Black Spade Acquisition II Co Class A Ordinary Share
BSII
BSII was delisted on the 4th of June, 2025.
34 hedge funds and large institutions have $115M invested in Black Spade Acquisition II Co Class A Ordinary Share in 2025 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 2 increasing their positions, 7 reducing their positions, and 8 closing their positions.
1.43% less ownership
Funds ownership: 75.47% → 74.04% (-1.4%)
3% less funds holding
Funds holding: 35 → 34 (-1)
13% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 8
24% less capital inflows, than outflows
Capital inflows: $6.9M | Capital outflows: $9.07M
71% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DAM
DLD Asset Management
New York
|
+$2.16M |
| 2 |
QL
Quarry LP
New York
|
+$1.57M |
| 3 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$1.44M |
| 4 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
+$866K |
| 5 |
Glazer Capital LLC
New York
|
+$374K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Clear Street
New York
|
-$4.09M |
| 2 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$1.16M |
| 3 |
FBCM
Fort Baker Capital Management
Larkspur,
California
|
-$1.09M |
| 4 |
Highbridge Capital Management
New York
|
-$993K |
| 5 |
FTCM
Fir Tree Capital Management
New York
|
-$456K |
BSII Hedge Fund Activity: Q1 2025 in Review
34 of the 7,478 institutional investors tracked by Wall St. Rank reported a position in Black Spade Acquisition II Co Class A Ordinary Share (BSII) for Q1 2025, worth a combined $115M — up 0.15% from $115M a quarter earlier.
Sellers outnumbered buyers: 8 funds closed out of BSII and 7 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 2 added.
The largest buyer was DLD Asset Management, opening a new position worth an estimated $2.16M. The largest seller was Clear Street, cutting an estimated $4.09M.
- 34 institutional investors held Black Spade Acquisition II Co Class A Ordinary Share (BSII) as of Q1 2025, down from 35 in Q4 2024.
- Funds reported $115M of Black Spade Acquisition II Co Class A Ordinary Share stock for Q1 2025, up 0.15% quarter-over-quarter.
- 7 funds opened new Black Spade Acquisition II Co Class A Ordinary Share positions in Q1 2025 and 8 closed out, a net change of -1 holder.
- The largest Black Spade Acquisition II Co Class A Ordinary Share buyer in Q1 2025 was DLD Asset Management, an estimated $2.16M added.
- The largest Black Spade Acquisition II Co Class A Ordinary Share seller in Q1 2025 was Clear Street, an estimated $4.09M sold.
Based on aggregated 13F filings for Q1 2025.