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Balyasny Asset Management and affiliated entities reported a significant ownership position in Helix Acquisition Corp. III Class A Common Stock. Through Atlas Diversified Master Fund, Ltd., they are deemed to beneficially own 1,236,709 shares of Class A Common Stock.
This stake represents approximately 6.97% of the outstanding Class A shares, based on 17,747,500 shares outstanding as of May 15, 2026. Each of the reporting persons is attributed sole voting and sole dispositive power over the 1,236,709 shares, with no shared voting or dispositive power, while dividends and sale proceeds are ultimately for the benefit of Atlas Diversified Master Fund, Ltd.
Key Figures
Beneficially owned shares:1,236,709 sharesOwnership percentage:6.97%Shares outstanding:17,747,500 shares+2 more
5 metrics
Beneficially owned shares1,236,709 sharesClass A Common Stock beneficially owned by the reporting persons
Ownership percentage6.97%Percent of Class A Common Stock beneficially owned
Shares outstanding17,747,500 sharesClass A Common Stock outstanding as of May 15, 2026
Sole voting power1,236,709 sharesShares over which each reporting person has sole voting power
Sole dispositive power1,236,709 sharesShares over which each reporting person has sole dispositive power
Key Terms
beneficial owner, sole voting power, sole dispositive power, investment manager, +1 more
5 terms
beneficial ownerfinancial
"Each of the Reporting Persons may be deemed to be the beneficial owner of approximately 6.97%"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
sole voting powerfinancial
"Each of the Reporting Persons has the sole power to vote or to direct the vote of 1236709 shares."
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
sole dispositive powerfinancial
"Each of the Reporting Persons has the sole power to dispose or to direct the disposition of 1236709 shares."
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
investment managerfinancial
"By virtue of its position as the investment manager of Atlas Diversified Master Fund, Ltd."
exempted companyfinancial
"ADMF is a Cayman Islands exempted company that is an investment management client of BAM"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Helix Acquisition Corp. III (HLXC) does Balyasny Asset Management report owning?
Balyasny Asset Management and affiliates report beneficial ownership of approximately 6.97% of Helix Acquisition Corp. III’s Class A Common Stock, calculated using 17,747,500 shares outstanding as of May 15, 2026.
How many HLXC Class A shares does Balyasny Asset Management beneficially own?
Balyasny Asset Management and related entities are deemed to beneficially own 1,236,709 shares of Helix Acquisition Corp. III Class A Common Stock, held directly by Atlas Diversified Master Fund, Ltd. as disclosed in the filing.
Who directly holds the Helix Acquisition Corp. III (HLXC) shares for Balyasny Asset Management?
The 1,236,709 HLXC shares are directly held by Atlas Diversified Master Fund, Ltd., a Cayman Islands exempted company and investment management client of Balyasny Asset Management, which has the right to receive dividends and sale proceeds.
What voting and dispositive powers does Balyasny Asset Management have over HLXC shares?
Each reporting person is attributed sole power to vote and dispose of 1,236,709 HLXC shares, with no shared voting or dispositive power, reflecting control over how these shares are voted and traded.
Which entities are included as reporting persons in the HLXC Schedule 13G/A?
Reporting persons are Balyasny Asset Management L.P., BAM GP LLC, Balyasny Asset Management Holdings LP, Dames GP LLC, and Dmitry Balyasny, linked through general partner and managing member relationships.
What is the basis for Balyasny Asset Management’s beneficial ownership of HLXC shares?
Beneficial ownership arises because Balyasny Asset Management, as investment manager to Atlas Diversified Master Fund, Ltd., and its affiliated control entities may be deemed to exercise voting and investment power over the 1,236,709 shares.
This statement is being filed by (1) Balyasny Asset Management L.P., a Delaware limited partnership ("BAM"), (2) BAM GP LLC, a Delaware limited liability company ("BAM GP"), (3) Balyasny Asset Management Holdings LP, a Delaware limited partnership ("BAM Holdings"), (4) Dames GP LLC, a Delaware limited liability company ("Dames"), and (5) Dmitry Balyasny, a United States citizen (collectively, the "Reporting Persons"). BAM GP is the General Partner of BAM. BAM Holdings is the Sole Member of BAM GP. Dames is the General Partner of BAM Holdings. Dmitry Balyasny is the Managing Member of Dames.
(b)
Address or principal business office or, if none, residence:
The principal business address of each of BAM, BAM GP, BAM Holdings, Dames, and Mr. Balyasny is located at 444 West Lake Street, 50th Floor, Chicago, IL 60606.
(c)
Citizenship:
(1) BAM is a Delaware limited partnership, (2) BAM GP is a Delaware limited liability company, (3) BAM Holdings is a Delaware limited partnership, (4) Dames is a Delaware limited liability company, and (5) Mr. Balyasny is a United States citizen.
(d)
Title of class of securities:
Class A Common Stock
(e)
CUSIP No.:
69349H107
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
By virtue of its position as the investment manager of Atlas Diversified Master Fund, Ltd. ("ADMF"), the direct holder of the 1,236,709 shares of Class A Common Stock, $.0001 par value per share ("Shares"), reported herein, BAM may be deemed to exercise voting and investment power over such Shares held by ADMF and thus may be deemed to beneficially own such Shares. By virtue of its position as the General Partner of BAM, BAM GP may be deemed to exercise voting and investment power over the Shares held directly by ADMF and thus may be deemed to beneficially own such Shares. By virtue of its position as the Sole Member of BAM GP, BAM Holdings may be deemed to exercise voting and investment power over the Shares held directly by ADMF and thus may be deemed to beneficially own such Shares. By virtue of its position as the General Partner of BAM Holdings, Dames may be deemed to exercise voting and investment power over the Shares held directly by ADMF and thus may be deemed to beneficially own such Shares. By virtue of his position as the Managing Member of Dames, Mr. Balyasny may be deemed to exercise voting and investment power over the Shares held directly by ADMF and thus may be deemed to beneficially own such Shares.
(b)
Percent of class:
Each of the Reporting Persons may be deemed to be the beneficial owner of approximately 6.97% of the Shares, based on 17,747,500 Shares outstanding as of May 15, 2026 as reported in the Issuer's 10-Q filed with the Securities and Exchange Commission on May 15, 2026.
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Each of the Reporting Persons has the sole power to vote or to direct the vote of 1236709 shares.
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
Each of the Reporting Persons has the sole power to dispose or to direct the disposition of 1236709 shares.
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
ADMF is a Cayman Islands exempted company that is an investment management client of BAM, and has the right to receive dividends from, or the proceeds from the sale of, the reported securities.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
