Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
FRLA was delisted on the 1st of November, 2024.
18 hedge funds and large institutions have $30.8M invested in Fortune Rise Acquisition Corporation Class A Common Stock in 2023 Q4 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 7 closing their positions.
7.82% less ownership
Funds ownership: 81.16% → 73.34% (-7.8%)
19% less capital invested
Capital invested by funds: $38M → $30.8M (-$7.19M)
22% less funds holding
Funds holding: 23 → 18 (-5)
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
71% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 7
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSU
Mizuho Securities USA
New York
|
+$1.76M |
| 2 |
QL
Quarry LP
New York
|
+$1.64M |
| 3 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$343K |
| 4 |
CS
Clear Street
New York
|
+$36.4K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$3.18M |
| 2 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
-$3.01M |
| 3 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$1.69M |
| 4 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$1.09M |
| 5 |
CAC
Cowen and Company
New York
|
-$645K |
FRLA Hedge Fund Activity: Q4 2023 in Review
18 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Fortune Rise Acquisition Corporation Class A Common Stock (FRLA) for Q4 2023, worth a combined $30.8M — down 19% from $38M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of FRLA and 2 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 2 added.
The largest buyer was Mizuho Securities USA, adding an estimated $1.76M. The largest seller was Shaolin Capital Management, exiting entirely with an estimated $3.18M sold.
- 18 institutional investors held Fortune Rise Acquisition Corporation Class A Common Stock (FRLA) as of Q4 2023, down from 23 in Q3 2023.
- Funds reported $30.8M of Fortune Rise Acquisition Corporation Class A Common Stock stock for Q4 2023, down 19% quarter-over-quarter.
- 2 funds opened new Fortune Rise Acquisition Corporation Class A Common Stock positions in Q4 2023 and 7 closed out, a net change of -5 holders.
- The largest Fortune Rise Acquisition Corporation Class A Common Stock buyer in Q4 2023 was Mizuho Securities USA, an estimated $1.76M added.
- The largest Fortune Rise Acquisition Corporation Class A Common Stock seller in Q4 2023 was Shaolin Capital Management, an estimated $3.18M sold.
Based on aggregated 13F filings for Q4 2023.