Horizon Kinetics SPAC Active ETF
SPAQ
4 hedge funds and large institutions have $12.4M invested in Horizon Kinetics SPAC Active ETF in 2025 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 0 increasing their positions, 1 reducing their positions, and closing their positions.
33% more funds holding
Funds holding: 3 → 4 (+1)
5.3% less ownership
Funds ownership: 80.48% → 75.18% (-5.3%)
10% less capital invested
Capital invested by funds: $13.8M → $12.4M (-$1.39M)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 1
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SWM
Spire Wealth Management
Mclean,
Virginia
|
+$5.13K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$1.89M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HKAM
1
Horizon Kinetics Asset Management
New York
| $11.9M | -$1.89M | -18,473 | -14% |
|
|
BI
2
Bulldog Investors
Saddle Brook,
New Jersey
| $545K | – | – | – |
|
|
SWM
3
Spire Wealth Management
Mclean,
Virginia
| $5.24K | +$5.13K | +50 | New |
|
4
Fidelity Investments
Boston,
Massachusetts
| $2.2K | – | – | – |
|
SPAQ Hedge Fund Activity: Q2 2025 in Review
4 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Horizon Kinetics SPAC Active ETF (SPAQ) for Q2 2025, worth a combined $12.4M — down 10% from $13.8M a quarter earlier.
Buyers outnumbered sellers: 1 fund opened new SPAQ positions and 0 closed out — a net gain of 1 holder — while 0 added to existing stakes and 1 trimmed.
The largest buyer was Spire Wealth Management, opening a new position worth an estimated $5.13K. The largest seller was Horizon Kinetics Asset Management, cutting an estimated $1.89M.
- 4 institutional investors held Horizon Kinetics SPAC Active ETF (SPAQ) as of Q2 2025, up from 3 in Q1 2025.
- Funds reported $12.4M of Horizon Kinetics SPAC Active ETF stock for Q2 2025, down 10% quarter-over-quarter.
- 1 fund opened new Horizon Kinetics SPAC Active ETF positions in Q2 2025 and 0 closed out, a net change of +1 holder.
- The largest Horizon Kinetics SPAC Active ETF buyer in Q2 2025 was Spire Wealth Management, an estimated $5.13K added.
- The largest Horizon Kinetics SPAC Active ETF seller in Q2 2025 was Horizon Kinetics Asset Management, an estimated $1.89M sold.
Based on aggregated 13F filings for Q2 2025.