Ranked by reported Q1 2026 13F market value
Share of total reported institutional value in NPAC held by the largest 10 / 25 filers.
| # | Institution | Shares Held | Market Value | QoQ Change | Ownership % | % of Fund |
|---|---|---|---|---|---|---|
| 1 | MMCAP International Inc. SPC | 2.2M | $22.6M | 0.0% | 7.123% | 1.95% |
| 2 | Magnetar Financial LLC | 1.7M | $17.9M | 0.0% | 5.666% | 0.18% |
| 3 | CNH PARTNERS LLC | 1.6M | $16.6M | +0.4% | 5.245% | 0.27% |
| 4 | TENOR CAPITAL MANAGEMENT Co., L.P. | 1.5M | $15.4M | 0.0% | 4.856% | 0.24% |
| 5 | Alberta Investment Management Corp | 1.3M | $12.8M | 0.0% | 4.047% | 0.08% |
| 6 | ARISTEIA CAPITAL LLC | 1.2M | $12.3M | 0.0% | 3.885% | 0.27% |
| 7 | LMR Partners LLP | 1.2M | $12.3M | 0.0% | 3.885% | 0.09% |
| 8 | LINDEN ADVISORS LP | 1.2M | $12.3M | 0.0% | 3.885% | 0.07% |
| 9 | Westchester Capital Management, LLC | 1.1M | $11.6M | -11.7% | 3.655% | 0.55% |
| 10 | Ghisallo Capital Management LLC | 1.0M | $10.3M | 0.0% | 3.238% | 0.28% |
| 11 | PICTON MAHONEY ASSET MANAGEMENT | 1000K | $10.3M | 0.0% | 3.238% | 0.10% |
| 12 | Governors Lane LP | 875K | $9.0M | +2.9% | 2.832% | 0.88% |
| 13 | Hudson Bay Capital Management LP | 705K | $7.2M | +40.1% | 2.282% | 0.08% |
| 14 | HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | 690K | $7.1M | 0.0% | 2.234% | 0.01% |
| 15 | Radcliffe Capital Management, L.P. | 665K | $6.8M | 0.0% | 2.154% | 0.51% |
| 16 | BERKLEY W R CORP | 645K | $6.6M | +62.6% | 2.090% | 0.36% |
| 17 | Wealthspring Capital LLC | 594K | $6.1M | -15.7% | 1.922% | 1.45% |
| 18 | GOLDMAN SACHS GROUP INC | 512K | $5.3M | 0.0% | 1.659% | 0.00% |
| 19 | WHITEBOX ADVISORS LLC | 500K | $5.1M | 0.0% | 1.619% | 0.07% |
| 20 | MILLENNIUM MANAGEMENT LLC | 493K | $5.1M | +8.3% | 1.597% | 0.00% |
| 21 | HGC Investment Management Inc. | 450K | $4.6M | 0.0% | 1.457% | 1.02% |
| 22 | Schonfeld Strategic Advisors LLC | 374K | $3.8M | +19.5% | 1.211% | 0.03% |
| 23 | JPMORGAN CHASE & CO | 368K | $3.8M | +824.2% | 1.192% | 0.24% |
| 24 | HIGHBRIDGE CAPITAL MANAGEMENT LLC | 368K | $3.8M | — | 1.192% | 0.24% |
| 25 | SONA ASSET MANAGEMENT (US) LLC | 366K | $3.8M | — | 1.186% | 0.13% |
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 NPAC — a direct measure of their conviction.
Filings activity in NPAC during Q1 2026, grouped by how each filer changed its position.
Institutions that opened a new NPAC position in Q1 2026
Institutions that fully closed their NPAC position in Q1 2026
4 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 | 59 | +7.3% | 87.60% | +0.65 pp | $280M | +0.7% |
| Q4 2025 | 55 | +12% | 86.95% | +9.24 pp | $278M | +12% |
| Q3 2025 | 49 | +58% | 77.71% | +28.18 pp | $249M | +57% |
| Q2 2025 | 31 | — | 49.53% | — | $158M | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
Quick answers to the most common questions about buying NPAC stock.
Based on Q1 2026 13F filings, institutional ownership of New Providence Acquisition Corp. III stands at 87.6%, held across 59 reporting institutions.
MMCAP International Inc. SPC is the largest reported institutional holder of NPAC, with approximately 2,200,000 shares worth $0.02B as of Q1 2026.
Yes — 1 widely-followed marquee investor appear among the top 25 institutional holders of NPAC, including MILLENNIUM MANAGEMENT LLC.
Our composite Smart Money Score for NPAC is 58 out of 100 (Neutral). It combines net institutional buying activity, ownership shift, marquee investor presence, and holder-count growth.
12 institutions opened new positions in NPAC during Q1 2026, while 8 fully exited. 12 added to existing positions and 13 trimmed.
NPAC institutional ownership rose by 0.65 percentage points quarter-over-quarter, with a net change of +4 holders.
The top 10 institutions account for 51.4% of all reported 13F value in NPAC, and the top 25 account for 82.9%.
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.