Cardinal Infrastructure Group Inc. - Class A Common Stock, par value $0.0001 per share (CDNL) Institutional Ownership

13F Institutional Holders and Ownership History for Q4 2025

Type / Class
Equity / Class A Common Stock, par value $0.0001 per share
Symbol
CDNL on Nasdaq
Shares outstanding
21,082,790
Price per share
$25.59
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
13,237,857
Total reported value
$319,845,868
% of total 13F portfolios
0%
Share change
+13,237,857
Value change
+$319,845,868
Number of holders
54
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Significant Owners of Cardinal Infrastructure Group Inc. - Class A Common Stock, par value $0.0001 per share (CDNL) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Spivey Jeremy Simmons 45% $306,724,588 12,229,848 Jeremy Simmons Spivey 31 Dec 2025
West Erik Daniel 29% $153,339,346 6,114,009 Erik Daniel West 31 Dec 2025
Rowe Michael Bruce Jr. 29% $51,113,115 2,038,003 Michael Bruce Rowe, Jr. 31 Dec 2025
FMR LLC 12% $41,712,677 1,648,071 FMR LLC 31 Dec 2025
Schonfeld Strategic Advisors LLC 8.6% $32,238,584 1,285,430 Schonfeld Strategic Advisors LLC 31 Dec 2025
ALLIANCEBERNSTEIN L.P. 7.1% $23,626,965 942,064 AllianceBernstein L.P. 31 Dec 2025
BERNER ROSS 5.4% $20,174,477 804,405 Ross Berner 31 Dec 2025
MCKINNEY MARK 5.1% $19,071,785 760,438 Mark McKinney 31 Dec 2025
Ophir Asset Management Pty Ltd 5.3% 700,000 Ophir Asset Management Pty Ltd 10 Dec 2025
WASATCH ADVISORS LP 5.2% $17,154,369 683,986 Wasatch Advisors LP 31 Dec 2025

As of 31 Dec 2025, 54 institutional investors reported holding 13,237,857 shares of Cardinal Infrastructure Group Inc. - Class A Common Stock, par value $0.0001 per share (CDNL). This represents 63% of the company’s total 21,082,790 outstanding shares.

Top 25 Institutional Shareholders

The largest institutional shareholders of Cardinal Infrastructure Group Inc. - Class A Common Stock, par value $0.0001 per share (CDNL) together control 58% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.

Institution Ownership % Shares Held Share Change % Portfolio % Holdings Value
FMR LLC 7.8% 1,648,071 0% $39,850,357
Schonfeld Strategic Advisors LLC 6.1% 1,285,430 0.16% $31,081,695
Ophir Asset Management Pty Ltd 4.7% 986,985 2.7% $23,865,297
ALLIANCEBERNSTEIN L.P. 4.5% 942,064 0.01% $22,779,108
ACK Asset Management LLC 4% 844,591 2.6% $20,422,210
WASATCH ADVISORS LP 3.2% 683,986 0.1% $16,538,781
ADAGE CAPITAL PARTNERS GP, L.L.C. 2.9% 620,000 0.02% $14,991,600
TimesSquare Capital Management, LLC 2.9% 604,300 0.22% $14,611,974
EMERALD ADVISERS, LLC 2.4% 513,355 0.38% $12,412,924
Driehaus Capital Management LLC 2.4% 508,093 0.08% $12,285,689
CITADEL ADVISORS LLC 1.9% 407,949 0.01% $9,864,207
LORD, ABBETT & CO. LLC 1.8% 383,148 0.03% $9,265,000
FEDERATED HERMES, INC. 1.8% 370,359 0.01% $8,955,281
EMERALD MUTUAL FUND ADVISERS TRUST 1.4% 299,995 0.35% $7,253,879
Nuveen, LLC 1.4% 299,658 0% $7,245,731
MILLENNIUM MANAGEMENT LLC 1.3% 278,678 0% $6,738,434
Alyeska Investment Group, L.P. 1.3% 275,000 0.02% $6,649,500
FRED ALGER MANAGEMENT, LLC 1.2% 244,831 0.02% $5,920,014
Balyasny Asset Management L.P. 0.93% 196,544 0.01% $4,752,434
GOLDMAN SACHS GROUP INC 0.76% 160,985 0% $3,892,617
Allspring Global Investments Holdings, LLC 0.75% 157,269 0.01% $3,557,425
PRINCIPAL FINANCIAL GROUP INC 0.68% 143,345 0% $3,466,082
Engle Capital Management, L.P. 0.62% 131,000 1.2% $3,167,580
READYSTATE ASSET MANAGEMENT LP 0.5% 105,022 0.11% $2,539,432
BRANT POINT INVESTMENT MANAGEMENT LLC 0.49% 102,989 0.6% $2,490,274

Institutional Holders of Cardinal Infrastructure Group Inc. - Class A Common Stock, par value $0.0001 per share (CDNL) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2025 Q4 13,237,857 $319,845,868 +$319,845,868 $24.18 54