Wealthspring Capital LLC Sells 11,560 Shares of Trailblazer Merger Co. I (NASDAQ:TBMC)

Wealthspring Capital LLC cut its position in Trailblazer Merger Co. I (NASDAQ:TBMC) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 180,570 shares of the company’s stock after selling 11,560 shares during the quarter. Trailblazer Merger Co. I accounts for about 2.3% of Wealthspring Capital LLC’s holdings, making the stock its 18th biggest holding. Wealthspring Capital LLC owned about 2.00% of Trailblazer Merger Co. I worth $1,910,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Condor Capital Management acquired a new stake in shares of Trailblazer Merger Co. I in the fourth quarter valued at about $119,000. TrueMark Investments LLC acquired a new stake in shares of Trailblazer Merger Co. I in the fourth quarter valued at about $230,000. Robinson Capital Management LLC increased its stake in shares of Trailblazer Merger Co. I by 16.5% in the fourth quarter. Robinson Capital Management LLC now owns 38,658 shares of the company’s stock valued at $404,000 after buying an additional 5,470 shares during the period. Karpus Management Inc. increased its stake in shares of Trailblazer Merger Co. I by 18.8% in the fourth quarter. Karpus Management Inc. now owns 132,750 shares of the company’s stock valued at $1,389,000 after buying an additional 21,000 shares during the period. Finally, Kim LLC increased its stake in shares of Trailblazer Merger Co. I by 18.2% in the fourth quarter. Kim LLC now owns 325,000 shares of the company’s stock valued at $3,400,000 after buying an additional 50,000 shares during the period. Institutional investors and hedge funds own 77.13% of the company’s stock.

Trailblazer Merger Co. I Price Performance

Shares of TBMC stock opened at $10.80 on Monday. The stock has a 50-day moving average of $10.78 and a 200-day moving average of $10.62. Trailblazer Merger Co. I has a 1-year low of $10.18 and a 1-year high of $11.60.

Trailblazer Merger Co. I Profile

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.