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BIII.U

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.

New
Increased
Maintained
Reduced
Closed

47% less funds holding

Funds holding: 17 → 9 (-8)

50% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 4

60% less capital invested

Capital invested by funds: $37.8M → $15.1M (-$22.7M)

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 8

Holders
9
Holders Change
-8
Holders Change %
-47.06%
% of All Funds
0.11%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
–
Increased
2
Reduced
4
Closed
8
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
GCL
Glazer Capital LLC
New York
+$48.8K
2
Toronto Dominion Bank
Toronto Dominion Bank
Ontario, Canada
+$1.01K

Top Sellers

Rank Fund Capital Flow
1
Millennium Management
Millennium Management
New York
-$6M
2
SAMU
SONA Asset Management (US)
New York
-$6M
3
WC
Wealthspring Capital
New York
-$5.59M
4
MI
MMCAP International
Cayman Islands
-$2.5M
5
BI
Bulldog Investors
New Jersey
-$1.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
LP
1
LMR Partners
United Kingdom
$5.08M – – –
Toronto Dominion Bank
2
Toronto Dominion Bank
Ontario, Canada
$4.06M +$1.01K +100 +0%
OAC
3
OMERS Administration Corp
Ontario, Canada
$3.04M – – –
LPC
4
Lineage Point Capital
Florida
$1.67M – – –
GS
5
GTS Securities
Florida
$396K -$29.7K -2,943 -7%
QL
6
Quarry LP
New York
$353K -$26.2K -2,600 -7%
RC
7
RLH Capital
New York
$353K -$26.2K -2,600 -7%
GCL
8
Glazer Capital LLC
New York
$100K +$48.8K +4,836 +96%
CS
9
Clear Street
New York
$13.8K -$47.4K -4,699 -78%
Millennium Management
10
Millennium Management
New York
– -$6M -600,000 Closed
SAMU
11
SONA Asset Management (US)
New York
– -$6M -600,000 Closed
WC
12
Wealthspring Capital
New York
– -$5.59M -558,890 Closed
MI
13
MMCAP International
Cayman Islands
– -$2.5M -250,000 Closed
BI
14
Bulldog Investors
New Jersey
– -$1.5M -150,000 Closed
BFM
15
Boothbay Fund Management
New York
– -$750K -75,000 Closed
SSA
16
Schonfeld Strategic Advisors
New York
– -$523K -52,320 Closed
MF
17
Magnetar Financial
Illinois
– -$70 -7 Closed

BIII.U Hedge Fund Activity: Q2 2026 in Review

9 of the 8,279 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.