MOORE CAPITAL MANAGEMENT, LP

$1,072,000

0.45%

100,000

SONA ASSET MANAGEMENT (US) LLC

$1,072,000

0.45%

100,000

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	100,000	$1,072,000	100.0%	Other

Clear Street Group Inc.

$743,067

0.31%

69,316

Kepos Capital LP

$536,000

0.22%

50,000

SkyView Investment Advisors, LLC

$505,630

0.21%

47,167

READYSTATE ASSET MANAGEMENT LP

$268,000

0.11%

25,000

Schonfeld Strategic Advisors LLC

$268,000

0.11%

25,000

Clear Street Group Inc. LPBBU

$239,093

0.10%

22,016

BNP PARIBAS ARBITRAGE, SA

$177,930

0.07%

16,598

ROBINSON CAPITAL MANAGEMENT, LLC

$163,480

0.07%

15,250

DLD Asset Management, LP

$138,384

0.06%

12,909

Cannon Global Investment Management, LLC

$137,216

0.06%

12,800

Arax Advisory Partners

$10,720

0.00%

1,000

UBS Group AG LPBBU

$8,677

0.00%

799

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

Manager	Shares	Value (USD)	% of position	Discretion
UBS Securities LLC	799	$8,677	100.0%	Defined

T3 Companies, LLC LPBBW

$4,486

0.00%

34,142

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

Manager	Shares	Value (USD)	% of position	Discretion
T3 TRADING GROUP, LLC	34,142	$4,486	100.0%	Sole

GLAZER CAPITAL, LLC LPBBU

$4,213

0.00%

388

GRITSTONE ASSET MANAGEMENT LLC LPBBW

$2,086

0.00%

15,878

MORGAN STANLEY

$536

0.00%

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	50	$536	100.0%	Defined

CSS LLC/IL LPBBW

—

907,771

TORONTO DOMINION BANK LPBBW

—

196,506

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	196,506	$0	—	Defined

Westchester Capital Management, LLC LPBBW

—

124,999

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

Manager	Shares	Value (USD)	% of position	Discretion
Virtus Investment Advisers, LLC	119,044	$0	—	Other
Held directly	5,955	$0	—	Sole

TENOR CAPITAL MANAGEMENT Co., L.P. LPBBW

—

125,000

Linden Advisors LP LPBBW

—

499,000

UBS Group AG LPBBW

—

370

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

Manager	Shares	Value (USD)	% of position	Discretion
UBS Securities LLC	370	$0	—	Defined

Context Capital Management, LLC LPBBW

—

62,500

LMR Partners LLP LPBBW

—

500,000

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	500,000	$0	—	Sole

Lineage Point Capital LP LPBBW

—

47,500

Yakira Capital Management, Inc. LPBBW

—

147,485

GLAZER CAPITAL, LLC LPBBW

—

150,174

Hudson Bay Capital Management LP LPBBW

—

50,000

Kepos Capital LP LPBBW

—

389,150

Mint Tower Capital Management B.V. LPBBW

—

442,600

Alberta Investment Management Corp LPBBW

—

490,000

BARCLAYS PLC LPBBW

—

390

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

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS BANK PLC	390	$0	—	Defined

MMCAP International Inc. SPC LPBBW

—

490,000

BNP PARIBAS ARBITRAGE, SA LPBBW

—

358,009

MOORE CAPITAL MANAGEMENT, LP LPBBW

—

50,000

METEORA CAPITAL, LLC LPBBW

—

96,600

Polar Asset Management Partners Inc. LPBBW

—

400,000

Arax Advisory Partners LPBBW

—

500

Schonfeld Strategic Advisors LLC LPBBW

—

25,000

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND LPBBW

—

875,000

Parallax Volatility Advisers, L.P. LPBBW

—

52,957

K2 PRINCIPAL FUND, L.P. LPBBW

—

196,262

MILLENNIUM MANAGEMENT LLC LPBBW

—

100,000

Wealthspring Capital LLC LPBBW

—

89,557

Periscope Capital Inc. LPBBW

—

175,000

PICTON MAHONEY ASSET MANAGEMENT LPBBW

—

350,000

SkyView Investment Advisors, LLC LPBBW

—

23,583

RIVERNORTH CAPITAL MANAGEMENT, LLC LPBBW

—

300,000

AQR Arbitrage LLC LPBBW

—

789,030

Clear Street Group Inc. LPBBW

—

160,023

WHITEBOX ADVISORS LLC LPBBW

—

175,000

Bulldog Investors, LLP LPBBW

—

47,884

Magnetar Financial LLC LPBBW

—

990,000

Shaolin Capital Management LLC LPBBW

—

338,572

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