HCM III ACQUISITION CORP. (HCMAW)

Accumulating

Institutional accumulation: ownership increased +1.48% quarter-over-quarter.

Data as of Q1 2026

Institutional Ownership

67.69%

QoQ Change

+1.48%

Total Value

$217.5B

Shares Outstanding

33.7M

Crowding AnalysisCrowded

Holders54of 5,944

Avg: 68

Uncrowded83th percentileCrowded

Institutional Activity

Buy/Sell Ratio0.92x

56th percentile

23 buying25 selling

New

-14

Closed

-393,032

Net shares

Holding Period Distribution

estimate

Median: 2 QAvg: 2.2 QHolders: 54

Ownership Concentration

Top 5: 33.6%Top 10: 60.7%

METEORA CAPITAL,9.1%

LINDEN ADVISORS6.7%

LMR Partners LLP6.1%

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND5.8%

MMCAP International Inc. SPC5.8%

Others (49)66.4%

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Conviction-Weighted Ownership

Median weight: 0.11%Avg weight: 0.37%Max: 1.54%High conviction (>1%): 1

METEORA CAPITAL,

LINDEN ADVISORS

LMR Partners LLP

HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND

MMCAP International Inc. SPC

TENOR CAPITAL MANAGEMENT Co., L.P.

Verition Fund Management

Saba Capital Management, L.P.

Governors Lane

TORONTO DOMINION BANK

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Whale Moves Timeline (8 Quarters)

Biggest dollar-value position changes among top 10 holders

NEWTORONTO DOMINION BANK$7M1.1M shr

SOLDMETEORA CAPITAL$2M150K shr

BOUGHTGovernors Lane$78K9K shr

NEWHEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND$10M1.3M shr

NEWMMCAP International Inc. SPC$10M1.3M shr

NEWGovernors Lane$10M1.2M shr

BOUGHTMETEORA CAPITAL$4M618K shr

SOLDHIGHBRIDGE CAPITAL MANAGEMENT$3M255K shr

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Institutional Trends (3 Quarters)

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Institutional Holders

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