Texas Ventures Acquisition III Corp Class A Ordinary Share

TVA • NASDAQ

Texas Ventures Acquisition III Corp Class A Ordinary Share is a publicly traded company on NASDAQ, with a market cap of $316.7M. As of Q3 2025, 67% of shares are held by 42 institutional investors, with Frigate Ventures LP as the largest holder at 7.33%.

Market Cap$316.7M

Overview

Overview of institutional ownership in TVA as of Q3 2025 with a market cap of $321.3M

All Institutions

Institutions: 42
Value Held: $216.1M
Shares Held: 20.2M
Avg Position: $5.1M
Median Position: $3.3M

Hedge Funds

Hedge Funds: 24
Value Held: $129.7M
Shares Held: 12.1M
Avg Position: $5.4M
Median Position: $4.2M

Ownership Breakdown

Institutional (non-HF)

26.88%

$86.4M

Hedge Funds

40.38%

$129.7M

Retail & Other

32.75%

$105.2M

Based on market cap of $321.3M as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in TVA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Frigate Ventures LP RIA/Wealth	Anthony Lawrence Moore CFO	$23.6M 2.85% of portfolio	7.33% 2.2M shares	Q3 2025 Held for 2 months	$827.1M
T TENOR CAPITAL MANAGEMENT Co., L.P. Hedge Fund•Multi-Strategy	Robin Rajendra Shah CIO	$18.7M 2.32% of portfolio	5.83% 1.8M shares	Q2 2025 Held for 5 months	$806.7M
K Karpus Management, Inc. Institution	-	$15.8M 0.51% of portfolio	4.91% 1.5M shares	Q2 2025 Held for 5 months	$3.1B
Magnetar Financial LLC Hedge Fund•Multi-Strategy	David Jay Snyderman CEO	$15.0M 0.10% of portfolio	4.67% 1.4M shares	Q3 2025 Held for 2 months	$15.4B
Vivaldi Asset Management, LLC Fund of Funds	Michael Dillon Peck CEO	$15.0M 0.99% of portfolio	4.66% 1.4M shares	Q2 2025 Held for 5 months	$1.5B
CNH PARTNERS LLC Hedge Fund•Multi-Strategy	Herbert James Willcox CCO	$14.0M 0.52% of portfolio	4.38% 1.3M shares	Q3 2025 Held for 2 months	$2.7B
LINDEN ADVISORS LP Hedge Fund•Multi-Strategy	Siu Min (Joe) Wong CEO	$10.7M 1.10% of portfolio	3.33% 1.0M shares	Q2 2025 Held for 5 months	$971.4M
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	Jay Glenn Goldman CEO	$9.4M 0.36% of portfolio	2.92% 875.6K shares	Q3 2025 Held for 2 months	$2.6B
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	Scott David Hoffman CEO	$7.8M 0.01% of portfolio	2.42% 725.0K shares	Q2 2025 Held for 5 months	$62.0B
D D. E. Shaw & Co., Inc. Institution	-	$7.3M 0.01% of portfolio	2.27% 680.0K shares	Q2 2025 Held for 5 months	$115.81B

Net Capital Flow

Institutional buying and selling activity for TVA in Q3 2025

Traded: +$59.7M
Buyers: 23
Sellers: 15
Total Bought: +$93.9M
Total Sold: −$34.2M
Avg Position: $4.8M

Biggest Buyers

Institution	Net Bought	Current Position
Frigate Ventures LP RIA/Wealth	+$23.6M +2.2M shares	$23.6M 2.2M shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	+$15.0M +1.4M shares	$15.0M 1.4M shares
CNH PARTNERS LLC Hedge Fund•Multi-Strategy	+$14.0M +1.3M shares	$14.0M 1.3M shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	+$9.4M +875.6K shares	$9.4M 875.6K shares
Westchester Capital Management, LLC Hedge Fund•Merger Arb	+$5.1M +478.0K shares	$5.1M 478.0K shares
GOLDMAN SACHS GROUP INC Institution	+$4.4M +414.3K shares	$4.4M 414.3K shares
H Harraden Circle Investments, LLC Hedge Fund•Event Driven	+$4.2M +391.7K shares	$4.2M 391.7K shares
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	+$3.2M +297.5K shares	$3.2M 297.5K shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Private Equity	+$2.8M +264.9K shares	$2.8M 264.9K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	+$2.7M +250.0K shares	$2.7M 250.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	−$9.8M −917.2K shares	$5.2M 482.8K shares
UBS OCONNOR LLC Long Only Manager	−$4.0M −400.0K shares	Sold Off 0 shares
Schonfeld Strategic Advisors LLC Hedge Fund•Multi-Strategy	−$3.5M −327.4K shares	$1.1M 99.5K shares
Vivaldi Asset Management, LLC Fund of Funds	−$3.3M −307.1K shares	$15.0M 1.4M shares
Polar Securities Inc. Hedge Fund•Multi-Strategy	−$3.1M −292.3K shares	$1.2M 107.7K shares
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$2.7M −252.6K shares	$2.6M 241.3K shares
BERKLEY W R CORP Institution	−$1.6M −148.8K shares	$3.1M 291.7K shares
JPMORGAN CHASE & CO Institution	−$1.5M −138.7K shares	$1.6M 149.8K shares
Context Capital Management, LLC Hedge Fund•Convert Bond Arb	−$1.1M −100.0K shares	$1.1M 100.0K shares
Shaolin Capital Management LLC Hedge Fund•Multi-Strategy	−$1.1M −100.0K shares	$1.6M 150.0K shares

Entry and Exit Activity

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

New Positions: 17
New Value: $90.6M
Exited Positions: 3
Exited Value: $4.2M

New Positions

Institution	Position Value
Frigate Ventures LP RIA/Wealth	$23.6M 2.2M shares
Magnetar Financial LLC Hedge Fund•Multi-Strategy	$15.0M 1.4M shares
CNH PARTNERS LLC Hedge Fund•Multi-Strategy	$14.0M 1.3M shares
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$9.4M 875.6K shares
Westchester Capital Management, LLC Hedge Fund•Merger Arb	$5.1M 478.0K shares
GOLDMAN SACHS GROUP INC Institution	$4.4M 414.3K shares
H Harraden Circle Investments, LLC Hedge Fund•Event Driven	$4.2M 391.7K shares
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$3.2M 297.5K shares
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS Private Equity	$2.8M 264.9K shares
ExodusPoint Capital Management, LP Hedge Fund•Multi-Strategy	$2.7M 250.0K shares

Exited Positions

Institution	Previous Position
UBS OCONNOR LLC Long Only Manager	$4.0M 400.0K shares
V Virtu Financial LLC Institution	$104.8K 10.4K shares
W Warberg Asset Management LLC Hedge Fund•Multi-Strategy	$100.9K 10.0K shares

Options Activity

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

Call Positions: 1
Call Value: $535.5K
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
DLD Asset Management, LP Hedge Fund•Multi-Strategy	$535.5K 500.0 contracts

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
Frigate Ventures LP RIA/Wealth	Anthony Lawrence Moore CFO	2.85% $23.6M	7.33% 2.2M shares	Q3 2025 Held for 2 months	$827.1M
T TENOR CAPITAL MANAGEMENT Co., L.P. Hedge Fund•Multi-Strategy	Robin Rajendra Shah CIO	2.32% $18.7M	5.83% 1.8M shares	Q2 2025 Held for 5 months	$806.7M
PERISCOPE CAPITAL INC. Institution	Scott Allen Hayes President	1.18% $4.3M	1.33% 400.0K shares	Q2 2025 Held for 5 months	$363.3M
A ATW SPAC MANAGEMENT LLC Institution	-	1.13% $696.2K	0.22% 65.0K shares	Q3 2025 Held for 2 months	$61.6M
LINDEN ADVISORS LP Hedge Fund•Multi-Strategy	Siu Min (Joe) Wong CEO	1.10% $10.7M	3.33% 1.0M shares	Q2 2025 Held for 5 months	$971.4M
Radcliffe Capital Management, L.P. Hedge Fund•Multi-Strategy	Steve Brett Katznelson CIO	1.05% $4.7M	1.47% 442.2K shares	Q2 2025 Held for 5 months	$452.3M
Vivaldi Asset Management, LLC Fund of Funds	Michael Dillon Peck CEO	0.99% $15.0M	4.66% 1.4M shares	Q2 2025 Held for 5 months	$1.5B
HGC Investment Management Inc. Private Equity	Jason Frederick Young CFO	0.97% $2.1M	0.67% 200.0K shares	Q3 2025 Held for 2 months	$221.0M
H Harraden Circle Investments, LLC Hedge Fund•Event Driven	Frederick Vincent Fortmiller Jr Managing Partner	0.88% $4.2M	1.31% 391.7K shares	Q3 2025 Held for 2 months	$476.2M
Governors Lane LP Hedge Fund•Event Driven	Isaac Daniel Corre CIO	0.63% $4.5M	1.40% 419.8K shares	Q2 2025 Held for 5 months	$712.0M