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EMCG

Embrace Change Acquisition Corp
EMCG

Delisted

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

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20 hedge funds and large institutions have $56.2M invested in Embrace Change Acquisition Corp in 2024 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

6.43% more ownership

Funds ownership: 61.52% → 67.95% (+6.4%)

2% more capital invested

Capital invested by funds: $54.8M → $56.2M (+$1.37M)

17% less funds holding

Funds holding: 24 → 20 (-4)

50% less repeat investments, than reductions

Existing positions increased: 4 | Existing positions reduced: 8

80% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 5

Holders
20
Holders Change
-4
Holders Change %
-16.67%
% of All Funds
0.29%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
1
Increased
4
Reduced
8
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
FTCM
First Trust Capital Management
Illinois
+$5.11M
2
WRBC
W.R. Berkley Corp
Connecticut
+$3.16M
3
CAC
Cowen and Company
New York
+$2.64M
4
FTCM
Fir Tree Capital Management
New York
+$1.7M
5
PC
Periscope Capital
Ontario, Canada
+$125K

Top Sellers

1
RCM
Radcliffe Capital Management
Pennsylvania
-$3.29M
2
CCM
Context Capital Management
California
-$3.25M
3
KPF
K2 Principal Fund
Ontario, Canada
-$1.48M
4
SFM
Spartan Fund Management
Canada
-$1.43M
5
SCM
Shaolin Capital Management
Florida
-$802K
Name Holding Trade Value Shares
Change 		Change in
Stake
WRBC
1
W.R. Berkley Corp
Connecticut
$7.2M +$3.16M +285,483 +80%
MSU
2
Mizuho Securities USA
New York
$6.58M -$80.1K -7,240 -1%
FTCM
3
First Trust Capital Management
Illinois
$5.14M +$5.11M +461,455 New
WAM
4
Wolverine Asset Management
Illinois
$5.07M -$124K -11,209 -2%
PAMP
5
Polar Asset Management Partners
Ontario, Canada
$3.62M – – –
CAC
6
Cowen and Company
New York
$3.55M +$2.64M +238,281 +298%
Hudson Bay Capital Management
7
Hudson Bay Capital Management
Connecticut
$3.19M – – –
GCL
8
Glazer Capital LLC
New York
$3.13M -$106K -9,603 -3%
FTCM
9
Fir Tree Capital Management
New York
$2.38M +$1.7M +153,897 +259%
SCM
10
Shaolin Capital Management
Florida
$2.23M -$802K -72,501 -27%
AA
11
AQR Arbitrage
Connecticut
$2.15M – – –
KIM
12
Karpus Investment Management
New York
$2.01M -$677K -61,150 -25%
QL
13
Quarry LP
New York
$1.74M -$775K -70,000 -31%
AMC
14
Atlas Merchant Capital
New York
$1.61M – – –
PC
15
Periscope Capital
Ontario, Canada
$1.56M +$125K +11,300 +9%
YCM
16
Yakira Capital Management
Connecticut
$1.5M – – –
Walleye Capital
17
Walleye Capital
New York
$1.46M – – –
SIA
18
Schechter Investment Advisors
Michigan
$1.24M -$38.7K -3,500 -3%
Walleye Trading
19
Walleye Trading
New York
$822K – – –
TRCT
20
Tower Research Capital (TRC)
New York
$1.8K -$1.01K -91 -36%
RCM
21
Radcliffe Capital Management
Pennsylvania
– -$3.29M -300,075 Closed
CCM
22
Context Capital Management
California
– -$3.25M -296,377 Closed
KPF
23
K2 Principal Fund
Ontario, Canada
– -$1.48M -135,000 Closed
SFM
24
Spartan Fund Management
Canada
– -$1.43M -130,227 Closed
Bank of Montreal
25
Bank of Montreal
Ontario, Canada
– -$211K -19,234 Closed

EMCG Hedge Fund Activity: Q1 2024 in Review

20 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Embrace Change Acquisition Corp (EMCG) for Q1 2024, worth a combined $56.2M — up 2.5% from $54.8M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of EMCG and 1 opened new positions — a net loss of 4 holders — while 8 trimmed existing stakes and 4 added.

The largest buyer was First Trust Capital Management, opening a new position worth an estimated $5.11M. The largest seller was Radcliffe Capital Management, exiting entirely with an estimated $3.29M sold.

  • 20 institutional investors held Embrace Change Acquisition Corp (EMCG) as of Q1 2024, down from 24 in Q4 2023.
  • Funds reported $56.2M of Embrace Change Acquisition Corp stock for Q1 2024, up 2.5% quarter-over-quarter.
  • 1 fund opened new Embrace Change Acquisition Corp positions in Q1 2024 and 5 closed out, a net change of -4 holders.
  • The largest Embrace Change Acquisition Corp buyer in Q1 2024 was First Trust Capital Management, an estimated $5.11M added.
  • The largest Embrace Change Acquisition Corp seller in Q1 2024 was Radcliffe Capital Management, an estimated $3.29M sold.

Based on aggregated 13F filings for Q1 2024.