Spartan Fund Management Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Spartan Fund Management Inc. reported 63 stock positions worth $29.7 million. Its top holding was Teva Pharmaceutical-SP ADR (TEVA) at 11.0% of the portfolio, followed by Dynamix (DYNC, 6.6%) and Rigel Resource Acquisit Class A (RRACF, 5.8%). Compared with Q3 2024, it opened 25 new positions, sold out of 22, added to 12 and reduced 5. The biggest buy was a new position in Dynamix (DYNC) and the biggest sale an exit from Apx Acquisition Corp. I (APXIF).
- Most Recent 13F
- Q4 2024
- Location
- TORONTO, ONTARIO, Z4
- CIK
- 0001930346
- Portfolio Value
- $29.7M (Q4 2024)
- SEC Filing
- 0001930346-25-000001 ↗ filed Feb 14, 2025
Holdings Value
Holdings 63 stocks · $29.7M
| TEVA Teva Pharmaceutical-SP ADR | 10.99% | 148,300 | $3.3M | No change |
| DYNC Dynamix Corp. | 6.58% | 200,000 | $2.0M | New |
| RRACF Rigel Resource Acquisit Class A | 5.85% | 151,239 | $1.7M | Add +51.2% |
| TAVIU Tavia Acquisition Corp. | 5.06% | 150,000 | $1.5M | New |
| BFACF Battery Future Acquisition-A | 5.06% | 131,606 | $1.5M | Add +159.3% |
| PHYTF Pyrophyte Acquisition Corp. Class A | 4.94% | 128,659 | $1.5M | No change |
| BMO Bank of Montreal filed as BANK MONTREAL QUE | 4.63% | 14,200 | $1.4M | New |
| RANGU Range Capital Acquisition Co. | 4.22% | 125,000 | $1.3M | New |
| VMD Viemed Healthcare Inc. | 4.03% | 149,427 | $1.2M | No change |
| F Ford Motor Co. filed as FORD MTR CO | 3.43% | 102,900 | $1.0M | Add +7.2% |
| ASPCU A Spac III Acquisition Corp. | 3.39% | 100,000 | $1.0M | New |
| NOEMU CO2 Energy Transition Corp. | 3.37% | 100,000 | $1.0M | New |
| MLACU Mountain Lake Acquisition Co. | 3.37% | 100,000 | $1.0M | New |
| FTW Eqv Ventures Acquisition C-A | 3.36% | 100,000 | $998K | No change |
| TLGYF TLGY Acquisition Corp. Class A | 3.33% | 85,083 | $990K | Add +41.6% |
| MRLN Merlin Inc. filed as BLEICHROEDER ACQUISITION COR | 3.32% | 100,000 | $986K | New |
| KVACF Keen Vision Acquisition Corp. | 2.62% | 70,942 | $779K | New |
| EGRVF Evergreen Corporation Class A | 2.07% | 51,845 | $616K | Add +0.5% |
| C Citigroup Inc. | 2.01% | 8,500 | $598K | New |
| UCFI CN Healthy Food Tech Group C filed as IRON HORSE ACQUISITIONS CORP | 1.81% | 52,200 | $537K | Add +2272.7% |
| AITR AI Transportation Acquisitio | 1.69% | 46,813 | $504K | New |
| CM Can Imperial BK of Commerce filed as CANADIAN IMPERIAL BK COMM | 1.59% | 7,500 | $474K | New |
| HCVI Hennessy Capital Invest Class A | 1.34% | 37,587 | $398K | Reduce -75.2% |
| HSPTU Horizon Space Acquisition II | 1.18% | 35,000 | $351K | New |
| RENEF Cartesian Growth Corp. II- A | 0.99% | 25,264 | $295K | New |
| BUJA Bukit Jalil Global Acquisiti | 0.94% | 25,011 | $280K | No change |
| QSR Restaurant Brands Intern | 0.80% | 3,650 | $238K | Add +21.7% |
| FCX Freeport-McMoran Inc. | 0.64% | 5,000 | $190K | New |
| AR Antero Resources Corp. | 0.53% | 4,500 | $158K | No change |
| CAPN Cayson Acquisition Corp. | 0.52% | 15,257 | $154K | Reduce -85.5% |
| SOC Sable Offshore Corp. | 0.47% | 6,059 | $139K | Reduce -10.4% |
| BNS Bank of Nova Scotia filed as BANK NOVA SCOTIA HALIFAX | 0.47% | 2,580 | $139K | No change |
| URA Global X Uranium ETF | 0.45% | 5,000 | $134K | New |
| SLV iShares Silver Trust | 0.44% | 5,000 | $132K | Add +400.0% |
| MOS The Mosaic Co. | 0.41% | 5,000 | $123K | New |
| APA Apa Corp. | 0.39% | 5,000 | $115K | New |
| AIMTF Aimfinity Investment-Subunit | 0.35% | 8,863 | $104K | New |
| LATG Chenghe Acquisition I Co. | 0.33% | 10,640 | $99K | Reduce -91.5% |
| UROY Uranium Royalty Corp. | 0.28% | 38,395 | $84K | No change |
| EGSVF Evergreen Corp. | 0.25% | 6,386 | $76K | Add +364.1% |
| NXE Nexgen Energy Ltd. | 0.25% | 11,217 | $74K | No change |
| GFL GFL Environmental Inc.-Sub VT | 0.22% | 1,500 | $67K | No change |
| DOO BRP Inc./Ca- Sub Voting | 0.21% | 1,211 | $62K | No change |
| PLAOF Patria Latin American Opport | 0.19% | 4,734 | $55K | Add +12.7% |
| PFE Pfizer Inc. | 0.18% | 2,000 | $53K | Reduce -60.0% |
| DNUT Krispy Kreme Inc. | 0.17% | 5,000 | $50K | Add +150.0% |
| OVV Ovintiv Inc. | 0.17% | 1,216 | $49K | No change |
| VTLE Vital Energy Inc. | 0.16% | 1,567 | $48K | No change |
| DNN Denison Mines Corp. | 0.15% | 25,000 | $45K | No change |
| OAKU Oak Woods Acquisition Corp. Class A | 0.13% | 3,299 | $37K | New |
| PHYUF Pyrophyte Acquisition Corp. | 0.11% | 2,943 | $33K | No change |
| CHRD Chord Energy Corp. | 0.10% | 264 | $31K | No change |
| HCVIU Hennessy Capital Investment | 0.10% | 2,726 | $29K | Add +88.0% |
| VAL Valaris Ltd. | 0.07% | 500 | $22K | No change |
| MSOS Advisorshares Pure US Cann | 0.06% | 5,000 | $19K | New |
| HLIO Helios Technologies Inc. | 0.06% | 9,000 | $18K | New |
| AG First Majestic Silver Corp. | 0.05% | 2,628 | $14K | No change |
| CLF Cleveland-Cliffs Inc. | 0.04% | 1,225 | $12K | New |
| TDW Tidewater Inc. | 0.04% | 200 | $11K | No change |
| LMNR Limoneira Co. | 0.03% | 321 | $8K | No change |
| KVAUF Keen Vision Acquisition Corp. | 0.02% | 427 | $5K | New |
| REEUF Cartesian Growth Corp. II | 0.00% | 101 | $1K | New |
| ANSCU Agriculture & Natural Soluti | 0.00% | 2 | $21 | No change |
Other holdings (18): bonds, preferreds, convertibles and warrants · $219K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | 137,500 | $36K | New |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | 200,000 | $34K | New |
| DMYYW DMY Squared Technology GR-27 | *W EXP 99/99/999 | 114,478 | $27K | Reduce -18.7% |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 92,441 | $25K | Reduce -21.4% |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | 124,800 | $19K | Reduce -16.8% |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | 110,000 | $18K | No change |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | 105,000 | $13K | New |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 33,333 | $12K | New |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 50,000 | $8K | No change |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 53,305 | $8K | No change |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 49,937 | $8K | Reduce -0.2% |
| RFAIR RF Acquisition Corp. II | RIGHT 05/01/2026 | 73,300 | $4K | No change |
| ATMVR Alphavest Acquisition Co.-RT | RIGHT 01/22/2026 | 35,758 | $4K | No change |
| AIMWF Aimfinity Investment-CW27 | *W EXP 99/99/999 | 307,506 | $2K | Reduce -33.0% |
| PERCEPTION CAPITAL CORP IV | *W EXP 99/99/999 | 71,408 | $2K | Reduce -27.8% |
| HCVIW Hennessy Capital Inv A -CW27 | *W EXP 99/99/999 | 3,040 | $368 | No change |
| GLLIW Globalink Investment -CW23 | *W EXP 12/03/202 | 55,549 | $267 | Reduce -55.6% |
| PLAOW Patria Latin American-CW27 | *W EXP 99/99/999 | 91 | $3 | New |
Total filed on the 13F, all lines: $30.0M.
Portfolio Sells Q3 2024 → Q4 2024
| APXIF Apx Acquisition Corp. I | Sold out | 0.00% | −5.46 |
| MCAA Mountain & Co. I Acquisition | Sold out | 0.00% | −5.27 |
| WELNF Integrated Wellness Acq - A | Sold out | 0.00% | −5.22 |
| BURTECH ACQUISITION CORP | Sold out | 0.00% | −5.13 |
| FRLA Fortune Rise Acquisition Cor | Sold out | 0.00% | −4.60 |
| ZLSSF Zalatoris II Acquisition Cor | Sold out | 0.00% | −4.60 |
| LATG Chenghe Acquisition I Co. | Reduce -91.5% | 0.33% | −4.06 |
| HCVI Hennessy Capital Invest Class A | Reduce -75.2% | 1.34% | −3.95 |
| NFSCF Enphys Acquisition Corp. | Sold out | 0.00% | −3.94 |
| BSIIU Black Spade Acquisition II C | Sold out | 0.00% | −3.02 |
| TCOA Zalatoris Acquisition Corp. | Sold out | 0.00% | −2.95 |
| CAPN Cayson Acquisition Corp. | Reduce -85.5% | 0.52% | −2.67 |
| SVIIF Spring Valley Acquisition-A | Sold out | 0.00% | −1.77 |
| ALPHAVEST ACQUISITION CORP | Sold out | 0.00% | −1.65 |
| AAM.U Aa Mission Acquisition Corp. | Sold out | 0.00% | −1.52 |
| TONT Graf Global Corp. Class A | Sold out | 0.00% | −1.36 |
| HSPOF Horizon Space Acquisition I | Sold out | 0.00% | −1.11 |
| SLAMF Slam Corp. Class A | Sold out | 0.00% | −0.84 |
| DTSQU DT Cloud Star Acquisition Co. | Sold out | 0.00% | −0.76 |
| RCFAF Perception Capital Corp. IV | Sold out | 0.00% | −0.70 |
| SII Sprott Inc. | Sold out | 0.00% | −0.52 |
| PFE Pfizer Inc. | Reduce -60.0% | 0.18% | −0.26 |
| CHEB.U Chenghe Acquisition II Co. | Sold out | 0.00% | −0.21 |
| SOC Sable Offshore Corp. | Reduce -10.4% | 0.47% | −0.02 |
| ESHA Esh Acquisition Corp. Class A | Sold out | 0.00% | −0.00 |
| PLAOU Patria Latin American Opport | Sold out | 0.00% | −0.00 |
| GLACF Global Lights Acquisition Co. | Sold out | 0.00% | −0.00 |
Portfolio Buys Q3 2024 → Q4 2024
| DYNC Dynamix Corp. | New | 6.58% | +6.58 |
| TAVIU Tavia Acquisition Corp. | New | 5.06% | +5.06 |
| BMO Bank of Montreal | New | 4.63% | +4.63 |
| RANGU Range Capital Acquisition Co. | New | 4.22% | +4.22 |
| ASPCU A Spac III Acquisition Corp. | New | 3.39% | +3.39 |
| NOEMU CO2 Energy Transition Corp. | New | 3.37% | +3.37 |
| MLACU Mountain Lake Acquisition Co. | New | 3.37% | +3.37 |
| BFACF Battery Future Acquisition-A | Add +159.3% | 5.06% | +3.36 |
| MRLN Merlin Inc. | New | 3.32% | +3.32 |
| KVACF Keen Vision Acquisition Corp. | New | 2.62% | +2.62 |
| RRACF Rigel Resource Acquisit Class A | Add +51.2% | 5.85% | +2.36 |
| C Citigroup Inc. | New | 2.01% | +2.01 |
| UCFI CN Healthy Food Tech Group C | Add +2272.7% | 1.81% | +1.74 |
| AITR AI Transportation Acquisitio | New | 1.69% | +1.69 |
| CM Can Imperial BK of Commerce | New | 1.59% | +1.59 |
| TLGYF TLGY Acquisition Corp. Class A | Add +41.6% | 3.33% | +1.23 |
| HSPTU Horizon Space Acquisition II | New | 1.18% | +1.18 |
| RENEF Cartesian Growth Corp. II- A | New | 0.99% | +0.99 |
| FCX Freeport-McMoran Inc. | New | 0.64% | +0.64 |
| URA Global X Uranium ETF | New | 0.45% | +0.45 |
| MOS The Mosaic Co. | New | 0.41% | +0.41 |
| APA Apa Corp. | New | 0.39% | +0.39 |
| SLV iShares Silver Trust | Add +400.0% | 0.44% | +0.36 |
| F Ford Motor Co. | Add +7.2% | 3.43% | +0.35 |
| AIMTF Aimfinity Investment-Subunit | New | 0.35% | +0.35 |
| EGRVF Evergreen Corporation Class A | Add +0.5% | 2.07% | +0.25 |
| EGSVF Evergreen Corp. | Add +364.1% | 0.25% | +0.21 |
| QSR Restaurant Brands Intern | Add +21.7% | 0.80% | +0.14 |
| OAKU Oak Woods Acquisition Corp. Class A | New | 0.13% | +0.13 |
| DNUT Krispy Kreme Inc. | Add +150.0% | 0.17% | +0.10 |
| MSOS Advisorshares Pure US Cann | New | 0.06% | +0.06 |
| HLIO Helios Technologies Inc. | New | 0.06% | +0.06 |
| HCVIU Hennessy Capital Investment | Add +88.0% | 0.10% | +0.05 |
| CLF Cleveland-Cliffs Inc. | New | 0.04% | +0.04 |
| PLAOF Patria Latin American Opport | Add +12.7% | 0.19% | +0.04 |
| KVAUF Keen Vision Acquisition Corp. | New | 0.02% | +0.02 |
| REEUF Cartesian Growth Corp. II | New | 0.00% | +0.00 |
Notes & Other Activity Q3 2024 → Q4 2024
| DYNCW Dynamix Corp. - 29 | *W EXP 10/25/202 | New | 137,500 | $36K |
| BACQR Inflection Point Acquisition | RIGHT 11/04/2026 | New | 200,000 | $34K |
| DMYYW DMY Squared Technology GR-27 | *W EXP 99/99/999 | Reduce -18.7% | 114,478 | $27K |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | Reduce -21.4% | 92,441 | $25K |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | Reduce -16.8% | 124,800 | $19K |
| CAPNR Cayson Acquisition Corp. | RIGHT 99/99/9999 | New | 105,000 | $13K |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | New | 33,333 | $12K |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | Reduce -0.2% | 49,937 | $8K |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | Sold out | 115,276 | $6Kbefore exit |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | Sold out | 49,200 | $5Kbefore exit |
| CCIXW Churchill Capital Corp. I-29 | *W EXP 03/31/203 | Sold out | 12,500 | $4Kbefore exit |
| AIMWF Aimfinity Investment-CW27 | *W EXP 99/99/999 | Reduce -33.0% | 307,506 | $2K |
| PERCEPTION CAPITAL CORP IV | *W EXP 99/99/999 | Reduce -27.8% | 71,408 | $2K |
| UCFIW Iron Horse Acquisition Co.-29 | *W EXP 09/30/203 | Sold out | 65,000 | $2Kbefore exit |
| ATMCW Alphatime Acquisition Cor-28 | *W EXP 03/01/202 | Sold out | 99,927 | $2Kbefore exit |
| APXIW Apx Acquisition Corp. I -23 | *W EXP 99/99/999 | Sold out | 25,000 | $2Kbefore exit |
| CRTWF Cartica Acquisition A -28 | *W EXP 04/30/202 | Sold out | 8,172 | $1Kbefore exit |
| SBXC.WS Silverbox Corp. III-28 | *W EXP 02/28/202 | Sold out | 11,080 | $1Kbefore exit |
| ZLSWF Zalatoris II Acquisition Cor | *W EXP 99/99/999 | Sold out | 107,564 | $1Kbefore exit |
| EMCWF Embrace Change Acquisitio-26 | *W EXP 10/25/202 | Sold out | 70,000 | $1Kbefore exit |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | Sold out | 16,722 | $620before exit |
| SOARW Volato Group Inc. - CW23 | *W EXP 12/04/202 | Sold out | 15,000 | $272before exit |
| GLLIW Globalink Investment -CW23 | *W EXP 12/03/202 | Reduce -55.6% | 55,549 | $267 |
| NSTDW Northern Star Inv Class A -CW27 | *W EXP 02/25/202 | Sold out | 22,976 | $23before exit |
| PLAOW Patria Latin American-CW27 | *W EXP 99/99/999 | New | 91 | $3 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.