Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Black Hawk Acquisition Corp (BKHAR)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +1
Streak
1Q ▲
Buyers last Q
56%

Smart Money Signals — BKHAR

Based on 21 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added BKHAR 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 — 88% of 3.0Y peak

88% of all-time peak
21 funds currently hold this stock — 88% of the 3.0-year high of 24 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 12% fewer funds vs a year ago

fund count last 6Q
3 fewer hedge funds hold BKHAR compared to a year ago (-12% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 56% buying

5 buying4 selling
Last quarter: 5 funds bought or added vs 4 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~2 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 1 → 0 → 1 → 2. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

43% of holders stayed for 2+ years

■ 43% conviction (2yr+) ■ 48% medium ■ 10% new
9 out of 21 hedge funds have held BKHAR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares -14%, value -99%

Value
-99%
Shares
-14%
Last quarter: funds added -14% more shares while total portfolio value only changed -99%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~2 new funds/quarter

4 → 1 → 0 → 1 → 2 new funds/Q
New funds entering each quarter: 1 → 0 → 1 → 2. Consistent flow of new institutional buyers without clear acceleration or slowdown.
📊

Mixed cohorts — 5% veterans, 33% new entrants

■ 5% veterans ■ 62% 1-2yr ■ 33% new
Of 21 current holders: 1 (5%) held 2+ years, 13 held 1–2 years, 7 (33%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
📋

Smaller funds dominant — 2% AUM from top-100

2% from top-100 AUM funds
2 of 21 holders rank in the top 100 by AUM, but together hold only 2% of total institutional value. The stock is held primarily by smaller and mid-sized funds.
2.6
out of 10
Low Exit Risk
Exit risk score 2.6/10 — 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 — BKHAR

In 2026 Q2, 5 hedge funds were net buyers of BKHAR (2 opened a new position, 3 added to an existing one), while 4 reduced or exited (3 trimmed, 1 sold completely) — a 56% buyer ratio, indicating a slight buying edge. Net fund flow last quarter: +1 funds (more new holders than closures). Total institutional holders: 21.

Hedge Fund Ownership: BKHAR

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

Market Analysis: BKHAR

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: BKHAR

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

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

1 top-rated funds 0 high-conviction
Consensus
1.3
/ 10
breadth
×
Elite
0.0
/ 10
conviction
Hedge Fund Positioning: BKHAR
2026 Q3 Stats Unlock in 46 days 20 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 20 20 -
13F Shares 955K 1M -14.3%
Total Value $1M $194M -99.25%
New Positions 1 1 -
Increased Positions 3 1 +2
Closed Positions 1 2 -1
Reduced Positions 3 3 -
Total Calls 0 0 -
Total Puts 0 0 -
PUT/CALL Ratio 0.0 0.0 Bullish

Statistics: BKHAR

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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q2)

20 + investors

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

QUARTER:
Top 20 BKHAR holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Harraden Circle Investments, LLC 0.05% 249,020 $383K
2 Highbridge Capital Management LLC 0.01% 228,133 $338K
3 Yakira Capital Management, Inc. 0.01% 17,749 $27K
4 Rivernorth Capital Management, LLC 0.00% 62,997 $91K
5 Shaolin Capital Management LLC 0.00% 53,041 $82K
6 HGC Investment Management Inc. 0.00% 10,000 $15K
7 Periscope Capital INC. 0.00% 19,700 $30K
8 AQR Arbitrage LLC 0.00% 86,012 $132K
9 Shay Capital LLC 0.00% 11,378 $20K
10 Westchester Capital Management, LLC 0.00% 9,923 $15K
11 Boothbay Fund Management, LLC 0.00% 35,375 $54K
12 Polar Asset Management Partners Inc. 0.00% 20,000 $31K
13 Whitebox Advisors LLC 0.00% 25,000 $38K
14 Longfellow Investment Management Co LLC 0.00% 1,511 $2K
15 Centiva Capital, LP 0.00% 19,445 $30K
16 Wolverine Asset Management LLC 0.00% 16,004 $25K
17 Clear Street Group Inc. 0.00% 54,300 $84K
18 Toronto Dominion Bank 0.00% 20,000 $31K
19 D. E. Shaw & Co., Inc. 0.00% 15,000 $23K
20 UBS Group AG 0.00% 135 —
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 (BKHAR)

What does the Smart Money Trend signal show for BKHAR?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added BKHAR 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 BKHAR?

Slight buying edge — 56% buying: Last quarter: 5 funds bought or added vs 4 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for BKHAR holders?

Smaller funds dominant — 2% AUM from top-100: 2 of 21 holders rank in the top 100 by AUM, but together hold only 2% of total institutional value. The stock is held primarily by smaller and mid-sized funds.

How long have hedge funds held BKHAR?

43% of holders stayed for 2+ years: 9 out of 21 hedge funds have held BKHAR for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

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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