Black Spade Acquisition II Co Unit
BSIIU
BSIIU was delisted on the 2nd of June, 2025.
6 hedge funds and large institutions have $7.52M invested in Black Spade Acquisition II Co Unit in 2024 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 29 closing their positions.
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
76.68% less ownership
Funds ownership: 81.57% → 4.89% (-77%)
82% less funds holding
Funds holding: 33 → 6 (-27)
93% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 29
94% less capital invested
Capital invested by funds: $122M → $7.52M (-$114M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MF
Magnetar Financial
Evanston,
Illinois
|
+$1.12M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$128K |
| 3 |
Barclays
London,
United Kingdom
|
+$20.7K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$14.8M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$13.9M |
| 3 |
FBCM
Fort Baker Capital Management
Larkspur,
California
|
-$10.6M |
| 4 |
CS
Clear Street
New York
|
-$10.4M |
| 5 |
BCL
Bracebridge Capital LLC
Boston,
Massachusetts
|
-$9.71M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
SFM
26
Spartan Fund Management
Toronto, Ontario,
Canada
| – | -$996K | -100,000 | Closed |
|
|
FTCM
27
Fir Tree Capital Management
New York
| – | -$747K | -75,000 | Closed |
|
|
RCM
28
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$747K | -75,000 | Closed |
|
|
TI
29
Tidal Investments
Milwaukee,
Wisconsin
| – | -$561K | -56,250 | Closed |
|
30
Parallax Volatility Advisers
San Francisco,
California
| – | -$499K | -50,000 | Closed |
|
|
ASM
31
ATW SPAC Management
New York
| – | -$316K | -31,700 | Closed |
|
|
BFM
32
Boothbay Fund Management
New York
| – | -$316K | -31,700 | Closed |
|
|
HCM
33
Heights Capital Management
San Francisco,
California
| – | -$199K | -20,000 | Closed |
|
|
SIA
34
Schechter Investment Advisors
Birmingham,
Michigan
| – | -$180K | -18,100 | Closed |
|
|
GS
35
GTS Securities
New York
| – | -$159K | -15,920 | Closed |
|
BSIIU Hedge Fund Activity: Q4 2024 in Review
6 of the 7,592 institutional investors tracked by Wall St. Rank reported a position in Black Spade Acquisition II Co Unit (BSIIU) for Q4 2024, worth a combined $7.52M — down 94% from $122M a quarter earlier.
Sellers outnumbered buyers: 29 funds closed out of BSIIU and 2 opened new positions — a net loss of 27 holders — while 2 trimmed existing stakes and 1 added.
The largest buyer was Magnetar Financial, adding an estimated $1.12M. The largest seller was AQR Arbitrage, exiting entirely with an estimated $14.8M sold.
- 6 institutional investors held Black Spade Acquisition II Co Unit (BSIIU) as of Q4 2024, down from 33 in Q3 2024.
- Funds reported $7.52M of Black Spade Acquisition II Co Unit stock for Q4 2024, down 94% quarter-over-quarter.
- 2 funds opened new Black Spade Acquisition II Co Unit positions in Q4 2024 and 29 closed out, a net change of -27 holders.
- The largest Black Spade Acquisition II Co Unit buyer in Q4 2024 was Magnetar Financial, an estimated $1.12M added.
- The largest Black Spade Acquisition II Co Unit seller in Q4 2024 was AQR Arbitrage, an estimated $14.8M sold.
Based on aggregated 13F filings for Q4 2024.