Black Spade Acquisition Co
BSAQ
BSAQ was delisted on the 14th of August, 2023.
44 hedge funds and large institutions have $120M invested in Black Spade Acquisition Co in 2023 Q1 according to their latest regulatory filings, with 9 funds opening new positions, 10 increasing their positions, 10 reducing their positions, and 4 closing their positions.
125% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 4
11% more capital invested
Capital invested by funds: $108M → $120M (+$12.4M)
10% more funds holding
Funds holding: 40 → 44 (+4)
0% more funds holding in top 10
Funds holding in top 10: 3 → 3 (0)
0% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 10
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$6.3M |
| 2 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$6.28M |
| 3 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$4.87M |
| 4 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$3.27M |
| 5 |
GCL
Glazer Capital LLC
New York
|
+$2.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$5.41M |
| 2 |
TCA
Taconic Capital Advisors
New York
|
-$4.3M |
| 3 |
SC
Sculptor Capital
New York
|
-$3.23M |
| 4 |
Marshall Wace
London,
United Kingdom
|
-$2.45M |
| 5 |
GCM
Ghisallo Capital Management
Boston,
Massachusetts
|
-$502K |
BSAQ Hedge Fund Activity: Q1 2023 in Review
44 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Black Spade Acquisition Co (BSAQ) for Q1 2023, worth a combined $120M — up 11% from $108M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new BSAQ positions and 4 closed out — a net gain of 5 holders — while 10 added to existing stakes and 10 trimmed.
The largest buyer was First Trust Capital Management, adding an estimated $6.3M. The largest seller was Millennium Management, cutting an estimated $5.41M.
- 44 institutional investors held Black Spade Acquisition Co (BSAQ) as of Q1 2023, up from 40 in Q4 2022.
- Funds reported $120M of Black Spade Acquisition Co stock for Q1 2023, up 11% quarter-over-quarter.
- 9 funds opened new Black Spade Acquisition Co positions in Q1 2023 and 4 closed out, a net change of +5 holders.
- The largest Black Spade Acquisition Co buyer in Q1 2023 was First Trust Capital Management, an estimated $6.3M added.
- The largest Black Spade Acquisition Co seller in Q1 2023 was Millennium Management, an estimated $5.41M sold.
Based on aggregated 13F filings for Q1 2023.