WPAC · White Pearl Acquisition Corp. · Holdings

$10.10 At close · Oct 20

Market Cap

$158.07M

15.67M

Volume · Oct 20 5153 Avg daily vol (3M) 44.1K

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 WPAC: 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: 31

Total Value: $107,100,969

Total Shares: 10,688,720

Institutional Ownership Trend

2 quarters

Holder Concentration

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

Top Holder

15.4%

−2.2 pts

Top 5

38.9%

−4.1 pts

Top 10

58.7%

−5.5 pts

HHI

557

Broadly held−102

Who Holds WPAC

Last 2 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: 31 filers, like-for-like change +17.1%; actively managed books +21.0%; index-like books -91.9%.

Holder type	Share	Filers	Change	New	Exited
Registered adviser	65.6%	20	+20.2%	3	1
Exempt adviser	1.9%	1	0.0%	0	0
Adviser	19.6%	2	+19.3%	0	0
Bank	1.9%	1	+1822.3%	0	0
Insurer	2.3%	1	0.0%	0	0
Non-US	2.5%	2	+23.0%	1	0
Unknown	6.2%	4	-22.9%	1	1

Style	Share	Filers	Change	New	Exited
Index-like	0.2%	1	-91.9%	0	0
Systematic-like	7.7%	3	-10.8%	0	1
Concentrated	6.0%	3	+210.4%	2	1
Diversified active	86.1%	24	+19.8%	3	0

Turnover	Share	Filers	Change	New	Exited
Low turnover	1.4%	3	-59.2%	1	0
Medium turnover	64.9%	17	+31.6%	3	0
High turnover	31.7%	10	+2.4%	1	2
Unknown	2.0%	1	+17.0%	0	0

Holding horizon	Share	Filers	Change	New	Exited
Short horizon	43.7%	14	+29.0%	2	1
Medium horizon	11.1%	3	+10.8%	1	0
Long horizon	23.7%	6	+8.7%	1	1
Unknown	21.6%	8	+9.4%	1	0

13F book size	Share	Filers	Change	New	Exited
Under $1B	19.6%	8	+55.8%	2	0
$1B to $10B	63.3%	15	+9.5%	2	1
$10B to $100B	10.0%	5	+26.9%	1	1
$100B or more	7.0%	3	0.0%	0	0

Client base	Share	Filers	Change	New	Exited
Individuals and high net worth	0.2%	1	new	1	0
Pooled investment vehicles	55.1%	16	+12.5%	2	1
Registered funds and BDCs	10.4%	3	+84.8%	0	0
Unknown	34.4%	11	+11.7%	2	1

Private funds	Share	Filers	Change	New	Exited
Hedge funds	56.2%	17	+12.2%	2	1
Other private funds	4.6%	2	+12.3%	0	0
No private funds	6.8%	2	+189.5%	1	0
Unknown	32.5%	10	+12.4%	2	1

Location	Share	Filers	Change	New	Exited
United States	93.0%	27	+15.4%	4	2
Outside the US	7.0%	4	+47.5%	1	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

31 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

Mar 31, 2026: 0

Holders above 5%

median weight 0.137%

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

58.7%

of 13F shares, Herfindahl 0.056

Active holders

+21.0%

like-for-like share change of active filers

5% stakes on record

0 13D, 4 13G (3 institutional, 0 passive, 1 exempt)

How long holders have held it value-weighted 1.9 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

$9.91

estimated per share

Mar 31, 2026: $9.89

Quarter-end price

$10.02

implied by 13F values

Estimated gain or loss

+1.1%

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 WPAC's active holders also own, quarter ended Jun 30, 2026

#	Company	Shared holders	Similarity
1	WSTN Westin Acquisition Corp	10	0.680
2	YCY AA Mission Acquisition Corp. II	14	0.674
3	SOUL Soulpower Acquisition Corp.	16	0.667
4	QRED QuasarEdge Acquisition Corp	12	0.667
5	VECA Vernal Capital Acquisition Corp.	10	0.654
6	COPL Copley Acquisition Corp	13	0.653
7	JACS Jackson Acquisition Co II	14	0.647
8	QLEP Quantum Leap Acquisition Corp	15	0.645
9	BEBE TGE Value Creative Solutions Corp	11	0.629
10	IRAB Iris Acquisition Corp II	12	0.617

Shareholder Targets

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

Found through its holder-overlap peers: WSTN, YCY, SOUL, QRED, VECA, COPL, JACS, QLEP, BEBE, IRAB, ETSS, AIIA, ACGC, BIII, GLED, ALPX, TRAD, DNMX, WENC, NTWO. 77 filers in all.

#	Filer	In peers	Of book	Largest peers
1	HIGHBRIDGE CAPITAL MANAGEMENT LLC Registered adviser, Diversified active	$96,730,098 14 held	5.82%	GLED, QRED, COPL
2	ADAGE CAPITAL PARTNERS GP, L.L.C. Registered adviser, Diversified active	$69,757,171 5 held	0.100%	ACGC, DNMX, IRAB
3	TENOR CAPITAL MANAGEMENT Co., L.P. Registered adviser, Diversified active	$64,920,785 9 held	4.30%	SOUL, BIII, IRAB
4	Decagon Asset Management LLP Unknown, Concentrated	$45,808,842 7 held	9.84%	QLEP, GLED, QRED
5	METEORA CAPITAL, LLC Adviser, Diversified active	$42,757,307 9 held	4.19%	DNMX, ACGC, JACS
6	MILLENNIUM MANAGEMENT LLC Registered adviser, Systematic-like	$42,650,615 8 held	0.030%	QLEP, BEBE, BIII
7	First Trust Capital Management L.P. Registered adviser, Diversified active	$40,706,619 9 held	3.80%	SOUL, JACS, BEBE
8	HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Non-US, Diversified active	$39,058,440 7 held	0.060%	BIII, IRAB, BEBE
9	Alberta Investment Management Corp Non-US, Diversified active	$33,631,825 6 held	0.290%	ACGC, SOUL, BIII
10	LMR Partners LLP Exempt adviser, Systematic-like	$33,563,875 5 held	0.380%	NTWO, ACGC, JACS

Fund Ownership of WPAC 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	0.00%	0.00 pp	0	0
Active funds	0.27%	+0.16 pp	42,172	2
Unclassified	0.00%	0.00 pp	0	0
All registered funds	0.27%	+0.16 pp	42,172	2

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: +3

Institutional value: +19.1%

Shares held: +17.1%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mid Westchester Capital Management, LLC	+455,324	705,324
Small Crossingbridge Advisors, LLC	+300,000	450,000
Small GABELLI & Co INVESTMENT ADVISERS, INC.	+199,100	246,600
Large TORONTO DOMINION BANK	+192,308	202,861
Large GABELLI FUNDS LLC	+53,500	103,400

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Mid MIZUHO SECURITIES USA LLC	−284,860	25,000
Small Shaolin Capital Management LLC	−125,000	375,000
Mid WOLVERINE ASSET MANAGEMENT LLC	−50,664	479,519

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)
Mid Magnetar Financial LLC	400,000	$4,008,000
Small Yakira Capital Management, Inc.	299,901	$3,005,008
Small HEIGHTS CAPITAL MANAGEMENT, INC	75,000	$751,500
Large PICTON MAHONEY ASSET MANAGEMENT	50,000	$501,000
Mid Wellspring Financial Advisors, LLC	18,400	$184,368

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)	Open
Large Verition Fund Management LLC	100,000	$986,000
Mid Virtu Financial LLC	18,781	$185,180

Filter: New 5 Increased 10 Reduced 3 Sold out 2 Unchanged 13

Holder type: Registered adviser 20 Exempt adviser 1 Adviser 2 Bank 1 Insurer 1 Non-US 2 Unknown 4

Showing 31 of 31

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

Karpus Management, Inc.

$16,443,020

15.35%

1,641,020

ARISTEIA CAPITAL, L.L.C.

$7,615,200

7.11%

760,000

Westchester Capital Management, LLC

$7,067,345

6.60%

705,324

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	3,432	$34,388	0.5%	Sole
Virtus Investment Advisers, LLC	644,305	$6,455,936	91.3%	Other
Held directly	57,587	$577,021	8.2%	Sole

AQR Arbitrage LLC

$5,500,519

5.14%

548,954

Hudson Bay Capital Management LP

$5,010,000

4.68%

500,000

WOLVERINE ASSET MANAGEMENT LLC

$4,804,780

4.49%

479,519

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

Manager	Shares	Value (USD)	% of position	Discretion
Wolverine Holdings, LLC	479,519	$4,804,780	100.0%	Defined

Crossingbridge Advisors, LLC

$4,509,000

4.21%

450,000

GLAZER CAPITAL, LLC

$4,114,562

3.84%

410,635

Magnetar Financial LLC

$4,008,000

3.74%

400,000

SONA ASSET MANAGEMENT (US) LLC

$3,842,178

3.59%

383,451

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	383,451	$3,842,178	100.0%	Other

Shaolin Capital Management LLC

$3,757,500

3.51%

375,000

D. E. Shaw & Co., Inc.

$3,456,900

3.23%

345,000

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.	345,000	$3,456,900	100.0%	Defined

WHITEBOX ADVISORS LLC

$3,006,000

2.81%

300,000

Polar Asset Management Partners Inc.

$3,006,000

2.81%

300,000

RIVERNORTH CAPITAL MANAGEMENT, LLC

$3,006,000

2.81%

300,000

Yakira Capital Management, Inc.

$3,005,008

2.81%

299,901

Linden Advisors LP

$2,505,000

2.34%

250,000

Context Capital Management, LLC

$2,505,000

2.34%

250,000

BERKLEY W R CORP

$2,491,974

2.33%

248,700

GABELLI & Co INVESTMENT ADVISERS, INC.

$2,470,932

2.31%

246,600

Clear Street Group Inc.

$2,183,358

2.04%

217,900

BNP PARIBAS ARBITRAGE, SA

$2,177,095

2.03%

217,275

Radcliffe Capital Management, L.P.

$2,039,370

1.90%

203,530

TORONTO DOMINION BANK

$2,032,667

1.90%

202,861

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	202,861	$2,032,667	100.0%	Defined

Periscope Capital Inc.

$2,004,000

1.87%

200,000

TWO SIGMA INVESTMENTS, LP

$1,816,125

1.70%

181,250

GABELLI FUNDS LLC

$1,036,068

0.97%

103,400

HEIGHTS CAPITAL MANAGEMENT, INC

$751,500

0.70%

75,000

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

Manager	Shares	Value (USD)	% of position	Discretion
CVI Investments, Inc.	75,000	$751,500	100.0%	Other

PICTON MAHONEY ASSET MANAGEMENT

$501,000

0.47%

50,000

MIZUHO SECURITIES USA LLC

$250,500

0.23%

25,000

Wellspring Financial Advisors, LLC

$184,368

0.17%

18,400

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

Manager	Shares	Value (USD)	% of position	Discretion
Virtu Americas LLC	18,781	$185,180	100.0%	Defined

Key facts CIK 2081536 CUSIP G96193100