Black Hawk Acquisition Corp
BKHA
30 hedge funds and large institutions have $67.1M invested in Black Hawk Acquisition Corp in 2025 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 2 increasing their positions, 4 reducing their positions, and 3 closing their positions.
33% more first-time investments, than exits
New positions opened: 4 | Existing positions closed: 3
3% more funds holding
Funds holding: 29 → 30 (+1)
1.81% more ownership
Funds ownership: 69.58% → 71.39% (+1.8%)
4% more capital invested
Capital invested by funds: $64.4M → $67.1M (+$2.64M)
50% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$3.14M |
| 2 |
MSU
Mizuho Securities USA
New York
|
+$825K |
| 3 |
CS
Clear Street
New York
|
+$512K |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$339K |
| 5 |
GF
Gabelli Funds
Rye,
New York
|
+$235K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$2.08M |
| 2 |
FTCM
Fir Tree Capital Management
New York
|
-$779K |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$168K |
| 4 |
ACM
ADAR1 Capital Management
Austin,
Texas
|
-$156K |
| 5 |
RCM
Rivernorth Capital Management
West Palm Beach,
Florida
|
-$146K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GF
26
Gabelli Funds
Rye,
New York
| $237K | +$235K | +22,481 | New |
|
|
TI
27
TrueMark Investments
Chicago,
Illinois
| $208K | – | – | – |
|
|
SIA
28
SkyView Investment Advisors
Shrewsbury,
New Jersey
| $107K | – | – | – |
|
29
UBS Group
Zurich,
Switzerland
| $5.37K | – | – | – |
|
30
Morgan Stanley
New York
| $126 | +$125 | +12 | New |
|
|
FTCM
31
Fir Tree Capital Management
New York
| – | -$779K | -75,000 | Closed |
|
|
ACM
32
ADAR1 Capital Management
Austin,
Texas
| – | -$156K | -15,000 | Closed |
|
|
TRCT
33
Tower Research Capital (TRC)
New York
| – | -$602 | -58 | Closed |
|
BKHA Hedge Fund Activity: Q1 2025 in Review
30 of the 7,461 institutional investors tracked by Wall St. Rank reported a position in Black Hawk Acquisition Corp (BKHA) for Q1 2025, worth a combined $67.1M — up 4.1% from $64.4M a quarter earlier.
Buyers outnumbered sellers: 4 funds opened new BKHA positions and 3 closed out — a net gain of 1 holder — while 2 added to existing stakes and 4 trimmed.
The largest buyer was Westchester Capital Management (New York), opening a new position worth an estimated $3.14M. The largest seller was Toronto Dominion Bank, cutting an estimated $2.08M.
- 30 institutional investors held Black Hawk Acquisition Corp (BKHA) as of Q1 2025, up from 29 in Q4 2024.
- Funds reported $67.1M of Black Hawk Acquisition Corp stock for Q1 2025, up 4.1% quarter-over-quarter.
- 4 funds opened new Black Hawk Acquisition Corp positions in Q1 2025 and 3 closed out, a net change of +1 holder.
- The largest Black Hawk Acquisition Corp buyer in Q1 2025 was Westchester Capital Management (New York), an estimated $3.14M added.
- The largest Black Hawk Acquisition Corp seller in Q1 2025 was Toronto Dominion Bank, an estimated $2.08M sold.
Based on aggregated 13F filings for Q1 2025.