Integrated Rail and Resources Acquisition Corp. Units, each consisting of one share of Class A common stock and one half of one redeemable warrant
IRRX.U
IRRX.U was delisted on the 1st of February, 2024.
17 hedge funds and large institutions have $54.4M invested in Integrated Rail and Resources Acquisition Corp. Units, each consisting of one share of Class A common stock and one half of one redeemable warrant in 2022 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 6 reducing their positions, and 28 closing their positions.
60% less funds holding
Funds holding: 43 → 17 (-26)
67% less repeat investments, than reductions
Existing positions increased: 2 | Existing positions reduced: 6
75% less capital invested
Capital invested by funds: $218M → $54.4M (-$163M)
93% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 28
100% less funds holding in top 10
Funds holding in top 10: 1 → 0 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$283K |
| 2 |
AI
Arena Investors
Purchase,
New York
|
+$50.3K |
| 3 |
WC
Wealthspring Capital
West Harrison,
New York
|
+$10.1K |
| 4 |
SIA
SkyView Investment Advisors
Shrewsbury,
New Jersey
|
+$9.62K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$20.2M |
| 2 |
HCM
Highbridge Capital Management
New York
|
-$19.4M |
| 3 |
D.E. Shaw & Co
New York
|
-$18.9M |
| 4 |
PAMP
Polar Asset Management Partners
Toronto,
Ontario, Canada
|
-$18.9M |
| 5 |
CCM
Context Capital Management
Lajolla,
California
|
-$13.4M |
IRRX.U Hedge Fund Activity: Q1 2022 in Review
17 of the 6,340 institutional investors tracked by Wall St. Rank reported a position in Integrated Rail and Resources Acquisition Corp. Units, each consisting of one share of Class A common stock and one half of one redeemable warrant (IRRX.U) for Q1 2022, worth a combined $54.4M — down 75% from $218M a quarter earlier.
Sellers outnumbered buyers: 28 funds closed out of IRRX.U and 2 opened new positions — a net loss of 26 holders — while 6 trimmed existing stakes and 2 added.
The largest buyer was State Street, opening a new position worth an estimated $283K. The largest seller was Saba Capital Management, exiting entirely with an estimated $20.2M sold.
- 17 institutional investors held Integrated Rail and Resources Acquisition Corp. Units, each consisting of one share of Class A common stock and one half of one redeemable warrant (IRRX.U) as of Q1 2022, down from 43 in Q4 2021.
- Funds reported $54.4M of Integrated Rail and Resources Acquisition Corp. Units, each consisting of one share of Class A common stock and one half of one redeemable warrant stock for Q1 2022, down 75% quarter-over-quarter.
- 2 funds opened new Integrated Rail and Resources Acquisition Corp. Units, each consisting of one share of Class A common stock and one half of one redeemable warrant positions in Q1 2022 and 28 closed out, a net change of -26 holders.
- The largest Integrated Rail and Resources Acquisition Corp. Units, each consisting of one share of Class A common stock and one half of one redeemable warrant buyer in Q1 2022 was State Street, an estimated $283K added.
- The largest Integrated Rail and Resources Acquisition Corp. Units, each consisting of one share of Class A common stock and one half of one redeemable warrant seller in Q1 2022 was Saba Capital Management, an estimated $20.2M sold.
Based on aggregated 13F filings for Q1 2022.