Black Spade Acquisition III Co
BIII
40 hedge funds and large institutions have $137M invested in Black Spade Acquisition III Co in 2026 Q2 according to their latest regulatory filings, with 10 funds opening new positions, 6 increasing their positions, 4 reducing their positions, and 1 closing their positions.
900% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 1
50% more repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 4
29% more funds holding
Funds holding: 31 → 40 (+9)
23% more capital invested
Capital invested by funds: $112M → $137M (+$25.5M)
14.12% more ownership
Funds ownership: 65.93% → 80.05% (+14%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$5.94M |
| 2 |
SAMU
SONA Asset Management (US)
New York
|
+$5.94M |
| 3 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$5.46M |
| 4 |
MI
MMCAP International
Grand Cayman,
Cayman Islands
|
+$2.47M |
| 5 |
FBCM
Fort Baker Capital Management
Larkspur,
California
|
+$1.98M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$2.1M |
| 2 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$1.16M |
| 3 |
CS
Clear Street
New York
|
-$223K |
| 4 |
VF
Virtu Financial
New York
|
-$57.4K |
| 5 |
Parallax Volatility Advisers
San Francisco,
California
|
-$10 |
BIII Hedge Fund Activity: Q2 2026 in Review
40 of the 8,305 institutional investors tracked by Wall St. Rank reported a position in Black Spade Acquisition III Co (BIII) for Q2 2026, worth a combined $137M — up 23% from $112M a quarter earlier.
Buyers outnumbered sellers: 10 funds opened new BIII positions and 1 closed out — a net gain of 9 holders — while 6 added to existing stakes and 4 trimmed.
The largest buyer was Millennium Management, adding an estimated $5.94M. The largest seller was Toronto Dominion Bank, exiting entirely with an estimated $2.1M sold.
- 40 institutional investors held Black Spade Acquisition III Co (BIII) as of Q2 2026, up from 31 in Q1 2026.
- Funds reported $137M of Black Spade Acquisition III Co stock for Q2 2026, up 23% quarter-over-quarter.
- 10 funds opened new Black Spade Acquisition III Co positions in Q2 2026 and 1 closed out, a net change of +9 holders.
- The largest Black Spade Acquisition III Co buyer in Q2 2026 was Millennium Management, an estimated $5.94M added.
- The largest Black Spade Acquisition III Co seller in Q2 2026 was Toronto Dominion Bank, an estimated $2.1M sold.
Based on aggregated 13F filings for Q2 2026.