Who owns Translational Development Acquisition (TDAC)
Which tracked institutional funds hold TDAC, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See TDAC 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 TDAC is one-sided between 2026-Q1 and 2026-Q2: 10 added or opened and 30 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
TDAC’s largest tracked holder by dollar value, Linden Advisors LP, sizes it at 0.5% of its own reported 13F book, while the median holder sizes it at 0.1% of theirs — a 0.4pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in TDAC 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 32 tracked filers holding TDAC, 11 increased or opened the position and 36 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 TDAC 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 6
- Kryger Capital LLC$12M
- Calamos Advisors LLC$4M
- BOOTHBAY FUND MANAGEMENT, LLC$2M
- CANTOR FITZGERALD, L. P.$2M
- Brevan Howard Capital Management LP$648K
- Yakira Capital Management, Inc.$641K
Full exits 20
- Hudson Bay Capital Management LP$7M
- TENOR CAPITAL MANAGEMENT Co., L.P.$7M
- Karpus Management, Inc.$6M
- GLAZER CAPITAL, LLC$4M
- MMCAP International Inc. SPC$4M
- D. E. Shaw & Co., Inc.$4M
Largest adds
- HIGHBRIDGE CAPITAL MANAGEMENT LLC$9M
- Linden Advisors LP$6M
- Centiva Capital, LP$1M
- BERKLEY W R CORP$561K
Largest trims
- WOLVERINE ASSET MANAGEMENT LLC$3M
- Magnetar Financial LLC$3M
- Radcliffe Capital Management, L.P.$2M
- Periscope Capital Inc.$2M
- Westchester Capital Management, LLC$1M
- Verition Fund Management LLC$1M
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 |
|---|---|---|---|---|
| Linden Advisors LP added | 1,150,000 | $12M | 6.3% | 2026-Q2 |
| Kryger Capital LLC new | 1,141,050 | $12M | 6.2% | 2026-Q2 |
| Magnetar Financial LLC trimmed | 1,000,000 | $11M | 5.5% | 2026-Q2 |
| AQR Arbitrage LLC trimmed | 974,300 | $10M | 5.3% | 2026-Q2 |
| WOLVERINE ASSET MANAGEMENT LLC trimmed | 944,878 | $10M | 5.2% | 2026-Q2 |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC added | 861,837 | $9M | 4.7% | 2026-Q2 |
| LMR Partners LLP | 800,000 | $9M | 4.4% | 2026-Q2 |
| Alberta Investment Management Corp | 600,000 | $6M | 3.3% | 2026-Q2 |
| Polar Asset Management Partners Inc. trimmed | 539,510 | $6M | 2.9% | 2026-Q2 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 500,000 | $5M | 2.8% | 2026-Q2 |
| PICTON MAHONEY ASSET MANAGEMENT | 475,002 | $5M | 2.6% | 2026-Q2 |
| MIZUHO SECURITIES USA LLC | 401,100 | $4M | 2.1% | 2026-Q2 |
| Calamos Advisors LLC new | 371,532 | $4M | 2.0% | 2026-Q2 |
| SONA ASSET MANAGEMENT (US) LLC | 369,960 | $4M | 2.0% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC trimmed | 342,787 | $4M | 1.9% | 2026-Q2 |
| BERKLEY W R CORP added | 322,658 | $3M | 1.8% | 2026-Q2 |
| Radcliffe Capital Management, L.P. trimmed | 271,940 | $3M | 1.5% | 2026-Q2 |
| Centiva Capital, LP added | 250,000 | $3M | 1.4% | 2026-Q2 |
| BOOTHBAY FUND MANAGEMENT, LLC new | 232,034 | $2M | 1.3% | 2026-Q2 |
| Shaolin Capital Management LLC trimmed | 200,760 | $2M | 1.1% | 2026-Q2 |
| CANTOR FITZGERALD, L. P. new | 153,850 | $2M | 0.8% | 2026-Q2 |
| Periscope Capital Inc. trimmed | 125,000 | $1M | 0.7% | 2026-Q2 |
| Westchester Capital Management, LLC trimmed | 124,328 | $1M | 0.7% | 2026-Q2 |
| MOORE CAPITAL MANAGEMENT, LP | 100,000 | $1M | 0.5% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC trimmed | 98,630 | $1M | 0.5% | 2026-Q2 |
| Brevan Howard Capital Management LP new | 60,533 | $648K | 0.3% | 2026-Q2 |
| Yakira Capital Management, Inc. new | 60,000 | $641K | 0.3% | 2026-Q2 |
| Verition Fund Management LLC trimmed | 46,687 | $499K | 0.3% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC | 16,554 | $177K | 0.1% | 2026-Q2 |
| Clear Street Group Inc. added | 4,963 | $53K | 0.0% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 3,513 | $38K | 0.0% | 2026-Q2 |
| MORGAN STANLEY trimmed | 62 | $663 | 0.0% | 2026-Q2 |
| Hudson Bay Capital Management LP | 650,000 | $7M | 3.5% | 2026-Q1 stale (1 quarter behind) |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 635,399 | $7M | 3.4% | 2026-Q1 stale (1 quarter behind) |
| Karpus Management, Inc. trimmed | 603,425 | $6M | 3.2% | 2026-Q1 stale (1 quarter behind) |
| GLAZER CAPITAL, LLC trimmed | 390,245 | $4M | 2.1% | 2026-Q1 stale (1 quarter behind) |
| MMCAP International Inc. SPC | 350,000 | $4M | 1.9% | 2026-Q1 stale (1 quarter behind) |
| D. E. Shaw & Co., Inc. | 346,900 | $4M | 1.9% | 2026-Q1 stale (1 quarter behind) |
| WHITEBOX ADVISORS LLC | 305,000 | $3M | 1.6% | 2026-Q1 stale (1 quarter behind) |
| First Trust Capital Management L.P. trimmed | 299,998 | $3M | 1.6% | 2026-Q1 stale (1 quarter behind) |
| Crossingbridge Advisors, LLC added | 290,100 | $3M | 1.6% | 2026-Q1 stale (1 quarter behind) |
| METEORA CAPITAL, LLC trimmed | 256,254 | $3M | 1.4% | 2026-Q1 stale (1 quarter behind) |
| Wealthspring Capital LLC trimmed | 204,690 | $2M | 1.1% | 2026-Q1 stale (1 quarter behind) |
| Governors Lane LP | 204,229 | $2M | 1.1% | 2026-Q1 stale (1 quarter behind) |
| TORONTO DOMINION BANK added | 200,800 | $2M | 1.1% | 2026-Q1 stale (1 quarter behind) |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | 200,000 | $2M | 1.1% | 2026-Q1 stale (1 quarter behind) |
| L1 Global Manager Pty Ltd | 175,000 | $2M | 0.9% | 2026-Q1 stale (1 quarter behind) |
| MILLENNIUM MANAGEMENT LLC | 150,000 | $2M | 0.8% | 2026-Q1 stale (1 quarter behind) |
| Quarry LP trimmed | 150,000 | $2M | 0.8% | 2025-Q2 stale (4 quarters behind) |
| TWO SIGMA INVESTMENTS, LP | 133,325 | $1M | 0.7% | 2026-Q1 stale (1 quarter behind) |
| DLD Asset Management, LP | 94,853 | $1M | 0.5% | 2026-Q1 stale (1 quarter behind) |
| GRITSTONE ASSET MANAGEMENT LLC | 83,651 | $885K | 0.5% | 2026-Q1 stale (1 quarter behind) |
| Warberg Asset Management LLC | 73,422 | $777K | 0.4% | 2026-Q1 stale (1 quarter behind) |
| JPMORGAN CHASE & CO new | 38,639 | $408K | 0.2% | 2026-Q1 stale (1 quarter behind) |
| UBS Group AG added | 17,692 | $187K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| Virtu Financial LLC new | 16,038 | $169K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| CLEAR STREET LLC trimmed | 1,969 | $20K | 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.