Black Hawk Acquisition Corporation

BKHAR • NASDAQ

Black Hawk Acquisition Corporation is a blank checks company on NASDAQ. As of Q3 2025, 19 institutional investors hold shares in this company, with total holdings valued at $1.7M. Harraden Circle Investments, LLC is the largest holder with a position valued at $423.3K.

BLANK CHECKS

Country

United States of America

Overview

Overview of institutional ownership in BKHAR as of Q3 2025

All Institutions

Institutions: 19
Value Held: $1.7M
Shares Held: 1.0M
Avg Position: $90.9K
Median Position: $33.5K

Hedge Funds

Hedge Funds: 10
Value Held: $1.1M
Shares Held: 678.1K
Avg Position: $111.6K
Median Position: $58.9K

Biggest Investors

Institutions with the largest positions in BKHAR as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
H Harraden Circle Investments, LLC Hedge Fund•Event Driven	Frederick Vincent Fortmiller Jr Managing Partner	$423.3K 0.09% of portfolio	0.00% 249.0K shares	Q4 2024 Held for 11 months	$476.2M
TORONTO DOMINION BANK Institution	Leo Salom CEO	$415.6K 0.00% of portfolio	0.00% 244.4K shares	Q2 2025 Held for 5 months	$51.2B
H HIGHBRIDGE CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	Jason Keith Hempel CIO	$242.2K 0.04% of portfolio	0.00% 142.5K shares	Q4 2024 Held for 11 months	$597.8M
CNH PARTNERS LLC Hedge Fund•Multi-Strategy	Herbert James Willcox CCO	$148.3K 0.01% of portfolio	0.00% 87.2K shares	Q2 2024 Held for 1y 5m	$2.7B
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	Patrick William Galley CEO	$75.6K 0.00% of portfolio	0.00% 63.0K shares	Q2 2024 Held for 1y 5m	$1.7B
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	Kenneth Cordele Griffin CEO	$75.4K 0.00% of portfolio	0.00% 44.3K shares	Q3 2024 Held for 1y 2m	$122.08B
A ATW SPAC MANAGEMENT LLC Institution	-	$60.1K 0.10% of portfolio	0.00% 35.4K shares	Q2 2024 Held for 1y 5m	$61.6M
BOOTHBAY FUND MANAGEMENT, LLC Fund of Funds	Ari Louis Glass Managing Partner	$51.3K 0.00% of portfolio	0.00% 35.4K shares	Q2 2024 Held for 1y 5m	$3.8B
W WHITEBOX ADVISORS LLC Hedge Fund•Multi-Strategy	Robert Jacob Vogel CIO	$42.5K 0.00% of portfolio	0.00% 25.0K shares	Q1 2025 Held for 8 months	$1.3B
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	Christopher Lazarus Gust CEO	$33.5K 0.00% of portfolio	0.00% 19.7K shares	Q2 2025 Held for 5 months	$1.5B

Net Capital Flow

Institutional buying and selling activity for BKHAR in Q3 2025

Traded: +$12.8K
Buyers: 2
Sellers: 3
Total Bought: +$39.0K
Total Sold: −$26.1K
Avg Position: $86.4K

Biggest Buyers

Institution	Net Bought	Current Position
H HIGHBRIDGE CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$26.1K +15.4K shares	$242.2K 142.5K shares
TORONTO DOMINION BANK Institution	+$12.8K +7.6K shares	$415.6K 244.4K shares

Biggest Sellers

Institution	Net Sold	Current Position
C Crossingbridge Advisors, LLC Long Only Manager	−$19.6K −17.0K shares	Sold Off 0 shares
Walleye Trading LLC RIA/Wealth	−$3.4K −2.0K shares	$22.1K 13.0K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$3.2K −1.9K shares	$75.4K 44.3K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited BKHAR in Q3 2025

New Positions: 0
New Value: -
Exited Positions: 1
Exited Value: $19.6K

New Positions

Institution	Position Value
No new positions found

Exited Positions

Institution	Previous Position
C Crossingbridge Advisors, LLC Long Only Manager	$19.6K 17.0K shares

Options Activity

Institutions with the largest Call and Put options positions in BKHAR as of Q3 2025

Call Positions: 0
Call Value: -
Put Positions: 0
Put Value: -

Call Positions

Institution	Position Value
No call positions found

Put Positions

Institution	Position Value
No put positions found

Most Committed Institutions

Institutions with BKHAR as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
A ATW SPAC MANAGEMENT LLC Institution	-	0.10% $60.1K	0.00% 35.4K shares	Q2 2024 Held for 1y 5m	$61.6M
H Harraden Circle Investments, LLC Hedge Fund•Event Driven	Frederick Vincent Fortmiller Jr Managing Partner	0.09% $423.3K	0.00% 249.0K shares	Q4 2024 Held for 11 months	$476.2M
H HIGHBRIDGE CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	Jason Keith Hempel CIO	0.04% $242.2K	0.00% 142.5K shares	Q4 2024 Held for 11 months	$597.8M
Y Yakira Capital Management, Inc. Hedge Fund•Event Driven	Bruce Mitchell Kallins President	0.01% $30.6K	0.00% 18.0K shares	Q2 2025 Held for 5 months	$243.3M
PERISCOPE CAPITAL INC. Institution	Scott Allen Hayes President	0.01% $28.6K	0.00% 19.7K shares	Q3 2024 Held for 1y 2m	$363.3M
CNH PARTNERS LLC Hedge Fund•Multi-Strategy	Herbert James Willcox CCO	0.01% $148.3K	0.00% 87.2K shares	Q2 2024 Held for 1y 5m	$2.7B
RIVERNORTH CAPITAL MANAGEMENT, LLC Hedge Fund•Multi-Strategy	Patrick William Galley CEO	0.00% $75.6K	0.00% 63.0K shares	Q2 2024 Held for 1y 5m	$1.7B
W WHITEBOX ADVISORS LLC Hedge Fund•Multi-Strategy	Robert Jacob Vogel CIO	0.00% $42.5K	0.00% 25.0K shares	Q1 2025 Held for 8 months	$1.3B
Centiva Capital, LP Hedge Fund•Multi-Strategy	Timothy Michael Higgins CFO	0.00% $33.1K	0.00% 19.4K shares	Q1 2025 Held for 8 months	$1.1B
WOLVERINE ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	Christopher Lazarus Gust CEO	0.00% $33.5K	0.00% 19.7K shares	Q2 2025 Held for 5 months	$1.5B

Hedge Fund Spotlight

Discover hedge funds investing in BKHAR

CNH PARTNERS LLC

Hedge Fund • Multi-Strategy

Portfolio ManagerHerbert James Willcox

Portfolio Value: $2.7B
Positions: 258
Last Reported: Q3 2025

Sector Allocation

Position in Black Hawk Acquisition Corporation

Market Value: $148.3K
Shares Held: 87.2K
Portfolio Weight: 0.01%
Owned Since: 2024-Q2

Top Holding	Sector	Market Value	Weight
1 The Interpublic Group of Companies IPG	Advertising Agencies Communication Services	$101.4M	3.77%
2 ALLETE ALE	Diversified Utilities Utilities	$91.1M	3.39%
3 Sandstorm Gold SAND	Gold Basic Materials	$75.9M	2.82%