Who owns Aldel Financial II (ALDF)
Which tracked institutional funds hold ALDF, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ALDF company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-14). 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on ALDF is one-sided between 2026-Q1 and 2026-Q2: 2 added or opened and 9 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
ALDF’s largest tracked holder by dollar value, Harraden Circle Investments, LLC, sizes it at 0.2% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ALDF divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2026-Q1 and 2026-Q2, across 46 tracked filers holding ALDF, 10 increased or opened the position and 19 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in ALDF between the 2026-Q1 and 2026-Q2 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
Full exits 6
- Harraden Circle Investments, LLC$25M
- METEORA CAPITAL, LLC$8M
- TENOR CAPITAL MANAGEMENT Co., L.P.$7M
- GLAZER CAPITAL, LLC$5M
- Mint Tower Capital Management B.V.$2M
- Kepos Capital LP$528K
Largest adds
- HIGHBRIDGE CAPITAL MANAGEMENT LLC$4M
- BERKLEY W R CORP$580K
Largest trims
- Fort Baker Capital Management LP$2M
- TORONTO DOMINION BANK$655K
- AQR Arbitrage LLC$360K
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| Magnetar Financial LLC | 1,899,098 | $20M | 8.2% | 2026-Q2 |
| AQR Arbitrage LLC trimmed | 1,463,426 | $16M | 6.3% | 2026-Q2 |
| LMR Partners LLP | 1,200,000 | $13M | 5.2% | 2026-Q2 |
| Westchester Capital Management, LLC | 1,159,448 | $12M | 5.0% | 2026-Q2 |
| Hudson Bay Capital Management LP | 1,100,000 | $12M | 4.8% | 2026-Q2 |
| Linden Advisors LP | 950,000 | $10M | 4.1% | 2026-Q2 |
| Ghisallo Capital Management LLC | 900,000 | $10M | 3.9% | 2026-Q2 |
| D. E. Shaw & Co., Inc. | 880,057 | $9M | 3.8% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT added | 763,000 | $8M | 3.3% | 2026-Q2 |
| Wealthspring Capital LLC trimmed | 721,520 | $8M | 3.1% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC | 605,314 | $6M | 2.6% | 2026-Q2 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 563,655 | $6M | 2.5% | 2026-Q2 |
| BERKLEY W R CORP added | 523,423 | $6M | 2.3% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP | 500,000 | $5M | 2.2% | 2026-Q2 |
| WHITEBOX ADVISORS LLC | 400,000 | $4M | 1.7% | 2026-Q2 |
| GRITSTONE ASSET MANAGEMENT LLC | 394,214 | $4M | 1.7% | 2026-Q2 |
| Radcliffe Capital Management, L.P. | 379,584 | $4M | 1.6% | 2026-Q2 |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC added | 370,830 | $4M | 1.6% | 2026-Q2 |
| Periscope Capital Inc. | 350,000 | $4M | 1.5% | 2026-Q2 |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | 350,000 | $4M | 1.5% | 2026-Q2 |
| TORONTO DOMINION BANK trimmed | 334,000 | $4M | 1.4% | 2026-Q2 |
| Fort Baker Capital Management LP trimmed | 254,193 | $3M | 1.1% | 2026-Q2 |
| Alberta Investment Management Corp | 250,581 | $3M | 1.1% | 2026-Q2 |
| MOORE CAPITAL MANAGEMENT, LP | 250,000 | $3M | 1.1% | 2026-Q2 |
| Verition Fund Management LLC added | 206,800 | $2M | 0.9% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC added | 197,525 | $2M | 0.9% | 2026-Q2 |
| MIZUHO SECURITIES USA LLC | 184,373 | $2M | 0.8% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC | 175,000 | $2M | 0.8% | 2026-Q2 |
| L1 Global Manager Pty Ltd | 160,000 | $2M | 0.7% | 2026-Q2 |
| Shaolin Capital Management LLC trimmed | 143,245 | $2M | 0.6% | 2026-Q2 |
| CSS LLC/IL trimmed | 101,906 | $1M | 0.4% | 2026-Q2 |
| O'Connor Alternative Investments LLC | 100,000 | $1M | 0.4% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS | 93,462 | $999K | 0.4% | 2026-Q2 |
| SONA ASSET MANAGEMENT (US) LLC | 55,971 | $598K | 0.2% | 2026-Q2 |
| Bulldog Investors, LLP trimmed | 54,580 | $583K | 0.2% | 2026-Q2 |
| READYSTATE ASSET MANAGEMENT LP | 50,512 | $540K | 0.2% | 2026-Q2 |
| DELTEC ASSET MANAGEMENT LLC | 50,000 | $534K | 0.2% | 2026-Q2 |
| Clear Street Group Inc. trimmed | 47,319 | $506K | 0.2% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC added | 39,032 | $417K | 0.2% | 2026-Q2 |
| StoneX Group Inc. new | 34,578 | $369K | 0.1% | 2026-Q2 |
| ARISTEIA CAPITAL, L.L.C. | 33,558 | $359K | 0.1% | 2026-Q2 |
| Arax Advisory Partners new | 15,134 | $162K | 0.1% | 2026-Q2 |
| DLD Asset Management, LP new | 12,830 | $137K | 0.1% | 2026-Q2 |
| ROBINSON CAPITAL MANAGEMENT, LLC new | 12,000 | $128K | 0.1% | 2026-Q2 |
| UBS Group AG trimmed | 50 | $534 | 0.0% | 2026-Q2 |
| MORGAN STANLEY trimmed | 49 | $524 | 0.0% | 2026-Q2 |
| Harraden Circle Investments, LLC | 2,351,288 | $25M | 10.0% | 2026-Q1 stale (1 quarter behind) |
| METEORA CAPITAL, LLC trimmed | 776,947 | $8M | 3.3% | 2026-Q1 stale (1 quarter behind) |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 699,234 | $7M | 3.0% | 2026-Q1 stale (1 quarter behind) |
| GLAZER CAPITAL, LLC trimmed | 433,671 | $5M | 1.9% | 2026-Q1 stale (1 quarter behind) |
| Mint Tower Capital Management B.V. | 200,000 | $2M | 0.9% | 2026-Q1 stale (1 quarter behind) |
| Kepos Capital LP | 50,000 | $528K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP trimmed | 11,543 | $122K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| JPMORGAN CHASE & CO new | 100 | $1K | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Quarry LP trimmed | 30,000 | $315K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Sandia Investment Management LP trimmed | 30,000 | $315K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Alyeska Investment Group, L.P. | 20,757 | $223K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| Tuttle Capital Management, LLC trimmed | 15,000 | $157K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| ExodusPoint Capital Management, LP new | 214,859 | $2M | 0.9% | 2025-Q2 stale (4 quarters behind) |
| BARDIN HILL MANAGEMENT PARTNERS LP new | 18,330 | $192K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| CLEAR STREET LLC added | 812 | $9K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
1 parent filing withheld from the table above, and from the coverage figures, to avoid listing one book twice: OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) (last filed 2025-Q4, 100,000 shares) reconciles to its 1 current affiliate (100,000 shares) — 0.000% apart.
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.