SZZL · Sizzle Acquisition Corp. II · Holdings

$10.52 +0.02 (+0.19%)

Market Cap

$328.30M

31.27M

Volume · Oct 20 30.63K Avg daily vol (3M) 83.78K

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

Institutional holdings are being reconciled with SEC filings. Holder totals and changes may be incomplete until reconciliation finishes.

Quarter:

Holders: 68

Total Value: $243,741,798

Total Shares: 45,436,101

Showing 1–100 of 106 holdings by value · page 1 of 2

Institutional Ownership Trend

5 quarters

Holder Concentration

Across 68 13F filers · Δ vs Mar 31, 2026

Top Holder

7.4%

−0.5 pts

Top 5

29.1%

−4.1 pts

Top 10

49.2%

−2.5 pts

HHI

359

Broadly held−28

Who Holds SZZL

Last 5 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: 68 filers, like-for-like change +4.0%; actively managed books +4.0%; index-like books +2.3%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	69.2%	39	-0.5%	4	1
Exempt adviser	3.0%	2	-5.2%	0	0
Adviser	4.0%	4	+240.2%	0	0
Bank	4.1%	3	+56.5%	0	1
Insurer	1.9%	1	+79.4%	0	0
Non-US	8.6%	5	-9.2%	0	0
Holding company	0.9%	2	0.0%	0	0
Broker-dealer	0.0%	0	—	0	0
Unknown	8.2%	12	+1.0%	2	0

Style	Share	Filers	Change	New	Exited
Index-like	1.0%	3	+2.3%	0	0
Systematic-like	12.9%	9	+2.5%	1	0
Concentrated	10.5%	7	+8.1%	1	0
Diversified active	75.6%	49	+3.8%	4	2
Not measured	0.0%	0	—	0	0
Unknown	0.0%	0	—	0	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	1.7%	5	-41.9%	0	1
Medium turnover	64.1%	32	+4.2%	5	0
High turnover	31.9%	28	+6.9%	1	1
Unknown	2.3%	3	+21.8%	0	0
Not measured	0.0%	0	—	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	51.9%	31	+3.9%	0	0
Medium horizon	14.6%	8	+4.7%	2	1
Long horizon	13.5%	14	+2.0%	2	1
Unknown	20.1%	15	+5.3%	2	0
Not measured	0.0%	0	—	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	23.0%	26	+11.4%	2	0
$1B to $10B	55.5%	26	+2.8%	3	1
$10B to $100B	13.1%	8	+4.9%	1	0
$100B or more	8.3%	8	-7.1%	0	1
Not measured	0.0%	0	—	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	0.3%	3	+3.2%	1	0
Pooled investment vehicles	59.8%	29	+2.3%	2	1
Registered funds and BDCs	7.0%	5	-23.4%	1	0
Charitable organizations	0.4%	1	0.0%	0	0
Other investment advisers	1.7%	1	+30.1%	0	0
Unknown	30.8%	29	+15.8%	2	1

Private funds	Share	Filers	Change	New	Exited
Hedge funds	61.7%	32	-1.4%	2	1
Private equity funds	2.6%	2	+17.9%	0	0
Real estate funds	0.0%	1	new	1	0
Other private funds	1.2%	1	+452.9%	0	0
Private funds, type not stated	1.8%	1	0.0%	0	0
No private funds	5.0%	4	-17.1%	1	0
Unknown	27.8%	27	+18.7%	2	1

Location	Share	Filers	Change	New	Exited
United States	82.4%	56	+3.8%	6	2
Outside the US	17.6%	12	+5.1%	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

57 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

3.51% of filers hold it in their top 10

Mar 31, 2026: 2

Holders above 5%

median weight 0.136%

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

49.2%

of 13F shares, Herfindahl 0.036

Active holders

+6.1%

like-for-like share change of active filers

5% stakes on record

1 13D, 2 13G (2 institutional, 0 passive, 0 exempt)

How long holders have held it value-weighted 4.5 quarters

Under 1 year 11.6% 1 to 3 years 88.4% 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

$10.05

estimated per share

Mar 31, 2026: $10.02

Quarter-end price

$10.36

implied by 13F values

Estimated gain or loss

+3.0%

price against the estimated cost

Estimated at a loss

0.000%

of costed 13F value

Estimated cost covers 99.3% 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 SZZL's active holders also own, quarter ended Jun 30, 2026

#	Company	Shared holders	Similarity
1	PACH Pioneer Acquisition I Corp	7	0.585
2	KOYN CSLM Digital Asset Acquisition Corp III, Ltd	6	0.572
3	WENN WEN Acquisition Corp	6	0.572
4	TVAI Thayer Ventures Acquisition Corp II	5	0.570
5	VNME Vendome Acquisition Corp I	6	0.545
6	TACH Titan Acquisition Corp.	6	0.522
7	EMIS Emmis Acquisition Corp.	3	0.522
8	SOCA Solarius Capital Acquisition Corp.	5	0.503
9	MKLY McKinley Acquisition Corp	5	0.503
10	VHCP Vine Hill Capital Investment Corp. II	5	0.503

Shareholder Targets

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

Found through its holder-overlap peers: PACH, KOYN, WENN, TVAI, VNME, TACH, EMIS, SOCA, MKLY, VHCP, LWAC, MEVO, CRAQ, SOUL, AXIN, AACB, CCAQ, APXT, SDHI, HAVA. 60 filers in all.

#	Filer	In peers	Of book	Largest peers
1	Hudson Bay Capital Management LP Registered adviser, Diversified active	$105,461,110 18 held	0.560%	APXT, SDHI, MEVO
2	ADAGE CAPITAL PARTNERS GP, L.L.C. Registered adviser, Diversified active	$62,436,600 3 held	0.090%	MEVO, APXT, VHCP
3	Centiva Capital, LP Registered adviser, Diversified active	$41,076,474 15 held	1.67%	VNME, TACH, WENN
4	HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Non-US, Diversified active	$29,197,738 6 held	0.050%	MEVO, AACB, PACH
5	OMERS ADMINISTRATION Corp Benefit plan, Diversified active	$27,651,509 9 held	0.170%	APXT, PACH, VHCP
6	MMCAP International Inc. SPC Unknown, Diversified active	$26,543,500 4 held	2.54%	WENN, PACH, MEVO
7	RLH Capital LLC Unknown, Diversified active	$20,006,268 9 held	10.5%	SOUL, TACH, APXT
8	Ghisallo Capital Management LLC Registered adviser, Diversified active	$19,339,000 5 held	0.460%	TACH, LWAC, PACH
9	CSS LLC/IL Unknown, Diversified active	$18,931,235 7 held	2.37%	TACH, WENN, PACH
10	JPMORGAN CHASE & CO Bank, Diversified active	$18,247,382 12 held	0.000%	KOYN, SDHI, PACH

Fund Ownership of SZZL 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	Change	Shares	Funds
Index funds	0.00%	0.00 pp	0	0
Index ETFs	0.00%	0.00 pp	0	0
Active ETFs	0.01%	+0.01 pp	2,372	1
Active funds	3.98%	+2.18 pp	1,244,181	6
Unclassified	0.00%	0.00 pp	0	0
All registered funds	3.99%	+2.18 pp	1,246,553	7

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.

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

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.

Holder count: +4

Institutional value: +6.9%

Shares held: +4.0%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Large TORONTO DOMINION BANK	+809,551	1,856,135
Small Crossingbridge Advisors, LLC	+800,800	964,954
Mid GLAZER CAPITAL, LLC	+780,533	1,069,505
Mid METEORA CAPITAL, LLC	+492,703	581,937
Mid SONA ASSET MANAGEMENT (US) LLC	+458,229	559,399

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Mid Westchester Capital Management, LLC	−1,152,458	1,409,287
Mid Governors Lane LP	−500,000	500,000
Mid RIVERNORTH CAPITAL MANAGEMENT, LLC	−497,500	499,872
Large COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	−470,205	329,795
Small Shaolin Capital Management LLC	−229,329	570,671

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Small RiverPark Advisors, LLC	690,800	$7,156,688
Mid CANTOR FITZGERALD, L. P.	51,720	$535,819
Mid StoneX Group Inc.	50,000	$518,000
Small Ionic Capital Management LLC	299,253	$34,871
Large Arax Advisory Partners	4,800	$24,864

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)	Open
Large Centiva Capital, LP	200,000	$2,056,000
Mega JPMORGAN CHASE & CO	100,000	$0

Filter: New 6 Increased 17 Reduced 21 Sold out 2 Unchanged 24

Holder type: Registered adviser 39 Exempt adviser 2 Adviser 4 Bank 3 Insurer 1 Non-US 5 Holding company 2 Unknown 12

Showing 100 of 106

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Magnetar Financial LLC

$18,130,000

7.44%

1,750,000

TENOR CAPITAL MANAGEMENT Co., L.P.

$18,130,000

7.44%

1,750,000

Westchester Capital Management, LLC

$12,175,900

5.00%

1,175,280

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

Manager	Shares	Value (USD)	% of position	Discretion
WESTCHESTER CAPITAL PARTNERS, LLC	3,973	$41,160	0.3%	Sole
Virtus Investment Advisers, LLC	1,090,953	$11,302,273	92.8%	Other
Held directly	80,354	$832,467	6.8%	Sole

AQR Arbitrage LLC

$11,717,470

4.81%

1,131,030

ARISTEIA CAPITAL, L.L.C.

$10,878,000

4.46%

1,050,000

D. E. Shaw & Co., Inc.

$10,256,400

4.21%

990,000

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.	990,000	$10,256,400	100.0%	Defined

GLAZER CAPITAL, LLC

$10,044,610

4.12%

969,557

Crossingbridge Advisors, LLC

$9,996,923

4.10%

964,954

WOLVERINE ASSET MANAGEMENT LLC

$9,832,976

4.03%

949,129

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

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	949,129	$9,832,976	100.0%	Defined

BERKLEY W R CORP

$8,738,121

3.58%

843,448

Alberta Investment Management Corp

$7,770,000

3.19%

750,000

RiverPark Advisors, LLC

$7,156,688

2.94%

690,800

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

Manager	Shares	Value (USD)	% of position	Discretion
Crossingbridge Advisors, LLC	690,800	$7,156,688	100.0%	Other

HGC Investment Management Inc.

$6,739,584

2.77%

650,539

WHITEBOX ADVISORS LLC

$6,734,000

2.76%

650,000

TWO SIGMA INVESTMENTS, LP

$6,620,309

2.72%

639,026

Linden Advisors LP

$6,216,000

2.55%

600,000

Context Capital Management, LLC

$6,214,052

2.55%

599,812

MILLENNIUM MANAGEMENT LLC

$5,967,567

2.45%

576,020

Radcliffe Capital Management, L.P.

$5,364,076

2.20%

517,768

Governors Lane LP

$5,180,000

2.13%

500,000

PICTON MAHONEY ASSET MANAGEMENT

$5,180,000

2.13%

500,000

MANGROVE PARTNERS IM, LLC

$4,662,000

1.91%

450,000

Wealthspring Capital LLC

$4,516,203

1.85%

435,927

GOLDMAN SACHS GROUP INC

$4,268,092

1.75%

411,978

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	411,978	$4,268,092	100.0%	Defined

LMR Partners LLP

$4,144,000

1.70%

400,000

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	400,000	$4,144,000	100.0%	Sole

First Trust Capital Management L.P.

$4,126,481

1.69%

398,309

Polar Asset Management Partners Inc.

$3,108,000

1.28%

300,000

Schonfeld Strategic Advisors LLC

$2,483,292

1.02%

239,700

Periscope Capital Inc.

$2,331,000

0.96%

225,000

MOORE CAPITAL MANAGEMENT, LP

$2,072,000

0.85%

200,000

HEIGHTS CAPITAL MANAGEMENT, INC

$2,072,000

0.85%

200,000

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

Manager	Shares	Value (USD)	% of position	Discretion
CVI Investments, Inc.	200,000	$2,072,000	100.0%	Other

Mint Tower Capital Management B.V.

$2,067,856

0.85%

199,600

Karpus Management, Inc.

$1,870,860

0.77%

180,585

Shaolin Capital Management LLC

$1,731,425

0.71%

167,126

HIGHBRIDGE CAPITAL MANAGEMENT LLC

$1,689,322

0.69%

163,062

Clear Street Group Inc.

$1,608,783

0.66%

155,288

DELTEC ASSET MANAGEMENT LLC

$1,554,000

0.64%

150,000

Verition Fund Management LLC

$1,455,331

0.60%

140,476

SONA ASSET MANAGEMENT (US) LLC

$1,048,120

0.43%

101,170

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	101,170	$1,048,120	100.0%	Other

O'Connor Alternative Investments LLC

$1,036,000

0.43%

100,000

GRITSTONE ASSET MANAGEMENT LLC

$1,025,557

0.42%

98,992

METEORA CAPITAL, LLC

$848,867

0.35%

81,937

TORONTO DOMINION BANK

$777,000

0.32%

75,000

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	75,000	$777,000	100.0%	Defined

Logan Stone Capital, LLC

$623,247

0.26%

60,159

CANTOR FITZGERALD, L. P.

$535,819

0.22%

51,720

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

Manager	Shares	Value (USD)	% of position	Discretion
Cantor Fitzgerald & Co.	51,720	$535,819	100.0%	Defined

BNP PARIBAS ARBITRAGE, SA

$531,540

0.22%

51,307

StoneX Group Inc.

$518,000

0.21%

50,000

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

Manager	Shares	Value (USD)	% of position	Discretion
STONEX FINANCIAL INC.	50,000	$518,000	100.0%	Defined

PenderFund Capital Management Ltd.

$477,388

0.20%

46,080

Kepos Capital LP

$385,392

0.16%

37,200

MIZUHO SECURITIES USA LLC

$368,971

0.15%

35,615

Lineage Point Capital LP

$259,000

0.11%

25,000

Virtu Financial LLC

$125,894

0.05%

12,152

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

Manager	Shares	Value (USD)	% of position	Discretion
Virtu Americas LLC	12,152	$125,894	100.0%	Defined

Lineage Point Capital LP SZZLU

$107,100

0.04%

10,200

Rangeley Capital, LLC

$103,600

0.04%

10,000

Clear Street Group Inc. SZZLU

$99,760

0.04%

9,501

Ionic Capital Management LLC

$34,871

0.01%

3,366

Arax Advisory Partners

$24,864

0.01%

2,400

UBS Group AG SZZLU

$4,221

0.00%

402

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

Manager	Shares	Value (USD)	% of position	Discretion
UBS Securities LLC	402	$4,221	100.0%	Defined

Atlantic Edge Private Wealth Management, LLC

$1,709

0.00%

165

BARCLAYS PLC SZZLU

$1,050

0.00%

100

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

Manager	Shares	Value (USD)	% of position	Discretion
BARCLAYS CAPITAL INC.	100	$1,050	100.0%	Defined

MORGAN STANLEY

$507

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	49	$507	100.0%	Defined

Arax Advisory Partners SZZLR

—

2,400

TORONTO DOMINION BANK SZZLR

—

1,781,135

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	1,781,135	$0	—	Defined

Kepos Capital LP SZZLR

—

225,000

Ionic Capital Management LLC SZZLR

—

295,887

BOOTHBAY FUND MANAGEMENT, LLC SZZLR

—

345,000

PICTON MAHONEY ASSET MANAGEMENT SZZLR

—

300,000

DLD Asset Management, LP SZZLR

—

225,000

Schonfeld Strategic Advisors LLC SZZLR

—

169,630

WHITEBOX ADVISORS LLC SZZLR

—

650,000

COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS SZZLR

—

329,795

K2 PRINCIPAL FUND, L.P. SZZLR

—

333,426

Shaolin Capital Management LLC SZZLR

—

403,545

AQR Arbitrage LLC SZZLR

—

1,313,591

Alberta Investment Management Corp SZZLR

—

750,000

BERKLEY W R CORP SZZLR

—

30,197

METEORA CAPITAL, LLC SZZLR

—

500,000

Parallax Volatility Advisers, L.P. SZZLR

—

100,000

Wealthspring Capital LLC SZZLR

—

330,625

HIGHBRIDGE CAPITAL MANAGEMENT LLC SZZLR

—

224,501

ARISTEIA CAPITAL, L.L.C. SZZLR

—

500,000

Radcliffe Capital Management, L.P. SZZLR

—

339,951

Bulldog Investors, LLP SZZLR

—

160,050

Magnetar Financial LLC SZZLR

—

1,750,000

Context Capital Management, LLC SZZLR

—

600,000

Polar Asset Management Partners Inc. SZZLR

—

300,000

Lineage Point Capital LP SZZLR

—

230,646

LMR Partners LLP SZZLR

—

400,000

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	400,000	$0	—	Sole

Alpine Global Management, LLC SZZLR

—

385,000

MOORE CAPITAL MANAGEMENT, LP SZZLR

—

200,000

BNP PARIBAS ARBITRAGE, SA SZZLR

—

411,978

Westchester Capital Management, LLC SZZLR

—

234,007

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	219,957	$0	—	Other
Held directly	14,050	$0	—	Sole

Mint Tower Capital Management B.V. SZZLR

—

199,600

RIVERNORTH CAPITAL MANAGEMENT, LLC SZZLR

—

499,872

TENOR CAPITAL MANAGEMENT Co., L.P. SZZLR

—

1,750,000

Harraden Circle Investments, LLC SZZLR

—

136,643

SONA ASSET MANAGEMENT (US) LLC SZZLR

—

458,229

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	458,229	$0	—	Other

Verition Fund Management LLC SZZLR

—

250,000

GRITSTONE ASSET MANAGEMENT LLC SZZLR

—

98,992

HGC Investment Management Inc. SZZLR

—

450,539

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Key facts CIK 2030663 CUSIP G8193F109 Visit website