Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Black Hawk Acquisition Corp (BKHA)

24 + Investors. Track Smart Money conviction in BKHA. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +4
Streak
1Q ▲
Buyers last Q
60%

Smart Money Signals — BKHA

Based on 24 hedge funds · latest filing: 2026 Q1 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added BKHA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 75% of 3.0Y peak

75% of all-time peak
24 funds currently hold this stock — 75% of the 3.0-year high of 32 funds (reached 2024 Q3). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 20% fewer funds vs a year ago

fund count last 6Q
6 fewer hedge funds hold BKHA compared to a year ago (-20% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟢

More buyers than sellers — 60% buying

6 buying4 selling
Last quarter: 6 funds were net buyers (4 opened a brand new position + 2 added to an existing one). Only 4 were sellers (4 trimmed + 0 sold completely). A clear majority buying is a strong confirmation signal.
➡️

Steady new buyers — ~4 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 3 → 5 → 1 → 4. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 29% entered in last year

■ 4% conviction (2yr+) ■ 67% medium ■ 29% new
Only 1 funds (4%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
📊

Peak discovery — momentum slowing

5 → 3 → 5 → 1 → 4 new funds/Q
New funds entering each quarter: 3 → 5 → 1 → 4. BKHA is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
📊

Mixed cohorts — 4% veterans, 46% new entrants

■ 4% veterans ■ 50% 1-2yr ■ 46% new
Of 24 current holders: 1 (4%) held 2+ years, 12 held 1–2 years, 11 (46%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 5% AUM from top-100

5% from top-100 AUM funds
5 of 24 holders rank in the top 100 by AUM, but together hold only 5% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
2.5
out of 10
Low Exit Risk
Exit risk score 2.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — BKHA

In 2026 Q1, 6 hedge funds were net buyers of BKHA (4 opened a new position, 2 added to an existing one), while 4 reduced or exited (4 trimmed their position) — a 60% buyer ratio, indicating clear institutional accumulation. Net fund flow last quarter: +4 funds (more new holders than closures). Total institutional holders: 24.

Hedge Fund Ownership: BKHA

How many hedge funds hold BKHA — quarterly history vs. share price
Quarterly hedge fund ownership of BKHA vs. share price

Market Analysis: BKHA

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BKHA

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Black Hawk Acquisition Corp (BKHA) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much BKHA has moved relative to its sector benchmark (XLF) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 81d ago
BKHA
nan%
XLF
+8.5%

BKHA outperformed XLF by nan% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 36d ago
BKHA
nan%
XLF
+4.8%

Since the filing became public, BKHA outperformed XLF by nan% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

0 top-rated funds 0 high-conviction
Consensus
0.0
/ 10
breadth
×
Elite
0.1
/ 10
conviction
Hedge Fund Positioning: BKHA
24 + Investors

Track Smart Money conviction in BKHA. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 24 20 20.0%
13F Shares 2M 2M 1.37%
Total Value $23M $22M 3.99%
New Positions 4 1 +3
Increased Positions 2 6 -4
Closed Positions 0 2 -2
Reduced Positions 4 3 +1
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BKHA

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Valuation Measures Data as of: --

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PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
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Institutional Holders (2026 Q1)

24 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in BKHA. Verified SEC 13F-HR filings.

QUARTER:
Top 23 BKHA holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Yakira Capital Management, Inc. 0.30% 88,749 $1.0M
2 Berkley W R Corp 0.19% 309,134 $3.6M
3 RLH Capital LLC 0.17% 29,448 $342K
4 Warberg Asset Management LLC 0.14% 72,323 $841K
5 Crossingbridge Advisors, LLC 0.11% 53,024 $615K
6 Mizuho Securities USA LLC 0.10% 373,800 $4.3M
7 Meteora Capital, LLC 0.08% 89,000 $1.0M
8 Westchester Capital Management, LLC 0.05% 102,000 $1.2M
9 Wolverine Asset Management LLC 0.04% 340,810 $3.9M
10 AQR Arbitrage LLC 0.03% 132,205 $1.5M
11 Quarry LP 0.02% 10,528 $122K
12 Boothbay Fund Management, LLC 0.02% 120,000 $1.4M
13 Polar Asset Management Partners Inc. 0.01% 39,100 $453K
14 Clear Street Group Inc. 0.00% 74,636 $865K
15 Calamos Advisors LLC 0.00% 24,591 $284K
16 D. E. Shaw & Co., Inc. 0.00% 75,000 $866K
17 BNP Paribas Financial Markets 0.00% 4,572 $53K
18 Goldman Sachs Group Inc 0.00% 10,635 $123K
19 Legacy Wealth Managment, LLC/ID 0.00% 2 —
20 Toronto Dominion Bank 0.00% 201 $2K
21 SBI Securities Co., Ltd. 0.00% 2 —
22 UBS Group AG 0.00% 200 $2K
23 Morgan Stanley 0.00% 60 —
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Black Hawk Acquisition Corp (BKHA)

What does the Smart Money Trend signal show for BKHA?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added BKHA than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for BKHA?

More buyers than sellers — 60% buying: Last quarter: 6 funds were net buyers (4 opened a brand new position + 2 added to an existing one). Only 4 were sellers (4 trimmed + 0 sold completely). A clear majority buying is a strong confirmation signal.

What is the fund quality score for BKHA holders?

Smaller funds dominant — 5% AUM from top-100: 5 of 24 holders rank in the top 100 by AUM, but together hold only 5% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BKHA?

Mostly new holders — 29% entered in last year: Only 1 funds (4%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy Black Hawk Acquisition Corp (BKHA) following the 2026 Q1 hedge fund 13F filings?

As of today, BKHA has moved nan% since the 2026 Q1 13F filing date (May 15, 2026), compared to +4.8% for the XLF sector ETF — an outperformance of nan%. Since the quarter end (March 31, 2026), BKHA has gained nan% vs +8.5% for XLF. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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