Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
FRLA was delisted on the 1st of November, 2024.
17 hedge funds and large institutions have $32.7M invested in Fortune Rise Acquisition Corporation Class A Common Stock in 2024 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 5 increasing their positions, 2 reducing their positions, and 3 closing their positions.
150% more repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 2
6% more capital invested
Capital invested by funds: $30.8M → $32.7M (+$1.94M)
6% less funds holding
Funds holding: 18 → 17 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
+$3.16M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$1.58M |
| 3 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
+$806K |
| 4 |
SIA
SkyView Investment Advisors
Shrewsbury,
New Jersey
|
+$443K |
| 5 |
VF
Virtu Financial
New York
|
+$251K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSU
Mizuho Securities USA
New York
|
-$1.92M |
| 2 |
KL
KIM LLC
Wichita,
Kansas
|
-$1.1M |
| 3 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$1.02M |
| 4 |
SCM
Saba Capital Management
New York
|
-$931K |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
-$6.65K |
FRLA Hedge Fund Activity: Q1 2024 in Review
17 of the 6,942 institutional investors tracked by Wall St. Rank reported a position in Fortune Rise Acquisition Corporation Class A Common Stock (FRLA) for Q1 2024, worth a combined $32.7M — up 6.3% from $30.8M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of FRLA and 2 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 5 added.
The largest buyer was Fir Tree Capital Management, adding an estimated $3.16M. The largest seller was Mizuho Securities USA, cutting an estimated $1.92M.
- 17 institutional investors held Fortune Rise Acquisition Corporation Class A Common Stock (FRLA) as of Q1 2024, down from 18 in Q4 2023.
- Funds reported $32.7M of Fortune Rise Acquisition Corporation Class A Common Stock stock for Q1 2024, up 6.3% quarter-over-quarter.
- 2 funds opened new Fortune Rise Acquisition Corporation Class A Common Stock positions in Q1 2024 and 3 closed out, a net change of -1 holder.
- The largest Fortune Rise Acquisition Corporation Class A Common Stock buyer in Q1 2024 was Fir Tree Capital Management, an estimated $3.16M added.
- The largest Fortune Rise Acquisition Corporation Class A Common Stock seller in Q1 2024 was Mizuho Securities USA, an estimated $1.92M sold.
Based on aggregated 13F filings for Q1 2024.