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EMCG

Embrace Change Acquisition Corp
EMCG

Delisted

EMCG was delisted on the 20th of August, 2025.

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31 hedge funds and large institutions have $67.4M invested in Embrace Change Acquisition Corp in 2023 Q1 according to their latest regulatory filings, with 8 funds opening new positions, 8 increasing their positions, 3 reducing their positions, and 1 closing their positions.

New
Increased
Maintained
Reduced
Closed

700% more first-time investments, than exits

New positions opened: 8 | Existing positions closed: 1

167% more repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 3

36% more capital invested

Capital invested by funds: $49.6M → $67.4M (+$17.7M)

29% more funds holding

Funds holding: 24 → 31 (+7)

16.27% more ownership

Funds ownership: 50.52% → 66.79% (+16%)

Holders
31
Holders Change
+7
Holders Change %
+29.17%
% of All Funds
0.49%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
8
Increased
8
Reduced
3
Closed
1
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
KL
KIM LLC
Kansas
+$3.73M
2
WAM
Wolverine Asset Management
Illinois
+$3.03M
3
SCM
Shaolin Capital Management
Florida
+$2.51M
4
BI
Bulldog Investors
New Jersey
+$2.27M
5
SOA
Sea Otter Advisors
Florida
+$2.23M

Top Sellers

1
MP
Mangrove Partners
Connecticut
-$1.27M
2
WAM
Weiss Asset Management
Massachusetts
-$163K
3
AA
AQR Arbitrage
Connecticut
-$67.5K
4
CH
CVI Holdings
Delaware
-$57K
Name Holding Trade Value Shares
Change 		Change in
Stake
MSU
1
Mizuho Securities USA
New York
$5.55M +$262K +25,320 +5%
ASM
2
ATW SPAC Management
New York
$3.91M – – –
KL
3
KIM LLC
Kansas
$3.76M +$3.73M +360,000 New
BFM
4
Boothbay Fund Management
New York
$3.62M – – –
RCM
5
Radcliffe Capital Management
Pennsylvania
$3.6M +$1.32M +127,373 +58%
WAM
6
Wolverine Asset Management
Illinois
$3.42M +$3.03M +292,209 +825%
PAMP
7
Polar Asset Management Partners
Ontario, Canada
$3.39M – – –
CCM
8
Context Capital Management
California
$3.13M – – –
GCL
9
Glazer Capital LLC
New York
$3.07M +$70.3K +6,793 +2%
Hudson Bay Capital Management
10
Hudson Bay Capital Management
Connecticut
$2.97M – – –
SCM
11
Shaolin Capital Management
Florida
$2.94M +$2.51M +242,734 +626%
KIM
12
Karpus Investment Management
New York
$2.62M +$1.19M +115,313 +85%
WCMNY
13
Westchester Capital Management (New York)
New York
$2.57M – – –
OCM
14
Oaktree Capital Management
California
$2.56M – – –
BI
15
Bulldog Investors
New Jersey
$2.29M +$2.27M +219,311 New
SOA
16
Sea Otter Advisors
Florida
$2.25M +$2.23M +215,605 New
WAM
17
Weiss Asset Management
Massachusetts
$2.18M -$163K -15,750 -7%
AA
18
AQR Arbitrage
Connecticut
$2.02M -$67.5K -6,519 -3%
TCA
19
Taconic Capital Advisors
New York
$1.88M – – –
Two Sigma Investments
20
Two Sigma Investments
New York
$1.69M – – –
PC
21
Periscope Capital
Ontario, Canada
$1.56M – – –
AMC
22
Atlas Merchant Capital
New York
$1.5M – – –
FTCM
23
Fir Tree Capital Management
New York
$1.19M +$199K +19,215 +20%
CH
24
CVI Holdings
Delaware
$1.18M -$57K -5,506 -5%
D.E. Shaw & Co
25
D.E. Shaw & Co
New York
$1.04M – – –
1
2

EMCG Hedge Fund Activity: Q1 2023 in Review

31 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Embrace Change Acquisition Corp (EMCG) for Q1 2023, worth a combined $67.4M — up 36% from $49.6M a quarter earlier.

Buyers outnumbered sellers: 8 funds opened new EMCG positions and 1 closed out — a net gain of 7 holders — while 8 added to existing stakes and 3 trimmed.

The largest buyer was KIM LLC, opening a new position worth an estimated $3.73M. The largest seller was Mangrove Partners, exiting entirely with an estimated $1.27M sold.

  • 31 institutional investors held Embrace Change Acquisition Corp (EMCG) as of Q1 2023, up from 24 in Q4 2022.
  • Funds reported $67.4M of Embrace Change Acquisition Corp stock for Q1 2023, up 36% quarter-over-quarter.
  • 8 funds opened new Embrace Change Acquisition Corp positions in Q1 2023 and 1 closed out, a net change of +7 holders.
  • The largest Embrace Change Acquisition Corp buyer in Q1 2023 was KIM LLC, an estimated $3.73M added.
  • The largest Embrace Change Acquisition Corp seller in Q1 2023 was Mangrove Partners, an estimated $1.27M sold.

Based on aggregated 13F filings for Q1 2023.