Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
FRLA was delisted on the 1st of November, 2024.
23 hedge funds and large institutions have $38M invested in Fortune Rise Acquisition Corporation Class A Common Stock in 2023 Q3 according to their latest regulatory filings, with 6 funds opening new positions, 1 increasing their positions, 5 reducing their positions, and 4 closing their positions.
50% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 4
10% more funds holding
Funds holding: 21 → 23 (+2)
3% more capital invested
Capital invested by funds: $36.7M → $38M (+$1.23M)
80% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$3.16M |
| 2 |
MSU
Mizuho Securities USA
New York
|
+$1.17M |
| 3 |
CS
Clear Street
New York
|
+$1.02M |
| 4 |
CAC
Cowen and Company
New York
|
+$794K |
| 5 |
Deutsche Bank
Frankfurt Am Main Ge,
Germany
|
+$375K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
-$2.15M |
| 2 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$1.61M |
| 3 |
FTCM
Fir Tree Capital Management
New York
|
-$1.11M |
| 4 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$442K |
| 5 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$342K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
26
State Street
Boston,
Massachusetts
| – | -$161K | -14,976 | Closed |
|
|
TRCT
27
Tower Research Capital (TRC)
New York
| – | -$12.4K | -1,145 | Closed |
|
FRLA Hedge Fund Activity: Q3 2023 in Review
23 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Fortune Rise Acquisition Corporation Class A Common Stock (FRLA) for Q3 2023, worth a combined $38M — up 3.3% from $36.7M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new FRLA positions and 4 closed out — a net gain of 2 holders — while 1 added to existing stakes and 5 trimmed.
The largest buyer was Shaolin Capital Management, opening a new position worth an estimated $3.16M. The largest seller was Spartan Fund Management, exiting entirely with an estimated $2.15M sold.
- 23 institutional investors held Fortune Rise Acquisition Corporation Class A Common Stock (FRLA) as of Q3 2023, up from 21 in Q2 2023.
- Funds reported $38M of Fortune Rise Acquisition Corporation Class A Common Stock stock for Q3 2023, up 3.3% quarter-over-quarter.
- 6 funds opened new Fortune Rise Acquisition Corporation Class A Common Stock positions in Q3 2023 and 4 closed out, a net change of +2 holders.
- The largest Fortune Rise Acquisition Corporation Class A Common Stock buyer in Q3 2023 was Shaolin Capital Management, an estimated $3.16M added.
- The largest Fortune Rise Acquisition Corporation Class A Common Stock seller in Q3 2023 was Spartan Fund Management, an estimated $2.15M sold.
Based on aggregated 13F filings for Q3 2023.