HGC INVESTMENT MANAGEMENT INC.

Filed: 5/15/2026ACC: 0001711200-26-000002

📋 What this filing means

HGC INVESTMENT MANAGEMENT INC. filed this quarterly 13F‑HR report disclosing 170 equity positions with a total reported market value of $451.40M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

170

Positions

$451.40M

Total AUM (reported)

60.52M

Total Shares

Allocation by class

UNIT 99/99/9999$53.91M11.9%

USD CL A ORD SHS$41.29M9.1%

SHS CL A$32.04M7.1%

UNIT 12/23/2030$24.38M5.4%

CL A SHS$24.06M5.3%

ORD SHS CL A$19.79M4.4%

UNIT 06/17/2030$14.87M3.3%

Portfolio Concentration

Top 3$42.80M9.5%

4–10$75.43M16.7%

11–25$106.18M23.5%

Rest$227.00M50.3%

Top 3 weight

9.5%

Top 10 weight

26.2%

Voting Authority Distribution

Total shares with voting rights: 60.52M

Sole

Full voting authority

60.52M

% 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)

Sole170

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings170

Rows:

ARTIUS II ACQUISITION INC-A

SOLE

SHS CL A

Shares1.50M

TypeSH

Market value$15.51M

3.44%

Sole

1.50M

Shared

0.00

None

0.00

ALDABRA 4 LIQUIDITY OPPORTUN

SOLE

UNIT 12/23/2030

Shares1.44M

TypeSH

Market value$14.37M

3.18%

Sole

1.44M

Shared

0.00

None

0.00

SIDDHI ACQUISITION CORP-A

SOLE

CL A SHS

Shares1.25M

TypeSH

Market value$12.93M

2.86%

Sole

1.25M

Shared

0.00

None

0.00

DRUGS MADE IN AMERICA ACQUIS

SOLE

USD ORD SHS

Shares1.23M

TypeSH

Market value$12.27M

2.72%

Sole

1.23M

Shared

0.00

None

0.00

FIFTH ERA ACQUISITION CORP I

SOLE

UNIT 99/99/9999

Shares1.15M

TypeSH

Market value$12.13M

2.69%

Sole

1.15M

Shared

0.00

None

0.00

QDRO ACQUISITION CORP

SOLE

UNIT 01/28/2031

Shares1.20M

TypeSH

Market value$11.89M

2.63%

Sole

1.20M

Shared

0.00

None

0.00

KRAKACQUISITION CORP

SOLE

UNIT 12/23/2030

Shares1M

TypeSH

Market value$10.01M

2.22%

Sole

Shared

0.00

None

0.00

SOULPOWER ACQUISITION CO-A

SOLE

USD CL A ORD SHS

Shares953.15K

TypeSH

Market value$9.77M

2.16%

Sole

953.15K

Shared

0.00

None

0.00

OXLEY BRIDGE ACQUISITION LTD

SOLE

UNIT 06/17/2030

Shares950K

TypeSH

Market value$9.74M

2.16%

Sole

950K

Shared

0.00

None

0.00

INFLECTION POINT ACQUISITION

SOLE

UNIT 03/03/2031

Shares950K

TypeSH

Market value$9.61M

2.13%

Sole

950K

Shared

0.00

None

0.00

ELECTRONIC ARTS INC

SOLE

COM

Shares42.82K

TypeSH

Market value$8.73M

1.93%

Sole

42.82K

Shared

0.00

None

0.00

PYROPHYTE ACQUISITION CORP-A

SOLE

CL A SHS

Shares850K

TypeSH

Market value$8.63M

1.91%

Sole

850K

Shared

0.00

None

0.00

IDEA ACQUISITION CORP

SOLE

UNIT 01/06/2031

Shares800K

TypeSH

Market value$7.93M

1.76%

Sole

800K

Shared

0.00

None

0.00

AMERICAN DRIVE ACQUISIT-CL A

SOLE

USD CL A ORD SHS

Shares786.41K

TypeSH

Market value$7.79M

1.72%

Sole

786.41K

Shared

0.00

None

0.00

PIONEER ACQUISITION I CORP

SOLE

UNIT 06/16/2030

Shares743.08K

TypeSH

Market value$7.65M

1.70%

Sole

743.08K

Shared

0.00

None

0.00

TRG LATIN AMERICA ACQUISITIO

SOLE

UNIT 02/20/2031

Shares765K

TypeSH

Market value$7.61M

1.69%

Sole

765K

Shared

0.00

None

0.00

LAUNCHPAD CADENZA ACQUISITIO

SOLE

UNIT 12/15/2030

Shares725K

TypeSH

Market value$7.25M

1.61%

Sole

725K

Shared

0.00

None

0.00

EQV VENTURES ACQUISITION COR

SOLE

UNIT 06/30/2032

Shares697.17K

TypeSH

Market value$7.08M

1.57%

Sole

697.17K

Shared

0.00

None

0.00

SIZZLE ACQUISITION CORP-CL A

SOLE

USD CL A ORD SHS

Shares650.54K

TypeSH

Market value$6.69M

1.48%

Sole

650.54K

Shared

0.00

None

0.00

REPUBLIC DIGITAL ACQUIS-CL A

SOLE

USD CL A ORD SHS

Shares646.67K

TypeSH

Market value$6.62M

1.47%

Sole

646.67K

Shared

0.00

None

0.00

M3-BRIGADE ACQUISITION VI CO

SOLE

UNIT 08/18/2030

Shares625K

TypeSH

Market value$6.34M

1.41%

Sole

625K

Shared

0.00

None

0.00

SILVERBOX CORP V

SOLE

UNIT 99/99/9999

Shares899.99K

TypeSH

Market value$6.10M

1.35%

Sole

899.99K

Shared

0.00

None

0.00

HCM III ACQUISITION COR-CL A

SOLE

ORD SHS CL A

Shares600K

TypeSH

Market value$6.05M

1.34%

Sole

600K

Shared

0.00

None

0.00

CANTOR EQUITY PARTNERS-CL A

SOLE

SHS CL A S

Shares583.15K

TypeSH

Market value$5.89M

1.30%

Sole

583.15K

Shared

0.00

None

0.00

TITAN ACQUISITION CORP

SOLE

UNIT 04/09/2030

Shares559.13K

TypeSH

Market value$5.82M

1.29%

Sole

559.13K

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
ARTIUS II ACQUISITION INC-ASOLE	SHS CL A	1.50M	SH	$15.51M 3.44%	1.50M
ALDABRA 4 LIQUIDITY OPPORTUNSOLE	UNIT 12/23/2030	1.44M	SH	$14.37M 3.18%	1.44M
SIDDHI ACQUISITION CORP-ASOLE	CL A SHS	1.25M	SH	$12.93M 2.86%	1.25M
DRUGS MADE IN AMERICA ACQUISSOLE	USD ORD SHS	1.23M	SH	$12.27M 2.72%	1.23M
FIFTH ERA ACQUISITION CORP ISOLE	UNIT 99/99/9999	1.15M	SH	$12.13M 2.69%	1.15M
QDRO ACQUISITION CORPSOLE	UNIT 01/28/2031	1.20M	SH	$11.89M 2.63%	1.20M
KRAKACQUISITION CORPSOLE	UNIT 12/23/2030	1M	SH	$10.01M 2.22%	1M
SOULPOWER ACQUISITION CO-ASOLE	USD CL A ORD SHS	953.15K	SH	$9.77M 2.16%	953.15K
OXLEY BRIDGE ACQUISITION LTDSOLE	UNIT 06/17/2030	950K	SH	$9.74M 2.16%	950K
INFLECTION POINT ACQUISITIONSOLE	UNIT 03/03/2031	950K	SH	$9.61M 2.13%	950K
ELECTRONIC ARTS INCSOLE	COM	42.82K	SH	$8.73M 1.93%	42.82K
PYROPHYTE ACQUISITION CORP-ASOLE	CL A SHS	850K	SH	$8.63M 1.91%	850K
IDEA ACQUISITION CORPSOLE	UNIT 01/06/2031	800K	SH	$7.93M 1.76%	800K
AMERICAN DRIVE ACQUISIT-CL ASOLE	USD CL A ORD SHS	786.41K	SH	$7.79M 1.72%	786.41K
PIONEER ACQUISITION I CORPSOLE	UNIT 06/16/2030	743.08K	SH	$7.65M 1.70%	743.08K
TRG LATIN AMERICA ACQUISITIOSOLE	UNIT 02/20/2031	765K	SH	$7.61M 1.69%	765K
LAUNCHPAD CADENZA ACQUISITIOSOLE	UNIT 12/15/2030	725K	SH	$7.25M 1.61%	725K
EQV VENTURES ACQUISITION CORSOLE	UNIT 06/30/2032	697.17K	SH	$7.08M 1.57%	697.17K
SIZZLE ACQUISITION CORP-CL ASOLE	USD CL A ORD SHS	650.54K	SH	$6.69M 1.48%	650.54K
REPUBLIC DIGITAL ACQUIS-CL ASOLE	USD CL A ORD SHS	646.67K	SH	$6.62M 1.47%	646.67K
M3-BRIGADE ACQUISITION VI COSOLE	UNIT 08/18/2030	625K	SH	$6.34M 1.41%	625K
SILVERBOX CORP VSOLE	UNIT 99/99/9999	899.99K	SH	$6.10M 1.35%	899.99K
HCM III ACQUISITION COR-CL ASOLE	ORD SHS CL A	600K	SH	$6.05M 1.34%	600K
CANTOR EQUITY PARTNERS-CL ASOLE	SHS CL A S	583.15K	SH	$5.89M 1.30%	583.15K
TITAN ACQUISITION CORPSOLE	UNIT 04/09/2030	559.13K	SH	$5.82M 1.29%	559.13K

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