HGC Investment Management Inc. Q3 2025 Filing

Filed November 14, 2025

Portfolio Value

$410.5B

Holdings

124

Report Date

Q3 2025

Filing Type

13F-HR

All Holdings (124 positions)

#	Stock	Shares	Value	% Portfolio
1	JACSJACKSON ACQUISITION CO-CL A	1,575,200	$16.4B	3.98%
2	ALFCENTURION ACQUISITION CORP	1,450,000	$15.3B	3.73%
3	AACBARTIUS II ACQUISITION INC-A	1,500,000	$15.3B	3.72%
4	GPATGP-ACT III ACQUISITION-A	1,375,000	$14.6B	3.55%
5	SOULSOULPOWER ACQUISITION CO-A	1,303,161	$13.2B	3.20%
6	CEPFCANTOR EQUITY PARTNERS-CL A	1,250,000	$12.7B	3.10%
7	SDHISIDDHI ACQUISITION CORP-A	1,250,000	$12.7B	3.09%
8	YCYAA MISSION ACQUISITION COR-A	1,205,000	$12.7B	3.09%
9	FERAFIFTH ERA ACQUISITION CORP I	1,150,760	$12.1B	2.94%
10	DMIIDRUGS MADE IN AMERICA ACQUIS	1,200,000	$11.9B	2.91%
11	OBAOXLEY BRIDGE ACQUISITION LTD	950,000	$9.5B	2.32%
12	PAIIPYROPHYTE ACQUISITION CORP I	850,000	$8.6B	2.10%
13	MBVIM3-BRIGADE ACQUISITION VI CO	850,000	$8.6B	2.10%
14	CGCTCARTESIAN GROWTH CORP III	800,000	$8.1B	1.98%
15	VRNAVERONA PHARMA PLC - ADR	73,890	$7.9B	1.92%
16	TACHTITAN ACQUISITION CORP	759,131	$7.8B	1.90%
17	KFIIK&F GROWTH ACQUISITION CORP	750,000	$7.8B	1.89%
18	AEXAAMERICAN EXCEPTIONALISM-CL A	700,000	$7.7B	1.86%
19	PACHPIONEER ACQUISITION I CORP	743,077	$7.5B	1.82%
20	FCRSFUTURECREST ACQUISITION CORP	700,000	$7.4B	1.81%
21	JENAJENA ACQUISITION CORP II	700,000	$7.3B	1.78%
22	MLACMOUNTAIN LAKE ACQUISITION-A	700,000	$7.2B	1.76%
23	HCMAHCM III ACQUISITION COR-CL A	700,000	$7.1B	1.72%
24	FTWEQV VENTURES ACQUISITION COR	697,174	$7.0B	1.70%
25	SZZLSIZZLE ACQUISITION CORP-CL A	650,539	$6.6B	1.60%
26	RDAGREPUBLIC DIGITAL ACQUIS-CL A	602,741	$6.2B	1.50%
27	BLZRTRAILBLAZER ACQUISITION CORP	550,000	$5.6B	1.37%
28	CYBRCYBER-ARK SOFTWARE LTD/ISRAE	11,637	$5.6B	1.37%
29	WENNWEN ACQUISITION CORP-A	550,000	$5.6B	1.36%
30	EAELECTRONIC ARTS INC	27,500	$5.5B	1.35%
31	TVAITHAYER VENTURES ACQUISITION	525,000	$5.4B	1.30%
32	GSRFGSR IV ACQUISITION CORP	525,000	$5.3B	1.30%
33	—FIGX CAPITAL ACQUISITION COR	500,000	$5.0B	1.23%
34	RDAGREPUBLIC DIGITAL ACQUISITION	443,934	$4.7B	1.14%
35	LOBLIVE OAK ACQUISITION CORP-A	450,000	$4.6B	1.12%
36	NPACNEW PROVIDENCE ACQUISITION-A	450,000	$4.6B	1.11%
37	LOBLIVE OAK ACQUISITION CORP V	402,960	$4.2B	1.02%
38	GTENGORES HOLDINGS X INC	400,000	$4.1B	1.01%
39	SPEGSILVER PEGASUS ACQUISITION C	400,000	$4.1B	0.99%
40	BCSSBAIN CAPITAL GSS INVESTMENT	400,000	$4.0B	0.98%
41	PMTRPERIMETER ACQUISITION CORP I	388,400	$4.0B	0.97%
42	APADA PARADISE ACQUISITION - A	400,000	$4.0B	0.96%
43	BCARD BORAL ARC ACQUISITION I CO	375,000	$3.8B	0.91%
44	AXINAXIOM INTELLIGENCE ACQUISITI	350,000	$3.5B	0.86%
45	COLACOLUMBUS ACQUISITION CORP	300,000	$3.1B	0.76%
46	LCCCLAKESHORE ACQUISITION III CO	300,000	$3.1B	0.75%
47	SSEASTARRY SEA ACQUISITION CORP	299,986	$3.0B	0.74%
48	QUMSQUANTUMSPHERE ACQUISITION CO	300,000	$3.0B	0.74%
49	SOCASOLARIUS CAPITAL ACQUISITION	300,000	$3.0B	0.74%
50	CEPFCANTOR EQUITY PARTNERS III-A	275,000	$2.8B	0.69%
51	IBITISHARES BITCOIN TRUST	42,936	$2.8B	0.68%
52	RIBBRIBBON ACQUISITION CORP	250,000	$2.6B	0.62%
53	EGHAEGH ACQUISITION CORP	250,000	$2.6B	0.62%
54	COPLCOPLEY ACQUISITION CORP	250,000	$2.5B	0.62%
55	BACCBLUE ACQUISITION CORP	250,000	$2.5B	0.61%
56	LWACLIGHTWAVE ACQUISITION CORP	245,500	$2.5B	0.60%
57	TVATEXAS VENTURES ACQUISITION-A	200,000	$2.1B	0.52%
58	RFAIRF ACQUISITION CORP II	200,000	$2.1B	0.52%
59	ONCH1RT ACQUISITION CORP	200,000	$2.1B	0.51%
60	NHICUNEWHOLD INVESTMENT CORP III	200,000	$2.1B	0.50%
61	HVMCHIGHVIEW MERGER CORP	200,000	$2.0B	0.49%
62	BDCIBTC DEVELOPMENT CORP	200,000	$2.0B	0.49%
63	MACIMELAR ACQUISITION CORP I-A	175,000	$1.8B	0.45%
64	GSHRGESHER ACQUISITION CORP II	150,000	$1.5B	0.38%
65	CRAQCAL REDWOOD ACQUISITION CORP	150,000	$1.5B	0.37%
66	GTERAGLOBA TERRA ACQUISITION CORP	150,000	$1.5B	0.37%
67	UYSCUY SCUTI ACQUISITION CORP	150,000	$1.5B	0.37%
68	INACINDIGO ACQUISITION CORP	150,000	$1.5B	0.37%
69	OTGAOTG ACQUISITION CORP I	125,000	$1.3B	0.31%
70	—M3-BRIGADE ACQUISITION V-A	100,600	$1.1B	0.26%
71	PLMKPLUM ACQUISITION CORP IV	100,000	$1.0B	0.25%
72	HCMAHCM III ACQUISITION CORP	100,000	$1.0B	0.25%
73	PGACPANTAGES CAPITAL ACQUISITION	100,000	$1.0B	0.25%
74	GTENGORES HOLDINGS X INC-CL A	100,000	$1.0B	0.25%
75	—CSLM DIGITAL ASSET ACQUISITI	100,000	$1.0B	0.25%
76	MKLYMCKINLEY ACQUISITION CORP	100,000	$999.0M	0.24%
77	—INFLECTION POINT ACQUISITION	915,000	$402.6M	0.10%
78	JACSJACKSON ACQUISITION CO II	1,475,700	$398.4M	0.10%
79	AACBARTIUS II ACQUISITION INC	1,500,000	$360.0M	0.09%
80	MCGAYORKVILLE ACQUISITION CORP-A	25,000	$266.5M	0.06%
81	SIMASIM ACQUISITION CORP I-A	25,000	$263.5M	0.06%
82	SDHISIDDHI ACQUISITION CORP	1,250,000	$262.5M	0.06%
83	SOULSOULPOWER ACQUISITION CORP	1,303,161	$247.6M	0.06%
84	BNCCEA Industries Inc Private Placement Founder Share	23,763	$185.4M	0.05%
85	HCMAHCMAW US 31 Jul 30 C11.5	233,333	$165.1M	0.04%
86	—ANSCW US 31 Dec 28 C11.5	503,500	$135.9M	0.03%
87	WENNWENNW US 15 May 31 C11.5	225,000	$126.0M	0.03%
88	TACOTACOW US 28 Apr 30 C11.5	175,000	$117.3M	0.03%
89	SZZLSIZZLE ACQUISITION CORP -RTS	650,539	$117.0M	0.03%
90	TVATVACW US 15 May 31 C11.5	100,000	$110.0M	0.03%
91	MLACMOUNTAIN LAKE ACQUISITION CO	700,000	$105.1M	0.03%
92	PGACSHEPHERD AVE CAPITAL ACQUISI	500,000	$100.0M	0.02%
93	NPACNPACW US 24 Apr 30 C11.5	150,000	$67.5M	0.02%
94	APADA PARADISE ACQUISITION COR	400,000	$64.0M	0.02%
95	BACQMAYWOOD ACQUISITION CORP	100,000	$60.0M	0.01%
96	RIBBRIBBON ACQUISITION CORP	250,000	$58.8M	0.01%
97	LOBLOKVW US 17 Apr 30 C11.5	100,000	$55.0M	0.01%
98	YHNAYHN ACQUISITION I LTD	344,188	$52.9M	0.01%
99	UYSCUY SCUTI ACQUISITION CORP	150,000	$40.5M	0.01%
100	GTENGTENW US 20 Jun 31 C11.5	50,000	$38.0M	0.01%

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