The Balanced Investor Club

Shell Companies Industry Analysis

316 companies analyzed • Returns from -621.5% to +343.1% • Data through Mar 19, 2026

Company List (319 Results)

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Industry Performance

(316/316 companies)
2025-03-21 → 2026-03-19
Weighted Avg
+9.8%
Best
+343.1%
Worst
-621.5%
Returns Distribution
Top 5
1. ENCP+343.1%2. SVIIW+297.2%3. HONDW+269.4%4. WLACW+259.4%5. CCCXW+241.3%
Bottom 5
1. FORLW-621.5%2. NETDW-584.1%3. BRRWW-149.4%4. RTACW-138.6%5. GDSTW-138.5%

ENCP

+343.1%

Energem Corp

SVIIW

+297.2%

Spring Valley Acquisition Corp. II Warrant

HONDW

+269.4%

HCM II Acquisition Corp.

WLACW

+259.4%

Willow Lane Acquisition Corp. Warrants

CCCXW

+241.3%

Churchill Capital Corp X Warrants

VCICW

+176.3%

Vine Hill Capital Investment Corp. Warrant

ATMCW

+172.4%

AlphaTime Acquisition Corp Warrant

LOKVW

+160.9%

Live Oak Acquisition Corp. V Warrants

GIGGW

+153.4%

GigCapital7 Corp.

RAAQW

+145.9%

Real Asset Acquisition Corp.

BCARW

+137.2%

D. Boral ARC Acquisition I Corp. Warrant

PLMKW

+123.5%

Plum Acquisition Corp. IV Warrants

IROHW

+116.4%

Iron Horse Acquisitions Corp. Warrant

GATE

+113.4%

Marblegate Acquisition Corp

HSPOW

+105.7%

Horizon Space Acquisition I Corp. Warrant

TVACW

+99.9%

Thayer Ventures Acquisition Corporation

CGCTW

+98.1%

Cartesian Growth Corporation III Warrant

GATEU

+92.5%

Marblegate Acquisition Corp Unit

ATIIW

+91.5%

Archimedes Tech SPAC Partners II Co. Warrant

SIMAW

+89.9%

SIM Acquisition Corp. I Warrant

1–20 of 319
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Methodology

The Weighted Average return (+9.8%) is calculated using market capitalization as weights. This gives larger companies more influence on the average, providing a more market-representative view.

135 companies with market cap data included: ENCP, GATE, TVACW, AFJK, HONDU, GSRT, MBAVW, LION, BOWN, CEP and 125 more...

Educational content · Not investment advice or recommendations

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