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IRRX.U

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

Delisted

IRRX.U was delisted on the 1st of February, 2024.

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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.

New
Increased
Maintained
Reduced
Closed

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)

Holders
17
Holders Change
-26
Holders Change %
-60.47%
% of All Funds
0.27%
Holding in Top 10
–
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
–
New
2
Increased
2
Reduced
6
Closed
28
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

1
State Street
State Street
Massachusetts
+$283K
2
AI
Arena Investors
New York
+$50.3K
3
WC
Wealthspring Capital
New York
+$10.1K
4
SIA
SkyView Investment Advisors
New Jersey
+$9.62K

Top Sellers

1
SCM
Saba Capital Management
New York
-$20.2M
2
HCM
Highbridge Capital Management
New York
-$19.4M
3
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$18.9M
4
PAMP
Polar Asset Management Partners
Ontario, Canada
-$18.9M
5
CCM
Context Capital Management
California
-$13.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
CCA
1
Castle Creek Arbitrage
Colorado
$18.9M – – –
HIM
2
HGC Investment Management
Ontario, Canada
$10.1M – – –
SIM
3
Sandia Investment Management
Massachusetts
$9.01M -$2.01M -200,000 -18%
YCM
4
Yakira Capital Management
Connecticut
$5.06M – – –
NAM
5
Nexpoint Asset Management
Texas
$2.96M – – –
BFM
6
Boothbay Fund Management
New York
$2.79M -$619K -61,490 -18%
SIA
7
SkyView Investment Advisors
New Jersey
$1.52M +$9.62K +955 +0.6%
WC
8
Wealthspring Capital
New York
$1.12M +$10.1K +1,000 +0.9%
MF
9
Magnetar Financial
Illinois
$907K -$120K -11,900 -12%
SMA
10
Sage Mountain Advisors
Georgia
$716K -$108K -10,700 -13%
SIA
11
Schechter Investment Advisors
Michigan
$505K – – –
FLC
12
Fifth Lane Capital
Texas
$503K – – –
State Street
13
State Street
Massachusetts
$282K +$283K +28,096 New
AI
14
Arena Investors
New York
$51K +$50.3K +5,000 New
WAM
15
Wolverine Asset Management
Illinois
$11K -$2.52M -250,629 -100%
UBS Group
16
UBS Group
Switzerland
$9K -$232 -23 -3%
TRCT
17
Tower Research Capital (TRC)
New York
$3K – – –
SCM
18
Saba Capital Management
New York
– -$20.2M -2,008,952 Closed
HCM
19
Highbridge Capital Management
New York
– -$19.4M -1,930,951 Closed
D.E. Shaw & Co
20
D.E. Shaw & Co
New York
– -$18.9M -1,880,000 Closed
PAMP
21
Polar Asset Management Partners
Ontario, Canada
– -$18.9M -1,880,000 Closed
CCM
22
Context Capital Management
California
– -$13.4M -1,335,638 Closed
SV
23
Starboard Value
New York
– -$10.7M -1,065,897 Closed
VI
24
Vestcor Inc
New Brunswick, Canada
– -$9.85M -980,000 Closed
BCM
25
Beryl Capital Management
California
– -$9.04M -900,000 Closed
1
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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.