# ATW SPAC MANAGEMENT LLC

> Institutional holdings reported to the SEC as of Q3 2025 on Form 13F. CIK 1878495. Source: https://holderbook.com/funds/1878495-atw-spac-management-llc/

- Reported value: $79.2M
- Positions: 152
- Weight of the ten largest: 48.7%
- Filed: 2025-11-12

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| AA MISSION ACQUISITION CORP | [AAM](https://holderbook.com/stocks/AAM/) | $6.8M | 649,098 | 8.6% | 5 |
| HORIZON SPACE ACQUISITION II | [HSPT](https://holderbook.com/stocks/HSPT/) | $6.0M | 574,990 | 7.5% | 3 |
| DRUGS MADE IN AMER ACQUTN CO | [DMAA](https://holderbook.com/stocks/DMAA/) | $5.1M | 500,000 | 6.5% | 3 |
| A SPAC III ACQUISITION CORP | [ASPC](https://holderbook.com/stocks/ASPC/) | $4.0M | 389,100 | 5.1% | 3 |
| RISING DRAGON ACQUISITION CO | [RDAC](https://holderbook.com/stocks/RDAC/) | $3.7M | 358,000 | 4.7% | 4 |
| CAYSON ACQUISITION CORP | [CAPN](https://holderbook.com/stocks/CAPN/) | $3.2M | 306,703 | 4.1% | 4 |
| FUTURE VISION II ACQUISITION | [FVN](https://holderbook.com/stocks/FVN/) | $3.0M | 289,614 | 3.8% | 4 |
| CHARLTON ARIA ACQUISITION CO | [CHAR](https://holderbook.com/stocks/CHAR/) | $2.9M | 276,607 | 3.6% | 4 |
| GSR IV ACQUISITION CORP | [GSRFU](https://holderbook.com/stocks/GSRFU/) | $2.0M | 200,000 | 2.6% | 1 |
| OTG ACQUISITION CORP. I | [OTGAU](https://holderbook.com/stocks/OTGAU/) | $1.8M | 175,000 | 2.2% | 1 |
| EMMIS ACQUISITION CORP. | [EMISU](https://holderbook.com/stocks/EMISU/) | $1.7M | 175,000 | 2.2% | 1 |
| BEST SPAC I ACQUISITION CORP | [BSAAU](https://holderbook.com/stocks/BSAAU/) | $1.7M | 162,500 | 2.1% | 2 |
| TRAILBLAZER MERGER CORP I | [TBMC](https://holderbook.com/stocks/TBMC/) | $1.6M | 133,434 | 2.0% | 10 |
| STARRY SEA ACQUISITION CORP | [SSEAU](https://holderbook.com/stocks/SSEAU/) | $1.5M | 150,000 | 1.9% | 1 |
| MCKINLEY ACQUISITION CORP | [MKLYU](https://holderbook.com/stocks/MKLYU/) | $1.5M | 150,000 | 1.9% | 1 |
| COHEN CIRCLE ACQUISIT CORP I | [CCII](https://holderbook.com/stocks/CCII/) | $1.4M | 139,420 | 1.8% | 1 |
| STONEBRIDGE ACQUISITION II C | [APACU](https://holderbook.com/stocks/APACU/) | $1.4M | 137,500 | 1.7% | 1 |
| BLACK HAWK ACQUISITION CORP | [BKHA](https://holderbook.com/stocks/BKHA/) | $1.3M | 119,999 | 1.7% | 6 |
| A PARADISE ACQUISITION CORP | [APADU](https://holderbook.com/stocks/APADU/) | $1.2M | 125,000 | 1.6% | 1 |
| D. BORAL ARC ACQ I CORP. | [BCAR](https://holderbook.com/stocks/BCAR/) | $1.2M | 122,588 | 1.5% | 1 |
| BLUE WTR ACQUISITION CORP. I | [BLUW](https://holderbook.com/stocks/BLUW/) | $1.1M | 111,775 | 1.4% | 1 |
| COPLEY ACQUISITION CORP | [COPL](https://holderbook.com/stocks/COPL/) | $1.0M | 102,500 | 1.3% | 1 |
| GLOBA TERRA ACQUISITION COR | [GTERU](https://holderbook.com/stocks/GTERU/) | $1.0M | 100,000 | 1.3% | 1 |
| SILVER PEGASUS ACQUISITION C | [SPEGU](https://holderbook.com/stocks/SPEGU/) | $1.0M | 100,000 | 1.3% | 1 |
| QUANTUMSPHERE ACQUISITION CO | [QUMSU](https://holderbook.com/stocks/QUMSU/) | $1.0M | 100,000 | 1.3% | 1 |
| AMERICAN EXCEPTIONALISM ACQU | [AEXA](https://holderbook.com/stocks/AEXA/) | $1.0M | 92,500 | 1.3% | 1 |
| CHENGHE ACQUISITION III CO | [CHECU](https://holderbook.com/stocks/CHECU/) | $998.0K | 100,000 | 1.3% | 1 |
| LIGHTWAVE ACQUISITION CORP | [LWAC](https://holderbook.com/stocks/LWAC/) | $865.6K | 87,000 | 1.1% | 1 |
| PIONEER ACQUISITION I CORP | [PACH](https://holderbook.com/stocks/PACH/) | $830.6K | 83,391 | 1.0% | 1 |
| BLUE ACQUISITION CORP. | [BACCU](https://holderbook.com/stocks/BACCU/) | $819.8K | 81,250 | 1.0% | 2 |
| ARTIUS II ACQUISITION INC | [AACB](https://holderbook.com/stocks/AACB/) | $766.7K | 75,316 | 1.0% | 2 |
| CANTOR EQUITY PARTNERS IV IN | [CEPF](https://holderbook.com/stocks/CEPF/) | $763.9K | 75,000 | 1.0% | 1 |
| BAIN CAP GSS INVT CORP | [BCSSU](https://holderbook.com/stocks/BCSSU/) | $756.8K | 75,000 | 1.0% | 1 |
| NMP ACQUISITION CORP | [NMP](https://holderbook.com/stocks/NMP/) | $744.8K | 75,000 | 0.9% | 1 |
| TEXAS VENTURES ACQUISITION I | [TVA](https://holderbook.com/stocks/TVA/) | $696.1K | 65,000 | 0.9% | 1 |
| COLUMBUS CIRCLE CAP CORP. I | [BRR](https://holderbook.com/stocks/BRR/) | $632.9K | 62,544 | 0.8% | 2 |
| OXLEY BRIDGE ACQ LTD | [OBA](https://holderbook.com/stocks/OBA/) | $631.3K | 63,390 | 0.8% | 1 |
| GALATA ACQUISITION CORP II | [LATAU](https://holderbook.com/stocks/LATAU/) | $623.8K | 62,500 | 0.8% | 1 |
| BTC DEV CORP | [BDCIU](https://holderbook.com/stocks/BDCIU/) | $555.4K | 54,988 | 0.7% | 1 |
| INDIGO ACQUISITION CORP | [INAC](https://holderbook.com/stocks/INAC/) | $523.4K | 52,500 | 0.7% | 1 |
| SPRING VY ACQUISITION CORP I | [SVACU](https://holderbook.com/stocks/SVACU/) | $514.0K | 50,000 | 0.6% | 1 |
| HIGHVIEW MERGER CORP | [HVMCU](https://holderbook.com/stocks/HVMCU/) | $506.0K | 50,000 | 0.6% | 1 |
| M3-BRIGADE ACQUISITION VI CO | [MBVIU](https://holderbook.com/stocks/MBVIU/) | $506.0K | 50,000 | 0.6% | 1 |
| WINTERGREEN ACQUISITION CORP | [WTG](https://holderbook.com/stocks/WTG/) | $503.0K | 50,000 | 0.6% | 1 |
| CAL REDWOOD ACQUISITION CORP | [CRAQ](https://holderbook.com/stocks/CRAQ/) | $500.0K | 50,000 | 0.6% | 2 |
| ARMADA ACQUISITION CORP II | [XRPN](https://holderbook.com/stocks/XRPN/) | $495.6K | 47,500 | 0.6% | 2 |
| REPUBLIC DIGITAL ACQUISITION | [RDAG](https://holderbook.com/stocks/RDAG/) | $492.1K | 48,200 | 0.6% | 2 |
| KOCHAV DEFENSE ACQUI CO | [KCHV](https://holderbook.com/stocks/KCHV/) | $471.4K | 47,000 | 0.6% | 1 |
| PYROPHYTE ACQUISITION CORP. | [PAIIU](https://holderbook.com/stocks/PAIIU/) | $405.2K | 40,000 | 0.5% | 1 |
| EQV VENTURES AC CORP. II | [EVAC](https://holderbook.com/stocks/EVAC/) | $398.0K | 40,000 | 0.5% | 1 |
| K&F GROWTH ACQUISITION CORP | [KFII](https://holderbook.com/stocks/KFII/) | $390.1K | 38,190 | 0.5% | 3 |
| COLLECTIVE ACQUISITION CORP | [CCAQ](https://holderbook.com/stocks/CCAQ/) | $303.3K | 30,000 | 0.4% | 2 |
| HCM III ACQUISITION CORP | [HCMAU](https://holderbook.com/stocks/HCMAU/) | $257.8K | 25,000 | 0.3% | 1 |
| CSLM DIGITA ASSET ACQ CORP I | [KOYNU](https://holderbook.com/stocks/KOYNU/) | $252.5K | 25,000 | 0.3% | 1 |
| AXIOM INTELLIGENCE AC CORP 1 | [AXIN](https://holderbook.com/stocks/AXIN/) | $249.0K | 25,000 | 0.3% | 1 |
| YORKVILLE ACQUISITION CORP. | [MCGA](https://holderbook.com/stocks/MCGA/) | $199.3K | 18,700 | 0.3% | 1 |
| CANTOR EQUITY PARTNERS III I | [CAEP](https://holderbook.com/stocks/CAEP/) | $172.0K | 16,667 | 0.2% | 2 |
| CHURCHILL CAP CORP X | [CCCX](https://holderbook.com/stocks/CCCX/) | $128.6K | 10,000 | 0.2% | 1 |
| ALPHATIME ACQUISITION CORP | [ATMCR](https://holderbook.com/stocks/ATMCR/) | $124.4K | 438,093 | 0.2% | 10 |
| DRUGS MADE IN AMER ACQUTN CO | [DMAAR](https://holderbook.com/stocks/DMAAR/) | $123.9K | 570,000 | 0.2% | 3 |
| NEW HORIZON AIRCRAFT LTD | [HOVRW](https://holderbook.com/stocks/HOVRW/) | $105.6K | 272,160 | 0.1% | 7 |
| QUETTA ACQUISITION CORP | [QETAR](https://holderbook.com/stocks/QETAR/) | $103.6K | 52,348 | 0.1% | 8 |
| IRON HORSE ACQUISITIONS CORP | [IROHR](https://holderbook.com/stocks/IROHR/) | $101.8K | 138,745 | 0.1% | 7 |
| AA MISSION ACQUISITION CORP | [AAMWS](https://holderbook.com/stocks/AAMWS/) | $96.4K | 602,500 | 0.1% | 5 |
| CO2 ENERGY TRANSITION CORP | [NOEMR](https://holderbook.com/stocks/NOEMR/) | $90.0K | 375,000 | 0.1% | 3 |
| HORIZON SPACE ACQUISITION II | [HSPTR](https://holderbook.com/stocks/HSPTR/) | $86.3K | 574,990 | 0.1% | 3 |
| TRAILBLAZER MERGER CORP I | [TBMCR](https://holderbook.com/stocks/TBMCR/) | $84.2K | 336,600 | 0.1% | 10 |
| A SPAC III ACQUISITION CORP | [ASPCR](https://holderbook.com/stocks/ASPCR/) | $74.2K | 389,100 | 0.1% | 3 |
| OIO GROUP | [OIOWW](https://holderbook.com/stocks/OIOWW/) | $72.1K | 620,000 | 0.1% | 9 |
| SIM ACQUISITION CORP. I | [SIMAW](https://holderbook.com/stocks/SIMAW/) | $68.9K | 186,121 | 0.1% | 4 |
| K&F GROWTH ACQUISITION CORP | [KFIIR](https://holderbook.com/stocks/KFIIR/) | $64.8K | 432,000 | 0.1% | 3 |
| CO2 ENERGY TRANSITION CORP | [NOEMW](https://holderbook.com/stocks/NOEMW/) | $63.4K | 375,000 | 0.1% | 3 |
| EUREKA ACQUISITION CORP | [EURKR](https://holderbook.com/stocks/EURKR/) | $62.0K | 258,457 | 0.1% | 5 |
| BITFUFU INC | [FUFUW](https://holderbook.com/stocks/FUFUW/) | $62.0K | 155,000 | 0.1% | 7 |
| DT CLOUD STAR ACQUISITION CO | [DTSQR](https://holderbook.com/stocks/DTSQR/) | $61.2K | 408,079 | 0.1% | 4 |
| BLACK HAWK ACQUISITION CORP | [BKHAR](https://holderbook.com/stocks/BKHAR/) | $60.1K | 35,374 | 0.1% | 6 |
| COLUMBUS CIRCLE CAP CORP. I | [BRRWW](https://holderbook.com/stocks/BRRWW/) | $60.0K | 50,000 | 0.1% | 2 |
| FG MERGER II CORP | [FGMCR](https://holderbook.com/stocks/FGMCR/) | $54.9K | 130,600 | 0.1% | 3 |
| PANTAGES CAPITAL ACQUISITION | [PGACR](https://holderbook.com/stocks/PGACR/) | $52.8K | 264,000 | 0.1% | 3 |
| FUTURE VISION II ACQUISITION | [FVNNR](https://holderbook.com/stocks/FVNNR/) | $52.1K | 289,614 | 0.1% | 4 |
| GIGCAPITAL7 CORP | [GIGGW](https://holderbook.com/stocks/GIGGW/) | $50.0K | 111,000 | 0.1% | 5 |
| BAYVIEW ACQUISITION CORP | [BAYAR](https://holderbook.com/stocks/BAYAR/) | $48.4K | 302,511 | 0.1% | 7 |
| ESTRELLA IMMUNOPHARMA INC | [ESLA](https://holderbook.com/stocks/ESLA/) | $46.0K | 40,000 | 0.1% | 8 |
| GRAF GLOBAL CORP | [GRAFWS](https://holderbook.com/stocks/GRAFWS/) | $43.7K | 132,475 | 0.1% | 4 |
| ESH ACQUISITION CORP | [ESHAR](https://holderbook.com/stocks/ESHAR/) | $43.3K | 194,723 | 0.1% | 9 |
| DT CLOUD ACQUISITION CORP | [DYCQR](https://holderbook.com/stocks/DYCQR/) | $40.8K | 226,800 | 0.1% | 6 |
| SBC MED GROUP HLDGS INC | [SBCWW](https://holderbook.com/stocks/SBCWW/) | $39.2K | 180,629 | 0.0% | 13 |
| IB ACQUISITION CORP | [IBACR](https://holderbook.com/stocks/IBACR/) | $38.7K | 462,793 | 0.0% | 6 |
| YHN ACQUISITION I LTD | [YHNAR](https://holderbook.com/stocks/YHNAR/) | $35.8K | 233,000 | 0.0% | 4 |
| TEXAS VENTURES ACQUISITION I | [TVACW](https://holderbook.com/stocks/TVACW/) | $35.8K | 32,500 | 0.0% | 1 |
| ALPHATIME ACQUISITION CORP | [ATMCW](https://holderbook.com/stocks/ATMCW/) | $31.2K | 438,093 | 0.0% | 11 |
| ARTIUS II ACQUISITION INC | [AACBR](https://holderbook.com/stocks/AACBR/) | $30.1K | 125,316 | 0.0% | 2 |
| REAL MESSENGER CORP. | [RMSGW](https://holderbook.com/stocks/RMSGW/) | $28.3K | 484,100 | 0.0% | 4 |
| CN HEALTHY FOOD TECH GROUP C | [IROHW](https://holderbook.com/stocks/IROHW/) | $28.1K | 278,320 | 0.0% | 7 |
| COHEN CIRCLE ACQUISIT CORP I | [CCIIW](https://holderbook.com/stocks/CCIIW/) | $27.9K | 34,876 | 0.0% | 1 |
| GCL GLOBAL HLDGS LTD | [GCLWW](https://holderbook.com/stocks/GCLWW/) | $27.9K | 400,000 | 0.0% | 3 |
| REPUBLIC DIGITAL ACQUISITION | [RDAGW](https://holderbook.com/stocks/RDAGW/) | $26.0K | 40,000 | 0.0% | 2 |
| ARMADA ACQUISITION CORP II | [XRPNW](https://holderbook.com/stocks/XRPNW/) | $23.7K | 25,000 | 0.0% | 2 |
| INFLECTION POINT ACQUISITION | [BACQR](https://holderbook.com/stocks/BACQR/) | $23.4K | 34,430 | 0.0% | 4 |
| CHARLTON ARIA ACQUISITION CO | [CHARR](https://holderbook.com/stocks/CHARR/) | $22.7K | 105,890 | 0.0% | 4 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q3 2025 | +2.1% | +7.8% | -5.7% | 98% |
| Q2 2025 | +2.9% | +10.5% | -7.5% | 93% |
| Q1 2025 | +2.2% | -4.6% | +6.7% | 92% |
| Q4 2024 | +1.5% | +2.1% | -0.6% | 90% |
| Q3 2024 | -4.1% | +5.4% | -9.5% | 84% |
| Q2 2024 | -6.6% | +4.0% | -10.6% | 91% |
| Q1 2024 | +12.6% | +10.0% | +2.5% | 92% |
| Q4 2023 | -2.6% | +11.2% | -13.7% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2025 | $79.2M | 152 |
| Q2 2025 | $65.3M | 123 |
| Q1 2025 | $59.9M | 117 |
| Q4 2024 | $73.8M | 130 |
| Q3 2024 | $95.3M | 154 |
| Q2 2024 | $84.1M | 160 |
| Q1 2024 | $84.1M | 168 |
| Q4 2023 | $70.1M | 174 |
| Q3 2023 | $70.2M | 185 |
| Q2 2023 | $140.7M | 205 |
| Q1 2023 | $308.4M | 183 |
| Q4 2022 | $429.7M | 207 |