GRITSTONE ASSET MANAGEMENT LLC Q4 2025 Filing

Filed January 23, 2026

Portfolio Value

$104.8M

Holdings

148

Report Date

Q4 2025

Filing Type

13F-HR

All Holdings (148 positions)

#	Stock	Shares	Value	% Portfolio
1	ARCCARES CAPITAL CORP	446,855	$9.0M	8.62%
2	FTWEQV VENTURES ACQUISITION COR	402,722	$4.2M	4.03%
3	OACCOAKTREE ACQUISITION CORP III	394,908	$4.2M	3.99%
4	ALDFALDEL FINL II INC	394,214	$4.1M	3.95%
5	BEAGBOLD EAGLE ACQUISITION CORP	344,488	$3.6M	3.48%
6	ALFCENTURION ACQUISITION CORP	290,988	$3.1M	2.96%
7	CUBLIONHEART HOLDINGS	291,012	$3.1M	2.95%
8	VCICVINE HILL CAP INVT CORP.	196,935	$2.1M	2.02%
9	BACQINFLECTION POINT ACQUISITION	196,794	$2.1M	2.01%
10	RACRITHM ACQUISITION CORP	197,598	$2.1M	1.96%
11	—HENNESSY CAP INVT CORP VII	197,899	$2.0M	1.95%
12	AACBARTIUS II ACQUISITION INC	197,656	$2.0M	1.94%
13	NWAX/UNEW AMER ACQUISITION I CORP	195,000	$2.0M	1.94%
14	CCIXCHURCHILL CAPITAL CORP IX	186,560	$2.0M	1.89%
15	GRAFGRAF GLOBAL CORP	174,665	$1.9M	1.79%
16	CHACRCRANE HBR ACQUISITION CORP	149,140	$1.6M	1.53%
17	LPBBLAUNCH TWO ACQUISITION CORP.	146,820	$1.5M	1.47%
18	KFIIK&F GROWTH ACQUISITION CORP	148,743	$1.5M	1.47%
19	—TALON CAP CORP	150,000	$1.5M	1.45%
20	BCARD. BORAL ARC ACQ I CORP.	150,000	$1.5M	1.44%
21	LFACLEAPFROG ACQUISITION CORP	150,000	$1.5M	1.43%
22	SVCCUSTELLAR V CAP CORP	133,770	$1.4M	1.32%
23	NHICNEWHOLD INVT CORP III	123,541	$1.3M	1.22%
24	HVMCHIGHVIEW MERGER CORP	127,021	$1.3M	1.21%
25	ALUBALUSSA ENERGY ACQUISITION CO	125,000	$1.3M	1.20%
26	SOCASOLARIUS CAPITAL ACQU CORP	125,000	$1.3M	1.20%
27	OBAOXLEY BRIDGE ACQ LTD	124,293	$1.3M	1.19%
28	BLRKBLUEROCK ACQUISITION CORP	125,000	$1.3M	1.19%
29	OTGAOTG ACQUISITION CORP. I	125,000	$1.3M	1.19%
30	LPCVLAUNCHPAD CADENZA ACQUISITIO	125,000	$1.2M	1.19%
31	—SILICON VY ACQUISITION CORP	125,000	$1.2M	1.19%
32	LATAGALATA ACQUISITION CORP II	106,256	$1.1M	1.01%
33	FACTFACT II ACQUISITION CORP	100,000	$1.0M	0.99%
34	ATIIARCHIMEDES TECH SPAC PARTNER	99,081	$1.0M	0.98%
35	KRSPRICE ACQUISITION CORP 3	100,000	$1.0M	0.98%
36	CGCTCARTESIAN GROWTH CORP III	98,853	$1.0M	0.97%
37	—SPRING VY ACQUISITION CORP I	100,000	$1.0M	0.97%
38	GSHRGESHER ACQUISITION CORP. II	98,832	$1.0M	0.97%
39	TACHTITAN ACQUISITION CORP	98,764	$1.0M	0.97%
40	JENAJENA ACQUISITION CORP II	98,857	$1.0M	0.96%
41	SZZLSIZZLE ACQUISITION CORP. II	98,992	$1.0M	0.96%
42	DSACUDAEDALUS SPL ACQUISITION COR	100,000	$1.0M	0.96%
43	TACOBERTO ACQUISITION CORP	98,853	$1.0M	0.96%
44	BLZRTRAILBLAZER ACQUISITION CORP	100,000	$1.0M	0.96%
45	RDAGREPUBLIC DIGITAL ACQUISITION	98,850	$1.0M	0.95%
46	AEAQACTIVATE ENERGY ACQUISITION	100,000	$999K	0.95%
47	WENNWEN ACQUISITION CORP	98,857	$998K	0.95%
48	FTWEQV VENTURES AC CORP. II	98,865	$991K	0.95%
49	—PERCEPTIVE CAP SOLUTIONS COR	72,747	$947K	0.90%
50	LOBLIVE OAK ACQUISITION CORP V	86,636	$892K	0.85%
51	TDACWTRANSLATIONAL DEV ACQUISITIO	83,651	$877K	0.84%
52	SACSAFEGUARD ACQUISITION CORP	75,000	$756K	0.72%
53	CRANUCRANE HBR ACQUISITION CORP I	75,000	$755K	0.72%
54	—GENERAL PURP ACQUISITION COR	75,000	$750K	0.72%
55	VACIVIKING ACQUISITION CORP I	75,000	$742K	0.71%
56	PACHPIONEER ACQUISITION I CORP	69,324	$696K	0.66%
57	LPAALAUNCH ONE ACQUISITION CORP	62,831	$665K	0.63%
58	AEXAAMERICAN EXCEPTIONALISM ACQU	50,000	$569K	0.54%
59	ONCH1RT ACQUISITION CORP.	49,433	$504K	0.48%
60	SBXESILVERBOX CORP V	50,000	$503K	0.48%
61	DNMXDYNAMIX CORP III	50,000	$502K	0.48%
62	HCMAHCM III ACQUISITION CORP	50,000	$502K	0.48%
63	IGACINVEST GREEN ACQUISITION COR	50,000	$501K	0.48%
64	CRAQCAL REDWOOD ACQUISITION CORP	49,429	$501K	0.48%
65	EGHAEGH ACQUISITION CORP.	49,424	$500K	0.48%
66	OYSEOYSTER ENTERPRISES II ACQUIS	49,429	$499K	0.48%
67	PAIIPYROPHYTE ACQUISITION CORP.	49,598	$498K	0.48%
68	—APEX TREAS CORP	50,000	$494K	0.47%
69	GIWGIGCAPITAL8 CORP	50,000	$494K	0.47%
70	EVOXEVOLUTION GLOBAL ACQUISITION	50,000	$493K	0.47%
71	TDWDTAILWIND 2.0 ACQUISITION COR	50,000	$492K	0.47%
72	KBONUKARBON CAP PARTNERS CORP	40,000	$402K	0.38%
73	BIXIBITCOIN INFRASTRUCTURE ACQUI	35,000	$348K	0.33%
74	HCACHALL CHADWICK ACQUISITION CO	25,000	$250K	0.24%
75	VCICVINE HILL CAP INVT CORP.	98,468	$177K	0.17%
76	HYACHAYMAKER ACQUISITION CORP IV	103,843	$160K	0.15%
77	—AGRICULTURE & NAT SOL ACQ CO	484,858	$155K	0.15%
78	BACQINFLECTION POINT ACQUISITION	196,793	$144K	0.14%
79	CCIXCHURCHILL CAPITAL CORP IX	157,608	$139K	0.13%
80	BEAGBOLD EAGLE ACQUISITION CORP	393,893	$126K	0.12%
81	VCICVINE HILL CAP INVTS CORP II	12,500	$125K	0.12%
82	—CRANE HBR ACQUISITION CORP	149,139	$119K	0.11%
83	—ALDEL FINL II INC	197,106	$108K	0.10%
84	LEGTLEGATO MERGER CORP III	231,590	$94K	0.09%
85	LOBLIVE OAK ACQUISITION CORP V	74,175	$73K	0.07%
86	AACBARTIUS II ACQUISITION INC	197,655	$65K	0.06%
87	EVACEQV VENTURES ACQUISITION COR	134,243	$64K	0.06%
88	GPATGP-ACT III ACQUISITION CORP	217,248	$58K	0.06%
89	OACCOAKTREE ACQUISITION CORP III	78,981	$56K	0.05%
90	—HENNESSY CAP INVT CORP VII	197,900	$55K	0.05%
91	ALFCENTURION ACQUISITION CORP	145,495	$46K	0.04%
92	RACRITHM ACQUISITION CORP	65,866	$45K	0.04%
93	FSHPFLAG SHIP ACQUISITION CORP	182,371	$39K	0.04%
94	GRAFGRAF GLOBAL CORP	87,337	$39K	0.04%
95	CGCTCARTESIAN GROWTH CORP III	49,426	$39K	0.04%
96	POLEANDRETTI ACQUISITION CORP II	119,398	$34K	0.03%
97	—RANGE CAP ACQUISITION CORP	73,901	$33K	0.03%
98	—INFLECTION PT ACQUISITION CO	88,967	$33K	0.03%
99	—TALON CAP CORP	50,000	$29K	0.03%
100	RDAGREPUBLIC DIGITAL ACQUISITION	49,425	$28K	0.03%

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