Gritstone Asset Management LLC Boosts Stock Position in Andretti Acquisition Corp. II $POLE

Key Points

• Gritstone Asset Management LLC increased its holdings in Andretti Acquisition Corp. II (NASDAQ:POLE) by 429.6% during the first quarter, accumulating a total of 241,691 shares.
• Multiple institutional investors also engaged in significant transactions, with Westchester Capital Management LLC boosting its holdings by 63.2% and Wolverine Asset Management LLC increasing by 234.9% during the same period.
• As of the recent trading session, POLE stock was priced at $10.41, with a twelve-month range of $9.94 to $11.16.

Gritstone Asset Management LLC lifted its stake in shares of Andretti Acquisition Corp. II (NASDAQ:POLE - Free Report) by 429.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 241,691 shares of the company's stock after acquiring an additional 196,051 shares during the quarter. Andretti Acquisition Corp. II accounts for about 2.8% of Gritstone Asset Management LLC's portfolio, making the stock its 11th largest position. Gritstone Asset Management LLC owned 0.82% of Andretti Acquisition Corp. II worth $2,448,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of POLE. Polar Asset Management Partners Inc. purchased a new stake in shares of Andretti Acquisition Corp. II during the fourth quarter worth $17,491,000. LMR Partners LLP purchased a new stake in shares of Andretti Acquisition Corp. II during the fourth quarter worth $16,992,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Andretti Acquisition Corp. II during the fourth quarter worth $9,890,000. Calamos Advisors LLC purchased a new stake in shares of Andretti Acquisition Corp. II during the first quarter worth $8,374,000. Finally, Toronto Dominion Bank purchased a new stake in shares of Andretti Acquisition Corp. II during the fourth quarter worth $6,020,000.

Andretti Acquisition Corp. II Stock Performance

Shares of Andretti Acquisition Corp. II stock remained flat at $10.42 during trading hours on Friday. The stock had a trading volume of 25,603 shares, compared to its average volume of 29,780. Andretti Acquisition Corp. II has a 1-year low of $9.94 and a 1-year high of $11.16. The firm has a 50-day moving average of $10.41 and a two-hundred day moving average of $10.28.

Andretti Acquisition Corp. II Profile

Andretti Acquisition Corp. II is a blank check company. It formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Andretti Acquisition Corp. II is based in INDIANAPOLIS, IN.