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BSAQ.U

Black Spade Acquisition Co Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
BSAQ.U

Delisted

BSAQ.U was delisted on the 14th of August, 2023.

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17 hedge funds and large institutions have $34.6M invested in Black Spade Acquisition Co Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant in 2022 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 3 increasing their positions, 3 reducing their positions, and 9 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 3

23% less funds holding

Funds holding: 22 → 17 (-5)

33% less capital invested

Capital invested by funds: $51.8M → $34.6M (-$17.2M)

56% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 9

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
17
Holders Change
-5
Holders Change %
-22.73%
% of All Funds
0.27%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
4
Increased
3
Reduced
3
Closed
9
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
LIM
Longfellow Investment Management
Massachusetts
+$2.61M
2
BFM
Boothbay Fund Management
New York
+$308K
3
WC
Wealthspring Capital
New York
+$272K
4
SIA
Schechter Investment Advisors
Michigan
+$199K
5
WAM
Wolverine Asset Management
Illinois
+$92.7K

Top Sellers

1
PC
Periscope Capital
Ontario, Canada
-$6M
2
KHCM
Kettle Hill Capital Management
New York
-$3.99M
3
DACS
Dymon Asia Capital (Singapore)
Singapore
-$3M
4
Citigroup
Citigroup
New York
-$2.62M
5
ECM
Evolution Capital Management
Nevada
-$2.62M
Name Holding Trade Value Shares
Change 		Change in
Stake
AA
26
Ancora Advisors
Ohio
– -$110K -11,000 Closed
1
2

BSAQ.U Hedge Fund Activity: Q1 2022 in Review

17 of the 6,340 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 Q1 2022, worth a combined $34.6M — down 33% from $51.8M a quarter earlier.

Sellers outnumbered buyers: 9 funds closed out of BSAQ.U and 4 opened new positions — a net loss of 5 holders — while 3 trimmed existing stakes and 3 added.

The largest buyer was Longfellow Investment Management, opening a new position worth an estimated $2.61M. The largest seller was Periscope Capital, exiting entirely with an estimated $6M sold.

  • 17 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 Q1 2022, down from 22 in Q4 2021.
  • Funds reported $34.6M of Black Spade Acquisition Co Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant stock for Q1 2022, down 33% quarter-over-quarter.
  • 4 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 Q1 2022 and 9 closed out, a net change of -5 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 Q1 2022 was Longfellow Investment Management, an estimated $2.61M 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 Q1 2022 was Periscope Capital, an estimated $6M sold.

Based on aggregated 13F filings for Q1 2022.