CEPT
Cantor Equity Partners II, Inc. Class A Ordinary ShareFinancial Services·Shell Companies
$13.53
$414M market cap
Revenue
$0.0M
Free Cash Flow
$0.1M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
7301.8x
EV/FCF
7312.0x
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Cantor Equity Partners II, Inc., a blank check company, focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company was formerly known as CF International Acquisition Corp. III. The company was incorporated in 2020 and is based in New York, New York.
2-Year Price History
$12.97+17.1%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 0.0 | -1.5 | -1.5 | 2.4 | 0.0 | 0.0 | -0.0 | 0.0 | 0.6 | 21.4 | -7.4% | -- | -- |
| Act | 2025-Q4 | 0.0 | -1.5 | -1.5 | -3.8 | 0.1 | 0.1 | -0.0 | 0.0 | 0.4 | 21.4 | -7.8% | -- | -- |
Valuation & Metrics
Market Stats
Price$13.53
Market Cap$414M
Enterprise Value$414M
P/S Ratio0.0x
P/FCF7301.8x
EV/FCF7312.0x
FCF Margin (TTM)0.0%
FCF Yield0.0%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$-1.4M
Free Cash Flow$0.1M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC-7.6%
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.9M
Days to Cover1.7
Change (vs Prior)+9.4%
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
36.4%(+36.4% YoY)
69 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
1 filers
Vanguard, iShares, SPDR
Market makers
0.1%(+0.1% 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 |
|---|---|---|---|---|---|---|
| Alyeska Investment Group, L.P. | $18.8M | $11.11 | −$426K | +$18.8M | -0.5% | $35.33B |
| Harraden Circle Investments, LLC | $18.1M | $10.98 | −$8.5M | +$18.1M | -31.0% | $744M |
| Governors Lane LP | $11.6M | $10.87 | −$1.2M | +$11.6M | +1.6% | $801M |
| D. E. Shaw & Co., Inc. | $7.7M | $11.03 | +$0 | +$7.7M | -0.3% | $118.02B |
| DLD Asset Management, LP | $7.2M | $11.01 | +$2.8M | +$7.2M | -3.3% | $380M |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | $5.9M | $11.26 | −$8.4M | +$5.9M | -5.6% | $1.12B |
| FIFTH LANE CAPITAL, LP | $5.7M | $10.99 | +$3.0M | +$5.7M | -12.2% | $82.3M |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $5.4M | $11.03 | +$0 | +$5.4M | -0.2% | $60.08B |
| TORONTO DOMINION BANK | $4.2M | $11.02 | −$2.6M | +$4.2M | -0.3% | $51.69B |
| LINDEN ADVISORS LP | $3.7M | $11.03 | −$653K | +$3.7M | -7.0% | $1.89B |
| SPX Gestao de Recursos Ltda | $3.3M | $11.25 | +$0 | +$3.3M | +4.2% | $1.20B |
| Alberta Investment Management Corp | $3.3M | $10.98 | +$0 | +$3.3M | -0.4% | $14.74B |
| Magnetar Financial LLC | $3.2M | $11.03 | −$1.9M | +$3.2M | -0.8% | $9.54B |
| K2 PRINCIPAL FUND, L.P. | $3.0M | $11.14 | −$731K | +$3.0M | +1.8% | $634M |
| Waratah Capital Advisors Ltd. | $2.7M | $11.26 | −$667K | +$2.7M | +0.8% | $1.12B |
| Saba Capital Management, L.P. | $2.2M | $11.03 | −$1.1M | +$2.2M | -4.4% | $3.09B |
| ARP Global Capital Ltd | $2.0M | $10.89 | +$2.0M | +$2.0M | +0.6% | $170M |
| FNY Investment Advisers, LLC | $1.9M | $11.16 | −$202K | +$1.9M | -0.7% | $225M |
| ARISTEIA CAPITAL LLC | $1.8M | $11.03 | +$0 | +$1.8M | +5.0% | $2.68B |
| Schonfeld Strategic Advisors LLC | $1.7M | $10.98 | +$549K | +$1.7M | +1.3% | $12.20B |
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)BULLISH
Holders
-4.19%
avg per quarter
Holders (ex-self)
-4.53%
excl. this stock
Buyers (this Q)
-2.16%
25 buyers · $0.02B in
Sellers (this Q)
-9.02%
26 sellers · $0.04B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-6.9%
how holders react when this stock falls
On quiet Qs
-9.9%
−10% to +10% baseline
On rallies (+10%+)
-13.0%
how they react when this stock rises
Holders' portfolio flow this Q
+3.6%
inflows — adds are organic
Sellers' portfolio flow this Q
+6.7%
Sellers grew AUM elsewhere — opinionated cut of this stock.
Biggest decreases this quarter
Harraden Circle Investments, LLC−$8.5Mα-31.0HIGHBRIDGE CAPITAL MANAGEMENT LLC−$8.4Mα-5.6TWO SIGMA INVESTMENTS, LPexited−$7.5MTORONTO DOMINION BANK−$2.6Mα-0.3Vivaldi Asset Management, LLCexited−$2.0MTENOR CAPITAL MANAGEMENT Co., L.P.exited−$1.9MMagnetar Financial LLC−$1.9Mα-0.8CITADEL ADVISORS LLCexited−$1.7MAQR Arbitrage LLCexited−$1.7MWealthspring Capital LLCexited−$1.3M
New buyers this quarter
Top-5 holders · 42.5%
Alyeska Investment Group, L.P.--
Harraden Circle Investments, LLC--
Governors Lane LP--
D. E. Shaw & Co., Inc.--
DLD Asset Management, LP--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
Harraden Circle Investments, LLC1.7MAlyeska Investment Group, L.P.1.7MHIGHBRIDGE CAPITAL MANAGEMENT LLC547KMETEORA CAPITAL, LLC—Governors Lane LP1.1MMMCAP International Inc. SPC—D. E. Shaw & Co., Inc.704KTWO SIGMA INVESTMENTS, LP—DLD Asset Management, LP660KTORONTO DOMINION BANK390K
Related Stocks
Investors who own this also own
Stocks held by the same active managers as this one, ranked by score — how much more often these appear together than random chance (1× = baseline). Excludes index ETFs and market makers; minimum 3 shared holders.
| Ticker | Name | Co-holders | Score |
|---|---|---|---|
| NWAX | New America Acquisition I Corp. | 3 | 764.64× |
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$58
1 txn · 1 insider · 6,580,000 sh
Sells ($, 12mo)
$58
1 txn · 1 insider · 6,580,000 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2025-10-06 | SELL | LUTNICK HOWARD W | 10 percent owner | 6,580,000 | $0.00 | $58 | $0 |
| 2025-10-06 | BUY | Lutnick Brandon | director, 10 percent owner, officer: Chairman and CEO | 6,580,000 | $0.00 | $58 | $53 |
Order Flow (FINRA, ~3w lag)
41.8%retail-4.7pp
12.9%dark-1.2pp
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 II: A Self-Dealing SPAC Shell with Concentrated Counterparty Risk
Overall Risk
7/10
Fraud
3/10
Dilution
8/10
Insolvency
6/10
Earnings Overstated
4/10
Hidden Liabilities
5/10
Legal
4/10
Audit Warnings
2/10
Hidden Upside
3/10
Contextually Acceptable
6/10