AQR Arbitrage LLC Cuts Stock Position in HCM II Acquisition Corp. $HOND

Key Points

• AQR Arbitrage LLC has reduced its position in HCM II Acquisition Corp. (NASDAQ:HOND) by 17.6%, owning 1,288,674 shares after selling 275,159 shares in the first quarter.
• Other hedge funds have also entered positions in HCM II Acquisition during the last quarter, with notable new stakes from Mizuho Securities, Toronto Dominion Bank, and Centiva Capital.
• HCM II Acquisition's stock is currently trading at $11.50, with a one-year range of $9.90 to $12.24.

AQR Arbitrage LLC lessened its position in HCM II Acquisition Corp. (NASDAQ:HOND - Free Report) by 17.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,288,674 shares of the company's stock after selling 275,159 shares during the period. AQR Arbitrage LLC owned approximately 4.48% of HCM II Acquisition worth $13,628,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Mizuho Securities USA LLC purchased a new position in shares of HCM II Acquisition during the first quarter valued at approximately $271,000. Toronto Dominion Bank purchased a new position in shares of HCM II Acquisition during the fourth quarter valued at approximately $318,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of HCM II Acquisition during the fourth quarter valued at approximately $752,000. TENOR CAPITAL MANAGEMENT Co. L.P. purchased a new position in shares of HCM II Acquisition during the fourth quarter valued at approximately $1,745,000. Finally, Centiva Capital LP purchased a new position in shares of HCM II Acquisition during the fourth quarter valued at approximately $1,956,000.

HCM II Acquisition Stock Up 0.9%

Shares of NASDAQ:HOND traded up $0.10 during mid-day trading on Friday, hitting $11.60. 183,207 shares of the company traded hands, compared to its average volume of 641,368. HCM II Acquisition Corp. has a 12-month low of $9.90 and a 12-month high of $12.24. The stock has a 50-day moving average price of $11.24 and a two-hundred day moving average price of $10.98.

HCM II Acquisition Company Profile

HCM II Acquisition Corp. operates as a blank check company. It was formed for the purpose of entering into a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was founded on April 4, 2024 and is headquartered in Stamford, CT.