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 $35.7M 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.
40.8% less ownership
Funds ownership: 66.49% → 25.69% (-41%)
43% less funds holding
Funds holding: 37 → 21 (-16)
50% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 8
61% less capital invested
Capital invested by funds: $91.3M → $35.7M (-$55.6M)
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 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$3.19M |
| 2 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$1.07M |
| 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 |
FRLA Hedge Fund Activity: Q2 2023 in Review
21 of the 6,383 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 $35.7M — down 61% 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 Westchester Capital Management (New York), opening a new position worth an estimated $3.19M. 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 $35.7M of Fortune Rise Acquisition Corporation Class A Common Stock stock for Q2 2023, down 61% 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 Westchester Capital Management (New York), an estimated $3.19M 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.