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IRRX

Integrated Rail and Resources Acquisition Corp.
IRRX

Delisted

IRRX was delisted on the 6th of March, 2024.

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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
35
Holders Change
-10
Holders Change %
-22.22%
% of All Funds
0.56%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
7
Increased
5
Reduced
9
Closed
17
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CCM
Context Capital Management
California
+$13.8M
2
Bank of Montreal
Bank of Montreal
Ontario, Canada
+$3.12M
3
FSI
Flow State Investments
Illinois
+$1.03M
4
GCL
Glazer Capital LLC
New York
+$1.01M
5
WAM
Warberg Asset Management
Illinois
+$327K

Top Sellers

Rank Fund Capital Flow
1
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$21.4M
2
HCM
Highbridge Capital Management
New York
-$17.1M
3
PAMP
Polar Asset Management Partners
Ontario, Canada
-$11.1M
4
CCA
Castle Creek Arbitrage
Colorado
-$10.2M
5
SV
Starboard Value
New York
-$9.66M
Name Holding Trade Value Shares
Change 		Change in
Stake
SCM
1
Saba Capital Management
New York
$20.3M -$3.12M -300,000 -13%
CCM
2
Context Capital Management
California
$13.9M +$13.8M +1,323,438 New
PAMP
3
Polar Asset Management Partners
Ontario, Canada
$12.7M -$11.1M -1,066,863 -47%
WAM
4
Wolverine Asset Management
Illinois
$11.5M +$109K +10,465 +1%
CCA
5
Castle Creek Arbitrage
Colorado
$9.49M -$10.2M -980,000 -52%
SIM
6
Sandia Investment Management
Massachusetts
$8.36M – – –
RCM
7
Radcliffe Capital Management
Pennsylvania
$6.27M – – –
KIM
8
Karpus Investment Management
New York
$5.64M -$352K -33,825 -6%
FTCM
9
Fir Tree Capital Management
New York
$5.27M – – –
YCM
10
Yakira Capital Management
Connecticut
$5.24M – – –
VI
11
Vestcor Inc
New Brunswick, Canada
$5.17M -$5.09M -490,000 -50%
CSS
12
Cubist Systematic Strategies
Connecticut
$3.69M -$3.11M -298,842 -46%
SCM
13
Shaolin Capital Management
Florida
$3.65M – – –
BFM
14
Boothbay Fund Management
New York
$3.65M – – –
Hudson Bay Capital Management
15
Hudson Bay Capital Management
Connecticut
$3.44M – – –
Bank of Montreal
16
Bank of Montreal
Ontario, Canada
$3.21M +$3.12M +300,000 New
RCM
17
Rivernorth Capital Management
Florida
$2.76M – – –
MC
18
Meteora Capital
Florida
$2.4M – – –
PC
19
Periscope Capital
Ontario, Canada
$2.11M -$4.01M -385,837 -66%
MTCM
20
Mint Tower Capital Management
Netherlands
$1.71M – – –
WRBC
21
W.R. Berkley Corp
Connecticut
$1.62M -$2.07M -198,877 -56%
SIA
22
SkyView Investment Advisors
New Jersey
$1.59M – – –
HCM
23
Highbridge Capital Management
New York
$1.52M -$17.1M -1,642,627 -92%
GCL
24
Glazer Capital LLC
New York
$1.43M +$1.01M +97,455 +250%
TIM
25
Timelo Investment Management
Ontario, Canada
$1.06M – – –
1
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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.