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.
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.
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)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LIM
Longfellow Investment Management
Boston,
Massachusetts
|
+$2.61M |
| 2 |
BFM
Boothbay Fund Management
New York
|
+$308K |
| 3 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$272K |
| 4 |
SIA
Schechter Investment Advisors
Birmingham,
Michigan
|
+$199K |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$92.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$6M |
| 2 |
KHCM
Kettle Hill Capital Management
New York
|
-$3.99M |
| 3 |
DACS
Dymon Asia Capital (Singapore)
Singapore
|
-$3M |
| 4 |
Citigroup
New York
|
-$2.62M |
| 5 |
ECM
Evolution Capital Management
Crystal Bay,
Nevada
|
-$2.62M |
BSAQ.U Hedge Fund Activity: Q1 2022 in Review
17 of the 6,360 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.