Embrace Change Acquisition Corp
EMCG
EMCG was delisted on the 20th of August, 2025.
25 hedge funds and large institutions have $61.1M invested in Embrace Change Acquisition Corp in 2023 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 7 increasing their positions, 5 reducing their positions, and 13 closing their positions.
40% more repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 5
5.85% more ownership
Funds ownership: 63.76% → 69.61% (+5.9%)
8% less capital invested
Capital invested by funds: $66.1M → $61.1M (-$4.97M)
19% less funds holding
Funds holding: 31 → 25 (-6)
46% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$3.77M |
| 2 |
YCM
Yakira Capital Management
Westport,
Connecticut
|
+$2.51M |
| 3 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$2.27M |
| 4 |
QL
Quarry LP
New York
|
+$2.15M |
| 5 |
FTCM
Fir Tree Capital Management
New York
|
+$1.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ASM
ATW SPAC Management
New York
|
-$3.67M |
| 2 |
BFM
Boothbay Fund Management
New York
|
-$3.67M |
| 3 |
OCM
Oaktree Capital Management
Los Angeles,
California
|
-$2.59M |
| 4 |
SOA
Sea Otter Advisors
Miami,
Florida
|
-$2.28M |
| 5 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$2.21M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ASM
26
ATW SPAC Management
New York
| – | -$3.67M | -346,875 | Closed |
|
|
BFM
27
Boothbay Fund Management
New York
| – | -$3.67M | -346,875 | Closed |
|
|
OCM
28
Oaktree Capital Management
Los Angeles,
California
| – | -$2.59M | -245,000 | Closed |
|
|
SOA
29
Sea Otter Advisors
Miami,
Florida
| – | -$2.28M | -215,605 | Closed |
|
|
WAM
30
Weiss Asset Management
Boston,
Massachusetts
| – | -$2.21M | -208,750 | Closed |
|
|
BI
31
Bulldog Investors
Saddle Brook,
New Jersey
| – | -$2.15M | -203,564 | Closed |
|
|
TCA
32
Taconic Capital Advisors
New York
| – | -$1.9M | -180,000 | Closed |
|
33
Two Sigma Investments
New York
| – | -$1.72M | -162,500 | Closed |
|
|
CH
34
CVI Holdings
Wilmington,
Delaware
| – | -$1.16M | -109,819 | Closed |
|
35
D.E. Shaw & Co
New York
| – | -$1.06M | -100,000 | Closed |
|
|
AC
36
Aristeia Capital
Greenwich,
Connecticut
| – | -$529K | -50,000 | Closed |
|
|
PCM
37
Prelude Capital Management
New York
| – | -$265K | -25,000 | Closed |
|
|
CS
38
Clear Street
New York
| – | -$158K | -14,925 | Closed |
|
EMCG Hedge Fund Activity: Q3 2023 in Review
25 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Embrace Change Acquisition Corp (EMCG) for Q3 2023, worth a combined $61.1M — down 7.5% from $66.1M a quarter earlier.
Sellers outnumbered buyers: 13 funds closed out of EMCG and 7 opened new positions — a net loss of 6 holders — while 5 trimmed existing stakes and 7 added.
The largest buyer was Shaolin Capital Management, opening a new position worth an estimated $3.77M. The largest seller was ATW SPAC Management, exiting entirely with an estimated $3.67M sold.
- 25 institutional investors held Embrace Change Acquisition Corp (EMCG) as of Q3 2023, down from 31 in Q2 2023.
- Funds reported $61.1M of Embrace Change Acquisition Corp stock for Q3 2023, down 7.5% quarter-over-quarter.
- 7 funds opened new Embrace Change Acquisition Corp positions in Q3 2023 and 13 closed out, a net change of -6 holders.
- The largest Embrace Change Acquisition Corp buyer in Q3 2023 was Shaolin Capital Management, an estimated $3.77M added.
- The largest Embrace Change Acquisition Corp seller in Q3 2023 was ATW SPAC Management, an estimated $3.67M sold.
Based on aggregated 13F filings for Q3 2023.