TRGS · TRG Latin America Acquisitions Corp. · Holdings

$9.96 +0.00 (+0.00%) At close · Oct 23

Market Cap

$259.11M

26.02M

Volume · Oct 23 127 Avg daily vol (3M) 43.21K

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 TRGS: 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: 48

Total Value: $199,966,043

Total Shares: 37,069,758

Institutional Ownership Trend

3 quarters

Holder Concentration

Across 48 13F filers

Top Holder

9.0%

of institutional value

Top 5

31.8%

of institutional value

Top 10

52.4%

of institutional value

HHI

401

Broadly held

Who Holds TRGS

Last 3 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: 48 filers, like-for-like change +82.4%; actively managed books +82.4%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	74.9%	26	+98.9%	1	0
Exempt adviser	1.2%	1	+107.3%	0	0
Adviser	3.5%	2	+14.0%	0	1
Bank	0.7%	2	+149.6%	0	0
Insurer	1.1%	1	0.0%	0	0
Benefit plan	0.6%	1	0.0%	0	0
Non-US	13.1%	5	+58.8%	0	0
Holding company	0.0%	1	new	1	0
Unknown	4.9%	9	+49.6%	0	0

Style	Share	Filers	Change	New	Exited
Index-like	0.0%	1	new	1	0
Systematic-like	15.2%	6	+90.0%	0	0
Concentrated	4.5%	4	+12.0%	0	1
Diversified active	80.3%	37	+87.7%	1	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	0.1%	2	+3.6%	1	0
Medium turnover	61.8%	21	+96.6%	0	0
High turnover	37.6%	23	+70.7%	1	0
Unknown	0.4%	2	-63.2%	0	1

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	44.9%	20	+87.4%	1	1
Medium horizon	3.9%	2	+65.4%	0	0
Long horizon	25.8%	11	+93.6%	1	0
Unknown	25.4%	15	+67.4%	0	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	15.9%	14	+59.0%	1	0
$1B to $10B	46.8%	17	+89.7%	0	1
$10B to $100B	27.1%	11	+86.1%	0	0
$100B or more	10.2%	6	+82.6%	1	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	0.7%	1	+61.8%	0	0
Pooled investment vehicles	72.2%	24	+99.4%	1	0
Other investment advisers	2.1%	1	+95.2%	0	0
Registered funds and BDCs	0.0%	0	—	0	0
Unknown	25.1%	22	+46.2%	1	1

Private funds	Share	Filers	Change	New	Exited
Hedge funds	74.0%	26	+99.1%	1	0
Private equity funds	2.1%	1	+95.2%	0	0
Unknown	23.9%	21	+44.1%	1	1

Location	Share	Filers	Change	New	Exited
United States	81.8%	38	+86.4%	2	1
Outside the US	18.2%	10	+66.5%	0	0

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

39 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

0.000% of filers hold it in their top 10

Holders above 5%

median weight 0.116%

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

56.8%

of 13F shares, Herfindahl 0.046

Active holders

—

like-for-like share change of active filers

5% stakes on record

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

How long holders have held it value-weighted 1.0 quarters

Under 1 year 100.0% 1 to 3 years 0.000% 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

$9.88

estimated per share

Quarter-end price

$9.89

implied by 13F values

Estimated gain or loss

+0.1%

price against the estimated cost

Estimated at a loss

0.000%

of costed 13F value

Estimated cost covers 100.0% 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 TRGS's active holders also own, quarter ended Jun 30, 2026

#	Company	Shared holders	Similarity
1	BDCI BTC Development Corp.	8	0.596
2	GSRV GSR V Acquisition Corp.	6	0.507
3	APXT Apex Treasury Corp	8	0.506
4	DBCA D. Boral Acquisition I Corp.	8	0.478
5	DNMX Dynamix Corp III	6	0.474
6	EVAC EQV Ventures Acquisition Corp. II	9	0.456
7	GHXI Gores Holdings XI, Inc.	7	0.452
8	HVMC Highview Merger Corp.	6	0.447
9	KPET KPET Ultra Paceline Corp	4	0.447
10	GIX GigCapital9 Corp.	7	0.443

Shareholder Targets

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

Found through its holder-overlap peers: BDCI, GSRV, APXT, DBCA, DNMX, EVAC, GHXI, HVMC, KPET, GIX, KFII, PTAC, KRAQ, MBVI, HCAC, AACB, TVAI, IDAC, ACAA, SHOT. 89 filers in all.

#	Filer	In peers	Of book	Largest peers
1	LMR Partners LLP Exempt adviser, Diversified active	$107,015,884 17 held	0.960%	GSRV, BDCI, ACAA
2	Verition Fund Management LLC Registered adviser, Diversified active	$76,660,700 15 held	0.590%	MBVI, BDCI, KRAQ
3	HIGHBRIDGE CAPITAL MANAGEMENT LLC Registered adviser, Diversified active	$72,463,103 13 held	4.12%	APXT, MBVI, GIX
4	Westchester Capital Management, LLC Registered adviser, Diversified active	$64,719,167 13 held	3.30%	KFII, APXT, AACB
5	Context Capital Management, LLC Registered adviser, Diversified active	$60,678,742 13 held	7.90%	GSRV, MBVI, HCAC
6	SONA ASSET MANAGEMENT (US) LLC Registered adviser, Diversified active	$54,666,997 17 held	2.49%	ACAA, PTAC, GSRV
7	Karpus Management, Inc. Adviser, Diversified active	$51,823,409 8 held	1.49%	KFII, APXT, GIX
8	RIVERNORTH CAPITAL MANAGEMENT, LLC Registered adviser, Diversified active	$49,827,504 14 held	2.40%	HCAC, KFII, GIX
9	First Trust Capital Management L.P. Registered adviser, Diversified active	$47,444,522 12 held	2.78%	BDCI, APXT, EVAC
10	Centiva Capital, LP Registered adviser, Diversified active	$45,384,825 17 held	1.54%	DBCA, GHXI, APXT

Holder type: Registered adviser 26 Exempt adviser 1 Adviser 2 Bank 2 Insurer 1 Benefit plan 1 Non-US 5 Holding company 1 Unknown 9

Showing 82 of 82

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

ADAGE CAPITAL PARTNERS GP, L.L.C.

$17,802,000

8.90%

1,800,000

GLAZER CAPITAL, LLC

$12,858,562

6.43%

1,300,158

Sculptor Capital LP

$12,362,490

6.18%

1,249,999

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

Manager	Shares	Value (USD)	% of position	Discretion
Sculptor Capital II LP joint	1,249,999	$12,362,490	100.0%	Sole

AQR Arbitrage LLC

$9,989,147

5.00%

1,010,025

Polar Asset Management Partners Inc.

$9,890,000

4.95%

1,000,000

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND

$9,791,100

4.90%

990,000

Linden Advisors LP

$8,653,750

4.33%

875,000

HGC Investment Management Inc. TRGSU

$7,672,950

3.84%

765,000

Hudson Bay Capital Management LP

$7,635,317

3.82%

772,024

MILLENNIUM MANAGEMENT LLC

$6,923,000

3.46%

700,000

WOLVERINE ASSET MANAGEMENT LLC

$6,363,661

3.18%

643,444

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

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	643,444	$6,363,661	100.0%	Defined

BNP PARIBAS ARBITRAGE, SA

$6,087,492

3.04%

615,520

Radcliffe Capital Management, L.P.

$5,934,000

2.97%

600,000

Shaolin Capital Management LLC

$5,672,904

2.84%

573,600

Magnetar Financial LLC

$5,439,500

2.72%

550,000

CSS LLC/IL

$5,270,865

2.64%

532,949

METEORA CAPITAL, LLC

$5,049,141

2.52%

510,530

Alberta Investment Management Corp

$4,945,000

2.47%

500,000

MOORE CAPITAL MANAGEMENT, LP

$4,945,000

2.47%

500,000

D. E. Shaw & Co., Inc.

$3,956,000

1.98%

400,000

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.	400,000	$3,956,000	100.0%	Defined

TENOR CAPITAL MANAGEMENT Co., L.P.

$3,956,000

1.98%

400,000

BERKLEY W R CORP

$3,932,264

1.97%

397,600

Wealthspring Capital LLC

$3,845,330

1.92%

388,810

TWO SIGMA INVESTMENTS, LP

$3,585,125

1.79%

362,500

ARISTEIA CAPITAL, L.L.C. TRGSU

$3,556,076

1.78%

354,544

Schonfeld Strategic Advisors LLC

$2,624,123

1.31%

265,331

OMERS ADMINISTRATION Corp TRGSU

$2,274,834

1.14%

226,803

Periscope Capital Inc.

$2,228,424

1.11%

225,321

Ghisallo Capital Management LLC TRGSU

$2,056,000

1.03%

200,000

WHITEBOX ADVISORS LLC

$1,978,000

0.99%

200,000

PICTON MAHONEY ASSET MANAGEMENT

$1,978,000

0.99%

200,000

DLD Asset Management, LP

$1,236,250

0.62%

125,000

Lineage Point Capital LP TRGSU

$1,028,000

0.51%

100,000

DELTEC ASSET MANAGEMENT LLC

$996,000

0.50%

100,000

K2 PRINCIPAL FUND, L.P.

$989,000

0.49%

100,000

BOOTHBAY FUND MANAGEMENT, LLC

$583,015

0.29%

58,950

JPMORGAN CHASE & CO TRGSU

$512,533

0.26%

51,100

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

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Securities LLC	51,100	$512,533	100.0%	Defined

TORONTO DOMINION BANK TRGSU

$499,494

0.25%

49,800

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	49,800	$499,494	100.0%	Defined

HEIGHTS CAPITAL MANAGEMENT, INC

$492,531

0.25%

49,801

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

Manager	Shares	Value (USD)	% of position	Discretion
CVI Investments, Inc.	49,801	$492,531	100.0%	Other

Kepos Capital LP

$395,600

0.20%

40,000

Linden Advisors LP TRGSR

$336,816

0.17%

1,871,200

ADAGE CAPITAL PARTNERS GP, L.L.C. TRGSR

$298,520

0.15%

1,700,000

ABC ARBITRAGE SA

$291,828

0.15%

29,300

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

Manager	Shares	Value (USD)	% of position	Discretion
ABC ARBITRAGE ASSET MANAGEMENT joint	29,300	$291,828	100.0%	Other

Clear Street Group Inc. TRGSU

$279,235

0.14%

27,840

Sculptor Capital LP TRGSR

$247,500

0.12%

1,375,000

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

Manager	Shares	Value (USD)	% of position	Discretion
Sculptor Capital II LP joint	1,375,000	$247,500	100.0%	Sole

Virtu Financial LLC

$207,007

0.10%

20,931

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

Manager	Shares	Value (USD)	% of position	Discretion
Virtu Americas LLC	20,931	$207,007	100.0%	Defined

Clear Street Group Inc.

$195,871

0.10%

19,805

Polar Asset Management Partners Inc. TRGSR

$178,513

0.09%

1,016,588

AQR Arbitrage LLC TRGSR

$178,168

0.09%

1,010,025

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND TRGSR

$174,636

0.09%

990,000

StoneX Group Inc.

$161,414

0.08%

16,321

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

Manager	Shares	Value (USD)	% of position	Discretion
STONEX FINANCIAL INC.	16,321	$161,414	100.0%	Defined

Hudson Bay Capital Management LP TRGSR

$141,276

0.07%

800,882

MILLENNIUM MANAGEMENT LLC TRGSR

$122,920

0.06%

700,000

METEORA CAPITAL, LLC TRGSR

$119,000

0.06%

699,999

BNP PARIBAS ARBITRAGE, SA TRGSR

$110,794

0.06%

615,520

Radcliffe Capital Management, L.P. TRGSR

$108,000

0.05%

600,000

Magnetar Financial LLC TRGSR

$99,028

0.05%

550,000

CSS LLC/IL TRGSR

$93,639

0.05%

53,325

Shaolin Capital Management LLC TRGSR

$92,330

0.05%

525,800

MOORE CAPITAL MANAGEMENT, LP TRGSR

$87,800

0.04%

500,000

TENOR CAPITAL MANAGEMENT Co., L.P. TRGSR

$80,000

0.04%

400,000

D. E. Shaw & Co., Inc. TRGSR

$61,740

0.03%

350,000

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.	350,000	$61,740	100.0%	Defined

Schonfeld Strategic Advisors LLC TRGSR

$42,767

0.02%

237,595

Periscope Capital Inc. TRGSR

$37,800

0.02%

210,000

WHITEBOX ADVISORS LLC TRGSR

$35,120

0.02%

200,000

PICTON MAHONEY ASSET MANAGEMENT TRGSR

$35,120

0.02%

200,000

Parallax Volatility Advisers, L.P. TRGSR

$35,008

0.02%

194,436

TORONTO DOMINION BANK TRGSR

$26,048

0.01%

148,000

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	148,000	$26,048	100.0%	Defined

DLD Asset Management, LP TRGSR

$21,950

0.01%

125,000

K2 PRINCIPAL FUND, L.P. TRGSR

$17,000

0.01%

100,000

Harraden Circle Investments, LLC TRGSR

$11,923

0.01%

67,900

WOLVERINE ASSET MANAGEMENT LLC TRGSR

$11,794

0.01%

67,165

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

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	67,165	$11,794	100.0%	Defined

BOOTHBAY FUND MANAGEMENT, LLC TRGSR

$10,611

0.01%

58,950

HEIGHTS CAPITAL MANAGEMENT, INC TRGSR

$8,750

0.00%

49,601

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

Manager	Shares	Value (USD)	% of position	Discretion
CVI Investments, Inc.	49,601	$8,750	100.0%	Other

JPMORGAN CHASE & CO

$6,784

0.00%

686

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

Manager	Shares	Value (USD)	% of position	Discretion
J.P. Morgan Securities LLC	686	$6,784	100.0%	Defined

ABC ARBITRAGE SA TRGSR

$4,509

0.00%

30,000

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

Manager	Shares	Value (USD)	% of position	Discretion
ABC ARBITRAGE ASSET MANAGEMENT joint	30,000	$4,509	100.0%	Other

Clear Street Group Inc. TRGSR

$3,465

0.00%

19,731

DELTEC ASSET MANAGEMENT LLC TRGSR

$2,200

0.00%

14,640

HRT FINANCIAL LP TRGSU

$264

0.00%

25,005

GLAZER CAPITAL, LLC TRGSR

$230

0.00%

1,275,875

MORGAN STANLEY

$187

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	19	$187	100.0%	Defined

Wealthspring Capital LLC TRGSR

—

388,810

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