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Black Spade Acquisition III Co: which funds bought and sold

Institutions that bought and sold Black Spade Acquisition III shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 16 institutions that filed 13F reports for both quarters added to or opened positions in Black Spade Acquisition III, and 5 cut or closed them. Together they added a net 2.4M shares, +21.4% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 1.4M shares (+39.7%); index fund managers held the same number of shares overall. 10 opened a new position and 1 sold out entirely.

Bought, Q2 2026 16 institutions, 10 of them new holders Sold, Q2 2026 5 institutions, 1 of them sold out
Net change, all compared +2.4M shares (+21.4%)
Net change, active managers +1.4M shares (+39.7%), 6 bought, 0 sold

Buyers versus sellers

institutions compared, 41
Active managers and hedge funds 6 bought · 0 sold · +1.4M
Index fund managers 0 bought · 0 sold · 0
Other institutions 10 bought · 5 sold · +1.0M

Biggest buyers

by change in shares held
Biggest buyers
Institution Change in shares Shares June 30, 2026 Value
Millennium Management LLC Hedge fund +600K +400.0% 750K $7.5M
Sona Asset Management (US) LLC Active manager +600K New position 600K $6M
Wealthspring Capital LLC +552K New position 552K $5.5M
Mmcap International Inc. Spc +250K New position 250K $2.5M
Fort Baker Capital Management LP +200K +40.0% 700K $7M
Bulldog Investors, LLP +150K New position 150K $1.5M
Css LLC +110K New position 110K $1.1M
Stonex Group Inc. +80K +319.0% 105K $1M
Schonfeld Strategic Advisors LLC Hedge fund +78K New position 78K $771,473
Boothbay Fund Management, LLC Hedge fund +50K New position 50K $497,500
Centiva Capital, LP Hedge fund +50K New position 50K $497,500
Arax Advisory Partners +41K New position 41K $407,900
Radcliffe Capital Management, L.P. +19K +5.5% 369K $3.7M
Mangrove Partners Im, LLC Hedge fund +13K New position 13K $128,116
Wolverine Asset Management LLC +2,808 +2.8% 103K $1M
Glazer Capital, LLC +24 0.0% 500K $5M

Biggest sellers

by change in shares held
Biggest sellers
Institution Change in shares Shares June 30, 2026 Value
Toronto Dominion Bank −213K Sold out 0 —
Shaolin Capital Management LLC −117K −29.3% 283K $2.8M
Clear Street Group Inc. −23K −11.3% 178K $1.8M
Virtu Financial LLC −5,796 −6.8% 80K $792,000
Parallax Volatility Advisers, L.P. −1 0.0% 50K $497,490

New positions

largest by value
InstitutionSharesValue June 30, 2026
Sona Asset Management (US) LLCActive manager 600K $6M
Wealthspring Capital LLC 552K $5.5M
Mmcap International Inc. Spc 250K $2.5M
Bulldog Investors, LLP 150K $1.5M
Css LLC 110K $1.1M
Schonfeld Strategic Advisors LLCHedge fund 78K $771,473
Boothbay Fund Management, LLCHedge fund 50K $497,500
Centiva Capital, LPHedge fund 50K $497,500
Arax Advisory Partners 41K $407,900
Mangrove Partners Im, LLCHedge fund 13K $128,116

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Toronto Dominion Bank 213K $2.1M

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
40
Ten largest holders
56.4%
of 13F-reported shares
Index fund managers
0.0%
of 13F-reported shares
Active managers and hedge funds
35.4%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 6 0 5 0 +1.4M +39.7%
Index fund managers 0 0 0 0 0 —
Other institutions 10 5 5 1 +1.0M +13.3%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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