Who owns FACT II Acquisition (FACT)
Which tracked institutional funds hold FACT, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See FACT company fundamentals →
Ownership as of the 2026-Q2 13F filings (latest filed 2026-08-17). 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
10 tracked funds added or opened FACT while 17 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
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
FACT’s largest tracked holder by dollar value, TENOR CAPITAL MANAGEMENT Co., L.P., sizes it at 1.7% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.7pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in FACT 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 54 tracked filers holding FACT, 15 increased or opened the position and 25 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 FACT 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.
New buyers 4
- HIGHBRIDGE CAPITAL MANAGEMENT LLC$17M
- Brevan Howard Capital Management LP$1M
- DLD Asset Management, LP$817K
- Fort Baker Capital Management LP$627K
Full exits 11
- TENOR CAPITAL MANAGEMENT Co., L.P.$136M
- GLAZER CAPITAL, LLC$7M
- METEORA CAPITAL, LLC$5M
- Hudson Bay Capital Management LP$5M
- TWO SIGMA INVESTMENTS, LP$5M
- MANGROVE PARTNERS IM, LLC$5M
Largest adds
- BERKLEY W R CORP$9M
- Shay Capital LLC$970K
- TORONTO DOMINION BANK$765K
- Centiva Capital, LP$573K
- UBS Group AG$427K
- AQR Arbitrage LLC$290K
Largest trims
- Context Capital Management, LLC$318M
- WOLVERINE ASSET MANAGEMENT LLC$7M
- RIVERNORTH CAPITAL MANAGEMENT, LLC$5M
- Crossingbridge Advisors, LLC$4M
- GRITSTONE ASSET MANAGEMENT LLC$774K
- Schonfeld Strategic Advisors LLC$531K
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 |
|---|---|---|---|---|
| HIGHBRIDGE CAPITAL MANAGEMENT LLC added | 1,608,394 | $17M | 4.7% | 2026-Q2 |
| AQR Arbitrage LLC | 1,281,595 | $14M | 3.8% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT trimmed | 1,239,837 | $13M | 3.7% | 2026-Q2 |
| BERKLEY W R CORP added | 1,153,140 | $12M | 3.4% | 2026-Q2 |
| Magnetar Financial LLC | 1,061,498 | $11M | 3.1% | 2026-Q2 |
| LMR Partners LLP | 1,002,470 | $11M | 3.0% | 2026-Q2 |
| D. E. Shaw & Co., Inc. | 866,244 | $9M | 2.6% | 2026-Q2 |
| Westchester Capital Management, LLC | 726,116 | $8M | 2.1% | 2026-Q2 |
| Wealthspring Capital LLC trimmed | 725,870 | $8M | 2.1% | 2026-Q2 |
| Radcliffe Capital Management, L.P. trimmed | 521,872 | $6M | 1.5% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC | 422,388 | $4M | 1.2% | 2026-Q2 |
| Linden Advisors LP added | 306,032 | $3M | 0.9% | 2026-Q2 |
| Centiva Capital, LP added | 300,946 | $3M | 0.9% | 2026-Q2 |
| Crossingbridge Advisors, LLC trimmed | 292,461 | $3M | 0.9% | 2026-Q2 |
| WHITEBOX ADVISORS LLC | 250,000 | $3M | 0.7% | 2026-Q2 |
| Alberta Investment Management Corp | 250,000 | $3M | 0.7% | 2026-Q2 |
| MIZUHO SECURITIES USA LLC | 250,904 | $3M | 0.7% | 2026-Q2 |
| Shay Capital LLC added | 239,678 | $3M | 0.7% | 2026-Q2 |
| Context Capital Management, LLC trimmed | 200,000 | $2M | 0.6% | 2026-Q2 |
| TORONTO DOMINION BANK added | 198,000 | $2M | 0.6% | 2026-Q2 |
| Shaolin Capital Management LLC trimmed | 185,166 | $2M | 0.5% | 2026-Q2 |
| Periscope Capital Inc. trimmed | 175,000 | $2M | 0.5% | 2026-Q2 |
| UBS Group AG added | 122,736 | $1M | 0.4% | 2026-Q2 |
| MOORE CAPITAL MANAGEMENT, LP | 100,000 | $1M | 0.3% | 2026-Q2 |
| Clear Street Group Inc. trimmed | 97,000 | $1M | 0.3% | 2026-Q2 |
| Brevan Howard Capital Management LP new | 96,685 | $1M | 0.3% | 2026-Q2 |
| DLD Asset Management, LP trimmed | 76,830 | $817K | 0.2% | 2026-Q2 |
| HEIGHTS CAPITAL MANAGEMENT, INC | 60,000 | $638K | 0.2% | 2026-Q2 |
| Fort Baker Capital Management LP new | 58,971 | $627K | 0.2% | 2026-Q2 |
| PenderFund Capital Management Ltd. new | 31,900 | $339K | 0.1% | 2026-Q2 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 500,000 | $280K | 0.1% | 2026-Q2 |
| GRITSTONE ASSET MANAGEMENT LLC trimmed | 25,000 | $266K | 0.1% | 2026-Q2 |
| READYSTATE ASSET MANAGEMENT LP | 25,000 | $266K | 0.1% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 19,205 | $204K | 0.1% | 2026-Q2 |
| OMERS ADMINISTRATION Corp | 15,730 | $170K | 0.0% | 2026-Q2 |
| Arax Advisory Partners new | 15,440 | $164K | 0.0% | 2026-Q2 |
| ROBINSON CAPITAL MANAGEMENT, LLC | 15,250 | $162K | 0.0% | 2026-Q2 |
| Rangeley Capital, LLC trimmed | 14,886 | $158K | 0.0% | 2026-Q2 |
| Saba Capital Management, L.P. | 237,350 | $142K | 0.0% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 12,060 | $128K | 0.0% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS | 211,180 | $127K | 0.0% | 2026-Q2 |
| PEAK6 LLC | 137,600 | $83K | 0.0% | 2026-Q2 |
| K2 PRINCIPAL FUND, L.P. trimmed | 127,021 | $76K | 0.0% | 2026-Q2 |
| Verition Fund Management LLC | 99,400 | $60K | 0.0% | 2026-Q2 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC trimmed | 249,743 | $52K | 0.0% | 2026-Q2 |
| Bulldog Investors, LLP trimmed | 82,697 | $50K | 0.0% | 2026-Q2 |
| Lineage Point Capital LP added | 67,582 | $41K | 0.0% | 2026-Q2 |
| Parallax Volatility Advisers, L.P. trimmed | 50,359 | $31K | 0.0% | 2026-Q2 |
| CSS LLC/IL | 49,400 | $30K | 0.0% | 2026-Q2 |
| Quarry LP trimmed | 2,688 | $29K | 0.0% | 2026-Q2 |
| RLH Capital LLC new | 2,688 | $29K | 0.0% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC trimmed | 10,000 | $6K | 0.0% | 2026-Q2 |
| LONGFELLOW INVESTMENT MANAGEMENT CO LLC | 476 | $5K | 0.0% | 2026-Q2 |
| MORGAN STANLEY trimmed | 60 | $638 | 0.0% | 2026-Q2 |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 300,000 | $120M | 33.3% | 2026-Q1 stale (1 quarter behind) |
| GLAZER CAPITAL, LLC added | 686,125 | $7M | 2.0% | 2026-Q1 stale (1 quarter behind) |
| METEORA CAPITAL, LLC added | 487,942 | $5M | 1.4% | 2026-Q1 stale (1 quarter behind) |
| Hudson Bay Capital Management LP trimmed | 479,606 | $5M | 1.4% | 2026-Q1 stale (1 quarter behind) |
| TWO SIGMA INVESTMENTS, LP trimmed | 464,728 | $5M | 1.4% | 2026-Q1 stale (1 quarter behind) |
| MANGROVE PARTNERS IM, LLC trimmed | 438,966 | $5M | 1.3% | 2026-Q1 stale (1 quarter behind) |
| RiverPark Advisors, LLC added | 386,713 | $4M | 1.1% | 2026-Q1 stale (1 quarter behind) |
| Athos Capital Ltd | 250,000 | $3M | 0.7% | 2026-Q1 stale (1 quarter behind) |
| FLOW TRADERS U.S. LLC trimmed | 54,719 | $584K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| SkyView Investment Advisors, LLC new | 50,000 | $534K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Kepos Capital LP | 43,500 | $457K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Harraden Circle Investments, LLC | 145,086 | $51M | 14.1% | 2025-Q4 stale (2 quarters behind) |
| Sandia Investment Management LP trimmed | 25,000 | $260K | 0.1% | 2025-Q4 stale (2 quarters behind) |
| HRT FINANCIAL LP new | 10,226 | $107K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| BANK OF AMERICA CORP /DE/ new | 100 | $35 | 0.0% | 2025-Q4 stale (2 quarters behind) |
| GRAHAM CAPITAL WEALTH MANAGEMENT, LLC trimmed | 35,975 | $374K | 0.1% | 2025-Q3 stale (3 quarters behind) |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | 250,000 | $3M | 0.7% | 2025-Q2 stale (4 quarters behind) |
| CLEAR STREET LLC trimmed | 32,856 | $338K | 0.1% | 2025-Q2 stale (4 quarters behind) |
| CANTOR FITZGERALD, L. P. new | 16,800 | $173K | 0.0% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.