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RRAC

Rigel Resource Acquisition Corp.
RRAC

Delisted

RRAC was delisted on the 1st of November, 2024.

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61 hedge funds and large institutions have $302M invested in Rigel Resource Acquisition Corp. in 2023 Q1 according to their latest regulatory filings, with 11 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

43% more repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 7

10% more first-time investments, than exits

New positions opened: 11 | Existing positions closed: 10

8% more capital invested

Capital invested by funds: $279M → $302M (+$23M)

0% more funds holding

Funds holding: 61 → 61 (0)

Holders
61
Holders Change
–
Holders Change %
0%
% of All Funds
0.97%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.02%
New
11
Increased
10
Reduced
7
Closed
10
Calls
$105K
Puts
–
Net Calls
+$105K
Net Calls Change
+$2K

Top Buyers

Rank Fund Capital Flow
1
JP Morgan Chase
JP Morgan Chase
New York
+$10.4M
2
WCMNY
Westchester Capital Management (New York)
New York
+$9.92M
3
PC
Periscope Capital
Ontario, Canada
+$9.08M
4
FTCM
First Trust Capital Management
Illinois
+$6.97M
5
QL
Quarry LP
New York
+$5.5M

Top Sellers

Rank Fund Capital Flow
1
SC
Sculptor Capital
New York
-$10.4M
2
Marshall Wace
Marshall Wace
United Kingdom
-$9.89M
3
WAM
Weiss Asset Management
Massachusetts
-$6.29M
4
Millennium Management
Millennium Management
New York
-$6.19M
5
HCM
Highbridge Capital Management
New York
-$5.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
DKP
26
Davidson Kempner Partners
New York
$4.71M +$4.67M +450,000 New
MF
27
Magnetar Financial
Illinois
$4.56M – – –
HIM
28
HGC Investment Management
Ontario, Canada
$4.3M – – –
GL
29
Governors Lane
New York
$4.19M – – –
PAMP
30
Polar Asset Management Partners
Ontario, Canada
$4.18M – – –
OCM
31
Oaktree Capital Management
California
$3.66M – – –
6CM
32
683 Capital Management
New York
$3.66M – – –
MSU
33
Mizuho Securities USA
New York
$3.65M +$2.37M +228,489 +179%
AA
34
AQR Arbitrage
Connecticut
$3.3M -$65.7K -6,328 -2%
HSBC Holdings
35
HSBC Holdings
United Kingdom
$3.04M – – –
PMAM
36
Picton Mahoney Asset Management
Ontario, Canada
$2.62M – – –
PCM
37
Prelude Capital Management
New York
$2.61M +$2.31M +222,152 +820%
PSAMP
38
P. Schoenfeld Asset Management (PSAM)
New York
$2.5M – – –
WRBC
39
W.R. Berkley Corp
Connecticut
$2.25M +$1.72M +165,400 +334%
CIM
40
Cowen Investment Management
New York
$2.09M +$2.08M +200,000 New
ACM
41
Atalaya Capital Management
New York
$1.84M – – –
CC
42
Centiva Capital
New York
$1.64M – – –
LP
43
LMR Partners
United Kingdom
$1.57M – – –
RL
44
RPO LLC
Connecticut
$1.08M +$1.07M +103,121 New
DCM
45
Dupont Capital Management
Delaware
$1.05M – – –
WA
46
Whitebox Advisors
Minnesota
$1.05M – – –
Toronto Dominion Bank
47
Toronto Dominion Bank
Ontario, Canada
$1.04M – – –
SFM
48
Spartan Fund Management
Canada
$1.04M – – –
ETH
49
Exos TFP Holdings
New York
$993K – – –
LCM
50
Landscape Capital Management
New Jersey
$921K – – –
1
2
3

RRAC Hedge Fund Activity: Q1 2023 in Review

61 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Rigel Resource Acquisition Corp. (RRAC) for Q1 2023, worth a combined $302M — up 8.3% from $279M a quarter earlier.

Buyers outnumbered sellers: 11 funds opened new RRAC positions and 10 closed out — a net gain of 1 holder — while 10 added to existing stakes and 7 trimmed.

The largest buyer was JP Morgan Chase, opening a new position worth an estimated $10.4M. The largest seller was Sculptor Capital, cutting an estimated $10.4M.

  • 61 institutional investors held Rigel Resource Acquisition Corp. (RRAC) as of Q1 2023, unchanged from Q4 2022.
  • Funds reported $302M of Rigel Resource Acquisition Corp. stock for Q1 2023, up 8.3% quarter-over-quarter.
  • 11 funds opened new Rigel Resource Acquisition Corp. positions in Q1 2023 and 10 closed out, a net change of +1 holder.
  • The largest Rigel Resource Acquisition Corp. buyer in Q1 2023 was JP Morgan Chase, an estimated $10.4M added.
  • The largest Rigel Resource Acquisition Corp. seller in Q1 2023 was Sculptor Capital, an estimated $10.4M sold.

Based on aggregated 13F filings for Q1 2023.