Integrated Rail and Resources Acquisition Corp.
IRRX
IRRX was delisted on the 6th of March, 2024.
35 hedge funds and large institutions have $142M invested in Integrated Rail and Resources Acquisition Corp. in 2023 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 5 increasing their positions, 9 reducing their positions, and 17 closing their positions.
22% less funds holding
Funds holding: 45 → 35 (-10)
36% less capital invested
Capital invested by funds: $223M → $142M (-$80.2M)
44% less repeat investments, than reductions
Existing positions increased: 5 | Existing positions reduced: 9
59% less first-time investments, than exits
New positions opened: 7 | Existing positions closed: 17
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Context Capital Management
Lajolla,
California
|
+$13.8M |
| 2 |
Bank of Montreal
Toronto,
Ontario, Canada
|
+$3.12M |
| 3 |
FSI
Flow State Investments
Chicago,
Illinois
|
+$1.03M |
| 4 |
GCL
Glazer Capital LLC
New York
|
+$1.01M |
| 5 |
WAM
Warberg Asset Management
Winnetka,
Illinois
|
+$327K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
D.E. Shaw & Co
New York
|
-$21.4M |
| 2 |
HCM
Highbridge Capital Management
New York
|
-$17.1M |
| 3 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$11.1M |
| 4 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
-$10.2M |
| 5 |
SV
Starboard Value
New York
|
-$9.66M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
UBS Group
Zurich,
Switzerland
| – | -$5.09K | -500 | Closed |
|
|
EC
52
Elequin Capital
New York
| – | -$3.14K | -305 | Closed |
|
IRRX Hedge Fund Activity: Q1 2023 in Review
35 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Integrated Rail and Resources Acquisition Corp. (IRRX) for Q1 2023, worth a combined $142M — down 36% from $223M a quarter earlier.
Sellers outnumbered buyers: 17 funds closed out of IRRX and 7 opened new positions — a net loss of 10 holders — while 9 trimmed existing stakes and 5 added.
The largest buyer was Context Capital Management, opening a new position worth an estimated $13.8M. The largest seller was D.E. Shaw & Co, exiting entirely with an estimated $21.4M sold.
- 35 institutional investors held Integrated Rail and Resources Acquisition Corp. (IRRX) as of Q1 2023, down from 45 in Q4 2022.
- Funds reported $142M of Integrated Rail and Resources Acquisition Corp. stock for Q1 2023, down 36% quarter-over-quarter.
- 7 funds opened new Integrated Rail and Resources Acquisition Corp. positions in Q1 2023 and 17 closed out, a net change of -10 holders.
- The largest Integrated Rail and Resources Acquisition Corp. buyer in Q1 2023 was Context Capital Management, an estimated $13.8M added.
- The largest Integrated Rail and Resources Acquisition Corp. seller in Q1 2023 was D.E. Shaw & Co, an estimated $21.4M sold.
Based on aggregated 13F filings for Q1 2023.