# Horizon Kinetics SPAC Active ETF (SPAQ) — Overview

SPAQ · NASDAQ · Fund

Canonical page: https://www.lighthorse.io/tickers/spaq

## Price

Last close $92.98 on Oct 15, 2026. 52-week range $89.43 – $107.83.

## Fund profile

SPAQ is actively managed to provide exposure to globally listed, pre-combination special purpose acquisition companies (SPACs) of any capitalization.

| Metric | Value |
| --- | --- |
| Issuer | Horizon Kinetics Asset Management LLC |
| Industry | — |
| Inception | Jan 27, 2023 |
| Assets under management | $10.0M |
| Expense ratio | 0.85% |
| Net asset value | $93.08 (as of Oct 14, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is Horizon Kinetics SPAC Active ETF (SPAQ)?

SPAQ is actively managed to provide exposure to globally listed, pre-combination special purpose acquisition companies (SPACs) of any capitalization.

### What is SPAQ's expense ratio?

Horizon Kinetics SPAC Active ETF charges an annual expense ratio of 0.85%. The fund is issued by Horizon Kinetics Asset Management LLC.

### How large is SPAQ?

Horizon Kinetics SPAC Active ETF manages $10.0M in assets and has traded since Jan 27, 2023.

### How do I buy shares of Horizon Kinetics SPAC Active ETF (SPAQ)?

SPAQ trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).