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BSAA

BEST SPAC I Acquisition Corp
BSAA

28 hedge funds and large institutions have $43.3M invested in BEST SPAC I Acquisition Corp in 2025 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 7 increasing their positions, 3 reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

133% more repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 3

47% more funds holding

Funds holding: 19 → 28 (+9)

23% more capital invested

Capital invested by funds: $35.1M → $43.3M (+$8.2M)

12.98% more ownership

Funds ownership: 58.19% → 71.16% (+13%)

Holders
28
Holders Change
+9
Holders Change %
+47.37%
% of All Funds
0.34%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
9
Increased
7
Reduced
3
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
HCM
Heights Capital Management
California
+$1.77M
2
BFM
Boothbay Fund Management
New York
+$1.64M
3
WAM
Wolverine Asset Management
Illinois
+$1.51M
4
KIM
Karpus Investment Management
New York
+$1.08M
5
AC
Aristeia Capital
Connecticut
+$960K

Top Sellers

Rank Fund Capital Flow
1
MP
Mangrove Partners
Connecticut
-$1.08M
2
CS
Clear Street
New York
-$386K
3
MSU
Mizuho Securities USA
New York
-$83.9K
Name Holding Trade Value Shares
Change 		Change in
Stake
MSU
1
Mizuho Securities USA
New York
$5.36M -$83.9K -8,301 -2%
WAM
2
Wolverine Asset Management
Illinois
$5.33M +$1.51M +149,612 +40%
RCM
3
Rivernorth Capital Management
Florida
$4.04M – – –
WRBC
4
W.R. Berkley Corp
Connecticut
$3.29M +$269K +26,672 +9%
Hudson Bay Capital Management
5
Hudson Bay Capital Management
Connecticut
$2.79M – – –
SCM
6
Shaolin Capital Management
Florida
$2.26M +$234K +23,207 +12%
GCL
7
Glazer Capital LLC
New York
$2.05M +$547K +54,136 +36%
PAMP
8
Polar Asset Management Partners
Ontario, Canada
$1.87M – – –
HCM
9
Heights Capital Management
California
$1.77M +$1.77M +175,000 New
KIM
10
Karpus Investment Management
New York
$1.73M +$1.08M +106,500 +165%
RCM
11
Radcliffe Capital Management
Pennsylvania
$1.72M – – –
MP
12
Mangrove Partners
Connecticut
$1.66M -$1.08M -107,038 -40%
BFM
13
Boothbay Fund Management
New York
$1.65M +$1.64M +162,500 New
CS
14
Clear Street
New York
$1.64M -$386K -38,232 -19%
MI
15
MMCAP International
Cayman Islands
$1.27M – – –
AA
16
AQR Arbitrage
Connecticut
$1.16M – – –
AC
17
Aristeia Capital
Connecticut
$962K +$960K +95,000 New
LGM
18
L1 Global Manager
$507K +$505K +50,000 New
WCMNY
19
Westchester Capital Management (New York)
New York
$507K +$505K +50,000 New
MTCM
20
Mint Tower Capital Management
Netherlands
$456K – – –
DWM
21
Dakota Wealth Management
Florida
$376K +$89.4K +8,850 +31%
BNP Paribas Financial Markets
22
BNP Paribas Financial Markets
France
$363K – – –
CC
23
Centiva Capital
New York
$253K – – –
Susquehanna International Group
24
Susquehanna International Group
Pennsylvania
$150K +$150K +14,821 New
PCM
25
PenderFund Capital Management
British Columbia, Canada
$120K +$119K +11,800 New
1
2

BSAA Hedge Fund Activity: Q4 2025 in Review

28 of the 8,256 institutional investors tracked by Wall St. Rank reported a position in BEST SPAC I Acquisition Corp (BSAA) for Q4 2025, worth a combined $43.3M — up 23% from $35.1M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new BSAA positions and 0 closed out — a net gain of 9 holders — while 7 added to existing stakes and 3 trimmed.

The largest buyer was Heights Capital Management, opening a new position worth an estimated $1.77M. The largest seller was Mangrove Partners, cutting an estimated $1.08M.

  • 28 institutional investors held BEST SPAC I Acquisition Corp (BSAA) as of Q4 2025, up from 19 in Q3 2025.
  • Funds reported $43.3M of BEST SPAC I Acquisition Corp stock for Q4 2025, up 23% quarter-over-quarter.
  • 9 funds opened new BEST SPAC I Acquisition Corp positions in Q4 2025 and 0 closed out, a net change of +9 holders.
  • The largest BEST SPAC I Acquisition Corp buyer in Q4 2025 was Heights Capital Management, an estimated $1.77M added.
  • The largest BEST SPAC I Acquisition Corp seller in Q4 2025 was Mangrove Partners, an estimated $1.08M sold.

Based on aggregated 13F filings for Q4 2025.