TDACU · Translational Development Acquisition Corp. · Holdings
Substantial doubt about the company's ability to continue as a going concern.
“In connection with the Company's assessment of going concern considerations in accordance with ASC 205-40, "Presentation of Financial Statements-Going Concern," management has determined that the liquidity issues and mandatory liquidation and subsequent dissolution, should the Company be unable to complete a Business Combination by the end of the Completion Window, raise substantial doubt about the Company's ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after June 24, 2027. The Company's plan to deal with the uncertainty is to complete a Business Combination prior to June 24, 2027 and to receive working capital from its Sponsor. There is no assurance that the Company's plans to consummate a Business Combination or to receive working capital from the Sponsor will be successful.”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
Holder Concentration
Across 3 13F filersWho Holds TDACU
Last 7 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: 3 filers, like-for-like change -96.0%; actively managed books -96.0%.
| Holder type | Share | Filers | Change |
|---|---|---|---|
| Registered adviser | 0.0% | 0 | -100.0% |
| Bank | 25.8% | 1 | 0.0% |
| Broker-dealer | 36.1% | 1 | -17.2% |
| Non-US | 0.0% | 0 | — |
| Exempt adviser | 0.0% | 0 | — |
| Adviser | 0.0% | 0 | — |
| Insurer | 0.0% | 0 | — |
| Unknown | 38.2% | 1 | -96.5% |
| Style | Share | Filers | Change |
|---|---|---|---|
| Systematic-like | 0.0% | 0 | -100.0% |
| Concentrated | 74.2% | 2 | +70.4% |
| Diversified active | 25.8% | 1 | -98.1% |
| Index-like | 0.0% | 0 | — |
| Not measured | 0.0% | 0 | — |
| Unknown | 0.0% | 0 | — |
| Turnover | Share | Filers | Change |
|---|---|---|---|
| Low turnover | 0.0% | 0 | -100.0% |
| Medium turnover | 25.8% | 1 | -87.8% |
| High turnover | 36.1% | 1 | -96.8% |
| Unknown | 38.2% | 1 | new |
| Not measured | 0.0% | 0 | — |
| Holding horizon | Share | Filers | Change |
|---|---|---|---|
| Short horizon | 74.2% | 2 | -67.6% |
| Long horizon | 25.8% | 1 | -98.9% |
| Medium horizon | 0.0% | 0 | — |
| Unknown | 0.0% | 0 | — |
| Not measured | 0.0% | 0 | — |
| 13F book size | Share | Filers | Change |
|---|---|---|---|
| Under $1B | 0.0% | 0 | -100.0% |
| $1B to $10B | 36.1% | 1 | -17.2% |
| $10B to $100B | 38.2% | 1 | -96.7% |
| $100B or more | 25.8% | 1 | -97.7% |
| Not measured | 0.0% | 0 | — |
| Client base | Share | Filers | Change |
|---|---|---|---|
| Pooled investment vehicles | 0.0% | 0 | -100.0% |
| Registered funds and BDCs | 0.0% | 0 | -100.0% |
| Charitable organizations | 0.0% | 0 | — |
| Other investment advisers | 0.0% | 0 | — |
| Unknown | 100.0% | 3 | -91.3% |
| Private funds | Share | Filers | Change |
|---|---|---|---|
| Hedge funds | 0.0% | 0 | -100.0% |
| Other private funds | 0.0% | 0 | -100.0% |
| Private equity funds | 0.0% | 0 | — |
| No private funds | 0.0% | 0 | — |
| Private funds, type not stated | 0.0% | 0 | — |
| Unknown | 100.0% | 3 | -91.3% |
| Location | Share | Filers | Change |
|---|---|---|---|
| United States | 74.2% | 2 | -97.0% |
| Outside the US | 25.8% | 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
3 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 TDACU's active holders also own, quarter ended Jun 30, 2026| # | Company | Shared holders |
|---|---|---|
| 1 | BACC Blue Acquisition Corp | 3 |
| 2 | SVCC Stellar V Capital Corp. (Cayman Islands) | 5 |
| 3 | NPAC New Providence Acquisition Corp. III | 6 |
| 4 | ALDF Aldel Financial II Inc. | 5 |
| 5 | PLMK Plum Acquisition Corp. IV | 4 |
| 6 | SAGU Shreya Acquisition Group | 6 |
| 7 | ALIS Calisa Acquisition Corp | 4 |
| 8 | MLAA Mountain Lake Acquisition Corp. II | 3 |
| 9 | IPCX Inflection Point Acquisition Corp. III | 5 |
| 10 | FACT FACT II Acquisition Corp. | 5 |
Shareholder Targets
13F filers that own its peers but not TDACU, quarter ended Jun 30, 2026Found through its holder-overlap peers: BACC, SVCC, NPAC, ALDF, PLMK, SAGU, ALIS, MLAA, IPCX, FACT, BEAG, ORIQ, YCY, POLE, XFLH, WENC, JACS, UAC, ETSS, LEGO. 78 filers in all.
| # | Filer | In peers | Largest peers |
|---|---|---|---|
| 1 | Hudson Bay Capital Management LP Registered adviser, Diversified active | $87,001,320 14 held | JACS, IPCX, ALDF |
| 2 | Harraden Circle Investments, LLC Registered adviser, Diversified active | $73,078,409 5 held | BEAG, ALDF, BACC |
| 3 | ADAGE CAPITAL PARTNERS GP, L.L.C. Registered adviser, Diversified active | $61,002,000 4 held | MLAA, LEGO, ETSS |
| 4 | TWO SIGMA INVESTMENTS, LP Registered adviser, Systematic-like | $48,313,149 16 held | BEAG, SVCC, MLAA |
| 5 | MILLENNIUM MANAGEMENT LLC Registered adviser, Systematic-like | $44,265,647 11 held | MLAA, SVCC, LEGO |
| 6 | Crossingbridge Advisors, LLC Adviser, Diversified active | $38,097,317 8 held | IPCX, POLE, XFLH |
| 7 | First Trust Capital Management L.P. Registered adviser, Diversified active | $34,370,935 8 held | POLE, JACS, MLAA |
| 8 | Karpus Management, Inc. Adviser, Diversified active | $33,388,724 8 held | ORIQ, ALIS, XFLH |
| 9 | Mint Tower Capital Management B.V. Unknown, Diversified active | $29,154,100 10 held | JACS, NPAC, IPCX |
| 10 | Ghisallo Capital Management LLC Registered adviser, Diversified active | $26,454,250 5 held | NPAC, ALDF, MLAA |
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 |
|---|---|---|---|
| Mid FLOW TRADERS U.S. LLC | −2,428 | 11,659 | |
| Mega UBS Group AG | −1 | 8,338 |
Top New Positions
vs Mar 31, 2026| Institution | Acquired | Value (USD) | Open |
|---|---|---|---|
| Large Clear Street Group Inc. | 12,344 | $139,610 |
Top Sold-Out Positions
vs Mar 31, 2026| Institution | Previously Held | Last Value (USD) | Open |
|---|---|---|---|
| Mega D. E. Shaw & Co., Inc. | 350,000 | $0 | |
| Small Yakira Capital Management, Inc. | 60,000 | $0 | |
| Large Calamos Advisors LLC | 375,000 | $0 |
| Holder | Value (USD) | % of 13F | Shares | Type | Filed | Open |
|---|---|---|---|---|---|---|
| Large Clear Street Group Inc. TDACU | $139,610 | 38.17% | 12,344 | Shares | 2026-08-12 | |
| Mid FLOW TRADERS U.S. LLC Broker-dealer TDACU | $131,863 | 36.05% | 11,659 | Shares | 2026-08-14 | |
| Mega UBS Group AG Bank TDACU | $94,302 | 25.78% | 8,338 | Shares | 2026-08-13 |