Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
FRLA was delisted on the 1st of November, 2024.
21 hedge funds and large institutions have $36.7M invested in Fortune Rise Acquisition Corporation Class A Common Stock in 2023 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 4 increasing their positions, 8 reducing their positions, and 18 closing their positions.
43% less funds holding
Funds holding: 37 → 21 (-16)
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
60% less capital invested
Capital invested by funds: $91.3M → $36.7M (-$54.5M)
89% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 18
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $2.06M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$3.28M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$3.19M |
| 3 |
FTCM
Fir Tree Capital Management
New York
|
+$521K |
| 4 |
CS
Clear Street
New York
|
+$192K |
| 5 |
State Street
Boston,
Massachusetts
|
+$19.3K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$8.09M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$7.54M |
| 3 |
SCM
Saba Capital Management
New York
|
-$7.49M |
| 4 |
CSS
Cubist Systematic Strategies
Stamford,
Connecticut
|
-$5.1M |
| 5 |
SV
Starboard Value
New York
|
-$4.62M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
ASM
26
ATW SPAC Management
New York
| – | -$2.93M | -275,000 | Closed |
|
|
BFM
27
Boothbay Fund Management
New York
| – | -$2.93M | -275,000 | Closed |
|
|
MI
28
MMCAP International
Grand Cayman,
Cayman Islands
| – | -$2.93M | -275,000 | Closed |
|
|
OCM
29
Oaktree Capital Management
Los Angeles,
California
| – | -$2.93M | -275,000 | Closed |
|
|
RL
30
RPO LLC
Stamford,
Connecticut
| – | -$2.68M | -251,445 | Closed |
|
31
Goldman Sachs
New York
| – | -$2.03M | -190,675 | Closed |
|
|
SOA
32
Sea Otter Advisors
Miami,
Florida
| – | -$1.71M | -160,850 | Closed |
|
|
CH
33
CVI Holdings
Wilmington,
Delaware
| – | -$1.16M | -109,243 | Closed |
|
|
LCM
34
Landscape Capital Management
Englewood,
New Jersey
| – | -$1.08M | -101,692 | Closed |
|
|
6CM
35
683 Capital Management
New York
| – | -$1.07M | -100,000 | Closed |
|
|
CCA
36
Castle Creek Arbitrage
Avon,
Colorado
| – | -$1.06M | -99,900 | Closed |
|
|
MSU
37
Mizuho Securities USA
New York
| – | -$266K | -25,139 | Closed |
|
38
Wells Fargo
San Francisco,
California
| – | -$13.6K | -1,277 | Closed |
|
|
EC
39
Elequin Capital
New York
| – | -$8K | -750 | Closed |
|
FRLA Hedge Fund Activity: Q2 2023 in Review
21 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Fortune Rise Acquisition Corporation Class A Common Stock (FRLA) for Q2 2023, worth a combined $36.7M — down 60% from $91.3M a quarter earlier.
Sellers outnumbered buyers: 18 funds closed out of FRLA and 2 opened new positions — a net loss of 16 holders — while 8 trimmed existing stakes and 4 added.
The largest buyer was Spartan Fund Management, opening a new position worth an estimated $3.28M. The largest seller was Periscope Capital, cutting an estimated $8.09M.
- 21 institutional investors held Fortune Rise Acquisition Corporation Class A Common Stock (FRLA) as of Q2 2023, down from 37 in Q1 2023.
- Funds reported $36.7M of Fortune Rise Acquisition Corporation Class A Common Stock stock for Q2 2023, down 60% quarter-over-quarter.
- 2 funds opened new Fortune Rise Acquisition Corporation Class A Common Stock positions in Q2 2023 and 18 closed out, a net change of -16 holders.
- The largest Fortune Rise Acquisition Corporation Class A Common Stock buyer in Q2 2023 was Spartan Fund Management, an estimated $3.28M added.
- The largest Fortune Rise Acquisition Corporation Class A Common Stock seller in Q2 2023 was Periscope Capital, an estimated $8.09M sold.
Based on aggregated 13F filings for Q2 2023.