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BKHA

Black Hawk Acquisition Corp
BKHA

20 hedge funds and large institutions have $21.7M invested in Black Hawk Acquisition Corp in 2025 Q4 according to their latest regulatory filings, with 0 funds opening new positions, 6 increasing their positions, 3 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 3

23.44% more ownership

Funds ownership: 23.11% → 46.55% (+23%)

5% less capital invested

Capital invested by funds: $22.9M → $21.7M (-$1.21M)

9% less funds holding

Funds holding: 22 → 20 (-2)

100% less first-time investments, than exits

New positions opened: 0 | Existing positions closed: 1

Holders
20
Holders Change
-2
Holders Change %
-9.09%
% of All Funds
0.24%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
–
Increased
6
Reduced
3
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CS
Clear Street
New York
+$69.5K
2
WRBC
W.R. Berkley Corp
Connecticut
+$6.21K
3
QL
Quarry LP
New York
+$5.96K
4
CA
Crossingbridge Advisors
New York
+$1.56K
5
MSU
Mizuho Securities USA
New York
+$575

Top Sellers

Rank Fund Capital Flow
1
WAM
Wolverine Asset Management
Illinois
-$161K
2
WAM
Warberg Asset Management
Illinois
-$21.5K
3
PCM
PenderFund Capital Management
British Columbia, Canada
-$10.8K
4
UBS Group
UBS Group
Switzerland
-$3.5K
Name Holding Trade Value Shares
Change 		Change in
Stake
MSU
1
Mizuho Securities USA
New York
$4.12M +$575 +51 +0%
WAM
2
Wolverine Asset Management
Illinois
$3.88M -$161K -14,298 -4%
WRBC
3
W.R. Berkley Corp
Connecticut
$3.48M +$6.21K +550 +0.2%
AA
4
AQR Arbitrage
Connecticut
$1.57M – – –
BFM
5
Boothbay Fund Management
New York
$1.35M – – –
WCMNY
6
Westchester Capital Management (New York)
New York
$1.15M – – –
MC
7
Meteora Capital
Florida
$1.13M – – –
YCM
8
Yakira Capital Management
Connecticut
$1.01M – – –
D.E. Shaw & Co
9
D.E. Shaw & Co
New York
$844K – – –
WAM
10
Warberg Asset Management
Illinois
$814K -$21.5K -1,907 -3%
CS
11
Clear Street
New York
$664K +$69.5K +6,158 +12%
CA
12
Crossingbridge Advisors
New York
$597K +$1.56K +138 +0.3%
PAMP
13
Polar Asset Management Partners
Ontario, Canada
$440K – – –
Calamos Advisors
14
Calamos Advisors
Illinois
$277K – – –
Goldman Sachs
15
Goldman Sachs
New York
$120K – – –
QL
16
Quarry LP
New York
$118K +$5.96K +528 +5%
SIA
17
SkyView Investment Advisors
New Jersey
$113K – – –
Toronto Dominion Bank
18
Toronto Dominion Bank
Ontario, Canada
$2.26K – – –
UBS Group
19
UBS Group
Switzerland
$2.25K -$3.5K -310 -61%
Morgan Stanley
20
Morgan Stanley
New York
$540 +$34 +3 +7%
PCM
21
PenderFund Capital Management
British Columbia, Canada
– -$10.8K -967 Closed

BKHA Hedge Fund Activity: Q4 2025 in Review

20 of the 8,238 institutional investors tracked by Wall St. Rank reported a position in Black Hawk Acquisition Corp (BKHA) for Q4 2025, worth a combined $21.7M — down 5.3% from $22.9M a quarter earlier.

Sellers outnumbered buyers: 1 fund closed out of BKHA and 0 opened new positions — a net loss of 1 holder — while 3 trimmed existing stakes and 6 added.

The largest buyer was Clear Street, adding an estimated $69.5K. The largest seller was Wolverine Asset Management, cutting an estimated $161K.

  • 20 institutional investors held Black Hawk Acquisition Corp (BKHA) as of Q4 2025, down from 22 in Q3 2025.
  • Funds reported $21.7M of Black Hawk Acquisition Corp stock for Q4 2025, down 5.3% quarter-over-quarter.
  • 0 funds opened new Black Hawk Acquisition Corp positions in Q4 2025 and 1 closed out, a net change of -1 holder.
  • The largest Black Hawk Acquisition Corp buyer in Q4 2025 was Clear Street, an estimated $69.5K added.
  • The largest Black Hawk Acquisition Corp seller in Q4 2025 was Wolverine Asset Management, an estimated $161K sold.

Based on aggregated 13F filings for Q4 2025.