Black Spade Acquisition Co Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
BSAQ.U
BSAQ.U was delisted on the 14th of August, 2023.
22 hedge funds and large institutions have $51.8M invested in Black Spade Acquisition Co Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant in 2021 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 2 increasing their positions, 7 reducing their positions, and 13 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
17% less capital invested
Capital invested by funds: $62.7M → $51.8M (-$10.9M)
27% less funds holding
Funds holding: 30 → 22 (-8)
62% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 13
71% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 7
Top Buyers
| 1 |
Citigroup
New York
|
+$1.88M |
| 2 |
Walleye Capital
New York
|
+$170K |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$67.1K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$802 |
Top Sellers
| 1 |
Millennium Management
New York
|
-$3.65M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$2.48M |
| 3 |
DACS
Dymon Asia Capital (Singapore)
Singapore
|
-$2M |
| 4 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$1.98M |
| 5 |
AC
Antara Capital
New York
|
-$1.49M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AC
26
Antara Capital
New York
| – | -$1.49M | -150,000 | Closed |
|
|
VF
27
Virtu Financial
New York
| – | -$1.15M | -115,416 | Closed |
|
|
GCM
28
Ghisallo Capital Management
Boston,
Massachusetts
| – | -$1.1M | -111,204 | Closed |
|
|
PI
29
PEAK6 Investments
Chicago,
Illinois
| – | -$992K | -100,000 | Closed |
|
30
JP Morgan Chase
New York
| – | -$991K | -99,926 | Closed |
|
|
OMC
31
Oasis Management Company
Grand Cayman,
Cayman Islands
| – | -$710K | -71,573 | Closed |
|
|
TCA
32
Taconic Capital Advisors
New York
| – | -$505K | -50,868 | Closed |
|
|
LP
33
LMR Partners
London,
United Kingdom
| – | -$307K | -30,926 | Closed |
|
|
SC
34
Sculptor Capital
New York
| – | -$72K | -7,294 | Closed |
|
|
GCL
35
Glazer Capital LLC
New York
| – | -$49K | -4,943 | Closed |
|
BSAQ.U Hedge Fund Activity: Q4 2021 in Review
22 of the 6,498 institutional investors tracked by Wall St. Rank reported a position in Black Spade Acquisition Co Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant (BSAQ.U) for Q4 2021, worth a combined $51.8M — down 17% from $62.7M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of BSAQ.U and 5 opened new positions — a net loss of 8 holders — while 7 trimmed existing stakes and 2 added.
The largest buyer was Citigroup, adding an estimated $1.88M. The largest seller was Millennium Management, exiting entirely with an estimated $3.65M sold.
- 22 institutional investors held Black Spade Acquisition Co Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant (BSAQ.U) as of Q4 2021, down from 30 in Q3 2021.
- Funds reported $51.8M of Black Spade Acquisition Co Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant stock for Q4 2021, down 17% quarter-over-quarter.
- 5 funds opened new Black Spade Acquisition Co Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant positions in Q4 2021 and 13 closed out, a net change of -8 holders.
- The largest Black Spade Acquisition Co Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant buyer in Q4 2021 was Citigroup, an estimated $1.88M added.
- The largest Black Spade Acquisition Co Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant seller in Q4 2021 was Millennium Management, an estimated $3.65M sold.
Based on aggregated 13F filings for Q4 2021.