Question 1

What percentage of DMAA is owned by institutions?

Accepted Answer

Based on Q1 2026 13F filings, institutional ownership of Drugs Made In America Acquisition Corp. Ordinary Shares stands at 94.0%, held across 38 reporting institutions.

Question 2

Who is the largest institutional holder of DMAA?

Accepted Answer

Karpus Management, Inc. is the largest reported institutional holder of DMAA, with approximately 2,530,517 shares worth $0.03B as of Q1 2026.

Question 3

Is DMAA a hedge fund favorite?

Accepted Answer

No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of DMAA.

Question 4

What is DMAA's Smart Money Score?

Accepted Answer

Our composite Smart Money Score for DMAA is 47 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.

Question 5

How many institutions bought DMAA this quarter?

Accepted Answer

6 institutions opened new positions in DMAA during Q1 2026, while 6 fully exited. 27 added to existing positions and 5 trimmed.

Question 6

How is institutional ownership of DMAA changing?

Accepted Answer

DMAA institutional ownership rose by 17.57 percentage points quarter-over-quarter, with a net change of +0 holders.

Question 7

How concentrated is DMAA ownership among the top holders?

Accepted Answer

The top 10 institutions account for 72.2% of all reported 13F value in DMAA, and the top 25 account for 97.1%.

Question 8

Where does this DMAA institutional ownership data come from?

Accepted Answer

All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.

#	Institution	Shares Held	Market Value	QoQ Change	Ownership %	% of Fund
1	Karpus Management, Inc.	2.5M	$26.5M	—	11.002%	0.83%
2	Vivaldi Asset Management, LLC	2.2M	$23.5M	0.0%	9.750%	1.23%
3	MIZUHO SECURITIES USA LLC	2.0M	$20.9M	+39.5%	8.696%	0.49%
4	Westchester Capital Management, LLC	1.7M	$17.5M	0.0%	7.257%	0.83%
5	Polar Asset Management Partners Inc.	1.6M	$16.8M	0.0%	6.957%	0.37%
6	WOLVERINE ASSET MANAGEMENT LLC	1.6M	$16.3M	+18.8%	6.755%	0.27%
7	JPMORGAN CHASE & CO	1.3M	$13.9M	+2556.2%	5.754%	0.88%
8	HIGHBRIDGE CAPITAL MANAGEMENT LLC	1.3M	$13.9M	—	5.754%	0.88%
9	ARISTEIA CAPITAL LLC	882K	$9.2M	0.0%	3.833%	0.21%
10	D. E. Shaw & Co., Inc.	690K	$7.2M	0.0%	3.000%	0.01%
11	HEIGHTS CAPITAL MANAGEMENT, INC	650K	$6.8M	0.0%	2.826%	1.91%
12	Shaolin Capital Management LLC	550K	$5.8M	+172.2%	2.391%	0.23%
13	Radcliffe Capital Management, L.P.	547K	$5.7M	0.0%	2.377%	0.43%
14	LMR Partners LLP	500K	$5.2M	0.0%	2.174%	0.04%
15	RIVERNORTH CAPITAL MANAGEMENT, LLC	418K	$4.4M	0.0%	1.817%	0.22%
16	WHITEBOX ADVISORS LLC	400K	$4.2M	0.0%	1.739%	0.06%
17	METEORA CAPITAL, LLC	380K	$4.0M	—	1.654%	0.29%
18	CNH PARTNERS LLC	358K	$3.8M	-3.7%	1.555%	0.06%
19	Hudson Bay Capital Management LP	298K	$3.1M	-80.8%	1.295%	0.03%
20	Quarry LP	267K	$2.8M	0.0%	1.159%	0.54%
21	Governors Lane LP	250K	$2.6M	0.0%	1.087%	0.26%
22	Context Capital Management, LLC	250K	$2.6M	0.0%	1.087%	0.06%
23	TORONTO DOMINION BANK	204K	$2.1M	+1.9%	0.886%	0.00%
24	L1 Global Manager Pty Ltd	200K	$2.1M	0.0%	0.870%	1.69%
25	SONA ASSET MANAGEMENT (US) LLC	163K	$1.7M	—	0.708%	0.06%

Quarter	Inst. Holders	Δ Holders	Ownership %	Δ Ownership	Total 13F Value	Δ Value
Q1 2026	38	+0.0%	94.01%	+17.57 pp	$230M	+23%
Q4 2025	38	+2.7%	76.44%	7.31 pp	$187M	8.7%
Q3 2025	37	+12%	83.75%	+4.59 pp	$204M	+5.8%
Q2 2025	33	+38%	79.16%	+18.02 pp	$193M	+29%
Q1 2025	24	—	61.14%	—	$149M	—

Drugs Made In America Acquisition Corp. Ordinary Shares (DMAA) Institutional Ownership

AI Insights & Key Takeaways

Top Institutional Holders of DMAA

Quarterly Institutional Activity

DMAA Institutional Ownership by Quarter

DMAA — Frequently Asked Questions