HGC Investment Management Inc.
Q4 2025 13F-HR Holdings
Net value change ($000)
+61,219
(14.9%)
New positions
51
Sold out positions
19
Turnover %
54.5%
Sector allocation + QoQ delta (equities-only)
Snapshot: Change Analysis
Compared to Q3 2025
Methodology:
sector metrics are equities-only;
instrument mix chart is ex-options;
options exposure is shown separately.
Why this matters.
Top Adds (Value $000, Stocks/ETFs)
| DMII | 12,187 | NEW |
| PAII | 8,551 | NEW |
| EXAS | 8,125 | NEW |
| ITHA | 7,980 | NEW |
| LPCV | 7,485 | NEW |
| ADAC | 7,478 | NEW |
| JENA | 7,119 | NEW |
| VHCP | 6,514 | NEW |
| CEPV | 5,977 | NEW |
| CFLT | 5,270 | NEW |
Top Reduces (Value $000, Stocks/ETFs)
| DMII | -11,934 | -100.0% |
| PYROPHYTE ACQUISITION CORP. | -8,611 | -100.0% |
| CGCT | -8,136 | -100.0% |
| VRNA | -7,885 | -100.0% |
| AEXA | -7,537 | -98.5% |
| JENA | -7,287 | -100.0% |
| MLAC | -7,210 | -100.0% |
| AA Mission Acquisition Corp. | -6,222 | -49.1% |
| CEPF | -6,049 | -47.5% |
| GSRF | -5,321 | -100.0% |
Instrument mix + QoQ Δ (ex-options)
How this table is calculated:
SEC
VALUE ($000) is used as reported.
For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received.
Column % is bucket-based:
non-options share is calculated inside non-option total, options share is calculated inside options total.
Details.
Filter:
Instrument:
| Issuer Name | Ticker | Sector | Industry | Class | History | Value ($000) | % | Shares | Shares Δ | Shares Δ% | Value Δ ($000) | Value Δ% | Principal | Option Type |
|---|