Pantages Capital Acquisition Corporation Class A Ordinary Shares is a blank checks company on NASDAQ, with a market cap of $114.3M. As of Q3 2025, 63% of shares are held by 26 institutional investors, with Karpus Management, Inc. as the largest holder at 8.05%.
Overview of institutional ownership in PGAC as of Q3 2025 with a market cap of $113.1M
Based on market cap of $113.1M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.
Institutions with the largest positions in PGAC as of Q3 2025
| Institution | Position Value |
|---|---|
K Karpus Management, Inc. Institution | $9.1M 0.29% of portfolio |
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy | $7.7M 0.52% of portfolio |
Polar Securities Inc. Hedge Fund•Multi-Strategy | $7.2M 0.21% of portfolio |
BERKLEY W R CORP Institution | $5.5M 0.36% of portfolio |
CNH PARTNERS LLC Hedge Fund•Multi-Strategy | $5.5M 0.20% of portfolio |
Westchester Capital Management, LLC Hedge Fund•Merger Arb | $4.6M 0.25% of portfolio |
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy | $4.1M 0.03% of portfolio |
D D. E. Shaw & Co., Inc. Institution | $3.3M 0.00% of portfolio |
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy | $3.3M 0.20% of portfolio |
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy | $2.8M 0.00% of portfolio |
Institutional buying and selling activity for PGAC in Q3 2025
| Institution | Net Bought |
|---|---|
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy | +$7.7M +750.2K shares |
Polar Securities Inc. Hedge Fund•Multi-Strategy | +$7.2M +- shares |
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy | +$3.3M +324.0K shares |
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy | +$2.3M +220.6K shares |
GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy | +$2.1M +- shares |
BERKLEY W R CORP Institution | +$2.0M +198.8K shares |
JPMORGAN CHASE & CO Institution | +$1.0M +99.9K shares |
HGC Investment Management Inc. Private Equity | +$1.0M +100.0K shares |
MANGROVE PARTNERS Hedge Fund•Multi-Strategy | +$785.9K +76.6K shares |
C CANTOR FITZGERALD, L. P. Institution | +$513.0K +50.0K shares |
| Institution | Net Sold |
|---|---|
K Karpus Management, Inc. Institution | −$1.5M −145.2K shares |
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy | −$567.8K −55.3K shares |
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | −$514.4K −50.5K shares |
CNH PARTNERS LLC Hedge Fund•Multi-Strategy | −$123.4K −12.0K shares |
Institutions that initiated new positions or completely exited PGAC in Q3 2025
| Institution | Position Value |
|---|---|
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy | $7.7M 750.2K shares |
Polar Securities Inc. Hedge Fund•Multi-Strategy | $7.2M 700.0K shares |
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy | $3.3M 324.0K shares |
GLAZER CAPITAL, LLC Hedge Fund•Multi-Strategy | $2.1M 200.0K shares |
JPMORGAN CHASE & CO Institution | $1.0M 99.9K shares |
HGC Investment Management Inc. Private Equity | $1.0M 100.0K shares |
MANGROVE PARTNERS Hedge Fund•Multi-Strategy | $785.9K 76.6K shares |
C CANTOR FITZGERALD, L. P. Institution | $513.0K 50.0K shares |
Shaolin Capital Management LLC Hedge Fund•Multi-Strategy | $513.0K 50.0K shares |
UBS Group AG Institution | $10.0 1.0 shares |
| Institution | Previous Position |
|---|---|
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy | $514.4K 50.5K shares |
Institutions with the largest Call and Put options positions in PGAC as of Q3 2025
| Institution | Position Value |
|---|---|
| No call positions found | |
| Institution | Position Value |
|---|---|
| No put positions found | |
Institutions with PGAC as the highest % of their portfolio as of Q3 2025
| Institution | Portfolio Weight |
|---|---|
W Warberg Asset Management LLC Hedge Fund•Multi-Strategy | 1.55% $781.7K |
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy | 0.52% $7.7M |
Radcliffe Capital Management, L.P. Hedge Fund•Multi-Strategy | 0.52% $2.4M |
HGC Investment Management Inc. Private Equity | 0.46% $1.0M |
BERKLEY W R CORP Institution | 0.36% $5.5M |
GABELLI SECURITIES INC Hedge Fund•Multi-Strategy | 0.34% $2.1M |
K Karpus Management, Inc. Institution | 0.29% $9.1M |
Westchester Capital Management, LLC Hedge Fund•Merger Arb | 0.25% $4.6M |
H HEIGHTS CAPITAL MANAGEMENT, INC Institution | 0.24% $668.2K |
Polar Securities Inc. Hedge Fund•Multi-Strategy | 0.21% $7.2M |
Discover hedge funds investing in PGAC

| Top Holding | Sector | Market Value | Weight |
|---|---|---|---|
Auto - Manufacturers Consumer Cyclical | $150.8M | 10.58% | |
Drug Manufacturers - Specialty & Generic Healthcare | $66.1M | 4.64% | |
Unknown Unknown | $65.9M | 4.63% |
We use cookies for analytics. See our Privacy and Cookie Policy.