New Providence Acquisition Corp. III/Cayman(NPAC)Stock Analysis
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Pending next ranking run
This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.
Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.
NPAC Stock Analysis & AI Quality Score
AI stock analysis and institutional research for New Providence Acquisition Corp. III/Cayman (NPAC), a Financials sector company. NPAC is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), New Providence Acquisition Corp. III/Cayman reports net income of $1.4M, free cash flow of $-377.0K. Top institutional holders of NPAC by reported 13-F value include MMCAP International SPC, Magnetar Financial, AQR Arbitrage, based on the most recent SEC filings. NPAC trades on the Nasdaq exchange and files with the SEC under CIK 2048948. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate NPAC daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for New Providence Acquisition Corp. III/Cayman directly from SEC EDGAR.
Net Income
Q1 2026
$1.4M
Free Cash Flow
Q1 2026
$-377.0K
AI Insight: NPAC Financial Trends
SPAC shell with minimal operational activity and persistent negative equity; no revenue generation or meaningful cash flow.
• Net income ranged $1M–$3M across five quarters with no discernible pattern; Q1 2026 slipped to $1M.
• Equity deteriorated from $0M in Q1 2025 to −$13M by Q1 2026, signaling accumulated losses.
• Zero revenue and no operating cash flow across all periods; operating income consistently flat or negative.
⚠ Negative equity of −$13M indicates liabilities exceed assets; typical for inactive SPACs awaiting merger.
⚠ Operating margin deteriorated to −$1M in Q1 2026 (first negative op income reading); trajectory needs clarification.
AI Insight: NPAC Ratio Trends
ROA collapsed to 1.8% in Q1 2026, down sharply from 3.5% in Q4 2025, signaling severe profitability deterioration.
• ROA declined from 3.9% in Q3 2025 to 1.8% in Q1 2026, a 210 basis point drop in just two quarters.
• TTM ROA stands at 2.9%, pulled down by Q1 2026's weak 1.8%, indicating recent underperformance.
⚠ Q1 2026 represents the lowest ROA in the visible dataset; investigate whether this reflects seasonal weakness or structural issues.
⚠ All other profitability metrics (OpMargin, NPM, ROE, ROIC, leverage) are blank; limited visibility on drivers of ROA decline.
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Available Research
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Top Institutional Holders of NPAC
MMCAP International Inc. SPC
$22.6M2,200,000 shMagnetar Financial LLC
$17.9M1,749,990 shAQR Arbitrage LLC
$16.6M1,620,047 shTENOR CAPITAL MANAGEMENT Co., L.P.
$15.4M1,500,000 shAlberta Investment Management Corp
$12.8M1,250,000 shARISTEIA CAPITAL, L.L.C.
$12.3M1,200,000 shLINDEN ADVISORS LP
$12.3M1,200,000 shLMR Partners LLP
$12.3M1,200,000 shWestchester Capital Management, LLC
$11.6M1,128,999 shGhisallo Capital Management LLC
$10.3M1,000,000 sh
| Fund | Value | Shares |
|---|---|---|
| MMCAP International Inc. SPC | $22.6M | 2,200,000 |
| Magnetar Financial LLC | $17.9M | 1,749,990 |
| AQR Arbitrage LLC | $16.6M | 1,620,047 |
| TENOR CAPITAL MANAGEMENT Co., L.P. | $15.4M | 1,500,000 |
| Alberta Investment Management Corp | $12.8M | 1,250,000 |
| ARISTEIA CAPITAL, L.L.C. | $12.3M | 1,200,000 |
| LINDEN ADVISORS LP | $12.3M | 1,200,000 |
| LMR Partners LLP | $12.3M | 1,200,000 |
| Westchester Capital Management, LLC | $11.6M | 1,128,999 |
| Ghisallo Capital Management LLC | $10.3M | 1,000,000 |
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Popular Research
Is NPAC a good stock to buy?
13F Pro's AI-powered analysis of New Providence Acquisition Corp. III/Cayman (NPAC) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for NPAC are available on the NPAC stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own NPAC?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling NPAC. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of New Providence Acquisition Corp. III/Cayman's investment landscape.