Fifth Era Acquisition Corp I Class A Ordinary Shares

FERA • NASDAQ

Fifth Era Acquisition Corp I Class A Ordinary Shares is a blank checks company on NASDAQ, with a market cap of $324.5M. As of Q3 2025, 63% of shares are held by 45 institutional investors, with MMCAP International Inc. SPC as the largest holder at 6.08%.

Market Cap$324.5M

BLANK CHECKS

Overview

Overview of institutional ownership in FERA as of Q3 2025 with a market cap of $318.0M

All Institutions

Institutions: 45
Value Held: $201.4M
Shares Held: 19.8M
Avg Position: $4.5M
Median Position: $3.1M

Hedge Funds

Hedge Funds: 30
Value Held: $141.3M
Shares Held: 13.9M
Avg Position: $4.7M
Median Position: $3.0M

Ownership Breakdown

Institutional (non-HF)

18.91%

$60.1M

Hedge Funds

44.44%

$141.3M

Retail & Other

36.65%

$116.6M

Based on market cap of $318.0M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in FERA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
M MMCAP International Inc. SPC Institution	-	$19.3M 2.57% of portfolio	6.08% 1.9M shares	Q3 2025 Held for 2 months	$752.3M
Magnetar Financial LLC Hedge Fund•Multi-Strategy	David Jay Snyderman CEO	$15.3M 0.10% of portfolio	4.80% 1.5M shares	Q2 2025 Held for 5 months	$15.4B
T TENOR CAPITAL MANAGEMENT Co., L.P. Hedge Fund•Multi-Strategy	Robin Rajendra Shah CIO	$15.3M 1.89% of portfolio	4.80% 1.5M shares	Q2 2025 Held for 5 months	$806.7M
CNH PARTNERS LLC Hedge Fund•Multi-Strategy	Herbert James Willcox CCO	$14.1M 0.52% of portfolio	4.43% 1.4M shares	Q2 2025 Held for 5 months	$2.7B
Governors Lane LP Hedge Fund•Event Driven	Isaac Daniel Corre CIO	$11.5M 1.61% of portfolio	3.60% 1.1M shares	Q2 2025 Held for 5 months	$712.0M
Meteora Capital, LLC Hedge Fund•Event Driven	Vikas K Mittal Managing Partner	$9.3M 1.24% of portfolio	2.94% 919.8K shares	Q3 2025 Held for 2 months	$752.0M
W WHITEBOX ADVISORS LLC Hedge Fund•Multi-Strategy	Robert Jacob Vogel CIO	$7.6M 0.58% of portfolio	2.40% 750.0K shares	Q2 2025 Held for 5 months	$1.3B
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$7.4M 0.01% of portfolio	2.32% 725.0K shares	Q2 2025 Held for 5 months	$62.0B
GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy	Paul Jay Glazer CEO	$7.0M 0.32% of portfolio	2.20% 686.6K shares	Q2 2025 Held for 5 months	$2.2B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$6.9M 0.01% of portfolio	2.18% 681.0K shares	Q2 2025 Held for 5 months	$122.08B

Net Capital Flow

Institutional buying and selling activity for FERA in Q3 2025

Traded: +$40.4M
Buyers: 16
Sellers: 12
Total Bought: +$51.3M
Total Sold: −$10.8M
Avg Position: $4.0M

Biggest Buyers

Institution	Net Bought	Current Position
M MMCAP International Inc. SPC Institution	+$19.3M +1.9M shares	$19.3M 1.9M shares
Meteora Capital, LLC Hedge Fund•Event Driven	+$9.3M +919.8K shares	$9.3M 919.8K shares
Context Capital Management, LLC Hedge Fund•Convert Bond Arb	+$3.1M +300.0K shares	$3.1M 300.0K shares
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$3.0M +297.5K shares	$3.0M 297.5K shares
PERISCOPE CAPITAL INC. Institution	+$2.3M +225.0K shares	$2.3M 225.0K shares
Radcliffe Capital Management, L.P. Hedge Fund•Multi-Strategy	+$2.3M +224.6K shares	$3.4M 329.2K shares
MANGROVE PARTNERS Hedge Fund•Multi-Strategy	+$2.2M +221.1K shares	$2.2M 221.1K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$2.0M +200.0K shares	$2.0M 200.0K shares
GABELLI SECURITIES INC Hedge Fund•Multi-Strategy	+$1.8M +174.5K shares	$1.8M 174.5K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	+$1.5M +146.6K shares	$6.9M 681.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	−$3.0M −290.3K shares	$3.3M 319.6K shares
Centiva Capital, LP Hedge Fund•Multi-Strategy	−$2.5M −250.0K shares	Sold Off 0 shares
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	−$2.2M −218.1K shares	Sold Off 0 shares
K K2 PRINCIPAL FUND, L.P. Institution	−$1.5M −150.0K shares	Sold Off 0 shares
DLD Asset Management, LP Hedge Fund•Multi-Strategy	−$1.0M −100.0K shares	$1.0M 100.0K shares
TORONTO DOMINION BANK Institution	−$176.3K −17.3K shares	$1.0M 100.0K shares
V Virtu Financial LLC Institution	−$132.1K −13.0K shares	Sold Off 0 shares
CNH PARTNERS LLC Hedge Fund•Multi-Strategy	−$101.6K −10.0K shares	$14.1M 1.4M shares
F FIFTH LANE CAPITAL, LP Institution	−$101.5K −10.0K shares	Sold Off 0 shares
GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy	−$31.8K −3.1K shares	$7.0M 686.6K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited FERA in Q3 2025

New Positions: 11
New Value: $45.6M
Exited Positions: 5
Exited Value: $6.5M

New Positions

Institution	Position Value
M MMCAP International Inc. SPC Institution	$19.3M 1.9M shares
Meteora Capital, LLC Hedge Fund•Event Driven	$9.3M 919.8K shares
Context Capital Management, LLC Hedge Fund•Convert Bond Arb	$3.1M 300.0K shares
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$3.0M 297.5K shares
PERISCOPE CAPITAL INC. Institution	$2.3M 225.0K shares
MANGROVE PARTNERS Hedge Fund•Multi-Strategy	$2.2M 221.1K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$2.0M 200.0K shares
GABELLI SECURITIES INC Hedge Fund•Multi-Strategy	$1.8M 174.5K shares
GABELLI FUNDS LLC Long Only Manager	$1.3M 125.5K shares
Westchester Capital Management, LLC Hedge Fund•Merger Arb	$876.8K 86.3K shares

Exited Positions

Institution	Previous Position
Centiva Capital, LP Hedge Fund•Multi-Strategy	$2.5M 250.0K shares
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$2.2M 218.1K shares
K K2 PRINCIPAL FUND, L.P. Institution	$1.5M 150.0K shares
V Virtu Financial LLC Institution	$132.1K 13.0K shares
F FIFTH LANE CAPITAL, LP Institution	$101.5K 10.0K shares

Options Activity

Institutions with the largest Call and Put options positions in FERA as of Q3 2025

Call Positions: 1
Call Value: $2.0M
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
DLD Asset Management, LP Hedge Fund•Multi-Strategy	$2.0M 2.0K contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with FERA as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
M MMCAP International Inc. SPC Institution	-	2.57% $19.3M	6.08% 1.9M shares	Q3 2025 Held for 2 months	$752.3M
T TENOR CAPITAL MANAGEMENT Co., L.P. Hedge Fund•Multi-Strategy	Robin Rajendra Shah CIO	1.89% $15.3M	4.80% 1.5M shares	Q2 2025 Held for 5 months	$806.7M
Context Capital Management, LLC Hedge Fund•Convert Bond Arb	Michael Stuart Rosen CEO	1.62% $3.1M	0.96% 300.0K shares	Q3 2025 Held for 2 months	$187.8M
Governors Lane LP Hedge Fund•Event Driven	Isaac Daniel Corre CIO	1.61% $11.5M	3.60% 1.1M shares	Q2 2025 Held for 5 months	$712.0M
H HEIGHTS CAPITAL MANAGEMENT, INC Institution	-	1.26% $3.6M	1.12% 350.0K shares	Q2 2025 Held for 5 months	$282.2M
Meteora Capital, LLC Hedge Fund•Event Driven	Vikas K Mittal Managing Partner	1.24% $9.3M	2.94% 919.8K shares	Q3 2025 Held for 2 months	$752.0M
M Mint Tower Capital Management B.V. Institution	-	0.91% $3.1M	0.96% 300.0K shares	Q2 2025 Held for 5 months	$333.7M
Wealthspring Capital LLC Hedge Fund•Event Driven	Matthew Simpson Managing Partner	0.77% $2.7M	0.86% 268.8K shares	Q2 2025 Held for 5 months	$355.5M
Radcliffe Capital Management, L.P. Hedge Fund•Multi-Strategy	Steve Brett Katznelson CIO	0.74% $3.4M	1.05% 329.2K shares	Q2 2025 Held for 5 months	$452.3M
PERISCOPE CAPITAL INC. Institution	Scott Allen Hayes President	0.63% $2.3M	0.72% 225.0K shares	Q3 2025 Held for 2 months	$363.3M

Hedge Fund Spotlight

Discover hedge funds investing in FERA

WOLVERINE ASSET MANAGEMENT LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerChristopher Lazarus Gust

Portfolio Value: $1.5B
Positions: 859
Last Reported: Q3 2025

Sector Allocation

Position in Fifth Era Acquisition Corp I Class A Ordinary Shares

Market Value: $95.3K
Shares Held: 9.4K
Portfolio Weight: 0.01%
Owned Since: 2025-Q2

Top Holding	Sector	Market Value	Weight
1 BTSGU BrightSpring Health Services BTSGU	Medical - Healthcare Information Services Healthcare	$56.2M	3.82%
2 iShares Bitcoin Trust IBIT	ETF ETF	$36.0M	2.45%
3 AAM AA Mission Acquisition Corp. AAM	Unknown Unknown	$26.9M	1.83%

View full profile

Fifth Era Acquisition Corp I Class A Ordinary Shares

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in Fifth Era Acquisition Corp I Class A Ordinary Shares

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