HGC INVESTMENT MANAGEMENT INC.

Filed: 8/14/2025ACC: 0001711200-25-000003

📋 What this filing means

HGC INVESTMENT MANAGEMENT INC. filed this quarterly 13F‑HR report disclosing 102 equity positions with a total reported market value of $359.93M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

102

Positions

$359.93M

Total AUM (reported)

37.41M

Total Shares

Allocation by class

UNIT 99/99/9999$100.31M27.9%

SHS CL A$33.77M9.4%

CL A$25.92M7.2%

COM$19.40M5.4%

ORD SHS CL A$17.77M4.9%

COM SHS CL A$16.22M4.5%

UNIT 11/27/2029$15.49M4.3%

Portfolio Concentration

Top 3$52.40M14.6%

4–10$88.51M24.6%

11–25$111.83M31.1%

Rest$107.19M29.8%

Top 3 weight

14.6%

Top 10 weight

39.1%

Voting Authority Distribution

Total shares with voting rights: 37.41M

Sole

Full voting authority

37.41M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole102

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings102

Rows:

CENTURION ACQUISITION CORP

SOLE

SHS CL A

Shares1.75M

TypeSH

Market value$18.41M

5.11%

Sole

1.75M

Shared

0.00

None

0.00

AA MISSION ACQUISITION COR-A

SOLE

ORD SHS CL A

Shares1.71M

TypeSH

Market value$17.77M

4.94%

Sole

1.71M

Shared

0.00

None

0.00

JACKSON ACQUISITION CO-CL A

SOLE

COM SHS CL A

Shares1.58M

TypeSH

Market value$16.22M

4.51%

Sole

1.58M

Shared

0.00

None

0.00

ARTIUS II ACQUISITION INC

SOLE

UNIT 11/27/2029

Shares1.50M

TypeSH

Market value$15.49M

4.31%

Sole

1.50M

Shared

0.00

None

0.00

GP-ACT III ACQUISITION-A

SOLE

CL A

Shares1.38M

TypeSH

Market value$14.51M

4.03%

Sole

1.38M

Shared

0.00

None

0.00

SOULPOWER ACQUISITION CORP

SOLE

UNIT 99/99/9999

Shares1.30M

TypeSH

Market value$13.27M

3.69%

Sole

1.30M

Shared

0.00

None

0.00

SIDDHI ACQUISITION CORP

SOLE

UNIT 99/99/9999

Shares1.25M

TypeSH

Market value$12.89M

3.58%

Sole

1.25M

Shared

0.00

None

0.00

FIFTH ERA ACQUISITION CORP I

SOLE

UNIT 99/99/9999

Shares1.15M

TypeSH

Market value$11.97M

3.33%

Sole

1.15M

Shared

0.00

None

0.00

SKECHERS USA INC-CL A

SOLE

CL A

Shares162.96K

TypeSH

Market value$10.28M

2.86%

Sole

162.96K

Shared

0.00

None

0.00

REPUBLIC DIGITAL ACQUISITION

SOLE

UNIT 99/99/9999

Shares943.93K

TypeSH

Market value$10.10M

2.81%

Sole

943.93K

Shared

0.00

None

0.00

INFLECTION POINT ACQUISITION

SOLE

UNIT 03/01/2027

Shares950K

TypeSH

Market value$9.98M

2.77%

Sole

950K

Shared

0.00

None

0.00

OXLEY BRIDGE ACQUISITION LTD

SOLE

UNIT 06/17/2030

Shares950K

TypeSH

Market value$9.51M

2.64%

Sole

950K

Shared

0.00

None

0.00

ISHARES BITCOIN TRUST

SOLE

SHS BEN INT

Shares141.94K

TypeSH

Market value$8.69M

2.41%

Sole

141.94K

Shared

0.00

None

0.00

CARTESIAN GROWTH CORP III

SOLE

UNIT 02/28/2032

Shares800K

TypeSH

Market value$8.10M

2.25%

Sole

800K

Shared

0.00

None

0.00

CANTOR EQUITY PARTNERS III-A

SOLE

SHS CL A

Shares750K

TypeSH

Market value$7.91M

2.20%

Sole

750K

Shared

0.00

None

0.00

K&F GROWTH ACQUISITION CORP

SOLE

UNIT 99/99/9999

Shares750K

TypeSH

Market value$7.75M

2.15%

Sole

750K

Shared

0.00

None

0.00

TITAN ACQUISITION CORP

SOLE

UNIT 04/09/2030

Shares759.13K

TypeSH

Market value$7.73M

2.15%

Sole

759.13K

Shared

0.00

None

0.00

PIONEER ACQUISITION I CORP

SOLE

UNIT 06/16/2030

Shares743.08K

TypeSH

Market value$7.43M

2.07%

Sole

743.08K

Shared

0.00

None

0.00

JENA ACQUISITION CORP II

SOLE

UNIT 99/99/9999

Shares700K

TypeSH

Market value$7.20M

2.00%

Sole

700K

Shared

0.00

None

0.00

MOUNTAIN LAKE ACQUISITION-A

SOLE

SHS CL A

Shares700K

TypeSH

Market value$7.18M

2.00%

Sole

700K

Shared

0.00

None

0.00

SIZZLE ACQUISITION CORP II

SOLE

UNIT 99/99/9999

Shares650.54K

TypeSH

Market value$6.69M

1.86%

Sole

650.54K

Shared

0.00

None

0.00

Hess Corporation.

SOLE

COM

Shares45.30K

TypeSH

Market value$6.28M

1.74%

Sole

45.30K

Shared

0.00

None

0.00

GORES HOLDINGS X INC

SOLE

UNIT 05/02/2030

Shares600K

TypeSH

Market value$6.23M

1.73%

Sole

600K

Shared

0.00

None

0.00

WEN ACQUISITION CORP

SOLE

UNIT 05/16/2030

Shares550K

TypeSH

Market value$5.81M

1.62%

Sole

550K

Shared

0.00

None

0.00

THAYER VENTURES ACQUISITION

SOLE

UNIT 05/15/2030

Shares525K

TypeSH

Market value$5.33M

1.48%

Sole

525K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
CENTURION ACQUISITION CORPSOLE	SHS CL A	1.75M	SH	$18.41M 5.11%	1.75M
AA MISSION ACQUISITION COR-ASOLE	ORD SHS CL A	1.71M	SH	$17.77M 4.94%	1.71M
JACKSON ACQUISITION CO-CL ASOLE	COM SHS CL A	1.58M	SH	$16.22M 4.51%	1.58M
ARTIUS II ACQUISITION INCSOLE	UNIT 11/27/2029	1.50M	SH	$15.49M 4.31%	1.50M
GP-ACT III ACQUISITION-ASOLE	CL A	1.38M	SH	$14.51M 4.03%	1.38M
SOULPOWER ACQUISITION CORPSOLE	UNIT 99/99/9999	1.30M	SH	$13.27M 3.69%	1.30M
SIDDHI ACQUISITION CORPSOLE	UNIT 99/99/9999	1.25M	SH	$12.89M 3.58%	1.25M
FIFTH ERA ACQUISITION CORP ISOLE	UNIT 99/99/9999	1.15M	SH	$11.97M 3.33%	1.15M
SKECHERS USA INC-CL ASOLE	CL A	162.96K	SH	$10.28M 2.86%	162.96K
REPUBLIC DIGITAL ACQUISITIONSOLE	UNIT 99/99/9999	943.93K	SH	$10.10M 2.81%	943.93K
INFLECTION POINT ACQUISITIONSOLE	UNIT 03/01/2027	950K	SH	$9.98M 2.77%	950K
OXLEY BRIDGE ACQUISITION LTDSOLE	UNIT 06/17/2030	950K	SH	$9.51M 2.64%	950K
ISHARES BITCOIN TRUSTSOLE	SHS BEN INT	141.94K	SH	$8.69M 2.41%	141.94K
CARTESIAN GROWTH CORP IIISOLE	UNIT 02/28/2032	800K	SH	$8.10M 2.25%	800K
CANTOR EQUITY PARTNERS III-ASOLE	SHS CL A	750K	SH	$7.91M 2.20%	750K
K&F GROWTH ACQUISITION CORPSOLE	UNIT 99/99/9999	750K	SH	$7.75M 2.15%	750K
TITAN ACQUISITION CORPSOLE	UNIT 04/09/2030	759.13K	SH	$7.73M 2.15%	759.13K
PIONEER ACQUISITION I CORPSOLE	UNIT 06/16/2030	743.08K	SH	$7.43M 2.07%	743.08K
JENA ACQUISITION CORP IISOLE	UNIT 99/99/9999	700K	SH	$7.20M 2.00%	700K
MOUNTAIN LAKE ACQUISITION-ASOLE	SHS CL A	700K	SH	$7.18M 2.00%	700K
SIZZLE ACQUISITION CORP IISOLE	UNIT 99/99/9999	650.54K	SH	$6.69M 1.86%	650.54K
Hess Corporation.SOLE	COM	45.30K	SH	$6.28M 1.74%	45.30K
GORES HOLDINGS X INCSOLE	UNIT 05/02/2030	600K	SH	$6.23M 1.73%	600K
WEN ACQUISITION CORPSOLE	UNIT 05/16/2030	550K	SH	$5.81M 1.62%	550K
THAYER VENTURES ACQUISITIONSOLE	UNIT 05/15/2030	525K	SH	$5.33M 1.48%	525K

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