| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| METEORA CAPITAL, LLC | 8.1% | $22,325,887 | 2,225,911 | Meteora Capital, LLC | 31 Dec 2025 |
As of 31 Dec 2025, 53 institutional investors reported holding 20,442,534 shares of Trailblazer Acquisition Corp. - Class A common stock (BLZR). This represents 74% of the company’s total 27,500,074 outstanding shares.
The largest institutional shareholders of Trailblazer Acquisition Corp. - Class A common stock (BLZR) together control 65% 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 |
|---|---|---|---|---|---|
| METEORA CAPITAL, LLC | 8.1% | 2,225,911 | 1.9% | $22,281,369 | |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | 4.4% | 1,200,000 | 0.02% | $12,012,000 | |
| TENOR CAPITAL MANAGEMENT Co., L.P. | 3.6% | 1,000,000 | 0.14% | $10,010,000 | |
| MMCAP International Inc. SPC | 3.6% | 1,000,000 | 1% | $10,010,000 | |
| Polar Asset Management Partners Inc. | 3.6% | 1,000,000 | 0.2% | $10,010,000 | |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 3.6% | 999,999 | 0.02% | $10,009,990 | |
| Magnetar Financial LLC | 3.6% | 999,987 | 0.1% | $10,009,870 | |
| Harraden Circle Investments, LLC | 3.2% | 884,472 | 1.6% | $8,853,565 | |
| JPMORGAN CHASE & CO | 3.2% | 884,424 | 0% | $8,853,084 | |
| TWO SIGMA INVESTMENTS, LP | 3.2% | 869,999 | 0.01% | $8,708,690 | |
| Saba Capital Management, L.P. | 2.9% | 786,316 | 0.26% | $7,871,023 | |
| AQR Arbitrage LLC | 2.7% | 732,789 | 0.15% | $7,335,218 | |
| Shaolin Capital Management LLC | 2% | 550,000 | 0.21% | $5,505,500 | |
| Radcliffe Capital Management, L.P. | 2% | 537,741 | 0.29% | $5,382,787 | |
| Linden Advisors LP | 1.8% | 500,000 | 0.03% | $5,005,000 | |
| PICTON MAHONEY ASSET MANAGEMENT | 1.8% | 499,995 | 0.05% | $5,004,950 | |
| Wealthspring Capital LLC | 1.7% | 477,936 | 1.1% | $4,784,139 | |
| MOORE CAPITAL MANAGEMENT, LP | 1.5% | 400,000 | 0.08% | $4,004,000 | |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) | 1.5% | 400,000 | 0.47% | $4,004,000 | |
| Ghisallo Capital Management LLC | 1.5% | 400,000 | 0.18% | $4,004,000 | |
| Lineage Point Capital LP | 1.2% | 332,348 | 0% | 1.3% | $3,326,803 |
| Ilex Capital Partners (UK) LLP | 1% | 287,870 | 0.08% | $2,881,579 | |
| BNP PARIBAS FINANCIAL MARKETS | 0.97% | 267,200 | 0% | 0% | $2,674,672 |
| BERKLEY W R CORP | 0.95% | 261,006 | 0.15% | $2,612,670 | |
| Hudson Bay Capital Management LP | 0.92% | 252,518 | 0.01% | $2,527,705 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 20,442,534 | $204,635,229 | +$198,383,504 | $10.01 | 53 |