| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| WOLVERINE ASSET MANAGEMENT LLC | 9% | +15% | $16,069,623 | +$2,089,212 | 1,557,134 | +15% | WOLVERINE ASSET MANAGEMENT LLC | 30 Sep 2025 |
| AQR CAPITAL MANAGEMENT LLC | 6.4% | -25% | $11,087,889 | -$3,880,911 | 1,099,989 | -26% | AQR Capital Management, LLC | 31 Mar 2025 |
| BANK OF MONTREAL /CAN/ | 4.6% | -19% | $8,240,000 | -$2,060,000 | 800,000 | -20% | Bank of Montreal | 30 Jun 2025 |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 2.3% | -58% | $4,032,000 | -$5,040,000 | 400,000 | -56% | Healthcare of Ontario Pension Plan Trust Fund | 31 Mar 2025 |
As of 31 Dec 2025, 43 institutional investors reported holding 15,977,751 shares of Translational Development Acquisition Corp. - Class A ordinary shares, par value $0.0001 per share (TDAC). This represents 93% of the company’s total 17,244,009 outstanding shares.
The largest institutional shareholders of Translational Development Acquisition Corp. - Class A ordinary shares, par value $0.0001 per share (TDAC) together control 81% 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 |
|---|---|---|---|---|---|
| WOLVERINE ASSET MANAGEMENT LLC | 7.9% | 1,367,115 | -12% | 0.2% | $14,341,036 |
| Magnetar Financial LLC | 7.5% | 1,300,000 | 0% | 0.13% | $13,637,000 |
| AQR Arbitrage LLC | 6.4% | 1,096,989 | 0% | 0.24% | $11,507,415 |
| LMR Partners LLP | 4.6% | 800,000 | 0% | 0.08% | $8,392,000 |
| Hudson Bay Capital Management LP | 3.8% | 650,000 | 0% | 0.04% | $6,818,500 |
| First Trust Capital Management L.P. | 3.8% | 649,998 | 0% | 0.41% | $6,818,479 |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 3.7% | 635,399 | 0% | 0.09% | $6,665,336 |
| Karpus Management, Inc. | 3.6% | 613,425 | -0.54% | 0.2% | $6,416,426 |
| Polar Asset Management Partners Inc. | 3.5% | 600,000 | 0% | 0.12% | $6,294,000 |
| Alberta Investment Management Corp | 3.5% | 600,000 | 0.04% | $6,294,000 | |
| Linden Advisors LP | 3.5% | 600,000 | 0% | 0.04% | $6,294,000 |
| Radcliffe Capital Management, L.P. | 2.9% | 505,514 | +0.24% | 0.29% | $5,295,259 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 2.9% | 500,000 | +25% | 0.25% | $5,230,000 |
| PICTON MAHONEY ASSET MANAGEMENT | 2.8% | 475,002 | 0% | 0.05% | $4,975,646 |
| Periscope Capital Inc. | 2.3% | 400,090 | 0% | 0.81% | $4,190,943 |
| Glazer Capital, LLC | 2.3% | 399,797 | -3.3% | 0.11% | $4,182,000 |
| GOLDMAN SACHS GROUP INC | 2.2% | 385,010 | 0% | 0% | $4,027,205 |
| MIZUHO SECURITIES USA LLC | 2.1% | 366,110 | +0.86% | 0.06% | $3,789,239 |
| MMCAP International Inc. SPC | 2% | 350,000 | 0% | 0.37% | $3,671,500 |
| D. E. Shaw & Co., Inc. | 2% | 346,900 | 0% | 0% | $3,638,981 |
| WHITEBOX ADVISORS LLC | 1.8% | 305,000 | 0% | 0.05% | $3,199,450 |
| METEORA CAPITAL, LLC | 1.6% | 270,843 | 0.24% | $2,833,018 | |
| Westchester Capital Management, LLC | 1.4% | 248,852 | 0% | 0.12% | $2,610,458 |
| Shaolin Capital Management LLC | 1.3% | 218,094 | +8.5% | 0.09% | $2,287,806 |
| Wealthspring Capital LLC | 1.2% | 207,230 | 0% | 0.51% | $2,167,626 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 15,977,751 | $167,444,705 | +$8,075,273 | $10.49 | 43 |
| 2025 Q3 | 15,031,948 | $155,536,911 | +$15,253,748 | $10.35 | 40 |
| 2025 Q2 | 13,959,688 | $142,484,311 | +$30,107,600 | $10.27 | 38 |
| 2025 Q1 | 11,160,102 | $112,476,282 | +$112,476,282 | $10.08 | 30 |