Andretti Acquisition Corp. II $POLE Shares Purchased by Westchester Capital Management LLC

Key Points

• Westchester Capital Management LLC increased its stake in Andretti Acquisition Corp. II by 63.2%, purchasing an additional 450,000 shares to hold a total of 1,161,916 shares.
• As of its latest SEC filing, Westchester owns approximately 3.94% of the company, valued at $11,793,000.
• Other investors also made significant stakes in Andretti Acquisition Corp. II, with new investments ranging from $1.5 million to $15.2 million during the fourth quarter.

Westchester Capital Management LLC increased its stake in Andretti Acquisition Corp. II (NASDAQ:POLE - Free Report) by 63.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,161,916 shares of the company's stock after purchasing an additional 450,000 shares during the quarter. Westchester Capital Management LLC owned 3.94% of Andretti Acquisition Corp. II worth $11,793,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. MMCAP International Inc. SPC purchased a new position in Andretti Acquisition Corp. II during the 1st quarter valued at about $5,875,000. Mizuho Securities USA LLC purchased a new position in Andretti Acquisition Corp. II during the 1st quarter valued at about $2,532,000. Wolverine Asset Management LLC increased its holdings in Andretti Acquisition Corp. II by 234.9% during the 1st quarter. Wolverine Asset Management LLC now owns 658,099 shares of the company's stock valued at $6,667,000 after acquiring an additional 461,607 shares in the last quarter. Calamos Advisors LLC purchased a new position in Andretti Acquisition Corp. II during the 1st quarter valued at about $8,374,000. Finally, Polar Asset Management Partners Inc. purchased a new position in Andretti Acquisition Corp. II during the 4th quarter valued at about $17,491,000.

Andretti Acquisition Corp. II Stock Performance

NASDAQ:POLE traded down $0.01 during mid-day trading on Friday, hitting $10.41. 522 shares of the company's stock traded hands, compared to its average volume of 38,626. The firm's 50 day simple moving average is $10.41 and its 200 day simple moving average is $10.27. Andretti Acquisition Corp. II has a 1 year low of $9.94 and a 1 year high of $11.16.

About Andretti Acquisition Corp. II

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.