Who owns Pantages Capital Acquisition (PGAC)
Which tracked institutional funds hold PGAC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See PGAC 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 PGAC is one-sided between 2026-Q1 and 2026-Q2: 0 added or opened and 17 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
PGAC’s largest tracked holder by dollar value, Harraden Circle Investments, LLC, sizes it at 1.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 1.1pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in PGAC 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 26 tracked filers holding PGAC, 13 increased or opened the position and 17 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 PGAC 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 5
- Harraden Circle Investments, LLC$139M
- Radcliffe Capital Management, L.P.$2M
- GLAZER CAPITAL, LLC$2M
- Crossingbridge Advisors, LLC$1M
- TWO SIGMA INVESTMENTS, LP$622K
Largest trims
- Polar Asset Management Partners Inc.$7M
- BERKLEY W R CORP$7M
- WOLVERINE ASSET MANAGEMENT LLC$6M
- RIVERNORTH CAPITAL MANAGEMENT, LLC$5M
- Westchester Capital Management, LLC$5M
- D. E. Shaw & Co., Inc.$3M
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 |
|---|---|---|---|---|
| Karpus Management, Inc. trimmed | 820,275 | $9M | 3.8% | 2026-Q2 |
| MIZUHO SECURITIES USA LLC | 758,757 | $8M | 3.4% | 2026-Q2 |
| Hudson Bay Capital Management LP | 395,572 | $4M | 1.8% | 2026-Q2 |
| BERKLEY W R CORP trimmed | 248,616 | $3M | 1.1% | 2026-Q2 |
| AQR Arbitrage LLC trimmed | 201,934 | $2M | 0.9% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 200,000 | $2M | 0.9% | 2026-Q2 |
| HEIGHTS CAPITAL MANAGEMENT, INC trimmed | 63,673 | $676K | 0.3% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 62,177 | $661K | 0.3% | 2026-Q2 |
| Clear Street Group Inc. trimmed | 55,874 | $594K | 0.3% | 2026-Q2 |
| Shaolin Capital Management LLC trimmed | 42,975 | $457K | 0.2% | 2026-Q2 |
| Linden Advisors LP | 1,500,000 | $292K | 0.1% | 2026-Q2 |
| Polar Asset Management Partners Inc. trimmed | 25,000 | $266K | 0.1% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 8,616 | $91K | 0.0% | 2026-Q2 |
| MANGROVE PARTNERS IM, LLC | 403,269 | $82K | 0.0% | 2026-Q2 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 450,000 | $77K | 0.0% | 2026-Q2 |
| D. E. Shaw & Co., Inc. | 325,000 | $65K | 0.0% | 2026-Q2 |
| Westchester Capital Management, LLC trimmed | 385,000 | $62K | 0.0% | 2026-Q2 |
| BOOTHBAY FUND MANAGEMENT, LLC | 264,000 | $54K | 0.0% | 2026-Q2 |
| HGC Investment Management Inc. | 250,000 | $51K | 0.0% | 2026-Q2 |
| GABELLI & Co INVESTMENT ADVISERS, INC. added | 203,200 | $42K | 0.0% | 2026-Q2 |
| GABELLI FUNDS LLC | 146,800 | $30K | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 50,000 | $10K | 0.0% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC | 51,100 | $10K | 0.0% | 2026-Q2 |
| TORONTO DOMINION BANK trimmed | 40,000 | $8K | 0.0% | 2026-Q2 |
| UBS Group AG trimmed | 5,029 | $805 | 0.0% | 2026-Q2 |
| MORGAN STANLEY trimmed | 70 | $744 | 0.0% | 2026-Q2 |
| Harraden Circle Investments, LLC | 696,325 | $139M | 60.3% | 2026-Q1 stale (1 quarter behind) |
| Radcliffe Capital Management, L.P. | 229,090 | $2M | 1.0% | 2026-Q1 stale (1 quarter behind) |
| GLAZER CAPITAL, LLC trimmed | 198,779 | $2M | 0.9% | 2026-Q1 stale (1 quarter behind) |
| Crossingbridge Advisors, LLC new | 108,032 | $1M | 0.5% | 2026-Q1 stale (1 quarter behind) |
| TWO SIGMA INVESTMENTS, LP trimmed | 59,369 | $622K | 0.3% | 2026-Q1 stale (1 quarter behind) |
| Warberg Asset Management LLC trimmed | 24,760 | $259K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| CITADEL ADVISORS LLC trimmed | 14,896 | $156K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| METEORA CAPITAL, LLC new | 14,043 | $147K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| ATW SPAC MANAGEMENT LLC | 264,000 | $53M | 22.9% | 2025-Q3 stale (3 quarters behind) |
| CANTOR FITZGERALD, L. P. new | 50,000 | $513K | 0.2% | 2025-Q3 stale (3 quarters behind) |
| CLEAR STREET LLC trimmed | 44,309 | $451K | 0.2% | 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.