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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 $66.1M invested in Embrace Change Acquisition Corp in 2023 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 11 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 31 → 31 (0)

0% more first-time investments, than exits

New positions opened: 2 | Existing positions closed: 2

2% less capital invested

Capital invested by funds: $67.4M → $66.1M (-$1.29M)

3.03% less ownership

Funds ownership: 66.79% → 63.76% (-3%)

82% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 11

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $3.28M

Holders
31
Holders Change
–
Holders Change %
0%
% of All Funds
0.49%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
2
Reduced
11
Closed
2
Calls
–
Puts
$3.28M
Net Calls
-$3.28M
Net Calls Change
-$3.28M

Top Buyers

1
SFM
Spartan Fund Management
Canada
+$745K
2
CS
Clear Street
New York
+$157K
3
GCL
Glazer Capital LLC
New York
+$13.1K
4
WRBC
W.R. Berkley Corp
Connecticut
+$4.18K

Top Sellers

1
SCM
Shaolin Capital Management
Florida
-$2.96M
2
ASM
ATW SPAC Management
New York
-$296K
3
MSU
Mizuho Securities USA
New York
-$234K
4
BI
Bulldog Investors
New Jersey
-$166K
5
RCM
Radcliffe Capital Management
Pennsylvania
-$125K
Name Holding Trade Value Shares
Change 		Change in
Stake
MSU
1
Mizuho Securities USA
New York
$5.5M -$234K -22,231 -4%
KL
2
KIM LLC
Kansas
$3.81M – – –
ASM
3
ATW SPAC Management
New York
$3.67M -$296K -28,125 -8%
BFM
4
Boothbay Fund Management
New York
$3.67M – – –
RCM
5
Radcliffe Capital Management
Pennsylvania
$3.53M -$125K -11,920 -3%
PAMP
6
Polar Asset Management Partners
Ontario, Canada
$3.44M – – –
WAM
7
Wolverine Asset Management
Illinois
$3.37M -$100K -9,535 -3%
CCM
8
Context Capital Management
California
$3.14M -$38.1K -3,623 -1%
GCL
9
Glazer Capital LLC
New York
$3.12M +$13.1K +1,246 +0.4%
Hudson Bay Capital Management
10
Hudson Bay Capital Management
Connecticut
$3.02M – – –
KIM
11
Karpus Investment Management
New York
$2.64M -$17.4K -1,650 -0.7%
WCMNY
12
Westchester Capital Management (New York)
New York
$2.61M – – –
OCM
13
Oaktree Capital Management
California
$2.59M – – –
SOA
14
Sea Otter Advisors
Florida
$2.28M – – –
WAM
15
Weiss Asset Management
Massachusetts
$2.21M -$5.26K -500 -0.2%
BI
16
Bulldog Investors
New Jersey
$2.15M -$166K -15,747 -7%
AA
17
AQR Arbitrage
Connecticut
$2.04M -$2.89K -275 -0.1%
TCA
18
Taconic Capital Advisors
New York
$1.9M – – –
Two Sigma Investments
19
Two Sigma Investments
New York
$1.72M – – –
PC
20
Periscope Capital
Ontario, Canada
$1.59M – – –
AMC
21
Atlas Merchant Capital
New York
$1.52M – – –
SFM
22
Spartan Fund Management
Canada
$1.48M +$745K +70,749 New
FTCM
23
Fir Tree Capital Management
New York
$1.21M – – –
CH
24
CVI Holdings
Delaware
$1.16M -$33.4K -3,175 -3%
D.E. Shaw & Co
25
D.E. Shaw & Co
New York
$1.06M – – –
1
2

EMCG Hedge Fund Activity: Q2 2023 in Review

31 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Embrace Change Acquisition Corp (EMCG) for Q2 2023, worth a combined $66.1M — down 1.9% from $67.4M a quarter earlier.

Fund positioning in EMCG was balanced in Q2 2023: 2 funds opened new positions, 2 closed out, 2 added to existing stakes and 11 trimmed.

The largest buyer was Spartan Fund Management, opening a new position worth an estimated $745K. The largest seller was Shaolin Capital Management, exiting entirely with an estimated $2.96M sold.

  • 31 institutional investors held Embrace Change Acquisition Corp (EMCG) as of Q2 2023, unchanged from Q1 2023.
  • Funds reported $66.1M of Embrace Change Acquisition Corp stock for Q2 2023, down 1.9% quarter-over-quarter.
  • 2 funds opened new Embrace Change Acquisition Corp positions in Q2 2023 and 2 closed out, a net change of 0 holders.
  • The largest Embrace Change Acquisition Corp buyer in Q2 2023 was Spartan Fund Management, an estimated $745K added.
  • The largest Embrace Change Acquisition Corp seller in Q2 2023 was Shaolin Capital Management, an estimated $2.96M sold.

Based on aggregated 13F filings for Q2 2023.