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DECA

Denali Capital Acquisition Corp. Class A Ordinary Shares
DECA

Delisted

DECA was delisted on the 15th of April, 2025.

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16 hedge funds and large institutions have $25.7M invested in Denali Capital Acquisition Corp. Class A Ordinary Shares in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 3 increasing their positions, 4 reducing their positions, and 19 closing their positions.

New
Increased
Maintained
Reduced
Closed

25% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 4

50% less funds holding

Funds holding: 32 → 16 (-16)

72% less capital invested

Capital invested by funds: $92.7M → $25.7M (-$67.1M)

84% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 19

100% less funds holding in top 10

Funds holding in top 10: 1 → 0 (-1)

Holders
16
Holders Change
-16
Holders Change %
-50%
% of All Funds
0.23%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
3
Increased
3
Reduced
4
Closed
19
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CM
Cohanzick Management
New York
+$2.08M
2
GCL
Glazer Capital LLC
New York
+$1.95M
3
QL
Quarry LP
New York
+$1.26M
4
CS
Clear Street
New York
+$297K
5
State Street
State Street
Massachusetts
+$111K

Top Sellers

Rank Fund Capital Flow
1
FTCM
First Trust Capital Management
Illinois
-$8.21M
2
MSU
Mizuho Securities USA
New York
-$6.62M
3
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
-$5.46M
4
WAM
Wolverine Asset Management
Illinois
-$5.3M
5
ASM
ATW SPAC Management
New York
-$5.15M
Name Holding Trade Value Shares
Change 		Change in
Stake
Calamos Advisors
1
Calamos Advisors
Illinois
$3.56M – – –
GCL
2
Glazer Capital LLC
New York
$3.43M +$1.95M +177,640 +133%
KL
3
KIM LLC
Kansas
$2.73M – – –
WRBC
4
W.R. Berkley Corp
Connecticut
$2.28M -$2.24M -204,068 -48%
WCMNY
5
Westchester Capital Management (New York)
New York
$2.28M -$1.35M -123,552 -35%
CM
6
Cohanzick Management
New York
$2.1M +$2.08M +189,544 New
CC
7
Centiva Capital
New York
$1.91M – – –
AA
8
AQR Arbitrage
Connecticut
$1.65M – – –
KIM
9
Karpus Investment Management
New York
$1.52M -$21.9K -2,000 -1%
PC
10
Periscope Capital
Ontario, Canada
$1.38M -$4.96M -452,952 -78%
QL
11
Quarry LP
New York
$1.27M +$1.26M +115,000 New
YCM
12
Yakira Capital Management
Connecticut
$1.05M – – –
CS
13
Clear Street
New York
$281K +$297K +27,070 +4,550%
State Street
14
State Street
Massachusetts
$103K +$111K +10,100 New
DWM
15
Dakota Wealth Management
Florida
$102K – – –
TRCT
16
Tower Research Capital (TRC)
New York
$4.39K +$2.5K +228 +112%
FTCM
17
First Trust Capital Management
Illinois
– -$8.21M -749,718 Closed
MSU
18
Mizuho Securities USA
New York
– -$6.62M -613,000 Closed
Hudson Bay Capital Management
19
Hudson Bay Capital Management
Connecticut
– -$5.46M -500,000 Closed
WAM
20
Wolverine Asset Management
Illinois
– -$5.3M -484,287 Closed
ASM
21
ATW SPAC Management
New York
– -$5.15M -470,000 Closed
BFM
22
Boothbay Fund Management
New York
– -$5.15M -470,000 Closed
SCM
23
Saba Capital Management
New York
– -$4.49M -410,000 Closed
CCM
24
Context Capital Management
California
– -$3.34M -305,000 Closed
PAMP
25
Polar Asset Management Partners
Ontario, Canada
– -$3.29M -300,000 Closed
1
2

DECA Hedge Fund Activity: Q4 2023 in Review

16 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Denali Capital Acquisition Corp. Class A Ordinary Shares (DECA) for Q4 2023, worth a combined $25.7M — down 72% from $92.7M a quarter earlier.

Sellers outnumbered buyers: 19 funds closed out of DECA and 3 opened new positions — a net loss of 16 holders — while 4 trimmed existing stakes and 3 added.

The largest buyer was Cohanzick Management, opening a new position worth an estimated $2.08M. The largest seller was First Trust Capital Management, exiting entirely with an estimated $8.21M sold.

  • 16 institutional investors held Denali Capital Acquisition Corp. Class A Ordinary Shares (DECA) as of Q4 2023, down from 32 in Q3 2023.
  • Funds reported $25.7M of Denali Capital Acquisition Corp. Class A Ordinary Shares stock for Q4 2023, down 72% quarter-over-quarter.
  • 3 funds opened new Denali Capital Acquisition Corp. Class A Ordinary Shares positions in Q4 2023 and 19 closed out, a net change of -16 holders.
  • The largest Denali Capital Acquisition Corp. Class A Ordinary Shares buyer in Q4 2023 was Cohanzick Management, an estimated $2.08M added.
  • The largest Denali Capital Acquisition Corp. Class A Ordinary Shares seller in Q4 2023 was First Trust Capital Management, an estimated $8.21M sold.

Based on aggregated 13F filings for Q4 2023.