RLH Capital LLC

Portfolio Overview

RLH Capital LLC disclosed 108 positions worth $196.8M in its Form 13F-HR for Q1 2026, led by $BCAR (D. Boral ARC Acquisition I Corp.) at 9.5% of the equity portfolio, followed by $CAEP and $IPCX. During the quarter the fund opened 108 new positions and exited 0 — including a new stake in $BCAR. The portfolio is most concentrated in Financials (80.0% of disclosed assets). All figures are sourced directly from RLH Capital LLC’s Form 13F-HR filing with the SEC under CIK 2008031.

• 

  D. Boral ARC Acquisition I Corp.

  $BCAR

  —

  Quality

  $18.7M1,846,483 sh
• 

  Cantor Equity Partners III, Inc.

  $CAEP

  —

  Quality

  $16.4M1,592,659 sh
• 

  Inflection Point Acquisition Corp. III

  $IPCX

  —

  Quality

  $12.9M1,259,054 sh
• 

  Legato Merger Corp. III

  $LEGT

  —

  Quality

  $7.3M661,580 sh
• 

  Cantor Equity Partners I, Inc.

  $CEPO

  —

  Quality

  $7.1M675,834 sh
• 

  GSR IV Acquisition Corp.

  $GSRF

  —

  Quality

  $6.5M648,959 sh
• 

  Soulpower Acquisition Corp.

  $SOUL

  —

  Quality

  $5.9M577,700 sh
• 

  Armada Acquisition Corp. II

  $XRPN

  —

  Quality

  $4.8M462,808 sh
• 

  Yorkville Acquisition Corp.

  $MCGA

  —

  Quality

  $4.5M442,231 sh
• 

  Archimedes Tech SPAC Partners II Co.

  $ATII

  —

  Quality

  $4.2M400,907 sh

Company	Quality	Value	Shares
D. Boral ARC Acquisition I Corp.$BCAR	—	$18.7M	1,846,483
Cantor Equity Partners III, Inc.$CAEP	—	$16.4M	1,592,659
Inflection Point Acquisition Corp. III$IPCX	—	$12.9M	1,259,054
Legato Merger Corp. III$LEGT	—	$7.3M	661,580
Cantor Equity Partners I, Inc.$CEPO	—	$7.1M	675,834
GSR IV Acquisition Corp.$GSRF	—	$6.5M	648,959
Soulpower Acquisition Corp.$SOUL	—	$5.9M	577,700
Armada Acquisition Corp. II$XRPN	—	$4.8M	462,808
Yorkville Acquisition Corp.$MCGA	—	$4.5M	442,231
Archimedes Tech SPAC Partners II Co.$ATII	—	$4.2M	400,907

Showing top 10 of 108 holdings.

Full Holdings — RLH Capital LLC (Q1 2026)

All 108 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$BCAR	D. Boral ARC Acquisition I Corp.	$18.7M	9.5%	NEW	—
2	$CAEP	Cantor Equity Partners III, Inc.	$16.4M	8.3%	NEW	—
3	$IPCX	Inflection Point Acquisition Corp. III	$12.9M	6.5%	NEW	—
4	$LEGT	Legato Merger Corp. III	$7.3M	3.7%	NEW	—
5	$CEPO	Cantor Equity Partners I, Inc.	$7.1M	3.6%	NEW	—
6	$GSRF	GSR IV Acquisition Corp.	$6.5M	3.3%	NEW	—
7	$SOUL	Soulpower Acquisition Corp.	$5.9M	3.0%	NEW	—
8	$XRPN	Armada Acquisition Corp. II	$4.8M	2.4%	NEW	—
9	$MCGA	Yorkville Acquisition Corp.	$4.5M	2.3%	NEW	—
10	$ATII	Archimedes Tech SPAC Partners II Co.	$4.2M	2.1%	NEW	—
11	$BIXI	Bitcoin Infrastructure Acquisition Corp Ltd	$4.0M	2.0%	NEW	—
12	—	Blue Acquisition Corp	$3.8M	1.9%	NEW	—
13	$EURK	Eureka Acquisition Corp	$3.3M	1.7%	NEW	—
14	$ANSC	Agriculture & Natural Solutions Acquisition Corp	$3.3M	1.7%	NEW	—
15	$DMAA	Drugs Made In America Acquisition Corp.	$3.3M	1.7%	NEW	—
16	$AACB	Artius II Acquisition Inc.	$3.3M	1.7%	NEW	—
17	$MLAC	Mountain Lake Acquisition Corp.	$3.3M	1.7%	NEW	—
18	$SBXD	SilverBox Corp IV	$3.3M	1.6%	NEW	—
19	—	Xsolla SPAC 1	$3.0M	1.5%	NEW	—
20	$FGMC	FG Merger II Corp.	$2.8M	1.4%	NEW	—
21	$KVAC	Keen Vision Acquisition Corp.	$2.8M	1.4%	NEW	—
22	$BLRK	Bluerock Acquisition Corp.	$2.8M	1.4%	NEW	—
23	$FSHP	Flag Ship Acquisition Corp	$2.7M	1.4%	NEW	—
24	—	Inflection Point Acquisition C	$2.6M	1.3%	NEW	—
25	$NPAC	New Providence Acquisition Corp. III/Cayman	$2.6M	1.3%	NEW	—
26	—	SPACSphere Acquisition Corp	$2.5M	1.3%	NEW	—
27	$VCICW	Vine Hill Capital Investment Corp.	$2.2M	1.1%	NEW	—
28	$FVN	Future Vision II Acquisition Corp.	$2.1M	1.1%	NEW	—
29	$NWAX	New America Acquisition I Corp.	$2.1M	1.1%	NEW	—
30	$HAVA	Harvard Ave Acquisition Corp	$1.8M	0.9%	NEW	—
31	—	Future Money Acquisition Corp	$1.7M	0.9%	NEW	—
32	$CHPG	ChampionsGate Acquisition Corp	$1.6M	0.8%	NEW	—
33	$LPAA	Launch One Acquisition Corp.	$1.6M	0.8%	NEW	—
34	$MBAV	M3-Brigade Acquisition V Corp.	$1.6M	0.8%	NEW	—
35	$CCIX	Churchill Capital Corp IX/Cayman	$1.6M	0.8%	NEW	—
36	$DRDB	Roman DBDR Acquisition Corp. II	$1.6M	0.8%	NEW	—
37	$KOYN	CSLM Digital Asset Acquisition Corp III, Ltd	$1.6M	0.8%	NEW	—
38	—	HELIX ACQUISITION CORP III	$1.5M	0.8%	NEW	—
39	$CEPV	Cantor Equity Partners V, Inc.	$1.5M	0.8%	NEW	—
40	—	M Evo Global Acquisition Corp	$1.5M	0.8%	NEW	—
41	—	GigCapital9 Corp	$1.5M	0.8%	NEW	—
42	—	Mountain Lake Acquisition Corp	$1.5M	0.8%	NEW	—
43	$SCII	SC II Acquisition Corp.	$1.3M	0.7%	NEW	—
44	—	Colombier Acquisition Corp III	$1.3M	0.7%	NEW	—
45	—	Muzero Acquisition Corp	$1.2M	0.6%	NEW	—
46	$CAPN	Cayson Acquisition Corp	$1.2M	0.6%	NEW	—
47	$TVA	Texas Ventures Acquisition III Corp	$1.1M	0.6%	NEW	—
48	$SIMA	SIM Acquisition Corp. I	$1.1M	0.5%	NEW	—
49	—	K&F Growth Acquisition Corp II	$1.1M	0.5%	NEW	—
50	$KFII	K&F GROWTH ACQUISITION CORP. II	$1.0M	0.5%	NEW	—
51	$TMS	Teamshares Inc	$1.0M	0.5%	NEW	—
52	—	Bleichroeder Acquisition Corp	$1.0M	0.5%	NEW	—
53	$BAYA	Bayview Acquisition Corp	$1.0M	0.5%	NEW	—
54	$KCHV	Kochav Defense Acquisition Corp.	$1.0M	0.5%	NEW	—
55	$JENA	JENA ACQUISITION Corp II	$1.0M	0.5%	NEW	—
56	$OBA	Oxley Bridge Acquisition Ltd	$1.0M	0.5%	NEW	—
57	$QUMS	Quantumsphere Acquisition Corp	$1.0M	0.5%	NEW	—
58	—	D Boral Acquisition I Corp	$1.0M	0.5%	NEW	—
59	—	SUMA Acquisition Corp	$1.0M	0.5%	NEW	—
60	—	Art Technology Acquisition Cor	$990,500	0.5%	NEW	—
61	$AEAQ	Activate Energy Acquisition Corp.	$951,193	0.5%	NEW	—
62	—	RF Acquisition Corp III	$841,500	0.4%	NEW	—
63	$RDAG	Republic Digital Acquisition Co	$818,318	0.4%	NEW	—
64	$DTSQ	DT Cloud Star Acquisition Corp	$773,799	0.4%	NEW	—
65	$BPAC	Blueport Acquisition Ltd	$763,125	0.4%	NEW	—
66	$CCII	Cohen Circle Acquisition Corp. II	$754,828	0.4%	NEW	—
67	—	Four Leaf Acquisition Corp	$594,550	0.3%	NEW	—
68	$APAC	StoneBridge Acquisition II Corp	$577,588	0.3%	NEW	—
69	$DYNC	Dynamix Corp	$518,412	0.3%	NEW	—
70	$ONCH	1RT Acquisition Corp.	$507,084	0.3%	NEW	—
71	$LPCV	Launchpad Cadenza Acquisition Corp I	$500,750	0.3%	NEW	—
72	—	Pono Capital Four Inc	$499,000	0.3%	NEW	—
73	$QSEA	Quartzsea Acquisition Corp	$428,685	0.2%	NEW	—
74	$BSAA	BEST SPAC I Acquisition Corp.	$416,870	0.2%	NEW	—
75	$KBON	Karbon Capital Partners Corp.	$407,600	0.2%	NEW	—
76	—	Black Spade Acquisition III Co	$375,000	0.2%	NEW	—
77	$KRSP	Rice Acquisition Corp 3	$371,000	0.2%	NEW	—
78	$BKHA	Black Hawk Acquisition Corp	$342,333	0.2%	NEW	—
79	$OAKUW	Oak Woods Acquisition Corp	$323,267	0.2%	NEW	—
80	$RTAC	Renatus Tactical Acquisition Corp I	$308,400	0.2%	NEW	—
81	—	Canna-Global Acquisition Corp	$296,323	0.1%	NEW	—
82	$ADAC	American Drive Acquisition Co	$249,625	0.1%	NEW	—
83	$LWAC	LightWave Acquisition Corp.	$249,043	0.1%	NEW	—
84	$CCXI	Churchill Capital Corp XI	$205,000	0.1%	NEW	—
85	—	Target Global Acquisition I Co	$157,608	0.1%	NEW	—
86	—	Mercer Park Opportunities Corp	$115,230	0.1%	NEW	—
87	—	Infinite Eagle Acquisition Cor	$101,500	0.1%	NEW	—
88	$HSPT	Horizon Space Acquisition II Corp.	$52,197	0.0%	NEW	—
89	$KOYN	CSLM Digital Asset Acquisition Corp III, Ltd	$47,501	0.0%	NEW	—
90	$IPCX	Inflection Point Acquisition Corp. III	$45,500	0.0%	NEW	—
91	$QUMS	Quantumsphere Acquisition Corp	$40,687	0.0%	NEW	—
92	—	MOZAYYX Acquisition Corp	$39,780	0.0%	NEW	—
93	$AACB	Artius II Acquisition Inc.	$28,505	0.0%	NEW	—
94	$MLAC	Mountain Lake Acquisition Corp.	$26,000	0.0%	NEW	—
95	$RDAG	Republic Digital Acquisition Co	$24,193	0.0%	NEW	—
96	$ATII	Archimedes Tech SPAC Partners II Co.	$24,165	0.0%	NEW	—
97	$DMAA	Drugs Made In America Acquisition Corp.	$24,123	0.0%	NEW	—
98	$CHPG	ChampionsGate Acquisition Corp	$23,208	0.0%	NEW	—
99	$JENA	JENA ACQUISITION Corp II	$16,500	0.0%	NEW	—
100	$IPEX	Inflection Point Acquisition Corp. V	$12,969	0.0%	NEW	—
101	$ONCH	1RT Acquisition Corp.	$11,238	0.0%	NEW	—
102	—	Dt Cloud Acquisition Corp	$9,381	0.0%	NEW	—
103	$KCHV	Kochav Defense Acquisition Corp.	$9,281	0.0%	NEW	—
104	$WENN	WEN Acquisition Corp	$6,905	0.0%	NEW	—
105	—	CAPITALWORKS EMERGING M-CL A	$5,425	0.0%	NEW	—
106	$RTAC	Renatus Tactical Acquisition Corp I	$4,214	0.0%	NEW	—
107	$MACI	Melar Acquisition Corp. I/Cayman	$118	0.0%	NEW	—
108	—	SHARONAI HOLDINGS INC	$85	0.0%	NEW	—