# BLACK SPADE ACQUISITION III (BIII)

> Institutional ownership reported to the SEC as of Q2 2026, from Form 13F filings. Source: https://holderbook.com/stocks/BIII/

- Reporting holders: 40
- Reported value: $138.4M
- Held through calls: 0.0%
- Held through puts: 0.0%

A 13F reports long US equity positions only. Shorts, bonds, foreign listings and cash are not visible here, and positions are disclosed up to 45 days after the quarter ends.

## Largest holders

| Manager | Value | Shares | Share of their book | Quarters held |
|---|---|---|---|---|
| [ARISTEIA CAPITAL, L.L.C.](https://holderbook.com/funds/1080171-aristeia-capital-l-l-c/) | $10.9M | 1,100,000 | 0.1% | 2 |
| [TENOR CAPITAL MANAGEMENT Co., L.P.](https://holderbook.com/funds/1346554-tenor-capital-management-co-l-p/) | $9.9M | 1,000,000 | 0.1% | 2 |
| [Magnetar Financial LLC](https://holderbook.com/funds/1352851-magnetar-financial-llc/) | $9.9M | 999,993 | 0.1% | 2 |
| [HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND](https://holderbook.com/funds/1535845-healthcare-of-ontario-pension-plan-trust-fund/) | $8.2M | 825,000 | 0.0% | 2 |
| [AQR Arbitrage LLC](https://holderbook.com/funds/1167456-aqr-arbitrage-llc/) | $7.6M | 760,440 | 0.1% | 2 |
| [MILLENNIUM MANAGEMENT LLC](https://holderbook.com/funds/1273087-millennium-management-llc/) | $7.5M | 750,000 | 0.0% | 2 |
| [Fort Baker Capital Management LP](https://holderbook.com/funds/1688382-fort-baker-capital-management-lp/) | $7.0M | 700,000 | 0.5% | 2 |
| [SONA ASSET MANAGEMENT (US) LLC](https://holderbook.com/funds/1856405-sona-asset-management-us-llc/) | $6.0M | 600,000 | 0.1% | 1 |
| [Wealthspring Capital LLC](https://holderbook.com/funds/1844495-wealthspring-capital-llc/) | $5.5M | 551,820 | 1.2% | 1 |
| [GLAZER CAPITAL, LLC](https://holderbook.com/funds/1076809-glazer-capital-llc/) | $5.0M | 500,024 | 0.1% | 2 |
| [Alberta Investment Management Corp](https://holderbook.com/funds/1463559-alberta-investment-management-corp/) | $5.0M | 500,000 | 0.0% | 2 |
| [BNP PARIBAS FINANCIAL MARKETS](https://holderbook.com/funds/1166588-bnp-paribas-financial-markets/) | $4.4M | 439,560 | 0.0% | 2 |
| [Periscope Capital Inc.](https://holderbook.com/funds/1695320-periscope-capital-inc/) | $4.2M | 418,800 | 0.4% | 2 |
| [PICTON MAHONEY ASSET MANAGEMENT](https://holderbook.com/funds/1539041-picton-mahoney-asset-management/) | $3.7M | 375,000 | 0.0% | 2 |
| [Radcliffe Capital Management, L.P.](https://holderbook.com/funds/1218275-radcliffe-capital-management-l-p/) | $3.7M | 369,263 | 0.3% | 2 |
| [First Trust Capital Management L.P.](https://holderbook.com/funds/1604488-first-trust-capital-management-l-p/) | $3.5M | 350,000 | 0.2% | 2 |
| [Shaolin Capital Management LLC](https://holderbook.com/funds/1766806-shaolin-capital-management-llc/) | $2.8M | 282,712 | 0.1% | 2 |
| [WHITEBOX ADVISORS LLC](https://holderbook.com/funds/1257391-whitebox-advisors-llc/) | $2.7M | 276,200 | 0.0% | 2 |
| [BERKLEY W R CORP](https://holderbook.com/funds/11544-berkley-w-r-corp/) | $2.7M | 273,849 | 0.1% | 2 |
| [Linden Advisors LP](https://holderbook.com/funds/1279396-linden-advisors-lp/) | $2.5M | 250,000 | 0.0% | 2 |
| [MMCAP International Inc. SPC](https://holderbook.com/funds/1304857-mmcap-international-inc-spc/) | $2.5M | 250,000 | 0.2% | 1 |
| [Mint Tower Capital Management B.V.](https://holderbook.com/funds/1666606-mint-tower-capital-management-b-v/) | $2.2M | 225,000 | 0.3% | 2 |
| [Hudson Bay Capital Management LP](https://holderbook.com/funds/1393825-hudson-bay-capital-management-lp/) | $2.2M | 225,000 | 0.0% | 2 |
| [TWO SIGMA INVESTMENTS, LP](https://holderbook.com/funds/1179392-two-sigma-investments-lp/) | $2.0M | 201,517 | 0.0% | 2 |
| [Context Capital Management, LLC](https://holderbook.com/funds/1301396-context-capital-management-llc/) | $2.0M | 200,601 | 0.0% | 2 |

## Quarter by quarter

| Quarter | Holders | Reported value |
|---|---|---|
| Q2 2026 | 40 | $138.4M |
| Q1 2026 | 31 | $111.9M |