Integrated Rail and Resources Acquisition Corp.
IRRX
IRRX was delisted on the 6th of March, 2024.
27 hedge funds and large institutions have $65.8M invested in Integrated Rail and Resources Acquisition Corp. in 2023 Q3 according to their latest regulatory filings, with 5 funds opening new positions, 1 increasing their positions, 12 reducing their positions, and 11 closing their positions.
18% less funds holding
Funds holding: 33 → 27 (-6)
53% less capital invested
Capital invested by funds: $140M → $65.8M (-$74.5M)
55% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 11
92% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 12
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$3.25M |
| 2 |
CM
Crystalline Management
Montreal, Quebec,
Canada
|
+$1.65M |
| 3 |
CS
Clear Street
New York
|
+$54.1K |
| 4 |
SFM
Spartan Fund Management
Toronto, Ontario,
Canada
|
+$12.9K |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$639 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$15.2M |
| 2 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$12.9M |
| 3 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$6M |
| 4 |
Bank of Montreal
Toronto,
Ontario, Canada
|
-$5.93M |
| 5 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$5.54M |
IRRX Hedge Fund Activity: Q3 2023 in Review
27 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Integrated Rail and Resources Acquisition Corp. (IRRX) for Q3 2023, worth a combined $65.8M — down 53% from $140M a quarter earlier.
Sellers outnumbered buyers: 11 funds closed out of IRRX and 5 opened new positions — a net loss of 6 holders — while 12 trimmed existing stakes and 1 added.
The largest buyer was Shaolin Capital Management, opening a new position worth an estimated $3.25M. The largest seller was Saba Capital Management, cutting an estimated $15.2M.
- 27 institutional investors held Integrated Rail and Resources Acquisition Corp. (IRRX) as of Q3 2023, down from 33 in Q2 2023.
- Funds reported $65.8M of Integrated Rail and Resources Acquisition Corp. stock for Q3 2023, down 53% quarter-over-quarter.
- 5 funds opened new Integrated Rail and Resources Acquisition Corp. positions in Q3 2023 and 11 closed out, a net change of -6 holders.
- The largest Integrated Rail and Resources Acquisition Corp. buyer in Q3 2023 was Shaolin Capital Management, an estimated $3.25M added.
- The largest Integrated Rail and Resources Acquisition Corp. seller in Q3 2023 was Saba Capital Management, an estimated $15.2M sold.
Based on aggregated 13F filings for Q3 2023.