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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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7 hedge funds and large institutions have $12.6M invested in Black Spade Acquisition Co Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant in 2023 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

1% more capital invested

Capital invested by funds: $12.5M → $12.6M (+$81.7K)

22% less funds holding

Funds holding: 9 → 7 (-2)

50% less funds holding in top 10

Funds holding in top 10: 2 → 1 (-1)

50% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 2

67% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 3

Holders
7
Holders Change
-2
Holders Change %
-22.22%
% of All Funds
0.11%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.02%
New
1
Increased
1
Reduced
2
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RCM
Rivernorth Capital Management
Florida
+$533K
2
VF
Virtu Financial
New York
+$102K

Top Sellers

Rank Fund Capital Flow
1
LIM
Longfellow Investment Management
Massachusetts
-$406K
2
CSS
Cubist Systematic Strategies
Connecticut
-$342K
3
Royal Bank of Canada
Royal Bank of Canada
Ontario, Canada
-$82K
4
WAM
Wolverine Asset Management
Illinois
-$45K
5
CS
Clear Street
New York
-$8.13K

BSAQ.U Hedge Fund Activity: Q1 2023 in Review

7 of the 6,283 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 2023, worth a combined $12.6M — up 0.65% from $12.5M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of BSAQ.U and 1 opened new positions — a net loss of 2 holders — while 2 trimmed existing stakes and 1 added.

The largest buyer was Rivernorth Capital Management, adding an estimated $533K. The largest seller was Longfellow Investment Management, cutting an estimated $406K.

  • 7 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 2023, down from 9 in Q4 2022.
  • Funds reported $12.6M of Black Spade Acquisition Co Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant stock for Q1 2023, up 0.65% quarter-over-quarter.
  • 1 fund 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 2023 and 3 closed out, a net change of -2 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 2023 was Rivernorth Capital Management, an estimated $533K 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 2023 was Longfellow Investment Management, an estimated $406K sold.

Based on aggregated 13F filings for Q1 2023.