50% buyers of institutions opening or closing positions this quarter
new buyers and exits are balanced, ownership rose 2.26 percentage points vs the prior quarter, and no widely-followed fund managers in the top 25.
50% buyers of institutions opening or closing positions this quarter
63.7% institutional ownership
HEIGHTS CAPITAL MANAGEMENT, portfolio allocation
Institutional ownership vs Shell Companies peers
No Form 4 insider transactions on file
Latest positioning in FGMC across 13F flow, ownership shift, marquee holders, and holder-count growth.
Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in FGMC held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | HEIGHTS CAPITAL MANAGEMENT, INC | 790K | $8.0M | 0.0% | 7.673% | 2.22% |
| 2 | CNH PARTNERS LLC | 758K | $7.7M | -3.3% | 7.364% | 0.13% |
| 3 | JPMORGAN CHASE & CO | 700K | $7.1M | — | 6.802% | 0.23% |
| 4 | HIGHBRIDGE CAPITAL MANAGEMENT LLC | 700K | $7.1M | +25.1% | 6.802% | 0.23% |
| 5 | RIVERNORTH CAPITAL MANAGEMENT, LLC | 643K | $6.5M | 0.0% | 6.245% | 0.32% |
| 6 | MANGROVE PARTNERS | 392K | $4.0M | 0.0% | 3.807% | 0.32% |
| 7 | Cable Car Capital, LP | 392K | $4.0M | 0.0% | 3.807% | 1.37% |
| 8 | TORONTO DOMINION BANK | 378K | $3.8M | +99.0% | 3.675% | 0.01% |
| 9 | CSS LLC/IL | 352K | $3.6M | 0.0% | 3.420% | 0.17% |
| 10 | Westchester Capital Management, LLC | 349K | $3.5M | 0.0% | 3.391% | 0.16% |
| 11 | BERKLEY W R CORP | 316K | $3.2M | 0.0% | 3.070% | 0.17% |
| 12 | D. E. Shaw & Co., Inc. | 250K | $2.5M | 0.0% | 2.428% | 0.00% |
| 13 | Quarry LP | 178K | $1.8M | 0.0% | 1.725% | 0.32% |
| 14 | PERISCOPE CAPITAL INC. | 175K | $1.8M | -24.2% | 1.700% | 0.20% |
| 15 | ARISTEIA CAPITAL LLC | 120K | $1.2M | 0.0% | 1.165% | 0.03% |
| 16 | DLD Asset Management, LP | 111K | $1.1M | 0.0% | 1.075% | 0.10% |
| 17 | Crossingbridge Advisors, LLC | 61K | $615K | 0.0% | 0.592% | 0.11% |
| 18 | Schonfeld Strategic Advisors LLC | 43K | $437K | -83.0% | 0.420% | 0.00% |
| 19 | RiverPark Advisors, LLC | 35K | $350K | 0.0% | 0.337% | 0.13% |
| 20 | BNP PARIBAS ARBITRAGE, SA | 22K | $220K | — | 0.212% | 0.00% |
| 21 | WOLVERINE ASSET MANAGEMENT LLC | 13K | $136K | -74.9% | 0.131% | 0.00% |
| 22 | Clear Street Group Inc. | 2K | $15K | -97.0% | 0.015% | 0.00% |
| 23 | MORGAN STANLEY | 1K | $13K | +65.7% | 0.013% | 0.00% |
| 24 | ROYAL BANK OF CANADA | 388 | $4K | 0.0% | 0.004% | 0.00% |
| 25 | GLAZER CAPITAL, LLC | 276K | $3K | +120.6% | 2.682% | 0.06% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in FGMC — a direct measure of their conviction.
Filings activity in FGMC during Q1 2026, grouped by how each filer changed its position.
5 quarters of 13F filings · Δ columns show change vs prior quarter
| Quarter | Inst. Holders | Δ Holders | Ownership % | Δ Ownership | Total 13F Value | Δ Value |
|---|---|---|---|---|---|---|
| Q1 2026 | 31 | +0.0% | 63.69% | +2.26 pp | $69M | +4.9% |
| Q4 2025 | 31 | +3.3% | 61.43% | 8.36 pp | $65M | 12% |
| Q3 2025 | 30 | 12% | 69.79% | +15.76 pp | $74M | +29% |
| Q2 2025 | 34 | +100% | 54.03% | +17.47 pp | $57M | +46% |
| Q1 2025 | 17 | — | 36.56% | — | $39M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
No recent Form 4 insider transactions on file for FGMC.
Quick answers to the most common questions about buying FGMC stock.
Based on Q1 2026 13F filings, institutional ownership of FG Merger Corp. stands at 63.7%, held across 31 reporting institutions.
HEIGHTS CAPITAL MANAGEMENT, INC is the largest reported institutional holder of FGMC, with approximately 790,000 shares worth $0.01B as of Q1 2026.
No marquee "smart money" managers (Berkshire, Burry, ARK, Tiger Global, Pershing Square, Baupost, etc.) currently appear among the top 25 institutional holders of FGMC.
Our composite Smart Money Score for FGMC is 47 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
3 institutions opened new positions in FGMC during Q1 2026, while 3 fully exited. 21 added to existing positions and 6 trimmed.
FGMC institutional ownership rose by 2.26 percentage points quarter-over-quarter, with a net change of +0 holders.
The top 10 institutions account for 80.4% of all reported 13F value in FGMC, and the top 25 account for 100.0%.
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.