Horizon Kinetics SPAC Active ETF
SPAQ
4 hedge funds and large institutions have $6.98M invested in Horizon Kinetics SPAC Active ETF in 2025 Q4 according to their latest regulatory filings, with funds opening new positions, increasing their positions, 1 reducing their positions, and closing their positions.
7.35% more ownership
Funds ownership: 64.25% → 71.6% (+7.3%)
0% more funds holding
Funds holding: 4 → 4 (0)
18% less capital invested
Capital invested by funds: $8.53M → $6.98M (-$1.55M)
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 1
Top Buyers
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
HKAM
Horizon Kinetics Asset Management
New York
|
-$519K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
HKAM
1
Horizon Kinetics Asset Management
New York
| $6.52M | -$519K | -4,950 | -6% |
|
|
BI
2
Bulldog Investors
Saddle Brook,
New Jersey
| $447K | – | – | – |
|
|
SWM
3
Spire Wealth Management
Mclean,
Virginia
| $4.53K | – | – | – |
|
4
Fidelity Investments
Boston,
Massachusetts
| $1.9K | – | – | – |
|
SPAQ Hedge Fund Activity: Q4 2025 in Review
4 of the 8,225 institutional investors tracked by Wall St. Rank reported a position in Horizon Kinetics SPAC Active ETF (SPAQ) for Q4 2025, worth a combined $6.98M — down 18% from $8.53M a quarter earlier.
Fund positioning in SPAQ was balanced in Q4 2025: 0 funds opened new positions, 0 closed out, 0 added to existing stakes and 1 trimmed.
The largest seller was Horizon Kinetics Asset Management, cutting an estimated $519K.
- 4 institutional investors held Horizon Kinetics SPAC Active ETF (SPAQ) as of Q4 2025, unchanged from Q3 2025.
- Funds reported $6.98M of Horizon Kinetics SPAC Active ETF stock for Q4 2025, down 18% quarter-over-quarter.
- 0 funds opened new Horizon Kinetics SPAC Active ETF positions in Q4 2025 and 0 closed out.
- The largest Horizon Kinetics SPAC Active ETF seller in Q4 2025 was Horizon Kinetics Asset Management, an estimated $519K sold.
Based on aggregated 13F filings for Q4 2025.