AS
Atw Spac Management LLC Historical SEC 13F Holdings & Archive (Q3 2025)
Atw Spac Management LLCCIK: 0001878495
Diversified strategyContrarianHigh-turnover trader
Total reported value
$79.2M
Reporting period: 2025-09-30 · Number of holdings: 152
ATW SPAC MANAGEMENT LLC disclosed 152 holdings in its latest 13F filing for the period ending 2025-09-30, with total reported value of $79.2M and a quarterly turnover rate of 83.6%.
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Personality snowflake
- Concentration
- 13.51
- Portfolio Stability
- 83.58
- Momentum
- 0
- Sector conviction
- 0
- Diversification
- 100
- Sizing Uniformity
- 79.6
Sector classification currently covers about 0% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govTrim G1148A101
-59.7% -$1.8B
Trim G2847J104
-12.3% -$576.4M
Trim TBMC
0.0% -$950.0M
Sold out G01490112
Sold out G04537117
New buy G4R12K123
Holdings Map
New buyAddUnchangedTrim
Institutional Game-State Analysis
Core Intent
ATW SPAC Management is executing a full-scale capital rotation: liquidating legacy SPAC holdings to fund entry into a new set of de-SPAC names. This isn't defensive positioning—it's a deliberate system of harvesting gains from completed deals and seeding the next cycle of arbitrage opportunities.
Macro & Fundamentals
By recycling capital into fresh pre-merger SPACs, the fund is betting that the issuance and de-SPAC pipeline will remain robust, requiring a risk-on macro environment with accommodative liquidity. The opposing thesis is that a tightening regime—whether from higher interest rates, regulatory clampdowns, or a drop in sponsor credibility—could simultaneously depress both legacy and new SPAC positions, leaving the rapid turnover strategy buying into a downturn while exiting into a vacuum.
Blind Spots / Risks
The portfolio's 100 diversification score is a statistical illusion: all positions are effectively leveraged to the same SPAC ecosystem, so when an industry-wide liquidity event hits—such as a wave of failed mergers or adverse regulation—correlations converge, and the supposed diversification vanishes. The 83.58 turnover then turns the fund into a forced participant in its own liquidity squeeze, as new buys meet fading demand and exits accelerate a reflexive price spiral.
Generated by AI directly from this institution's Form 13F disclosures on SEC EDGAR. Reflects historical positioning only and should not be treated as investment advice — the original filing is linked below for verification. View the original 2025-09-30 Form 13F filing on SEC.gov
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | YCY-UN | AA Mission Acquisition Corp. II | Stock-Other | 8.62% | — | -7.15% | |
| 2 | ✓ | Horizon Space Acquisition Ii | Stock-Other | 7.52% | — | — | |
| 3 | ✓ | Drugs Made In Amer Acqutn Co | Stock-Other | 6.48% | -3.05% | -12.28% | |
| 4 | ✓ | A Spac Iii Acquisition CORP | Stock-Other | 5.08% | — | — | |
| 5 | ✓ | Rising Dragon Acquisition Co | Stock-Other | 4.70% | — | — | |
| 6 | ✓ | Stock-Other | 4.05% | — | — | ||
| 7 | ✓ | Future Vision Ii Acquisition | Stock-Other | 3.82% | — | — | |
| 8 | ✓ | Charlton Aria Acquisition Co | Stock-Other | 3.62% | — | -9.28% | |
| 9 | ✓ | Stock-Other | 2.56% | +2.56% | NEW | ||
| 10 | ✓ | Otg Acquisition CORP. I | Stock-Other | 2.22% | +2.22% | NEW | |
| 11 | ✓ | Emmis Acquisition CORP. | Stock-Other | 2.21% | +2.21% | NEW | |
| 12 | ✓ | Best Spac I Acquisition CORP | Stock-Other | 2.08% | +2.08% | NEW | |
| 13 | TBMC | Trailblazer Merger CORP I | Stock-Other | 1.97% | -2.22% | — | |
| 14 | ✓ | Starry Sea Acquisition Corp | Stock-Other | 1.92% | +1.92% | NEW | |
| 15 | ✓ | Stock-Other | 1.89% | +1.89% | NEW | ||
| 16 | ✓ | Cohen Circle Acquisit CORP I | Stock-Other | 1.79% | +1.79% | NEW | |
| 17 | ✓ | Stonebridge Acquisition Ii C | Stock-Other | 1.73% | +1.73% | NEW | |
| 18 | ✓ | Black Hawk Acquisition CORP | Stock-Other | 1.68% | -3.56% | -59.74% | |
| 19 | ✓ | A Paradise Acquisition CORP | Stock-Other | 1.57% | +1.57% | NEW | |
| 20 | ✓ | Stock-Other | 1.54% | +1.54% | NEW | ||
| 21 | ✓ | Blue Wtr Acquisition CORP. I | Stock-Other | 1.41% | +1.41% | NEW | |
| 22 | ✓ | Stock-Other | 1.31% | +1.31% | NEW | ||
| 23 | ✓ | Stock-Other | 1.28% | +1.28% | NEW | ||
| 24 | ✓ | Silver Pegasus Acquisition C | Stock-Other | 1.28% | +1.28% | NEW | |
| 25 | ✓ | Stock-Other | 1.28% | +1.28% | NEW | ||
| 26 | ✓ | American Exceptionalism Acqu | Stock-Other | 1.28% | +1.28% | NEW | |
| 27 | ✓ | Stock-Other | 1.26% | +1.26% | NEW | ||
| 28 | ✓ | Stock-Other | 1.09% | +1.09% | NEW | ||
| 29 | ✓ | Stock-Other | 1.05% | +1.05% | NEW | ||
| 30 | ✓ | Blue Acquisition CORP. | Stock-Other | 1.03% | +1.03% | NEW | |
| 31 | ✓ | Stock-Other | 0.97% | +0.97% | NEW | ||
| 32 | ✓ | Stock-Other | 0.96% | +0.96% | NEW | ||
| 33 | ✓ | Bain Cap Gss Invt CORP | Stock-Other | 0.96% | +0.96% | NEW | |
| 34 | ✓ | Nmp Acquisition CORP | Stock-Other | 0.94% | +0.94% | NEW | |
| 35 | ✓ | Texas Ventures Acquisition I | Stock-Other | 0.88% | +0.88% | NEW | |
| 36 | ✓ | Columbus Circle Cap CORP. I | Stock-Other | 0.80% | +0.80% | NEW | |
| 37 | ✓ | Oxley Bridge Acq LTD | Stock-Other | 0.80% | +0.80% | NEW | |
| 38 | ✓ | Galata Acquisition CORP Ii | Stock-Other | 0.79% | +0.79% | NEW | |
| 39 | ✓ | Stock-Other | 0.70% | +0.70% | NEW | ||
| 40 | ✓ | Indigo Acquisition CORP | Stock-Other | 0.66% | +0.66% | NEW | |
| 41 | ✓ | Spring Vy Acquisition CORP I | Stock-Other | 0.65% | +0.65% | NEW | |
| 42 | ✓ | M3-brigade Acquisition Vi Co | Stock-Other | 0.64% | +0.64% | NEW | |
| 43 | ✓ | Highview Merger CORP | Stock-Other | 0.64% | +0.64% | NEW | |
| 44 | ✓ | Stock-Other | 0.63% | +0.63% | NEW | ||
| 45 | ✓ | Stock-Other | 0.63% | +0.63% | NEW | ||
| 46 | ✓ | Stock-Other | 0.63% | +0.63% | NEW | ||
| 47 | ✓ | Stock-Other | 0.62% | — | -39.75% | ||
| 48 | ✓ | Kochav Defense Acqui Co S | Stock-Other | 0.59% | — | — | |
| 49 | ✓ | Stock-Other | 0.51% | — | — | ||
| 50 | ✓ | Eqv Ventures Ac CORP. Ii | Stock-Other | 0.50% | — | — |
1–50 of 152
Reported value over time
Sector allocation
Not enough sector-mapped data yet
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2025 Q3 | 152 | $79.2M | 84 | ||
| 2025 Q2 | 124 | $65.3M | 0 | ||
| 2025 Q1 | 117 | $59.9M | 100 | ||
| 2024 Q4 | 130 | $73.8M | 0 | ||
| 2024 Q3 | 155 | $95.3M | 0 | ||
| 2024 Q2 | 162 | $84.1M | 0 | ||
| 2024 Q1 | 169 | $84.1M | 0 | ||
| 2023 Q4 | 176 | $70.1M | 0 | ||
| 2023 Q3 | 185 | $70.2M | 0 | ||
| 2023 Q2 | 205 | $140.7M | 0 | ||
| 2023 Q1 | 183 | $308.4M | 0 | 128201D237961B367022R | |
| 2022 Q4 | 207 | $429.7M | 0 | 1G0703K228201D337961B | |
| 2022 Q3 | 308 | $627.2M | 0 | ||
| 2022 Q2 | 313 | $697.6M | 0 | ||
| 2022 Q1 | 290 | $738.1M | 0 | ||
| 2021 Q4 | 175 | $650.0M | 0 | ||
| 2021 Q3 | 156 | $535.6M | 0 | ||
| 2021 Q2 | 129 | $388.3M | 0 |
Holding changes this quarter
Atw Spac Management LLC's most significant position changes for 2025-09-30: Sold out: Ai Transn Acquisition CORP; Sold out: Archimedes Tech Spac Partner; New buy: ; Sold out: Eureka Acquisition CORP; New buy: Otg Acquisition CORP. I.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | TBMC | Trailblazer Merger CORP I | -2.2% | — | Trim |
| 2 | ✓ | Drugs Made In Amer Acqutn Co | -3.1% | -12.28% | Trim |
| 3 | ✓ | Black Hawk Acquisition CORP | -3.6% | -59.74% | Trim |
| 4 | ✓ | Ai Transn Acquisition CORP | — | EXIT | Sold out |
| 5 | ✓ | Archimedes Tech Spac Partner | — | EXIT | Sold out |
| 6 | ✓ | — | NEW | New buy | |
| 7 | ✓ | Eureka Acquisition CORP | — | EXIT | Sold out |
| 8 | ✓ | Otg Acquisition CORP. I | — | NEW | New buy |
| 9 | ✓ | Emmis Acquisition CORP. | — | NEW | New buy |
| 10 | ✓ | Best Spac I Acquisition CORP | — | NEW | New buy |
| 11 | ✓ | Starry Sea Acquisition Corp | — | NEW | New buy |
| 12 | ✓ | — | NEW | New buy | |
| 13 | ✓ | Cohen Circle Acquisit CORP I | — | NEW | New buy |
| 14 | ✓ | Stonebridge Acquisition Ii C | — | NEW | New buy |
| 15 | ✓ | — | EXIT | Sold out | |
| 16 | ✓ | — | EXIT | Sold out | |
| 17 | ✓ | Columbus Acquisition CORP | — | EXIT | Sold out |
| 18 | ✓ | A Paradise Acquisition CORP | — | NEW | New buy |
| 19 | ✓ | — | NEW | New buy | |
| 20 | ✓ | Blue Wtr Acquisition CORP. I | — | NEW | New buy |
| 21 | ✓ | — | NEW | New buy | |
| 22 | ✓ | Silver Pegasus Acquisition C | — | NEW | New buy |
| 23 | ✓ | — | NEW | New buy | |
| 24 | ✓ | — | NEW | New buy | |
| 25 | ✓ | American Exceptionalism Acqu | — | NEW | New buy |
| 26 | ✓ | — | NEW | New buy | |
| 27 | FGMC | Fg Merger Ii CORP | — | EXIT | Sold out |
| 28 | ✓ | — | NEW | New buy | |
| 29 | ✓ | — | NEW | New buy | |
| 30 | ✓ | Blue Acquisition CORP. | — | NEW | New buy |
| 31 | ✓ | Aifeex Nexus Acquisition Cor | — | EXIT | Sold out |
| 32 | ✓ | — | NEW | New buy | |
| 33 | ✓ | — | NEW | New buy | |
| 34 | ✓ | Bain Cap Gss Invt CORP | — | NEW | New buy |
| 35 | ✓ | Nmp Acquisition CORP | — | NEW | New buy |
| 36 | ✓ | Flag Ship Acquisition CORP | — | EXIT | Sold out |
| 37 | ✓ | Texas Ventures Acquisition I | — | NEW | New buy |
| 38 | BZAI | Blaize Holdings Inc | — | EXIT | Sold out |
| 39 | ✓ | Columbus Circle Cap CORP. I | — | NEW | New buy |
| 40 | ✓ | Oxley Bridge Acq LTD | — | NEW | New buy |
| 41 | ✓ | Galata Acquisition CORP Ii | — | NEW | New buy |
| 42 | ✓ | — | NEW | New buy | |
| 43 | ✓ | Indigo Acquisition CORP | — | NEW | New buy |
| 44 | ✓ | Spring Vy Acquisition CORP I | — | NEW | New buy |
| 45 | ✓ | Highview Merger CORP | — | NEW | New buy |
| 46 | ✓ | M3-brigade Acquisition Vi Co | — | NEW | New buy |
| 47 | ✓ | — | NEW | New buy | |
| 48 | ✓ | — | NEW | New buy | |
| 49 | ✓ | — | NEW | New buy | |
| 50 | EMCGR | Embrace Change Acquisition Corp | — | EXIT | Sold out |
Filing History
FAQ
What is Atw Spac Management LLC and what type of investor is it?
Atw Spac Management LLC is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2025-09-30), the firm manages a tracked equity portfolio valued at approximately $79.2M, spread across 152 disclosed positions.
What are Atw Spac Management LLC's largest equity positions?
Based on the latest 13F filing, Atw Spac Management LLC's top holdings by market value are:
1. AA Mission Acquisition Corp. II (YCY-UN) — $6.8M (8.6%)
2. Horizon Space Acquisition Ii — $6.0M (7.5%)
3. Drugs Made In Amer Acqutn Co — $5.1M (6.5%)
4. A Spac Iii Acquisition CORP — $4.0M (5.1%)
5. Rising Dragon Acquisition Co — $3.7M (4.7%)
What changes did Atw Spac Management LLC make in its most recent portfolio filing?
In the latest reported quarter, Atw Spac Management LLC made 50 notable position adjustments: 36 new positions were initiated, 0 existing holdings were added to, 3 positions were partially reduced, and 11 were completely exited. The largest of these moves: Sold out: Ai Transn Acquisition CORP; Sold out: Archimedes Tech Spac Partner; New buy: ; Sold out: Eureka Acquisition CORP; New buy: Otg Acquisition CORP. I
What sectors does Atw Spac Management LLC focus on?
Sector breakdown data is not yet available for Atw Spac Management LLC. Check back after the next 13F processing cycle.
Investment Profile
Atw Spac Management LLC's portfolio is broadly diversified and fast-trading.
Its turnover score has risen from 0 to 84 over the past 4 quarters — a shift toward more active trading.
It has added to its HORIZON SPACE ACQUISITION II position over the past two quarters (+$149.5K, now $6.0M), while trimming TBMC over the same stretch (-$950.0K, still holding $1.6M).
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Developer Access
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