Rigel Resource Acquisition Corp.
RRAC
RRAC was delisted on the 1st of November, 2024.
40 hedge funds and large institutions have $251M invested in Rigel Resource Acquisition Corp. in 2023 Q3 according to their latest regulatory filings, with 10 funds opening new positions, 10 increasing their positions, 11 reducing their positions, and 26 closing their positions.
300% more funds holding in top 10
Funds holding in top 10: 1 → 4 (+3)
9% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 11
12% less capital invested
Capital invested by funds: $287M → $251M (-$35.9M)
29% less funds holding
Funds holding: 56 → 40 (-16)
62% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 26
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MSU
Mizuho Securities USA
New York
|
+$14.2M |
| 2 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$10.5M |
| 3 |
CCA
Castle Creek Arbitrage
Avon,
Colorado
|
+$9.2M |
| 4 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$6.47M |
| 5 |
FTCM
Fir Tree Capital Management
New York
|
+$6.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SCM
Saba Capital Management
New York
|
-$14.2M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$10.7M |
| 3 |
TCA
Taconic Capital Advisors
New York
|
-$9.88M |
| 4 |
D.E. Shaw & Co
New York
|
-$7M |
| 5 |
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
|
-$6.32M |
RRAC Hedge Fund Activity: Q3 2023 in Review
40 of the 6,301 institutional investors tracked by Wall St. Rank reported a position in Rigel Resource Acquisition Corp. (RRAC) for Q3 2023, worth a combined $251M — down 12% from $287M a quarter earlier.
Sellers outnumbered buyers: 26 funds closed out of RRAC and 10 opened new positions — a net loss of 16 holders — while 11 trimmed existing stakes and 10 added.
The largest buyer was Mizuho Securities USA, adding an estimated $14.2M. The largest seller was Saba Capital Management, cutting an estimated $14.2M.
- 40 institutional investors held Rigel Resource Acquisition Corp. (RRAC) as of Q3 2023, down from 56 in Q2 2023.
- Funds reported $251M of Rigel Resource Acquisition Corp. stock for Q3 2023, down 12% quarter-over-quarter.
- 10 funds opened new Rigel Resource Acquisition Corp. positions in Q3 2023 and 26 closed out, a net change of -16 holders.
- The largest Rigel Resource Acquisition Corp. buyer in Q3 2023 was Mizuho Securities USA, an estimated $14.2M added.
- The largest Rigel Resource Acquisition Corp. seller in Q3 2023 was Saba Capital Management, an estimated $14.2M sold.
Based on aggregated 13F filings for Q3 2023.