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BIII

Black Spade Acquisition III Co
BIII

31 hedge funds and large institutions have $112M invested in Black Spade Acquisition III Co in 2026 Q1 according to their latest regulatory filings, with 31 funds opening new positions, increasing their positions, reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

65.93% more ownership

Funds ownership: 0% → 65.93% (+66%)

Holders
31
Holders Change
+31
Holders Change %
–
% of All Funds
0.38%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
31
Increased
–
Reduced
–
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
AC
Aristeia Capital
Connecticut
+$10.9M
2
TCM
Tenor Capital Management
New York
+$9.91M
3
MF
Magnetar Financial
Illinois
+$9.91M
4
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
+$8.18M
5
AA
AQR Arbitrage
Connecticut
+$7.54M

Top Sellers

No sellers this quarter
Name Holding Trade Value Shares
Change 		Change in
Stake
AC
1
Aristeia Capital
Connecticut
$10.8M +$10.9M +1,100,000 New
MF
2
Magnetar Financial
Illinois
$9.86M +$9.91M +999,993 New
TCM
3
Tenor Capital Management
New York
$9.84M +$9.91M +1,000,000 New
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
4
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$8.12M +$8.18M +825,000 New
AA
5
AQR Arbitrage
Connecticut
$7.48M +$7.54M +760,440 New
AIMCA
6
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$4.92M +$4.96M +500,000 New
GCL
7
Glazer Capital LLC
New York
$4.92M +$4.96M +500,000 New
FBCM
8
Fort Baker Capital Management
California
$4.92M +$4.96M +500,000 New
BNP Paribas Financial Markets
9
BNP Paribas Financial Markets
France
$4.33M +$4.36M +439,560 New
PC
10
Periscope Capital
Ontario, Canada
$4.12M +$4.15M +418,800 New
SCM
11
Shaolin Capital Management
Florida
$3.93M +$3.96M +399,669 New
PMAM
12
Picton Mahoney Asset Management
Ontario, Canada
$3.69M +$3.72M +375,000 New
RCM
13
Radcliffe Capital Management
Pennsylvania
$3.44M +$3.47M +350,018 New
FTCM
14
First Trust Capital Management
Illinois
$3.44M +$3.47M +350,000 New
WA
15
Whitebox Advisors
Minnesota
$2.72M +$2.74M +276,200 New
WRBC
16
W.R. Berkley Corp
Connecticut
$2.69M +$2.71M +273,849 New
LA
17
Linden Advisors
New York
$2.46M +$2.48M +250,000 New
Hudson Bay Capital Management
18
Hudson Bay Capital Management
Connecticut
$2.21M +$2.23M +225,000 New
MTCM
19
Mint Tower Capital Management
Netherlands
$2.21M +$2.23M +225,000 New
Toronto Dominion Bank
20
Toronto Dominion Bank
Ontario, Canada
$2.1M +$2.11M +213,286 New
Two Sigma Investments
21
Two Sigma Investments
New York
$1.98M +$2M +201,517 New
CCM
22
Context Capital Management
California
$1.97M +$1.99M +200,601 New
CS
23
Clear Street
New York
$1.97M +$1.99M +200,421 New
MCM
24
Moore Capital Management
New York
$1.97M +$1.98M +200,000 New
Millennium Management
25
Millennium Management
New York
$1.48M +$1.49M +150,000 New
1
2

BIII Hedge Fund Activity: Q1 2026 in Review

31 of the 8,150 institutional investors tracked by Wall St. Rank reported a position in Black Spade Acquisition III Co (BIII) for Q1 2026, worth a combined $112M.

Buyers outnumbered sellers: 31 funds opened new BIII positions and 0 closed out — a net gain of 31 holders — while 0 added to existing stakes and 0 trimmed.

The largest buyer was Aristeia Capital, opening a new position worth an estimated $10.9M.

  • 31 institutional investors held Black Spade Acquisition III Co (BIII) as of Q1 2026, up from 0 in Q4 2025.
  • Funds reported $112M of Black Spade Acquisition III Co stock for Q1 2026.
  • 31 funds opened new Black Spade Acquisition III Co positions in Q1 2026 and 0 closed out, a net change of +31 holders.
  • The largest Black Spade Acquisition III Co buyer in Q1 2026 was Aristeia Capital, an estimated $10.9M added.

Based on aggregated 13F filings for Q1 2026.