Black Spade Acquisition Co
BSAQ
BSAQ was delisted on the 14th of August, 2023.
45 hedge funds and large institutions have $140M invested in Black Spade Acquisition Co in 2023 Q2 according to their latest regulatory filings, with 15 funds opening new positions, 11 increasing their positions, 7 reducing their positions, and 14 closing their positions.
57% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 7
16% more capital invested
Capital invested by funds: $120M → $140M (+$19.2M)
2% more funds holding
Funds holding: 44 → 45 (+1)
7% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 14
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$8.11M |
| 2 |
KL
KIM LLC
Wichita,
Kansas
|
+$4.17M |
| 3 |
BCL
Bracebridge Capital LLC
Boston,
Massachusetts
|
+$4.12M |
| 4 |
MSU
Mizuho Securities USA
New York
|
+$3.88M |
| 5 |
FSI
Flow State Investments
Chicago,
Illinois
|
+$3.81M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CF
Cantor Fitzgerald
New York
|
-$12.9M |
| 2 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
-$3.94M |
| 3 |
DACS
Dymon Asia Capital (Singapore)
Singapore
|
-$2.05M |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$1.62M |
| 5 |
Marshall Wace
London,
United Kingdom
|
-$1.32M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
JP Morgan Chase
New York
| – | -$1.03M | -100,000 | Closed |
|
|
SCM
52
Shaolin Capital Management
Miami,
Florida
| – | -$972K | -94,606 | Closed |
|
|
KIM
53
Karpus Investment Management
Pittsford,
New York
| – | -$927K | -90,275 | Closed |
|
54
Hudson Bay Capital Management
Stamford,
Connecticut
| – | -$257K | -25,000 | Closed |
|
|
WC
55
Wealthspring Capital
West Harrison,
New York
| – | -$255K | -24,850 | Closed |
|
|
CC
56
Centiva Capital
New York
| – | -$249K | -24,253 | Closed |
|
|
SSA
57
Schonfeld Strategic Advisors
New York
| – | -$205K | -20,000 | Closed |
|
|
SG
58
StoneX Group
New York
| – | -$137K | -13,320 | Closed |
|
|
CCM
59
Condor Capital Management
Martinsville,
New Jersey
| – | -$104K | -10,170 | Closed |
|
BSAQ Hedge Fund Activity: Q2 2023 in Review
45 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Black Spade Acquisition Co (BSAQ) for Q2 2023, worth a combined $140M — up 16% from $120M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new BSAQ positions and 14 closed out — a net gain of 1 holder — while 11 added to existing stakes and 7 trimmed.
The largest buyer was First Trust Capital Management, adding an estimated $8.11M. The largest seller was Cantor Fitzgerald, exiting entirely with an estimated $12.9M sold.
- 45 institutional investors held Black Spade Acquisition Co (BSAQ) as of Q2 2023, up from 44 in Q1 2023.
- Funds reported $140M of Black Spade Acquisition Co stock for Q2 2023, up 16% quarter-over-quarter.
- 15 funds opened new Black Spade Acquisition Co positions in Q2 2023 and 14 closed out, a net change of +1 holder.
- The largest Black Spade Acquisition Co buyer in Q2 2023 was First Trust Capital Management, an estimated $8.11M added.
- The largest Black Spade Acquisition Co seller in Q2 2023 was Cantor Fitzgerald, an estimated $12.9M sold.
Based on aggregated 13F filings for Q2 2023.