Black Spade Acquisition Co
BSAQ
BSAQ was delisted on the 14th of August, 2023.
40 hedge funds and large institutions have $108M invested in Black Spade Acquisition Co in 2022 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 7 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
12% more capital invested
Capital invested by funds: $96.2M → $108M (+$11.8M)
5% less funds holding
Funds holding: 42 → 40 (-2)
29% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
NMC
Nine Masts Capital
Central,
Hong Kong
|
+$4.9M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$4.59M |
| 3 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
+$3.81M |
| 4 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$3.28M |
| 5 |
MSU
Mizuho Securities USA
New York
|
+$640K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HCM
Highbridge Capital Management
New York
|
-$3.27M |
| 2 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$1.96M |
| 3 |
DACS
Dymon Asia Capital (Singapore)
Singapore
|
-$993K |
| 4 |
PI
PEAK6 Investments
Chicago,
Illinois
|
-$979K |
| 5 |
GCM
Ghisallo Capital Management
Boston,
Massachusetts
|
-$608K |
BSAQ Hedge Fund Activity: Q4 2022 in Review
40 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Black Spade Acquisition Co (BSAQ) for Q4 2022, worth a combined $108M — up 12% from $96.2M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of BSAQ and 5 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 7 added.
The largest buyer was Nine Masts Capital, opening a new position worth an estimated $4.9M. The largest seller was Highbridge Capital Management, exiting entirely with an estimated $3.27M sold.
- 40 institutional investors held Black Spade Acquisition Co (BSAQ) as of Q4 2022, down from 42 in Q3 2022.
- Funds reported $108M of Black Spade Acquisition Co stock for Q4 2022, up 12% quarter-over-quarter.
- 5 funds opened new Black Spade Acquisition Co positions in Q4 2022 and 7 closed out, a net change of -2 holders.
- The largest Black Spade Acquisition Co buyer in Q4 2022 was Nine Masts Capital, an estimated $4.9M added.
- The largest Black Spade Acquisition Co seller in Q4 2022 was Highbridge Capital Management, an estimated $3.27M sold.
Based on aggregated 13F filings for Q4 2022.