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EMCG

Embrace Change Acquisition Corp

Delisted

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

24 hedge funds and large institutions have $54.8M invested in Embrace Change Acquisition Corp in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 5 increasing their positions, 7 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

4% less funds holding

Funds holding: 2524 (-1)

8.09% less ownership

Funds ownership: 69.61%61.52% (-8.1%)

10% less capital invested

Capital invested by funds: $61.1M → $54.8M (-$6.29M)

25% less first-time investments, than exits

New positions opened: 3 | Existing positions closed: 4

29% less repeat investments, than reductions

Existing positions increased: 5 | Existing positions reduced: 7

Holders
24
Holders Change
-1
Holders Change %
-4%
% of All Funds
0.35%
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
3
Increased
5
Reduced
7
Closed
4
Calls
Puts
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
MSU
1
Mizuho Securities USA
New York
$6.57M +$1.8M +165,824 +38%
WAM
2
Wolverine Asset Management
Illinois
$5.11M +$303K +27,835 +6%
WRBC
3
W.R. Berkley Corp
Connecticut
$3.92M +$1.14M +104,924 +42%
PAMP
4
Polar Asset Management Partners
Ontario, Canada
$3.56M
RCM
5
Radcliffe Capital Management
Pennsylvania
$3.29M
CCM
6
Context Capital Management
California
$3.25M
GCL
7
Glazer Capital LLC
New York
$3.19M -$22.9K -2,106 -0.7%
Hudson Bay Capital Management
8
Hudson Bay Capital Management
Connecticut
$3.12M
SCM
9
Shaolin Capital Management
Florida
$2.98M -$870K -80,000 -23%
KIM
10
Karpus Investment Management
New York
$2.64M -$81K -7,450 -3%
QL
11
Quarry LP
New York
$2.48M
AA
12
AQR Arbitrage
Connecticut
$2.12M
AMC
13
Atlas Merchant Capital
New York
$1.58M
YCM
14
Yakira Capital Management
Connecticut
$1.48M -$1.09M -100,000 -43%
KPF
15
K2 Principal Fund
Ontario, Canada
$1.48M +$1.06M +97,367 +259%
Walleye Capital
16
Walleye Capital
New York
$1.44M
SFM
17
Spartan Fund Management
Canada
$1.43M +$655K +60,227 +86%
PC
18
Periscope Capital
Ontario, Canada
$1.41M -$232K -21,327 -14%
SIA
19
Schechter Investment Advisors
Michigan
$1.26M +$1.25M +114,790 New
CAC
20
Cowen and Company
New York
$876K +$870K +80,000 New
Walleye Trading
21
Walleye Trading
New York
$808K
FTCM
22
Fir Tree Capital Management
New York
$650K -$2.49M -228,667 -79%
Bank of Montreal
23
Bank of Montreal
Ontario, Canada
$211K +$209K +19,234 New
TRCT
24
Tower Research Capital (TRC)
New York
$2.77K -$22 -2 -0.8%
WCMNY
25
Westchester Capital Management (New York)
New York
-$4.24M -394,146 Closed

EMCG Hedge Fund Activity: Q4 2023 in Review

24 of the 6,859 institutional investors tracked by Wall St. Rank reported a position in Embrace Change Acquisition Corp (EMCG) for Q4 2023, worth a combined $54.8M — down 10% from $61.1M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of EMCG and 3 opened new positions — a net loss of 1 holder — while 7 trimmed existing stakes and 5 added.

The largest buyer was Mizuho Securities USA, adding an estimated $1.8M. The largest seller was Westchester Capital Management (New York), exiting entirely with an estimated $4.24M sold.

  • 24 institutional investors held Embrace Change Acquisition Corp (EMCG) as of Q4 2023, down from 25 in Q3 2023.
  • Funds reported $54.8M of Embrace Change Acquisition Corp stock for Q4 2023, down 10% quarter-over-quarter.
  • 3 funds opened new Embrace Change Acquisition Corp positions in Q4 2023 and 4 closed out, a net change of -1 holder.
  • The largest Embrace Change Acquisition Corp buyer in Q4 2023 was Mizuho Securities USA, an estimated $1.8M added.
  • The largest Embrace Change Acquisition Corp seller in Q4 2023 was Westchester Capital Management (New York), an estimated $4.24M sold.

Based on aggregated 13F filings for Q4 2023.