Pyrophyte Acquisition Corp. II (PAII) — Institutional Holders, Q2 2026
62 institutional investment managers reported a PAII position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $214.2M. Every filer is listed below, ranked by position value. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.
PAII in Q2 2026: what funds did
Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.
Biggest buyers
- MIZUHO SECURITIES USAAdded · +928,369 sh+$6.6M
- Centiva CapitalNew · +50,000 sh+$357.3K
- WOLVERINE ASSET MANAGEMENTAdded · +23,466 sh+$167.7K
- Radcliffe Capital Management, L.P.Added · +21,500 sh+$153.6K
- Parallax Volatility Advisers, L.P.Added · +14,846 sh+$106.1K
Biggest sellers
- METEORA CAPITALTrimmed · -291,372 sh-$2.1M
- Verition Fund ManagementTrimmed · -150,010 sh-$1.1M
- Shaolin Capital ManagementTrimmed · -90,137 sh-$644.1K
- Clear Street GroupTrimmed · -53,701 sh-$383.8K
- Virtu FinancialSold out · -51,084 sh-$365.1K
PAII 13F holders ranked 1–62 of 62
| # | Institution | Shares | Value | % of portfolio | QoQShares vs Q1 2026 |
|---|---|---|---|---|---|
| 1 | MIZUHO SECURITIES USA#1 · 1,125,630 sh | 1,125,630 | $12.6M | 0.12% | +470.6% |
| 2 | LINDEN ADVISORS#2 · 1,625,584 sh | 1,625,584 | $12.0M | 0.06% | 0.0% |
| 3 | D. E. Shaw#3 · 1,242,036 sh | 1,242,036 | $10.2M | <0.01% | 0.0% |
| 4 | Hudson Bay Capital Management#4 · 996,245 sh | 996,245 | $9.5M | 0.03% | +1.5% |
| 5 | ARISTEIA CAPITAL, L.L.C.#5 · 1,275,000 sh | 1,275,000 | $8.9M | 0.12% | 0.0% |
| 6 | HGC Investment Management#6 · 1,275,000 sh | 1,275,000 | $8.9M | 1.75% | 0.0% |
| 7 | GLAZER CAPITAL#7 · 839,907 sh | 839,907 | $8.2M | 0.20% | -5.3% |
| 8 | MILLENNIUM MANAGEMENT#8 · 801,000 sh | 801,000 | $8.2M | <0.01% | 0.0% |
| 9 | Alberta Investment Management#9 · 1,125,000 sh | 1,125,000 | $7.8M | 0.04% | 0.0% |
| 10 | Schonfeld Strategic Advisors#10 · 893,211 sh | 893,211 | $7.4M | 0.03% | 0.0% |
| 11 | TENOR CAPITAL MANAGEMENT , L.P.#11 · 1,050,000 sh | 1,050,000 | $7.3M | 0.10% | 0.0% |
| 12 | TWO SIGMA INVESTMENTS#12 · 684,375 sh | 684,375 | $7.0M | <0.01% | 0.0% |
| 13 | METEORA CAPITAL#13 · 1,035,403 sh | 1,035,403 | $6.3M | 0.52% | -22.0% |
| 14 | Polar Asset Management Partners#14 · 931,200 sh | 931,200 | $5.8M | 0.10% | +0.7% |
| 15 | AQR Arbitrage#15 · 836,731 sh | 836,731 | $5.8M | 0.08% | +0.7% |
| 16 | PICTON MAHONEY ASSET MANAGEMENT#16 · 750,000 sh | 750,000 | $5.2M | 0.04% | 0.0% |
| 17 | MOORE CAPITAL MANAGEMENT#17 · 750,000 sh | 750,000 | $5.2M | 0.08% | 0.0% |
| 18 | Harraden Circle Investments#18 · 1,959,048 sh | 1,959,048 | $5.2M | 0.66% | -30.1% |
| 19 | Radcliffe Capital Management, L.P.#19 · 545,539 sh | 545,539 | $4.8M | 0.37% | +4.1% |
| 20 | Governors Lane#20 · 635,274 sh | 635,274 | $4.5M | 0.38% | 0.0% |
| 21 | TORONTO DOMINION BANK#21 · 618,455 sh | 618,455 | $4.3M | <0.01% | -2.8% |
| 22 | Magnetar Financial#22 · 563,745 sh | 563,745 | $3.9M | 0.04% | 0.0% |
| 23 | OMERS ADMINISTRATION#23 · 525,000 sh | 525,000 | $3.7M | 0.02% | 0.0% |
| 24 | Verition Fund Management#24 · 524,990 sh | 524,990 | $3.7M | <0.01% | -22.2% |
| 25 | PERISCOPE CAPITAL#25 · 434,600 sh | 434,600 | $3.6M | 0.32% | 0.0% |
| 26 | Shaolin Capital Management#26 · 639,126 sh | 639,126 | $3.5M | 0.17% | -12.4% |
| 27 | Parallax Volatility Advisers, L.P.#27 · 470,350 sh | 470,350 | $3.2M | <0.01% | +3.3% |
| 28 | WHITEBOX ADVISORS#28 · 450,000 sh | 450,000 | $3.1M | 0.04% | 0.0% |
| 29 | COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS#29 · 409,540 sh | 409,540 | $3.1M | 0.02% | 0.0% |
| 30 | HBK INVESTMENTS L P#30 · 375,000 sh | 375,000 | $2.6M | 0.03% | 0.0% |
| 31 | First Capital Management L.P.#31 · 250,000 sh | 250,000 | $2.5M | 0.15% | 0.0% |
| 32 | Mercuria Capital Strategies#32 · 250,000 sh | 250,000 | $2.5M | 1.56% | 0.0% |
| 33 | Westchester Capital Management#33 · 250,000 sh | 250,000 | $2.5M | 0.12% | 0.0% |
| 34 | BOUSSARD & GAVAUDAN GESTION SAS#34 · 365,000 sh | 365,000 | $2.5M | 0.13% | — |
| 35 | BlueCrest Capital Management Ltd#35 · 223,000 sh | 223,000 | $2.3M | 0.07% | 0.0% |
| 36 | BNP PARIBAS FINANCIAL MARKETS#36 · 297,300 sh | 297,300 | $2.1M | <0.01% | 0.0% |
| 37 | Wealthspring Capital#37 · 303,965 sh | 303,965 | $2.1M | 0.46% | 0.0% |
| 38 | Clear Street Group#38 · 323,504 sh | 323,504 | $1.8M | <0.01% | -14.2% |
| 39 | SONA ASSET MANAGEMENT (US)#39 · 151,757 sh | 151,757 | $1.5M | 0.03% | 0.0% |
| 40 | O'Connor Alternative Investments#40 · 150,000 sh | 150,000 | $1.5M | 0.11% | 0.0% |
| 41 | StoneX Group#41 · 227,418 sh | 227,418 | $1.5M | 0.06% | +955.3% |
| 42 | Lineage Point Capital#42 · 72,900 sh | 72,900 | $743.6K | 0.15% | 0.0% |
| 43 | BOOTHBAY FUND MANAGEMENT#43 · 60,070 sh | 60,070 | $612.7K | <0.01% | 0.0% |
| 44 | JPMORGAN CHASE#44 · 59,160 sh | 59,160 | $604.0K | 0.00% | 0.0% |
| 45 | READYSTATE ASSET MANAGEMENT#45 · 85,116 sh | 85,116 | $593.0K | <0.01% | 0.0% |
| 46 | GRITSTONE ASSET MANAGEMENT#46 · 74,397 sh | 74,397 | $518.3K | — | 0.0% |
| 47 | Karpus Management#47 · 50,000 sh | 50,000 | $510.0K | 0.01% | 0.0% |
| 48 | Centiva Capital#48 · 50,000 sh | 50,000 | $510.0K | <0.01% | New |
| 49 | WOLVERINE ASSET MANAGEMENT#49 · 29,367 sh | 29,367 | $299.5K | <0.01% | +397.7% |
| 50 | ABC ARBITRAGE SA#50 · 25,000 sh | 25,000 | $255.0K | — | 0.0% |
| 51 | HEALTHCARE OF ONTARIO PENSION PLAN FUND#51 · 450,000 sh | 450,000 | $225.0K | <0.01% | 0.0% |
| 52 | Yaupon Capital Management#52 · 31,062 sh | 31,062 | $216.4K | <0.01% | 0.0% |
| 53 | ROBINSON CAPITAL MANAGEMENT#53 · 12,000 sh | 12,000 | $122.4K | 0.05% | New |
| 54 | SUSQUEHANNA INTERNATIONAL GROUP, LLP#54 · 10,986 sh | 10,986 | $112.1K | 0.00% | -27.3% |
| 55 | DELTEC ASSET MANAGEMENT#55 · 10,000 sh | 10,000 | $102.0K | — | 0.0% |
| 56 | Gladius Capital Management#56 · 10,000 sh | 10,000 | $102.0K | <0.01% | 0.0% |
| 57 | Sculptor Capital#57 · 199,999 sh | 199,999 | $100.0K | <0.01% | +63.1% |
| 58 | K2 PRINCIPAL FUND, L.P.#58 · 199,363 sh | 199,363 | $99.7K | <0.01% | New |
| 59 | Walleye Capital#59 · 50,000 sh | 50,000 | $25.0K | <0.01% | 0.0% |
| 60 | Endure Capital Management#60 · 26,850 sh | 26,850 | $13.4K | <0.01% | 0.0% |
| 61 | FNY Investment Advisers#61 · 820 sh | 820 | $8.0K | — | 0.0% |
| 62 | UBS Group AG#62 · 1,382 sh | 1,382 | $691.00 | 0.00% | New |
Funds that sold out of PAII in Q2 2026 (1)
Held PAII at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.
| Institution | Shares sold | Value in Q1 2026 |
|---|---|---|
| Virtu Financial51,084 sh | 51,084 | $518.0K |
Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.