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RRAC

Rigel Resource Acquisition Corp.
RRAC

Delisted

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

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56 hedge funds and large institutions have $287M invested in Rigel Resource Acquisition Corp. in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 14 reducing their positions, and 10 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

5% less capital invested

Capital invested by funds: $302M → $287M (-$14.3M)

8% less funds holding

Funds holding: 61 → 56 (-5)

40% less first-time investments, than exits

New positions opened: 6 | Existing positions closed: 10

50% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 14

100% less call options, than puts

Call options by funds: $107K | Put options by funds: $22.4M

Holders
56
Holders Change
-5
Holders Change %
-8.2%
% of All Funds
0.88%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
6
Increased
7
Reduced
14
Closed
10
Calls
$107K
Puts
$22.4M
Net Calls
-$22.2M
Net Calls Change
-$22.4M

Top Buyers

Rank Fund Capital Flow
1
CAC
Cowen and Company
New York
+$16.4M
2
FTCM
First Trust Capital Management
Illinois
+$10.6M
3
WCMNY
Westchester Capital Management (New York)
New York
+$6.47M
4
CC
Centiva Capital
New York
+$5.34M
5
KIM
Karpus Investment Management
New York
+$4.23M

Top Sellers

Rank Fund Capital Flow
1
AC
Aristeia Capital
Connecticut
-$18.5M
2
JP Morgan Chase
JP Morgan Chase
New York
-$10.5M
3
SCM
Shaolin Capital Management
Florida
-$8.47M
4
QL
Quarry LP
New York
-$5.55M
5
TCA
Taconic Capital Advisors
New York
-$5.29M
Name Holding Trade Value Shares
Change 		Change in
Stake
PAMP
26
Polar Asset Management Partners
Ontario, Canada
$4.29M – – –
KIM
27
Karpus Investment Management
New York
$4.29M +$4.23M +400,000 New
MSU
28
Mizuho Securities USA
New York
$4.27M +$490K +46,247 +13%
OCM
29
Oaktree Capital Management
California
$3.75M – – –
AA
30
AQR Arbitrage
Connecticut
$3.37M -$10.8K -1,019 -0.3%
FTCM
31
Fir Tree Capital Management
New York
$3.32M -$2.39M -226,000 -42%
MC
32
Meteora Capital
Florida
$2.74M +$2.7M +255,213 New
PMAM
33
Picton Mahoney Asset Management
Ontario, Canada
$2.68M – – –
WRBC
34
W.R. Berkley Corp
Connecticut
$2.3M – – –
ACM
35
Atalaya Capital Management
New York
$1.88M – – –
LP
36
LMR Partners
United Kingdom
$1.61M – – –
BI
37
Bulldog Investors
New Jersey
$1.51M +$1.49M +141,210 New
RL
38
RPO LLC
Connecticut
$1.11M – – –
HSBC Holdings
39
HSBC Holdings
United Kingdom
$1.08M -$2.02M -190,563 -66%
6CM
40
683 Capital Management
New York
$1.07M -$2.65M -250,000 -71%
DCM
41
Dupont Capital Management
Delaware
$1.07M – – –
WA
42
Whitebox Advisors
Minnesota
$1.07M – – –
Toronto Dominion Bank
43
Toronto Dominion Bank
Ontario, Canada
$1.07M – – –
ETH
44
Exos TFP Holdings
New York
$990K -$27.2K -2,567 -3%
LCM
45
Landscape Capital Management
New Jersey
$943K – – –
HF
46
HRT Financial
New York
$575K +$568K +53,668 New
Capstone Investment Advisors
47
Capstone Investment Advisors
New York
$536K – – –
OAC
48
OMERS Administration Corp
Ontario, Canada
$536K – – –
SOA
49
Sea Otter Advisors
Florida
$536K – – –
VI
50
Vestcor Inc
New Brunswick, Canada
$536K – – –
1
2
3

RRAC Hedge Fund Activity: Q2 2023 in Review

56 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Rigel Resource Acquisition Corp. (RRAC) for Q2 2023, worth a combined $287M — down 4.8% from $302M a quarter earlier.

Sellers outnumbered buyers: 10 funds closed out of RRAC and 6 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 7 added.

The largest buyer was Cowen and Company, opening a new position worth an estimated $16.4M. The largest seller was Aristeia Capital, exiting entirely with an estimated $18.5M sold.

  • 56 institutional investors held Rigel Resource Acquisition Corp. (RRAC) as of Q2 2023, down from 61 in Q1 2023.
  • Funds reported $287M of Rigel Resource Acquisition Corp. stock for Q2 2023, down 4.8% quarter-over-quarter.
  • 6 funds opened new Rigel Resource Acquisition Corp. positions in Q2 2023 and 10 closed out, a net change of -4 holders.
  • The largest Rigel Resource Acquisition Corp. buyer in Q2 2023 was Cowen and Company, an estimated $16.4M added.
  • The largest Rigel Resource Acquisition Corp. seller in Q2 2023 was Aristeia Capital, an estimated $18.5M sold.

Based on aggregated 13F filings for Q2 2023.