Who holds it, who is betting against it, and where the big money is moving
Net of large-order buying minus selling, in USD. Over this window: +$20.92M (6 inflow days, 14 outflow days).
Super/Big orders approximate institutional-size trades; Mid/Small approximate retail-size trades. Net buy minus sell value in each bucket, summed over the window.
The five largest holders on file together own 46.7% of shares outstanding.
Reported short interest has held roughly steady near 0.22% of float over the last 6 biweekly reports (30 Jun 2026 to 15 Sep 2026).
| Holder | Type | Period | Share change | New stake |
|---|---|---|---|---|
| FMR | Mutual Fund | 2026/Q3 | +1 | 0.1% |
| Mizuho Financial Group, Inc. | Public Company | 2026/Q3 | +316,650 | 2.5% |
| RLH Capital, LLC | Hedge Fund | 2026/Q3 | +294,470 | 2.4% |
| Highbridge Capital Management, LLC | Hedge Fund | 2026/Q3 | +268,424 | 1.7% |
| The Quarry LP | Hedge Fund | 2026/Q3 | +175,000 | 1.5% |
| CrossingBridge Advisors, LLC | Mutual Fund | 2026/Q3 | +110,000 | 0.3% |
| Shaolin Capital Management LLC | Mutual Fund | 2026/Q3 | +67,393 | 0.8% |
| Accelerate Financial Technologies Inc., Asset Management Arm | Mutual Fund | 2026/Q3 | +40,000 | 0.2% |
| Commonwealth Equity Services, LLC | Mutual Fund | 2026/Q3 | +37,044 | 0.7% |
| Qube Research & Technologies Ltd | Mutual Fund | 2026/Q3 | +22,642 | 0.1% |
| Cambridge Investment Research Advisors, Inc. | Mutual Fund | 2026/Q3 | +11,567 | 0.3% |
| Western Wealth Management LLC | Family Office/Trust | 2026/Q3 | +11,465 | 0.0% |
| AQR Capital Management | Hedge Fund | 2026/Q3 | +11,224 | 3.4% |
| PenderFund Capital Management Ltd. | Mutual Fund | 2026/Q3 | +7,300 | 0.0% |
| Osaic Wealth, Inc. | Private Company | 2026/Q3 | +2,500 | 0.0% |
Institutional buy/sell activity by reporting period, largest moves first.
| Date | Insider | Title | Transaction | Shares | Price | Held after |
|---|---|---|---|---|---|---|
| 27 Aug 2025 | Arrington Capital Investment Management, LLC | Initial Statement of Beneficial | +0 | – | 400,000 | |
| 11 Aug 2025 | Stephen Herbert | Chief Executive Officer | Other Derivative Disposition | -200,000 | – | – |
| 11 Aug 2025 | Douglas Lurio | President, CFO, Secretary & Director | Other Derivative Disposition | -200,000 | – | – |
| 11 Aug 2025 | Armada Sponsor II LLC | Other Disposition | -7,880,000 | – | – | |
| 11 Aug 2025 | Armada Sponsor II LLC | Private Disposition | -400,000 | – | – | |
| 11 Aug 2025 | Armada Sponsor II LLC | Other Derivative Disposition | -200,000 | – | – | |
| 21 May 2025 | Armada Sponsor II LLC | Initial Statement of Beneficial | +0 | – | 200,000 |
From Form 4/Form 144 filings. Negative share counts are disposals (sales, gifts, or shares withheld for taxes); positive are acquisitions.
| Report date | Shares short | % of float | Days to cover |
|---|---|---|---|
| 15 Sep 2026 | 68,519 | 0.2% | 1.0 |
| 31 Aug 2026 | 60,199 | 0.2% | 1.5 |
| 14 Aug 2026 | 36,034 | 0.1% | 1.0 |
| 31 Jul 2026 | 48,698 | 0.2% | 1.1 |
| 15 Jul 2026 | 64,749 | 0.2% | 2.5 |
| 30 Jun 2026 | 67,646 | 0.2% | 1.6 |
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