HVMC
Highview Merger Corp. Class A Ordinary ShareFinancial Services·Banks
$10.15
$299M market cap
Revenue
$0.0M
Free Cash Flow
$-0.4M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Highview Merger Corp. operates as a blank check company. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The company was founded on April 16, 2025 and is headquartered in Delray Beach, FL.
2-Year Price History
$10.12+1.7%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2025-Q4 | 0.0 | -0.1 | -0.3 | 2.2 | -0.1 | -0.4 | -0.0 | 0.9 | 0.0 | 29.4 | -- | -- | -- |
Valuation & Metrics
Market Stats
Price$10.15
Market Cap$299M
Enterprise Value$298M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield-0.1%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$2.2M
Free Cash Flow$-0.4M
Revenue Growth (YoY)+0.0%
EBITDA Margin0.0%
Net Margin0.0%
FCF Margin0.0%
CapEx % of Revenue0.0%
SBC % of Revenue0.0%
ROIC--
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.7
Change (vs Prior)-6.3%
Need at least 2 settlement dates for chart
Cash Runway
28.3months
WATCH
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
70.8%(+3.1% YoY)
55 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.0%(+0.0% YoY)
0 filers
Vanguard, iShares, SPDR
Market makers
0.1%(-0.0% 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 |
|---|---|---|---|---|---|---|
| ADAGE CAPITAL PARTNERS GP, L.L.C. | $18.1M | $10.00 | +$0 | +$18.1M | -0.1% | $64.61B |
| Alberta Investment Management Corp | $12.6M | $10.00 | +$0 | +$12.6M | -0.4% | $14.74B |
| AQR Arbitrage LLC | $12.2M | $10.00 | −$533K | +$12.2M | -0.0% | $5.11B |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | $10.1M | $10.00 | +$0 | +$10.1M | -0.2% | $60.08B |
| GLAZER CAPITAL, LLC | $9.8M | $10.00 | +$786K | +$9.8M | +8.8% | $4.51B |
| Magnetar Financial LLC | $9.3M | $10.00 | +$0 | +$9.3M | -0.8% | $9.54B |
| Hudson Bay Capital Management LP | $9.1M | $10.00 | +$0 | +$9.1M | +1.9% | $15.12B |
| MILLENNIUM MANAGEMENT LLC | $8.6M | $10.00 | +$523K | +$8.6M | -0.5% | $127.40B |
| LINDEN ADVISORS LP | $7.5M | $10.00 | +$0 | +$7.5M | -7.0% | $1.89B |
| TWO SIGMA INVESTMENTS, LP | $6.4M | $10.00 | +$0 | +$6.4M | -0.9% | $117.03B |
| Radcliffe Capital Management, L.P. | $5.5M | $10.00 | +$105K | +$5.5M | +3.9% | $1.33B |
| Schonfeld Strategic Advisors LLC | $5.4M | $10.01 | +$905K | +$5.4M | +1.3% | $12.20B |
| Verition Fund Management LLC | $5.4M | $10.00 | −$851K | +$5.4M | -0.4% | $9.73B |
| TORONTO DOMINION BANK | $5.0M | $10.03 | +$3.3M | +$5.0M | -0.3% | $51.72B |
| Sculptor Capital LP | $5.0M | $10.00 | +$0 | +$5.0M | +5.4% | $4.63B |
| Shaolin Capital Management LLC | $5.0M | $10.00 | −$1.0M | +$5.0M | +7.5% | $1.20B |
| TENOR CAPITAL MANAGEMENT Co., L.P. | $5.0M | $10.00 | +$0 | +$5.0M | +5.6% | $1.50B |
| BNP PARIBAS FINANCIAL MARKETS | $4.6M | $10.01 | +$548K | +$4.6M | -0.2% | $149.31B |
| Polar Asset Management Partners Inc. | $4.0M | $10.00 | +$0 | +$4.0M | +1.8% | $3.16B |
| MOORE CAPITAL MANAGEMENT, LP | $4.0M | $10.00 | +$0 | +$4.0M | +2.3% | $2.52B |
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)BEARISH
Holders
+0.70%
avg per quarter
Holders (ex-self)
+0.70%
excl. this stock
Buyers (this Q)
-1.09%
21 buyers · $0.02B in
Sellers (this Q)
+2.83%
7 sellers · $0.00B out
alpha coverage: 99% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-5.8%
how holders react when this stock falls
On quiet Qs
+1.3%
−10% to +10% baseline
On rallies (+10%+)
-11.7%
how they react when this stock rises
Holders' portfolio flow this Q
+4.7%
inflows — adds are organic
Sellers' portfolio flow this Q
-8.5%
Sellers shed AUM broadly — partly forced.
Biggest decreases this quarter
Top-5 holders · 29.6%
ADAGE CAPITAL PARTNERS GP, L.L.C.--
Alberta Investment Management Corp--
AQR Arbitrage LLC--
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND--
GLAZER CAPITAL, 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)
ADAGE CAPITAL PARTNERS GP, L.L.C.1.8MAQR Arbitrage LLC1.2MAlberta Investment Management Corp1.3MHEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND1.0MGLAZER CAPITAL, LLC978KMagnetar Financial LLC929KHudson Bay Capital Management LP902KMILLENNIUM MANAGEMENT LLC852KLINDEN ADVISORS LP750KTWO SIGMA INVESTMENTS, LP633K
Corporate
Order Flow (FINRA, ~3w lag)
1.4%retail-12.3pp
28.1%dark-0.3pp
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.