Black Spade Acquisition III Co Units
BIII.U
9 hedge funds and large institutions have $15.1M invested in Black Spade Acquisition III Co Units in 2026 Q2 according to their latest regulatory filings, with 0 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 8 closing their positions.
47% less funds holding
Funds holding: 17 → 9 (-8)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
100% less capital inflows, than outflows
Capital inflows: $49.8K | Capital outflows: $23M
100% less first-time investments, than exits
New positions opened: 0 | Existing positions closed: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Glazer Capital LLC
New York
|
+$48.8K |
| 2 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
+$1.01K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$6M |
| 2 |
SONA Asset Management (US)
New York
|
-$6M |
| 3 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$5.59M |
| 4 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
-$2.5M |
| 5 |
BI
Bulldog Investors
Saddle Brook,
New Jersey
|
-$1.5M |
BIII.U Hedge Fund Activity: Q2 2026 in Review
9 of the 8,358 institutional investors tracked by Wall St. Rank reported a position in Black Spade Acquisition III Co Units (BIII.U) for Q2 2026, worth a combined $15.1M — down 60% from $37.8M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BIII.U and 0 opened new positions — a net loss of 8 holders — while 4 trimmed existing stakes and 2 added.
The largest buyer was Glazer Capital LLC, adding an estimated $48.8K. The largest seller was Millennium Management, exiting entirely with an estimated $6M sold.
- 9 institutional investors held Black Spade Acquisition III Co Units (BIII.U) as of Q2 2026, down from 17 in Q1 2026.
- Funds reported $15.1M of Black Spade Acquisition III Co Units stock for Q2 2026, down 60% quarter-over-quarter.
- 0 funds opened new Black Spade Acquisition III Co Units positions in Q2 2026 and 8 closed out, a net change of -8 holders.
- The largest Black Spade Acquisition III Co Units buyer in Q2 2026 was Glazer Capital LLC, an estimated $48.8K added.
- The largest Black Spade Acquisition III Co Units seller in Q2 2026 was Millennium Management, an estimated $6M sold.
Based on aggregated 13F filings for Q2 2026.