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.
14 hedge funds and large institutions have $26M 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 Q3 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 5 reducing their positions, and 3 closing their positions.
13% less funds holding
Funds holding: 16 → 14 (-2)
49% less capital invested
Capital invested by funds: $51M → $26M (-$24.9M)
67% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 3
80% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 5
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$139K |
| 2 |
CS
Clear Street
New York
|
+$65.1K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
-$18.9M |
| 2 |
HIM
HGC Investment Management
Toronto,
Ontario, Canada
|
-$5.05M |
| 3 |
FLC
Fifth Lane Capital
Austin,
Texas
|
-$505K |
| 4 |
SMA
Sage Mountain Advisors
Atlanta,
Georgia
|
-$451K |
| 5 |
SIM
Sandia Investment Management
Boston,
Massachusetts
|
-$126K |
IRRX.U Hedge Fund Activity: Q3 2022 in Review
14 of the 5,828 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 Q3 2022, worth a combined $26M — down 49% from $51M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of IRRX.U and 1 opened new positions — a net loss of 2 holders — while 5 trimmed existing stakes and 1 added.
The largest buyer was Susquehanna International Group, opening a new position worth an estimated $139K. The largest seller was Castle Creek Arbitrage, exiting entirely with an estimated $18.9M sold.
- 14 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 Q3 2022, down from 16 in Q2 2022.
- Funds reported $26M 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 Q3 2022, down 49% quarter-over-quarter.
- 1 fund 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 Q3 2022 and 3 closed out, a net change of -2 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 Q3 2022 was Susquehanna International Group, an estimated $139K 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 Q3 2022 was Castle Creek Arbitrage, an estimated $18.9M sold.
Based on aggregated 13F filings for Q3 2022.