We are live on ! Find out more
SPAQ icon

Horizon Kinetics SPAC Active ETF
SPAQ

4 hedge funds and large institutions have $8.53M invested in Horizon Kinetics SPAC Active ETF in 2025 Q3 according to their latest regulatory filings, with 0 funds opening new positions, increasing their positions, 2 reducing their positions, and closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 4 → 4 (0)

10.93% less ownership

Funds ownership: 75.18% → 64.25% (-11%)

31% less capital invested

Capital invested by funds: $12.4M → $8.53M (-$3.87M)

100% less repeat investments, than reductions

Existing positions increased: 0 | Existing positions reduced: 2

Holders
4
Holders Change
–
Holders Change %
0%
% of All Funds
0.05%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
–
Increased
–
Reduced
2
Closed
–
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

No buyers this quarter

Top Sellers

Rank Fund Capital Flow
1
HKAM
Horizon Kinetics Asset Management
New York
-$3.77M
2
BI
Bulldog Investors
New Jersey
-$27.8K
Name Holding Trade Value Shares
Change 		Change in
Stake
HKAM
1
Horizon Kinetics Asset Management
New York
$8.01M -$3.77M -36,220 -32%
BI
2
Bulldog Investors
New Jersey
$514K -$27.8K -267 -5%
SWM
3
Spire Wealth Management
Virginia
$5.21K – – –
Fidelity Investments
4
Fidelity Investments
Massachusetts
$2.19K – – –

SPAQ Hedge Fund Activity: Q3 2025 in Review

4 of the 7,620 institutional investors tracked by Wall St. Rank reported a position in Horizon Kinetics SPAC Active ETF (SPAQ) for Q3 2025, worth a combined $8.53M — down 31% from $12.4M a quarter earlier.

Fund positioning in SPAQ was balanced in Q3 2025: 0 funds opened new positions, 0 closed out, 0 added to existing stakes and 2 trimmed.

The largest seller was Horizon Kinetics Asset Management, cutting an estimated $3.77M.

  • 4 institutional investors held Horizon Kinetics SPAC Active ETF (SPAQ) as of Q3 2025, unchanged from Q2 2025.
  • Funds reported $8.53M of Horizon Kinetics SPAC Active ETF stock for Q3 2025, down 31% quarter-over-quarter.
  • 0 funds opened new Horizon Kinetics SPAC Active ETF positions in Q3 2025 and 0 closed out.
  • The largest Horizon Kinetics SPAC Active ETF seller in Q3 2025 was Horizon Kinetics Asset Management, an estimated $3.77M sold.

Based on aggregated 13F filings for Q3 2025.