RF Acquisition Corp II
RFAI
15 hedge funds and large institutions have $46.6M invested in RF Acquisition Corp II in 2025 Q4 according to their latest regulatory filings, with 1 funds opening new positions, 4 increasing their positions, 10 reducing their positions, and 16 closing their positions.
37.26% less ownership
Funds ownership: 66.19% → 28.93% (-37%)
50% less funds holding
Funds holding: 30 → 15 (-15)
56% less capital invested
Capital invested by funds: $107M → $46.6M (-$59.9M)
60% less repeat investments, than reductions
Existing positions increased: 4 | Existing positions reduced: 10
94% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 16
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSU
Mizuho Securities USA
New York
|
+$786K |
| 2 |
LSC
Logan Stone Capital
Chicago,
Illinois
|
+$204K |
| 3 |
CS
Clear Street
New York
|
+$96.3K |
| 4 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$40.8K |
| 5 |
Morgan Stanley
New York
|
+$429 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WC
Wealthspring Capital
West Harrison,
New York
|
-$8.02M |
| 2 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
-$7.52M |
| 3 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
-$6.86M |
| 4 |
AA
AQR Arbitrage
Greenwich,
Connecticut
|
-$6.46M |
| 5 |
D.E. Shaw & Co
New York
|
-$5.77M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MTCM
26
Mint Tower Capital Management
Amsterdam,
Netherlands
| – | -$859K | -80,000 | Closed |
|
|
WAM
27
Warberg Asset Management
Winnetka,
Illinois
| – | -$408K | -38,000 | Closed |
|
|
RCM
28
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
| – | -$323K | -30,066 | Closed |
|
|
RCM
29
Robinson Capital Management
Grosse Pointe Farms,
Michigan
| – | -$216K | -20,250 | Closed |
|
30
Citadel Advisors
Miami,
Florida
| – | -$175K | -16,388 | Closed |
|
31
UBS Group
Zurich,
Switzerland
| – | -$21.5K | -1,999 | Closed |
|
RFAI Hedge Fund Activity: Q4 2025 in Review
15 of the 8,238 institutional investors tracked by Wall St. Rank reported a position in RF Acquisition Corp II (RFAI) for Q4 2025, worth a combined $46.6M — down 56% from $107M a quarter earlier.
Sellers outnumbered buyers: 16 funds closed out of RFAI and 1 opened new positions — a net loss of 15 holders — while 10 trimmed existing stakes and 4 added.
The largest buyer was Mizuho Securities USA, adding an estimated $786K. The largest seller was Wealthspring Capital, exiting entirely with an estimated $8.02M sold.
- 15 institutional investors held RF Acquisition Corp II (RFAI) as of Q4 2025, down from 30 in Q3 2025.
- Funds reported $46.6M of RF Acquisition Corp II stock for Q4 2025, down 56% quarter-over-quarter.
- 1 fund opened new RF Acquisition Corp II positions in Q4 2025 and 16 closed out, a net change of -15 holders.
- The largest RF Acquisition Corp II buyer in Q4 2025 was Mizuho Securities USA, an estimated $786K added.
- The largest RF Acquisition Corp II seller in Q4 2025 was Wealthspring Capital, an estimated $8.02M sold.
Based on aggregated 13F filings for Q4 2025.