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BSIIU

Black Spade Acquisition II Co Unit
BSIIU

Delisted

BSIIU was delisted on the 2nd of June, 2025.

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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
6
Holders Change
-27
Holders Change %
-81.82%
% of All Funds
0.08%
Holding in Top 10
1
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-50%
% of All Funds
0.01%
New
2
Increased
1
Reduced
2
Closed
29
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MF
Magnetar Financial
Illinois
+$1.12M
2
Susquehanna International Group
Susquehanna International Group
Pennsylvania
+$128K
3
Barclays
Barclays
United Kingdom
+$20.7K

Top Sellers

Rank Fund Capital Flow
1
AA
AQR Arbitrage
Connecticut
-$14.8M
2
PAMP
Polar Asset Management Partners
Ontario, Canada
-$13.9M
3
FBCM
Fort Baker Capital Management
California
-$10.6M
4
CS
Clear Street
New York
-$10.4M
5
BCL
Bracebridge Capital LLC
Massachusetts
-$9.71M
Name Holding Trade Value Shares
Change 		Change in
Stake
MF
1
Magnetar Financial
Illinois
$4.73M +$1.12M +111,643 +31%
AC
2
Athos Capital
Hong Kong
$2.52M – – –
Susquehanna International Group
3
Susquehanna International Group
Pennsylvania
$128K +$128K +12,766 New
UBS Group
4
UBS Group
Switzerland
$78.4K -$50.1K -5,010 -39%
CS
5
Clear Street
New York
$47.4K -$10.4M -1,041,107 -100%
Barclays
6
Barclays
United Kingdom
$20.8K +$20.7K +2,069 New
AA
7
AQR Arbitrage
Connecticut
– -$14.8M -1,485,000 Closed
PAMP
8
Polar Asset Management Partners
Ontario, Canada
– -$13.9M -1,400,000 Closed
FBCM
9
Fort Baker Capital Management
California
– -$10.6M -1,058,588 Closed
BCL
10
Bracebridge Capital LLC
Massachusetts
– -$9.71M -975,000 Closed
LA
11
Linden Advisors
New York
– -$7.48M -750,000 Closed
FTCM
12
First Trust Capital Management
Illinois
– -$7.4M -743,350 Closed
AC
13
Aristeia Capital
Connecticut
– -$6.97M -700,000 Closed
PMAM
14
Picton Mahoney Asset Management
Ontario, Canada
– -$4.99M -500,000 Closed
KPF
15
K2 Principal Fund
Ontario, Canada
– -$3.89M -390,546 Closed
Two Sigma Investments
16
Two Sigma Investments
New York
– -$3.42M -343,750 Closed
KC
17
Kepos Capital
New York
– -$2.74M -275,000 Closed
MC
18
Meteora Capital
Florida
– -$2.49M -250,000 Closed
WA
19
Whitebox Advisors
Minnesota
– -$2.49M -250,000 Closed
SCM
20
Shaolin Capital Management
Florida
– -$2.24M -225,000 Closed
MCP
21
Maso Capital Partners
Hong Kong
– -$1.99M -200,000 Closed
RCM
22
Rivernorth Capital Management
Florida
– -$1.7M -170,525 Closed
PC
23
Periscope Capital
Ontario, Canada
– -$1.5M -150,000 Closed
SC
24
Sculptor Capital
New York
– -$1.27M -127,700 Closed
HCM
25
Highbridge Capital Management
New York
– -$996K -100,000 Closed
1
2

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.