Crossingbridge Advisors LLC Sells 2,960 Shares of Trailblazer Merger Co. I (NASDAQ:TBMC)

Crossingbridge Advisors LLC reduced its stake in shares of Trailblazer Merger Co. I (NASDAQ:TBMC) by 1.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 242,540 shares of the company’s stock after selling 2,960 shares during the period. Trailblazer Merger Co. I makes up 2.0% of Crossingbridge Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Crossingbridge Advisors LLC’s holdings in Trailblazer Merger Co. I were worth $2,668,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Berkley W R Corp raised its position in Trailblazer Merger Co. I by 416.0% during the second quarter. Berkley W R Corp now owns 825,785 shares of the company’s stock valued at $8,910,000 after purchasing an additional 665,743 shares in the last quarter. Cowen AND Company LLC boosted its holdings in shares of Trailblazer Merger Co. I by 27.4% in the 2nd quarter. Cowen AND Company LLC now owns 471,724 shares of the company’s stock worth $5,097,000 after purchasing an additional 101,443 shares in the last quarter. Warberg Asset Management LLC increased its position in shares of Trailblazer Merger Co. I by 27.8% during the 2nd quarter. Warberg Asset Management LLC now owns 43,736 shares of the company’s stock valued at $473,000 after purchasing an additional 9,502 shares during the last quarter. Clear Street LLC raised its holdings in shares of Trailblazer Merger Co. I by 78,742.9% during the 2nd quarter. Clear Street LLC now owns 5,519 shares of the company’s stock valued at $60,000 after buying an additional 5,512 shares in the last quarter. Finally, Quarry LP bought a new stake in Trailblazer Merger Co. I in the 2nd quarter worth approximately $57,000. 77.13% of the stock is currently owned by hedge funds and other institutional investors.

Trailblazer Merger Co. I Price Performance

Shares of TBMC opened at $11.13 on Tuesday. Trailblazer Merger Co. I has a 1 year low of $10.39 and a 1 year high of $11.60. The stock has a 50 day simple moving average of $11.05 and a two-hundred day simple moving average of $10.91.

Insider Activity

In other news, major shareholder Aqr Capital Management Holding sold 50,000 shares of Trailblazer Merger Co. I stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $11.02, for a total value of $551,000.00. Following the transaction, the insider now owns 580 shares in the company, valued at approximately $6,391.60. The trade was a 98.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.50% of the stock is owned by corporate insiders.

About Trailblazer Merger Co. I

Trailblazer Merger Corporation I does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2021 and is based in New York, New York.