CAEP
Cantor Equity Partners III, Inc. Class A Ordinary SharesFinancial Services·Shell Companies
$15.00
$526M market cap
Revenue
$0.0M
Free Cash Flow
$0.0M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
741126.8x
EV/FCF
741802.3x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
A Cayman Islandsâincorporated Special Purpose Acquisition Company (SPAC) sponsored by Cantor Fitzgerald. It raised capital to merge with or acquire companies in sectors including financial services, digital assets, healthcare, real estate services, technology, and software.
2-Year Price History
$15.00+42.5%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 0.0 | -2.3 | -2.3 | 0.2 | 0.0 | 0.0 | -0.0 | 0.0 | 0.5 | 35.1 | -10.3% | -- | -- |
| Act | 2025-Q4 | 0.0 | -2.0 | -2.0 | 0.9 | 0.0 | 0.0 | -0.0 | 0.0 | 0.3 | 35.1 | -8.7% | -- | -- |
Valuation & Metrics
Market Stats
Price$15.00
Market Cap$526M
Enterprise Value$527M
P/S Ratio0.0x
P/FCF741126.8x
EV/FCF741802.3x
FCF Margin (TTM)0.0%
FCF Yield0.0%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$1.1M
Free Cash Flow$0.0M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC-9.5%
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.0
Change (vs Prior)-64.7%
Need at least 2 settlement dates for chart
Employees
Headcount2
Revenue / Employee$0
Gross Profit / Employee$0
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
56.6%(+7.4% YoY)
76 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
1 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-2.0% YoY)
1 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| METEORA CAPITAL, LLC | $28.2M | $10.37 | −$516K | +$28.2M | -6.0% | $69.12B |
| BERKLEY W R CORP | $23.0M | $10.28 | +$12.1M | +$23.0M | +0.3% | $1.86B |
| RLH Capital LLC | $16.4M | $10.31 | +$16.4M | +$16.4M | — | $197M |
| TORONTO DOMINION BANK | $15.9M | $10.29 | −$4.9M | +$15.9M | -0.3% | $51.69B |
| Vivaldi Asset Management, LLC | $12.5M | $10.23 | −$50K | +$12.5M | +3.3% | $1.90B |
| Crossingbridge Advisors, LLC | $11.6M | $10.31 | +$11.6M | +$11.6M | -0.1% | $492M |
| MIZUHO SECURITIES USA LLC | $11.4M | $10.30 | +$5.7M | +$11.4M | +0.0% | $4.03B |
| Quarry LP | $11.4M | $10.26 | +$2.8M | +$11.4M | -2.5% | $483M |
| RiverPark Advisors, LLC | $9.4M | $10.20 | +$260K | +$9.4M | -0.7% | $208M |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | $8.9M | $10.30 | +$1.6M | +$8.9M | -5.6% | $1.12B |
| Hudson Bay Capital Management LP | $8.9M | $10.24 | +$0 | +$8.9M | +1.9% | $15.12B |
| Sculptor Capital LP | $7.7M | $10.30 | +$0 | +$7.7M | +5.4% | $4.63B |
| MMCAP International Inc. SPC | $7.7M | $10.55 | +$0 | +$7.7M | -3.5% | $1.16B |
| GLAZER CAPITAL, LLC | $6.6M | $10.38 | +$3.8M | +$6.6M | +8.8% | $4.51B |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $5.2M | $10.55 | +$0 | +$5.2M | -0.2% | $60.08B |
| LINDEN ADVISORS LP | $5.2M | $10.55 | +$0 | +$5.2M | -7.0% | $1.89B |
| Mint Tower Capital Management B.V. | $5.2M | $10.46 | +$0 | +$5.2M | +6.3% | $517M |
| Alberta Investment Management Corp | $5.2M | $10.55 | +$0 | +$5.2M | -0.4% | $14.74B |
| ARISTEIA CAPITAL LLC | $5.2M | $10.55 | +$0 | +$5.2M | +5.0% | $2.68B |
| Ghisallo Capital Management LLC | $5.2M | $10.55 | +$0 | +$5.2M | +1.5% | $2.56B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)NEUTRAL
Holders
-0.20%
avg per quarter
Holders (ex-self)
-0.19%
excl. this stock
Buyers (this Q)
+0.49%
14 buyers · $0.06B in
Sellers (this Q)
+0.44%
24 sellers · $0.02B out
alpha coverage: 94% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-5.4%
how holders react when this stock falls
On quiet Qs
-3.2%
−10% to +10% baseline
On rallies (+10%+)
-14.2%
how they react when this stock rises
Holders' portfolio flow this Q
+9.5%
inflows — adds are organic
Sellers' portfolio flow this Q
-6.6%
Sellers shed AUM broadly — partly forced.
Biggest decreases this quarter
TWO SIGMA INVESTMENTS, LPexited−$7.5MTORONTO DOMINION BANK−$4.9Mα-0.3Graham Capital Management, L.P.exited−$2.8MSTEADFAST CAPITAL MANAGEMENT LPexited−$1.3MDRIEHAUS CAPITAL MANAGEMENT LLCexited−$1.0MMETEORA CAPITAL, LLC−$516Kα-6.0Jefferies Financial Group Inc.exited−$463KBOOTHBAY FUND MANAGEMENT, LLCexited−$170KMILLENNIUM MANAGEMENT LLCexited−$110KFort Baker Capital Management LPexited−$102K
New buyers this quarter
Top-5 holders · 32.2%
METEORA CAPITAL, LLC--
BERKLEY W R CORP--
RLH Capital LLC--
TORONTO DOMINION BANK--
Vivaldi Asset Management, LLC--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
METEORA CAPITAL, LLC2.7MBERKLEY W R CORP2.2MHarraden Circle Investments, LLC—TORONTO DOMINION BANK1.5MRLH Capital LLC1.6MGovernors Lane LP—Vivaldi Asset Management, LLC1.2MAnson Funds Management LP—Crossingbridge Advisors, LLC1.1MMIZUHO SECURITIES USA LLC1.1M
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Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$58
1 txn · 1 insider · 7,480,000 sh
Sells ($, 12mo)
$58
1 txn · 1 insider · 7,480,000 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2025-10-06 | SELL | LUTNICK HOWARD W | 10 percent owner | 7,480,000 | $0.00 | $58 | $0 |
| 2025-10-06 | BUY | Lutnick Brandon | director, 10 percent owner, officer: Chairman and CEO | 7,480,000 | $0.00 | $58 | $54 |
Order Flow (FINRA, ~3w lag)
52.2%retail+15.5pp
10.5%dark+6.0pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
CANTOR EQUITY PARTNERS III, INC.: High-Octane Insider Fees and Structural Overhang
Overall Risk
5/10
Fraud
2/10
Dilution
9/10
Insolvency
3/10
Earnings Overstated
1/10
Hidden Liabilities
5/10
Legal
3/10
Audit Warnings
2/10
Hidden Upside
6/10
Contextually Acceptable
8/10