SZZLR · Sizzle Acquisition Corp. II · Holdings
Substantial doubt about the company's ability to continue as a going concern.
“We cannot provide any assurance that our plans to raise capital or to consummate an initial Business Combination will be successful. These conditions raise substantial doubt about our ability to continue as a going concern. The unaudited condensed financial statements and notes thereto included in this Report under Item 1. "Financial Statements" do not include any adjustments that might result from the outcome of this uncertainty.”View the 10-Q filed Aug 12, 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
Holder Concentration
Across 1 13F filers · Δ vs Jun 30, 2026Who Holds SZZLR
Last 6 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: 45 filers, like-for-like change +3.3%; actively managed books +3.3%.
| Holder type | Share | Filers | Change |
|---|---|---|---|
| Registered adviser | 68.2% | 30 | -1.9% |
| Exempt adviser | 3.4% | 2 | 0.0% |
| Adviser | 3.3% | 2 | +216.8% |
| Bank | 8.1% | 1 | +75.2% |
| Insurer | 0.1% | 1 | -66.5% |
| Non-US | 8.7% | 4 | -17.3% |
| Broker-dealer | 0.0% | 0 | — |
| Unknown | 8.1% | 5 | +11.5% |
| Style | Share | Filers | Change |
|---|---|---|---|
| Systematic-like | 7.1% | 4 | +28.5% |
| Concentrated | 15.5% | 4 | +11.2% |
| Diversified active | 77.4% | 37 | +0.1% |
| Index-like | 0.0% | 0 | — |
| Turnover | Share | Filers | Change |
|---|---|---|---|
| Low turnover | 1.5% | 1 | -17.6% |
| Medium turnover | 64.6% | 21 | -3.2% |
| High turnover | 30.5% | 21 | +18.0% |
| Unknown | 3.4% | 2 | +38.7% |
| Holding horizon | Share | Filers | Change |
|---|---|---|---|
| Short horizon | 52.5% | 22 | -3.1% |
| Medium horizon | 15.2% | 5 | +14.9% |
| Long horizon | 15.9% | 6 | +25.0% |
| Unknown | 16.4% | 12 | -1.7% |
| 13F book size | Share | Filers | Change |
|---|---|---|---|
| Under $1B | 21.7% | 16 | -9.2% |
| $1B to $10B | 52.6% | 18 | +4.8% |
| $10B to $100B | 20.5% | 9 | +16.7% |
| $100B or more | 5.1% | 2 | 0.0% |
| Client base | Share | Filers | Change |
|---|---|---|---|
| Individuals and high net worth | 0.0% | 1 | new |
| Pooled investment vehicles | 62.2% | 24 | +3.7% |
| Registered funds and BDCs | 4.1% | 3 | -46.3% |
| Charitable organizations | 0.5% | 1 | 0.0% |
| Other investment advisers | 1.5% | 1 | -0.8% |
| Unknown | 31.8% | 15 | +16.5% |
| Private funds | Share | Filers | Change |
|---|---|---|---|
| Hedge funds | 64.4% | 26 | +0.2% |
| Private equity funds | 1.5% | 1 | -0.8% |
| Other private funds | 2.1% | 1 | new |
| Private funds, type not stated | 1.8% | 1 | 0.0% |
| No private funds | 1.8% | 2 | -66.2% |
| Real estate funds | 0.0% | 1 | new |
| Unknown | 28.4% | 13 | +18.9% |
| Location | Share | Filers | Change |
|---|---|---|---|
| United States | 77.8% | 36 | +2.6% |
| Outside the US | 22.2% | 9 | +6.0% |
The Sep 30, 2026 filing window is still open, so its bar shows only the filers that have filed so far.
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
45 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).
Shared Holders
Companies SZZLR's active holders also own, quarter ended Jun 30, 2026| # | Company | Shared holders |
|---|---|---|
| 1 | PACH Pioneer Acquisition I Corp | 7 |
| 2 | KOYN CSLM Digital Asset Acquisition Corp III, Ltd | 6 |
| 3 | WENN WEN Acquisition Corp | 6 |
| 4 | TVAI Thayer Ventures Acquisition Corp II | 5 |
| 5 | VNME Vendome Acquisition Corp I | 6 |
| 6 | TACH Titan Acquisition Corp. | 6 |
| 7 | EMIS Emmis Acquisition Corp. | 3 |
| 8 | SOCA Solarius Capital Acquisition Corp. | 5 |
| 9 | MKLY McKinley Acquisition Corp | 5 |
| 10 | VHCP Vine Hill Capital Investment Corp. II | 5 |
Shareholder Targets
13F filers that own its peers but not SZZLR, quarter ended Jun 30, 2026Found 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. 69 filers in all.
| # | Filer | In peers | Largest peers |
|---|---|---|---|
| 1 | Hudson Bay Capital Management LP Registered adviser, Diversified active | $106,405,748 18 held | APXT, SDHI, MEVO |
| 2 | ADAGE CAPITAL PARTNERS GP, L.L.C. Registered adviser, Diversified active | $63,428,710 3 held | MEVO, APXT, VHCP |
| 3 | Centiva Capital, LP Registered adviser, Diversified active | $41,856,049 17 held | VNME, TACH, WENN |
| 4 | OMERS ADMINISTRATION Corp Benefit plan, Diversified active | $39,945,870 13 held | MEVO, APXT, PACH |
| 5 | HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Non-US, Diversified active | $32,204,926 13 held | AACB, MEVO, PACH |
| 6 | MMCAP International Inc. SPC Unknown, Diversified active | $26,869,018 4 held | WENN, PACH, MEVO |
| 7 | JPMORGAN CHASE & CO Bank, Diversified active | $21,690,349 17 held | KOYN, SDHI, PACH |
| 8 | CSS LLC/IL Unknown, Diversified active | $20,285,684 9 held | TACH, WENN, PACH |
| 9 | RLH Capital LLC Unknown, Diversified active | $20,080,466 10 held | SOUL, TACH, APXT |
| 10 | Ghisallo Capital Management LLC Registered adviser, Diversified active | $19,339,000 5 held | TACH, LWAC, PACH |
Fund Ownership of SZZLR by Fund Type
Registered funds' Form N-PORT reports for the quarter ended Jun 30, 2026Index funds and index ETFs hold 0 shares.
| Fund type | Shares |
|---|---|
| Index funds | 0 |
| Index ETFs | 0 |
| Active ETFs | 2,372 |
| Active funds | 50,600 |
| Unclassified | 0 |
| All registered funds | 52,972 |
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
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 | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Micro GRITSTONE ASSET MANAGEMENT LLC Registered adviser SZZLR | $12,868 | 100.00% | 98,992 | Shares | 2026-10-26 |