TACO
Berto Acquisition Corp.Financial Services·Shell Companies
$10.48
$393M market cap
Revenue
$0.0M
Free Cash Flow
$-0.1M
Rev Growth
+0.0%
FCF Margin
0.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Berto Acquisition Corp. operates as a blank check company. The Company aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization.
2-Year Price History
$10.45+1.3%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 0.0 | -0.5 | -0.5 | 2.2 | -0.1 | -0.1 | -0.0 | 0.2 | 0.0 | 30.0 | -- | -- | -- |
Valuation & Metrics
Market Stats
Price$10.48
Market Cap$393M
Enterprise Value$393M
P/S Ratio0.0x
P/FCF--
EV/FCF--
FCF Margin (TTM)0.0%
FCF Yield0.0%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$0.0M
Net Income$2.2M
Free Cash Flow$-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--
WC Change % Rev0.0%
Interest Coverage--
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares0.0M
Days to Cover1.0
Change (vs Prior)+48.5%
Need at least 2 settlement dates for chart
Cash Runway
21.0months
WATCH
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
72.7%(+13.9% YoY)
61 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
0.2%(-0.1% YoY)
1 filers
Vanguard, iShares, SPDR
Market makers
0.0%(-0.2% YoY)
0 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 |
|---|---|---|---|---|---|---|
| BERKLEY W R CORP | $18.7M | $10.20 | +$8.2M | +$18.7M | +0.3% | $1.86B |
| Centiva Capital, LP | $18.4M | $10.35 | +$0 | +$18.4M | +0.5% | $2.14B |
| Magnetar Financial LLC | $16.9M | $10.42 | +$0 | +$16.9M | -0.8% | $9.54B |
| GLAZER CAPITAL, LLC | $16.2M | $10.40 | +$1.3M | +$16.2M | +8.8% | $4.51B |
| LINDEN ADVISORS LP | $15.4M | $10.37 | +$0 | +$15.4M | -7.0% | $1.89B |
| Hudson Bay Capital Management LP | $13.0M | $10.41 | +$0 | +$13.0M | +1.9% | $15.12B |
| Polar Asset Management Partners Inc. | $11.3M | $10.42 | +$0 | +$11.3M | +1.8% | $3.16B |
| AQR Arbitrage LLC | $11.0M | $10.42 | −$532K | +$11.0M | -0.0% | $5.11B |
| MOORE CAPITAL MANAGEMENT, LP | $10.3M | $10.42 | +$0 | +$10.3M | +2.3% | $2.52B |
| WOLVERINE ASSET MANAGEMENT LLC | $9.2M | $10.26 | +$8.9M | +$9.2M | +1.9% | $2.32B |
| Verbena Value LP | $9.2M | $10.14 | +$0 | +$9.2M | +14.9% | $611M |
| TENOR CAPITAL MANAGEMENT Co., L.P. | $8.2M | $10.42 | +$0 | +$8.2M | +5.6% | $1.50B |
| TWO SIGMA INVESTMENTS, LP | $8.2M | $10.42 | +$0 | +$8.2M | -0.9% | $117.03B |
| LMR Partners LLP | $7.9M | $10.42 | +$0 | +$7.9M | -2.0% | $8.84B |
| Westchester Capital Management, LLC | $7.2M | $10.18 | +$2.8M | +$7.2M | -4.4% | $2.07B |
| Crossingbridge Advisors, LLC | $6.5M | $10.25 | +$6.5M | +$6.5M | -0.1% | $492M |
| Parallax Volatility Advisers, L.P. | $6.5M | $10.25 | +$6.5M | +$6.5M | +1.5% | $2.03B |
| JPMORGAN CHASE & CO | $5.1M | $10.29 | +$4.0M | +$5.1M | -0.2% | $1.47T |
| HIGHBRIDGE CAPITAL MANAGEMENT LLC | $5.1M | $10.42 | +$0 | +$5.1M | -5.6% | $1.12B |
| Lineage Point Capital LP | $4.9M | $10.14 | +$0 | +$4.9M | +5.1% | $409M |
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
+1.21%
avg per quarter
Holders (ex-self)
+1.22%
excl. this stock
Buyers (this Q)
+0.87%
21 buyers · $0.05B in
Sellers (this Q)
+0.90%
11 sellers · $0.01B out
alpha coverage: 100% of $ has a lifetime-alpha record
Holder behavior (holder profile)source: holder
On big dips (−10%+)
-5.9%
how holders react when this stock falls
On quiet Qs
-2.5%
−10% to +10% baseline
On rallies (+10%+)
-17.2%
how they react when this stock rises
Holders' portfolio flow this Q
+11.6%
inflows — adds are organic
Sellers' portfolio flow this Q
+3.2%
Sellers grew AUM elsewhere — opinionated cut of this stock.
Biggest decreases this quarter
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUNDexited−$5.1MCANTOR FITZGERALD, L. P.exited−$4.5MFort Baker Capital Management LPexited−$3.6MSaba Capital Management, L.P.exited−$3.5MAlpine Global Management, LLCexited−$3.0MRangeley Capital, LLCexited−$2.9MAQR Arbitrage LLC−$532Kα-0.0HRT FINANCIAL LPexited−$191KUBS Group AGexited−$6K
New buyers this quarter
Top-5 holders · 30.0%
BERKLEY W R CORP--
Centiva Capital, LP--
Magnetar Financial LLC--
GLAZER CAPITAL, LLC--
LINDEN ADVISORS 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)
BERKLEY W R CORP1.8MGLAZER CAPITAL, LLC1.6MCentiva Capital, LP1.8MMagnetar Financial LLC1.6MAQR Arbitrage LLC1.1MLINDEN ADVISORS LP1.5MHudson Bay Capital Management LP1.3MPolar Asset Management Partners Inc.1.1MMOORE CAPITAL MANAGEMENT, LP1.0MHEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND—Vivaldi Asset Management, LLC352K
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Corporate
Order Flow (FINRA, ~3w lag)
19.2%retail-31.8pp
9.5%dark+7.1pp
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
Berto Acquisition Corp.: A Classic SPAC Dilution Machine with Consultant-Led Management
Overall Risk
7/10
Fraud
2/10
Dilution
10/10
Insolvency
4/10
Earnings Overstated
2/10
Hidden Liabilities
6/10
Legal
3/10
Audit Warnings
3/10
Hidden Upside
2/10
Contextually Acceptable
8/10