LWACU · LightWave Acquisition Corp. · Holdings
Substantial doubt about the company's ability to continue as a going concern.
“The projected working capital deficit and the expectation of significant future costs raises substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the financial statements are issued. Additionally, management has determined that the mandatory liquidation and subsequent dissolution, should the Company be unable to complete a Business Combination by the end of the Completion Window, raises substantial doubt about the Company’s ability to continue as a going concern. Management plans to address this uncertainty through debt or equity financing and the completion of its proposed Business Combination. There are no assurances that the Company’s plans to raise capital or to consummate a Business Combination will be successful within the Completion Window.”View the 10-Q filed Aug 14, 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 LWACU
Last 5 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 -3.1%; actively managed books -3.1%.
| Holder type | Share | Filers | Change |
|---|---|---|---|
| Registered adviser | 18.5% | 3 | -14.2% |
| Exempt adviser | 55.0% | 1 | 0.0% |
| Bank | 3.4% | 3 | 0.0% |
| Non-US | 15.0% | 1 | 0.0% |
| Benefit plan | 0.0% | 0 | — |
| Adviser | 0.0% | 0 | — |
| Insurer | 0.0% | 0 | — |
| Broker-dealer | 0.0% | 0 | — |
| Unknown | 8.0% | 2 | -1.4% |
| Style | Share | Filers | Change |
|---|---|---|---|
| Systematic-like | 66.0% | 2 | 0.0% |
| Concentrated | 6.5% | 1 | -1.7% |
| Diversified active | 27.5% | 7 | -10.0% |
| Index-like | 0.0% | 0 | — |
| Not measured | 0.0% | 0 | — |
| Unknown | 0.0% | 0 | — |
| Turnover | Share | Filers | Change |
|---|---|---|---|
| Low turnover | 10.6% | 2 | 0.0% |
| Medium turnover | 0.4% | 3 | 0.0% |
| High turnover | 82.5% | 4 | -3.6% |
| Unknown | 6.5% | 1 | -1.7% |
| Not measured | 0.0% | 0 | — |
| Holding horizon | Share | Filers | Change |
|---|---|---|---|
| Short horizon | 21.6% | 3 | -12.8% |
| Medium horizon | 55.0% | 1 | 0.0% |
| Long horizon | 21.9% | 5 | 0.0% |
| Unknown | 1.5% | 1 | 0.0% |
| Not measured | 0.0% | 0 | — |
| 13F book size | Share | Filers | Change |
|---|---|---|---|
| Under $1B | 15.0% | 1 | -16.9% |
| $1B to $10B | 55.1% | 2 | 0.0% |
| $10B to $100B | 15.9% | 4 | -0.7% |
| $100B or more | 14.0% | 3 | 0.0% |
| Not measured | 0.0% | 0 | — |
| Client base | Share | Filers | Change |
|---|---|---|---|
| Pooled investment vehicles | 11.0% | 2 | -21.8% |
| Registered funds and BDCs | 7.5% | 1 | 0.0% |
| Unknown | 81.5% | 7 | -0.1% |
| Private funds | Share | Filers | Change |
|---|---|---|---|
| Hedge funds | 11.0% | 2 | -21.8% |
| Other private funds | 7.5% | 1 | 0.0% |
| Private funds, type not stated | 55.0% | 1 | 0.0% |
| No private funds | 0.0% | 0 | — |
| Unknown | 26.4% | 6 | -0.4% |
| Location | Share | Filers | Change |
|---|---|---|---|
| United States | 29.6% | 6 | -9.7% |
| Outside the US | 70.4% | 4 | 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).
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 0.306% 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 LWACU's active holders also own, quarter ended Jun 30, 2026| # | Company | Shared holders |
|---|---|---|
| 1 | OBA Oxley Bridge Acquisition Ltd | 6 |
| 2 | CCAQ Collective Acquisition Corp. | 6 |
| 3 | SPEG Silver Pegasus Acquisition Corp. | 4 |
| 4 | OYSE Oyster Enterprises II Acquisition Corp | 5 |
| 5 | PGAC PANTAGES CAPITAL ACQUISITION Corp | 3 |
| 6 | SVCC Stellar V Capital Corp. (Cayman Islands) | 5 |
| 7 | DMAA Drugs Made In America Acquisition Corp. | 5 |
| 8 | PACH Pioneer Acquisition I Corp | 6 |
| 9 | BLUW Blue Water Acquisition Corp. III | 4 |
| 10 | CHEC Chenghe Acquisition III Co. | 4 |
Shareholder Targets
13F filers that own its peers but not LWACU, quarter ended Jun 30, 2026Found through its holder-overlap peers: OBA, CCAQ, SPEG, OYSE, PGAC, SVCC, DMAA, PACH, BLUW, CHEC, TVAI, SZZL, FIGX, XRPNU, LFAC, FVN, LATA, KFII, MKLY, APXT. 69 filers in all.
| # | Filer | In peers | Largest peers |
|---|---|---|---|
| 1 | Arrington Capital Management, LLC Registered adviser, Concentrated | $60,394,320 1 held | XRPNU |
| 2 | HIGHBRIDGE CAPITAL MANAGEMENT LLC Registered adviser, Diversified active | $57,244,191 14 held | APXT, DMAA, KFII |
| 3 | ADAGE CAPITAL PARTNERS GP, L.L.C. Registered adviser, Diversified active | $47,505,375 3 held | APXT, LATA, LFAC |
| 4 | First Trust Capital Management L.P. Registered adviser, Diversified active | $45,044,561 11 held | DMAA, CCAQ, APXT |
| 5 | Wealthspring Capital LLC Registered adviser, Diversified active | $34,405,340 7 held | PACH, FIGX, APXT |
| 6 | GOLDMAN SACHS GROUP INC Holding company, Index-like | $26,065,792 9 held | SZZL, SVCC, XRPNU |
| 7 | Anson Funds Management LP Registered adviser, Diversified active | $25,670,050 1 held | BLUW |
| 8 | Crossingbridge Advisors, LLC Adviser, Diversified active | $20,039,301 7 held | SZZL, APXT, MKLY |
| 9 | Jain Global LLC Registered adviser, Systematic-like | $16,633,205 6 held | OBA, PACH, KFII |
| 10 | GRITSTONE ASSET MANAGEMENT LLC Registered adviser, Diversified active | $9,570,148 9 held | KFII, LFAC, SVCC |
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, 2026Top Sellers
vs Mar 31, 2026| Institution | Sold | Now Holds | Open |
|---|---|---|---|
| Large Clear Street Group Inc. | −1,882 | 106,516 |
Top New Positions
vs Mar 31, 2026Top Sold-Out Positions
vs Mar 31, 2026| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Small DLD Asset Management, LP | 50,000 | $12,005 |
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Small HGC Investment Management Inc. Non-US LWACU | — | — | 245,500 | Shares | 2026-08-14 | |
| Large Clear Street Group Inc. LWACU | — | — | 106,516 | Shares | 2026-08-12 | |
| Mega JPMORGAN CHASE & CO Bank LWACU | — | — | 50,000 | Shares | 2026-08-12 | |
| Mega UBS Group AG Bank LWACU | — | — | 300 | Shares | 2026-08-13 | |
| Large TORONTO DOMINION BANK Bank LWACU | — | — | 5,000 | Shares | 2026-08-14 | |
| Large HRT FINANCIAL LP LWACU | — | — | 25,000 | Shares | 2026-08-14 | |
| Mid GLAZER CAPITAL, LLC Registered adviser LWACU | — | — | 582 | Shares | 2026-08-17 | |
| Large Calamos Advisors LLC Registered adviser LWACU | — | — | 123,208 | Shares | 2026-07-31 | |
| Mega CITADEL ADVISORS LLC Registered adviser LWACU | — | — | 179,051 | Shares | 2026-08-14 | |
| Large LMR Partners LLP Exempt adviser LWACU | — | — | 900,000 | Shares | 2026-08-14 |