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Texas Ventures Acquisition III Corp: a joint Schedule 13G/A was filed reporting beneficial ownership stakes held by First Trust entities. As of March 31, 2026, First Trust Merger Arbitrage Fund 2 owned 536,129 shares (2.38%), and First Trust Capital Management L.P./affiliates reported 644,953 shares (2.87%).
The filing states these Reporting Persons have sole voting and sole dispositive power over the reported shares and that the holdings represent ownership of 5% or less of the class.
First Trust-affiliated entities jointly report positions in the issuer: 536,129 shares (2.38%) held by VARBX and 644,953 shares (2.87%) held by FTCM/FTCS/Sub GP as of March 31, 2026. The filing records sole voting and dispositive power for the reported shares.
Cash-flow treatment and sale intentions are not included; subsequent filings would specify any transactional activity. Ownership percentages indicate passive reporting under Schedule 13G/A rather than an active >5% control position.
Disclosure clarifies voting and dispositive authority for institutional holders
The joint filing identifies the reporting structure and addresses control relationships: FTCS and Sub GP are described as control persons of FTCM but "do not own any Ordinary Shares for their own accounts." The statement explains that FTCM acts as adviser to Client Accounts and may be deemed beneficial owner of those account holdings.
This filing is informational and records holdings; it does not announce transactions or changes to governance terms.
Key Figures
VARBX shares:536,129 sharesVARBX percent:2.38%FTCM/affiliates shares:644,953 shares+3 more
6 metrics
VARBX shares536,129 sharesowned by First Trust Merger Arbitrage Fund 2 as of March 31, 2026
VARBX percent2.38%percent of class for VARBX as of March 31, 2026
FTCM/affiliates shares644,953 sharesowned by First Trust Capital Management L.P. and affiliates as of March 31, 2026
FTCM/affiliates percent2.87%percent of class for FTCM/affiliates as of March 31, 2026
Reported as ofMarch 31, 2026beneficial ownership snapshot date
Key Terms
Schedule 13G/A, beneficial owner, sole dispositive power, control person
4 terms
Schedule 13G/Aregulatory
"a joint Schedule 13G/A was filed reporting beneficial ownership stakes"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficial ownerregulatory
"may thus be deemed the beneficial owner of any shares of the Issuer's Ordinary Shares held in the Client Accounts"
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 dispositive powerfinancial
"Sole Dispositive Power 536,129.00 for VARBX and 644,953.00 for FTCM"
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.
control personregulatory
"FTCS, a Delaware limited partnership and control person of FTCM"
A control person is an individual or entity that can significantly influence a company’s decisions and direction through ownership, voting power, or contractual rights—think of them as the captain who can steer the ship. Investors care because a control person’s choices affect corporate strategy, board appointments, and transactions that can raise or lower a stock’s value, and they often carry additional legal responsibilities and disclosure requirements to protect other shareholders.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Schedule 13G/A say about First Trust's holdings in Texas Ventures (TVA)?
It reports that First Trust Merger Arbitrage Fund 2 owns 536,129 shares (2.38%) and that First Trust Capital Management and affiliates own 644,953 shares (2.87%) as of March 31, 2026. The filing notes sole voting and dispositive power.
Do the First Trust entities claim control of Texas Ventures in this filing?
No controlling claim is made; the filing describes advisory and control relationships among First Trust entities and states the holdings represent ownership of 5% or less of the class, consistent with passive reporting under Schedule 13G/A.
Who has voting and disposition authority for the reported shares?
The filing states that the Reporting Persons have sole power to vote and sole power to dispose of the reported shares: VARBX 536,129 and FTCM/affiliates 644,953, with no shared voting or dispositive power listed.
What is the filing date and the as-of date for the reported holdings?
The signatures on the amendment are dated May 15, 2026, and the beneficial ownership figures are reported as of March 31, 2026 for the listed First Trust accounts and affiliates.
This Schedule 13G/A is being filed jointly by First Trust Merger Arbitrage Fund ("VARBX"), First Trust Capital Management L.P. ("FTCM"), First Trust Capital Solutions L.P. ("FTCS") and FTCS Sub GP LLC ("Sub GP").
(1) VARBX, a series of Investment Managers Series Trust II, an investment company registered under the Investment Company Act of 1940.
(2) FTCM, an investment adviser registered with the SEC that provides investment advisory services to, among others, (i) series of Investment Managers Series Trust II, an investment company registered under the Investment Company Act of 1940, specifically First Trust Multi-Strategy Fund and VARBX and (ii) Highland Capital Management Institutional Fund II, LLC, a Delaware limited liability company (collectively, the "Client Accounts").
(3) FTCS, a Delaware limited partnership and control person of FTCM.
(4) Sub GP, a Delaware limited liability company and control person of FTCM.
Each of the persons identified herein is referred to as a "Reporting Person" and, collectively, as the "Reporting Persons." Each of the Reporting Persons is a party to that certain Joint Filing Statement attached hereto.
(b)
Address or principal business office or, if none, residence:
The principal business address of FTCM, FTCS and Sub GP is 225 W. Wacker Drive, 21st Floor, Chicago, IL 60606. The principal business address of VARBX is 235 West Galena Street, Milwaukee, WI 53212.
(c)
Citizenship:
United States
(d)
Title of class of securities:
Class A Ordinary Shares, par value $0.0001 per share
(e)
CUSIP No.:
G8772L105
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:
As investment adviser to the Client Accounts, FTCM has the authority to invest the funds of the Client Accounts in securities (including Ordinary Shares of Texas Ventures Acquisition III Corp (the "Issuer")) as well as the authority to purchase, vote and dispose of securities, and may thus be deemed the beneficial owner of any shares of the Issuer's Ordinary Shares held in the Client Accounts. As of March 31, 2026 VARBX owned 536,129 shares of the outstanding Ordinary Shares of the Issuer, while FTCM, FTCS and Sub GP collectively owned 644,953 shares of the outstanding Ordinary Shares of the Issuer.
FTCS and Sub GP may be deemed to control FTCM and therefore may be deemed to be beneficial owners of the Ordinary Shares reported in this Schedule 13G/A. No one individual controls FTCS or Sub GP. FTCS and Sub GP do not own any Ordinary Shares of the Issuer for their own accounts.
(b)
Percent of class:
VARBX: 2.38%
FTCM, FTCS and Sub GP: 2.87%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
VARBX: 536129
FTCM, FTCS and Sub GP: 644953
(ii) Shared power to vote or to direct the vote:
VARBX: 0
FTCM, FTCS and Sub GP: 0
(iii) Sole power to dispose or to direct the disposition of:
VARBX: 536129
FTCM, FTCS and Sub GP: 644953
(iv) Shared power to dispose or to direct the disposition of:
VARBX: 0
FTCM, FTCS and Sub GP: 0
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
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.
See Item 4.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
See Item 2.
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.
