Q3 2025 · 13F-HR
HGC Investment Management Inc.holdings as filed
Filed 2025-11-14 · accession 0001711200-25-000005
$410.5M
Reported value
124
Positions
2025-09-30
Period end
The Brief · HGC Investment Management Inc. · Q3 2025
AI · grounded in 13F
HGC Investment Management Inc. closed its position in ARTIUS II ACQUISITION INC, reducing exposure by $15.49M. The fund also exited positions in SOULPOWER ACQUISITION CORP and SIDDHI ACQUISITION CORP, totaling losses of $13.26M and $12.88M respectively. Offsetting these sells, the fund established new positions in ARTIUS II ACQUISITION INC-A for $15.25M and SOULPOWER ACQUISITION CO-A for $13.15M. Other notable activity included closing a position in SKAA for $10.28M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| G4992A110 | JACS | JACKSON ACQUISITION CO-CL A | $16.4M | 3.98% | 1,575,200 | Common | SOLE |
| G20315100 | ALF | CENTURION ACQUISITION CORP | $15.3M | 3.73% | 1,450,000 | Common | SOLE |
| G0509J115 | AACB | ARTIUS II ACQUISITION INC-A | $15.3M | 3.72% | 1,500,000 | Common | SOLE |
| G4035N103 | GPAT | GP-ACT III ACQUISITION-A | $14.6M | 3.55% | 1,375,000 | Common | SOLE |
| G82745103 | SOUL | SOULPOWER ACQUISITION CO-A | $13.2M | 3.20% | 1,303,161 | Common | SOLE |
| G1828E100 | CEPF | CANTOR EQUITY PARTNERS-CL A | $12.7M | 3.10% | 1,250,000 | Common | SOLE |
| G8118C124 | SDHI | SIDDHI ACQUISITION CORP-A | $12.7M | 3.09% | 1,250,000 | Common | SOLE |
| G1000R101 | AAM | AA MISSION ACQUISITION COR-A | $12.7M | 3.09% | 1,205,000 | Common | SOLE |
| G3415K127 | FERAU | FIFTH ERA ACQUISITION CORP I | $12.1M | 2.94% | 1,150,760 | Common | SOLE |
| G2851K120 | DMIIU | DRUGS MADE IN AMERICA ACQUIS | $11.9M | 2.91% | 1,200,000 | Common | SOLE |
| G6858G123 | OBAWU | OXLEY BRIDGE ACQUISITION LTD | $9.5M | 2.32% | 950,000 | Common | SOLE |
| G7309T128 | PAII/U | PYROPHYTE ACQUISITION CORP I | $8.6M | 2.10% | 850,000 | Common | SOLE |
| G63221124 | MBVIU | M3-BRIGADE ACQUISITION VI CO | $8.6M | 2.10% | 850,000 | Common | SOLE |
| G19307118 | CGCTU | CARTESIAN GROWTH CORP III | $8.1M | 1.98% | 800,000 | Common | SOLE |
| 925050106 | VRNA | VERONA PHARMA PLC - ADR | $7.9M | 1.92% | 73,890 | Common | SOLE |
| G8901A129 | TACHU | TITAN ACQUISITION CORP | $7.8M | 1.90% | 759,131 | Common | SOLE |
| G52258103 | KFIIU | K&F GROWTH ACQUISITION CORP | $7.8M | 1.89% | 750,000 | Common | SOLE |
| G0273J101 | AEXA | AMERICAN EXCEPTIONALISM-CL A | $7.7M | 1.86% | 700,000 | Common | SOLE |
| G7117W123 | PACHU | PIONEER ACQUISITION I CORP | $7.5M | 1.82% | 743,077 | Common | SOLE |
| G3730U123 | FCRS/U | FUTURECREST ACQUISITION CORP | $7.4M | 1.81% | 700,000 | Common | SOLE |
| G5093B121 | JENA/U | JENA ACQUISITION CORP II | $7.3M | 1.78% | 700,000 | Common | SOLE |
| G6301B101 | MLAC | MOUNTAIN LAKE ACQUISITION-A | $7.2M | 1.76% | 700,000 | Common | SOLE |
| G4365E103 | HCMA | HCM III ACQUISITION COR-CL A | $7.1M | 1.72% | 700,000 | Common | SOLE |
| G3106Q110 | EVAC/U | EQV VENTURES ACQUISITION COR | $7.0M | 1.70% | 697,174 | Common | SOLE |
| G8193F109 | SZZL | SIZZLE ACQUISITION CORP-CL A | $6.6M | 1.60% | 650,539 | Common | SOLE |
| G7515A103 | RDAG | REPUBLIC DIGITAL ACQUIS-CL A | $6.2M | 1.50% | 602,741 | Common | SOLE |
| G9009S129 | BLZRU | TRAILBLAZER ACQUISITION CORP | $5.6M | 1.37% | 550,000 | Common | SOLE |
| M2682V108 | CYBR | CYBER-ARK SOFTWARE LTD/ISRAE | $5.6M | 1.37% | 11,637 | Common | SOLE |
| G9R39C103 | WENN | WEN ACQUISITION CORP-A | $5.6M | 1.36% | 550,000 | Common | SOLE |
| 285512109 | EA | ELECTRONIC ARTS INC | $5.5M | 1.35% | 27,500 | Common | SOLE |
| G87890128 | TVAIU | THAYER VENTURES ACQUISITION | $5.4M | 1.30% | 525,000 | Common | SOLE |
| G4R12K123 | GSRFU | GSR IV ACQUISITION CORP | $5.3M | 1.30% | 525,000 | Common | SOLE |
| G3473K126 | FIGXU | FIGX CAPITAL ACQUISITION COR | $5.0M | 1.23% | 500,000 | Common | SOLE |
| G7515A111 | RDAGU | REPUBLIC DIGITAL ACQUISITION | $4.7M | 1.14% | 443,934 | Common | SOLE |
| G5509P102 | LOKV | LIVE OAK ACQUISITION CORP-A | $4.6M | 1.12% | 450,000 | Common | SOLE |
| G6476A102 | NPAC | NEW PROVIDENCE ACQUISITION-A | $4.6M | 1.11% | 450,000 | Common | SOLE |
| G5509P128 | LOKVU | LIVE OAK ACQUISITION CORP V | $4.2M | 1.02% | 402,960 | Common | SOLE |
| G4002F117 | GTENU | GORES HOLDINGS X INC | $4.1M | 1.01% | 400,000 | Common | SOLE |
| G8192J128 | SPEGU | SILVER PEGASUS ACQUISITION C | $4.1M | 0.99% | 400,000 | Common | SOLE |
| G0R78B122 | BCSS/U | BAIN CAPITAL GSS INVESTMENT | $4.0M | 0.98% | 400,000 | Common | SOLE |
| G7010A103 | PMTRU | PERIMETER ACQUISITION CORP I | $4.0M | 0.97% | 388,400 | Common | SOLE |
| G04819101 | ENHA | A PARADISE ACQUISITION - A | $4.0M | 0.96% | 400,000 | Common | SOLE |
| G2616F127 | BCARU | D BORAL ARC ACQUISITION I CO | $3.8M | 0.91% | 375,000 | Common | SOLE |
| G0750N120 | AXINU | AXIOM INTELLIGENCE ACQUISITI | $3.5M | 0.86% | 350,000 | Common | SOLE |
| G2295P123 | COLAU | COLUMBUS ACQUISITION CORP | $3.1M | 0.76% | 300,000 | Common | SOLE |
| G5353S129 | LCCCU | LAKESHORE ACQUISITION III CO | $3.1M | 0.75% | 300,000 | Common | SOLE |
| G8559L104 | SSEAU | STARRY SEA ACQUISITION CORP | $3.0M | 0.74% | 299,986 | Common | SOLE |
| G7387B122 | QUMSU | QUANTUMSPHERE ACQUISITION CO | $3.0M | 0.74% | 300,000 | Common | SOLE |
| G82617120 | SOCAU | SOLARIUS CAPITAL ACQUISITION | $3.0M | 0.74% | 300,000 | Common | SOLE |
| G1828A108 | CAEP | CANTOR EQUITY PARTNERS III-A | $2.8M | 0.69% | 275,000 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST | $2.8M | 0.68% | 42,936 | Common | SOLE |
| G7552W109 | RIBB | RIBBON ACQUISITION CORP | $2.6M | 0.62% | 250,000 | Common | SOLE |
| G2946P126 | EGHAU | EGH ACQUISITION CORP | $2.6M | 0.62% | 250,000 | Common | SOLE |
| G24243118 | COPL/U | COPLEY ACQUISITION CORP | $2.5M | 0.62% | 250,000 | Common | SOLE |
| G1331A124 | BACCU | BLUE ACQUISITION CORP | $2.5M | 0.61% | 250,000 | Common | SOLE |
| G5490M118 | LWACU | LIGHTWAVE ACQUISITION CORP | $2.5M | 0.60% | 245,500 | Common | SOLE |
| G8772L105 | TVA | TEXAS VENTURES ACQUISITION-A | $2.1M | 0.52% | 200,000 | Common | SOLE |
| G75389125 | RFAIU | RF ACQUISITION CORP II | $2.1M | 0.52% | 200,000 | Common | SOLE |
| G6757R121 | ONCHU | 1RT ACQUISITION CORP | $2.1M | 0.51% | 200,000 | Common | SOLE |
| G6486E128 | NHICU | NEWHOLD INVESTMENT CORP III | $2.1M | 0.50% | 200,000 | Common | SOLE |
| G4569C127 | HVMCU | HIGHVIEW MERGER CORP | $2.0M | 0.49% | 200,000 | Common | SOLE |
| G0701G125 | BDCIU | BTC DEVELOPMENT CORP | $2.0M | 0.49% | 200,000 | Common | SOLE |
| G6004G100 | MACI | MELAR ACQUISITION CORP I-A | $1.8M | 0.45% | 175,000 | Common | SOLE |
| G3852D123 | GSHRU | GESHER ACQUISITION CORP II | $1.5M | 0.38% | 150,000 | Common | SOLE |
| G3933N108 | GTERU | GLOBA TERRA ACQUISITION CORP | $1.5M | 0.37% | 150,000 | Common | SOLE |
| G17564124 | CRAQU | CAL REDWOOD ACQUISITION CORP | $1.5M | 0.37% | 150,000 | Common | SOLE |
| G93Y0A104 | UYSC | UY SCUTI ACQUISITION CORP | $1.5M | 0.37% | 150,000 | Common | SOLE |
| G4791J122 | INACU | INDIGO ACQUISITION CORP | $1.5M | 0.37% | 150,000 | Common | SOLE |
| G6791A126 | OTGAU | OTG ACQUISITION CORP I | $1.3M | 0.31% | 125,000 | Common | SOLE |
| G63212107 | MBAV | M3-BRIGADE ACQUISITION V-A | $1.1M | 0.26% | 100,600 | Common | SOLE |
| G7134A112 | PLMKU | PLUM ACQUISITION CORP IV | $1.0M | 0.25% | 100,000 | Common | SOLE |
| G4365E129 | HCMAU | HCM III ACQUISITION CORP | $1.0M | 0.25% | 100,000 | Common | SOLE |
| G8089R100 | PGAC | PANTAGES CAPITAL ACQUISITION | $1.0M | 0.25% | 100,000 | Common | SOLE |
| G4002F109 | GTEN | GORES HOLDINGS X INC-CL A | $1.0M | 0.25% | 100,000 | Common | SOLE |
| G2584S135 | KOYNU | CSLM DIGITAL ASSET ACQUISITI | $1.0M | 0.25% | 100,000 | Common | SOLE |
| G6005T127 | MKLYU | MCKINLEY ACQUISITION CORP | $999,000 | 0.24% | 100,000 | Common | SOLE |
| G47875110 | IPCXR | INFLECTION POINT ACQUISITION | $402,600 | 0.10% | 915,000 | Common | SOLE |
| G4992A136 | JACS-R | JACKSON ACQUISITION CO II | $398,439 | 0.10% | 1,475,700 | Common | SOLE |
| G0509J123 | AACBR | ARTIUS II ACQUISITION INC | $360,000 | 0.09% | 1,500,000 | Common | SOLE |
| G98659116 | MCGA | YORKVILLE ACQUISITION CORP-A | $266,500 | 0.06% | 25,000 | Common | SOLE |
| G8431T101 | SIMA | SIM ACQUISITION CORP I-A | $263,500 | 0.06% | 25,000 | Common | SOLE |
| G8118C116 | SDHIR | SIDDHI ACQUISITION CORP | $262,500 | 0.06% | 1,250,000 | Common | SOLE |
| G82745137 | SOUL-R | SOULPOWER ACQUISITION CORP | $247,601 | 0.06% | 1,303,161 | Common | SOLE |
| 86887P309 | BNC | CEA Industries Inc Private Placement Founder Share | $185,351 | 0.05% | 23,763 | Common | SOLE |
| G4365E111 | HCMAW | HCMAW US 31 Jul 30 C11.5 | $165,083 | 0.04% | 233,333 | Common | SOLE |
| G0131Y118 | ANSCW | ANSCW US 31 Dec 28 C11.5 | $135,945 | 0.03% | 503,500 | Common | SOLE |
| G9R39C111 | WENNW | WENNW US 15 May 31 C11.5 | $126,000 | 0.03% | 225,000 | Common | SOLE |
| G1051H119 | TACOW | TACOW US 28 Apr 30 C11.5 | $117,250 | 0.03% | 175,000 | Common | SOLE |
| G8193F133 | SZZLR | SIZZLE ACQUISITION CORP -RTS | $117,032 | 0.03% | 650,539 | Common | SOLE |
| G8772L113 | TVACW | TVACW US 15 May 31 C11.5 | $110,000 | 0.03% | 100,000 | Common | SOLE |
| G6301B127 | MLACR | MOUNTAIN LAKE ACQUISITION CO | $105,070 | 0.03% | 700,000 | Common | SOLE |
| G8089R118 | PGACR | SHEPHERD AVE CAPITAL ACQUISI | $100,000 | 0.02% | 500,000 | Common | SOLE |
| G6476A110 | NPACW | NPACW US 24 Apr 30 C11.5 | $67,500 | 0.02% | 150,000 | Common | SOLE |
| G04819119 | — | A PARADISE ACQUISITION COR | $64,000 | 0.02% | 400,000 | Common | SOLE |
| G6001J131 | IPEXR | MAYWOOD ACQUISITION CORP | $60,000 | 0.01% | 100,000 | Common | SOLE |
| G7552W117 | RIBBR | RIBBON ACQUISITION CORP | $58,750 | 0.01% | 250,000 | Common | SOLE |
| G5509P110 | LOKVW | LOKVW US 17 Apr 30 C11.5 | $55,000 | 0.01% | 100,000 | Common | SOLE |
| G1514D127 | YHNAR | YHN ACQUISITION I LTD | $52,902 | 0.01% | 344,188 | Common | SOLE |
| G93Y0A112 | UYSCR | UY SCUTI ACQUISITION CORP | $40,500 | 0.01% | 150,000 | Common | SOLE |
| G4002F125 | GTENW | GTENW US 20 Jun 31 C11.5 | $38,000 | 0.01% | 50,000 | Common | SOLE |
| 67190B120 | OAKUR | OAK WOODS ACQUISITION COR-RT | $30,000 | 0.01% | 120,000 | Common | SOLE |
| G28524133 | DYCQR | DT CLOUD ACQUISITION COR-RTS | $27,000 | 0.01% | 150,000 | Common | SOLE |
| 07323B118 | BAYAR | BAYVIEW ACQUISITION CORP | $24,000 | 0.01% | 150,000 | Common | SOLE |
| G6004G118 | MACIW | MACIW US 01 Jun 31 C11.5 | $23,543 | 0.01% | 150,528 | Common | SOLE |
| G0223V121 | ATMCW | ATMCW US 17 Jan 28 C11.5 | $21,390 | 0.01% | 300,000 | Common | SOLE |
| G1152A120 | FUFUW | FUFUW US 07 Jun 28 C11.5 | $20,005 | 0.00% | 50,000 | Common | SOLE |
| G49667119 | ISLWF | ISRLW US 28 Feb 28 C11.5 | $18,396 | 0.00% | 100,800 | Common | SOLE |
| G1148A119 | BKHAR | BLACK HAWK ACQUISITION C-RTS | $17,000 | 0.00% | 10,000 | Common | SOLE |
| G17564116 | CRAQR | CAL REDWOOD ACQUISITION CORP | $14,711 | 0.00% | 66,869 | Common | SOLE |
| G1368E114 | BLUWW | BLUWW US 31 Dec 26 C11.5 | $14,190 | 0.00% | 100,000 | Common | SOLE |
| N68722110 | SHMDW | SHMDW US 25 Aug 28 C11.5 | $12,603 | 0.00% | 46,200 | Common | SOLE |
| G98659124 | MCGAW | MCGAW US 06 Jun 30 C11.5 | $10,000 | 0.00% | 8,333 | Common | SOLE |
| N68722102 | SHMD | SCHMID GROUP NV | $7,077 | 0.00% | 2,505 | Common | SOLE |
| G02532110 | AMBWQ | AMBI/WS US 06 Mar 28 C11.5 | $5,498 | 0.00% | 130,905 | Common | SOLE |
| G3530C117 | FSHPR | FLAG SHIP ACQUISITION CORP | $4,860 | 0.00% | 27,000 | Common | SOLE |
| 67190B112 | — | OAKUW US 17 May 28 C11.5 | $4,812 | 0.00% | 120,000 | Common | SOLE |
| 35088F115 | FORLW | FORLW US 12 May 28 C11.5 | $3,927 | 0.00% | 110,000 | Common | SOLE |
| 171756117 | DAICW | DAICW US 17 Nov 26 C11.5 | $3,813 | 0.00% | 25,000 | Common | SOLE |
| G6209W116 | MKDWW | MKDWW US 31 Jul 29 C0 | $2,660 | 0.00% | 175,000 | Common | SOLE |
| G3777K111 | GCLWW | GCLWW US 13 Feb 30 C11.5 | $348 | 0.00% | 4,500 | Common | SOLE |
| 53271X116 | LIMNW | LIMNW US 30 Apr 30 C11.5 | $185 | 0.00% | 1,250 | Common | SOLE |
| G9845F117 | LSBWF | YSBPW US 15 Mar 28 C11.5 | $25 | 0.00% | 5,000 | Common | SOLE |
| G9503X111 | WALDW | WALDW US 27 Jul 27 C11.5 | $25 | 0.00% | 666 | Common | SOLE |
| G9878M112 | — | YOULW US 10 Jul 30 C11.5 | $0 | — | 125,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.