Black Hawk Acquisition Corp
BKHA
28 hedge funds and large institutions have $62.3M invested in Black Hawk Acquisition Corp in 2025 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 5 reducing their positions, and 4 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
0% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 5
5.65% less ownership
Funds ownership: 71.39% → 65.74% (-5.7%)
7% less funds holding
Funds holding: 30 → 28 (-2)
7% less capital invested
Capital invested by funds: $67.1M → $62.3M (-$4.76M)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$954K |
| 2 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$259K |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$32K |
| 4 |
CS
Clear Street
New York
|
+$27.6K |
| 5 |
PCM
PenderFund Capital Management
Vancouver,
British Columbia, Canada
|
+$10.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
|
-$2.97M |
| 2 |
WA
Whitebox Advisors
Minneapolis,
Minnesota
|
-$1.32M |
| 3 |
Verition Fund Management
Greenwich,
Connecticut
|
-$804K |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$646K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$473K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
PCM
26
PenderFund Capital Management
Vancouver,
British Columbia, Canada
| $10.3K | +$10.3K | +967 | New |
|
27
UBS Group
Zurich,
Switzerland
| $5.42K | – | – | – |
|
28
Morgan Stanley
New York
| $425 | +$297 | +28 | +233% |
|
|
29
Toronto Dominion Bank
Toronto, Ontario,
Ontario, Canada
| – | -$2.97M | -282,130 | Closed |
|
|
WA
30
Whitebox Advisors
Minneapolis,
Minnesota
| – | -$1.32M | -125,000 | Closed |
|
|
31
Verition Fund Management
Greenwich,
Connecticut
| – | -$804K | -76,300 | Closed |
|
|
TI
32
TrueMark Investments
Chicago,
Illinois
| – | -$208K | -19,755 | Closed |
|
BKHA Hedge Fund Activity: Q2 2025 in Review
28 of the 7,598 institutional investors tracked by Wall St. Rank reported a position in Black Hawk Acquisition Corp (BKHA) for Q2 2025, worth a combined $62.3M — down 7.1% from $67.1M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of BKHA and 2 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 5 added.
The largest buyer was Yakira Capital Management, opening a new position worth an estimated $954K. The largest seller was Toronto Dominion Bank, exiting entirely with an estimated $2.97M sold.
- 28 institutional investors held Black Hawk Acquisition Corp (BKHA) as of Q2 2025, down from 30 in Q1 2025.
- Funds reported $62.3M of Black Hawk Acquisition Corp stock for Q2 2025, down 7.1% quarter-over-quarter.
- 2 funds opened new Black Hawk Acquisition Corp positions in Q2 2025 and 4 closed out, a net change of -2 holders.
- The largest Black Hawk Acquisition Corp buyer in Q2 2025 was Yakira Capital Management, an estimated $954K added.
- The largest Black Hawk Acquisition Corp seller in Q2 2025 was Toronto Dominion Bank, an estimated $2.97M sold.
Based on aggregated 13F filings for Q2 2025.