# ARMADA ACQUISITION CORP III (AACI)

> Institutional ownership reported to the SEC as of Q2 2026, from Form 13F filings. Source: https://holderbook.com/stocks/AACI/

- Reporting holders: 48
- Reported value: $200.6M
- Held through calls: 0.0%
- Held through puts: 0.0%

A 13F reports long US equity positions only. Shorts, bonds, foreign listings and cash are not visible here, and positions are disclosed up to 45 days after the quarter ends.

## Largest holders

| Manager | Value | Shares | Share of their book | Quarters held |
|---|---|---|---|---|
| [ADAGE CAPITAL PARTNERS GP, L.L.C.](https://holderbook.com/funds/1165408-adage-capital-partners-gp-l-l-c/) | $20.2M | 2,025,000 | 0.0% | 2 |
| [Linden Advisors LP](https://holderbook.com/funds/1279396-linden-advisors-lp/) | $13.9M | 1,400,000 | 0.1% | 1 |
| [HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND](https://holderbook.com/funds/1535845-healthcare-of-ontario-pension-plan-trust-fund/) | $10.9M | 1,100,000 | 0.0% | 1 |
| [WOLVERINE ASSET MANAGEMENT LLC](https://holderbook.com/funds/1279891-wolverine-asset-management-llc/) | $10.2M | 1,019,872 | 0.1% | 2 |
| [Magnetar Financial LLC](https://holderbook.com/funds/1352851-magnetar-financial-llc/) | $9.9M | 1,000,000 | 0.1% | 1 |
| [Polar Asset Management Partners Inc.](https://holderbook.com/funds/1326389-polar-asset-management-partners-inc/) | $9.0M | 900,000 | 0.1% | 1 |
| [Hudson Bay Capital Management LP](https://holderbook.com/funds/1393825-hudson-bay-capital-management-lp/) | $9.0M | 900,000 | 0.0% | 2 |
| [AQR Arbitrage LLC](https://holderbook.com/funds/1167456-aqr-arbitrage-llc/) | $7.4M | 739,995 | 0.1% | 1 |
| [TENOR CAPITAL MANAGEMENT Co., L.P.](https://holderbook.com/funds/1346554-tenor-capital-management-co-l-p/) | $7.0M | 700,000 | 0.1% | 2 |
| [Alberta Investment Management Corp](https://holderbook.com/funds/1463559-alberta-investment-management-corp/) | $7.0M | 700,000 | 0.0% | 1 |
| [SONA ASSET MANAGEMENT (US) LLC](https://holderbook.com/funds/1856405-sona-asset-management-us-llc/) | $6.5M | 650,000 | 0.1% | 2 |
| [GLAZER CAPITAL, LLC](https://holderbook.com/funds/1076809-glazer-capital-llc/) | $6.2M | 625,504 | 0.2% | 1 |
| [MILLENNIUM MANAGEMENT LLC](https://holderbook.com/funds/1273087-millennium-management-llc/) | $6.1M | 612,000 | 0.0% | 1 |
| [Verition Fund Management LLC](https://holderbook.com/funds/1454027-verition-fund-management-llc/) | $6.0M | 600,200 | 0.0% | 2 |
| [WHITEBOX ADVISORS LLC](https://holderbook.com/funds/1257391-whitebox-advisors-llc/) | $5.5M | 550,000 | 0.1% | 1 |
| [BNP PARIBAS FINANCIAL MARKETS](https://holderbook.com/funds/1166588-bnp-paribas-financial-markets/) | $5.3M | 537,680 | 0.0% | 1 |
| [Radcliffe Capital Management, L.P.](https://holderbook.com/funds/1218275-radcliffe-capital-management-l-p/) | $4.3M | 426,213 | 0.3% | 2 |
| [Schonfeld Strategic Advisors LLC](https://holderbook.com/funds/1665241-schonfeld-strategic-advisors-llc/) | $4.2M | 417,507 | 0.0% | 2 |
| [Crossingbridge Advisors, LLC](https://holderbook.com/funds/1770024-crossingbridge-advisors-llc/) | $4.2M | 400,000 | 0.7% | 1 |
| [TWO SIGMA INVESTMENTS, LP](https://holderbook.com/funds/1179392-two-sigma-investments-lp/) | $4.1M | 407,812 | 0.0% | 2 |
| [Context Capital Management, LLC](https://holderbook.com/funds/1301396-context-capital-management-llc/) | $4.0M | 400,000 | 0.1% | 1 |
| [HEIGHTS CAPITAL MANAGEMENT, INC](https://holderbook.com/funds/1081698-heights-capital-management-inc/) | $3.6M | 365,000 | 0.8% | 1 |
| [COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS](https://holderbook.com/funds/1083190-commonwealth-of-pennsylvania-public-school-empls-retrmt-sys/) | $3.5M | 350,000 | 0.0% | 1 |
| [Kryger Capital LLC](https://holderbook.com/funds/2123957-kryger-capital-llc/) | $3.5M | 346,214 | 0.2% | 1 |
| [RIVERNORTH CAPITAL MANAGEMENT, LLC](https://holderbook.com/funds/1447578-rivernorth-capital-management-llc/) | $3.2M | 320,798 | 0.2% | 1 |

## Quarter by quarter

| Quarter | Holders | Reported value |
|---|---|---|
| Q2 2026 | 48 | $200.6M |
| Q1 2026 | 17 | $67.3M |
| Q2 2024 | 13 | $10.6M |
| Q1 2024 | 12 | $12.7M |
| Q4 2023 | 14 | $24.8M |
| Q3 2023 | 16 | $24.7M |
| Q2 2023 | 23 | $35.4M |
| Q1 2023 | 16 | $33.5M |
| Q4 2022 | 43 | $132.5M |
| Q3 2022 | 44 | $139.4M |
| Q2 2022 | 43 | $131.6M |
| Q1 2022 | 36 | $129.9M |