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RRAC

Rigel Resource Acquisition Corp.
RRAC

Delisted

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

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38 hedge funds and large institutions have $269M invested in Rigel Resource Acquisition Corp. in 2024 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

29% more funds holding in top 10

Funds holding in top 10: 7 → 9 (+2)

7% more capital invested

Capital invested by funds: $253M → $269M (+$16.5M)

5% less funds holding

Funds holding: 40 → 38 (-2)

20% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 5

25% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 8

Holders
38
Holders Change
-2
Holders Change %
-5%
% of All Funds
0.55%
Holding in Top 10
9
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+28.57%
% of All Funds
0.13%
New
4
Increased
6
Reduced
8
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
DI
DUMAC Inc
North Carolina
+$11.1M
2
WRBC
W.R. Berkley Corp
Connecticut
+$8.78M
3
MSU
Mizuho Securities USA
New York
+$3.47M
4
WCMNY
Westchester Capital Management (New York)
New York
+$1.45M
5
WAM
Wolverine Asset Management
Illinois
+$783K

Top Sellers

Rank Fund Capital Flow
1
PC
Periscope Capital
Ontario, Canada
-$3.65M
2
CM
Cohanzick Management
New York
-$3.29M
3
JP Morgan Chase
JP Morgan Chase
New York
-$2.47M
4
KPF
K2 Principal Fund
Ontario, Canada
-$2.08M
5
CAC
Cowen and Company
New York
-$1.74M
Name Holding Trade Value Shares
Change 		Change in
Stake
D.E. Shaw & Co
26
D.E. Shaw & Co
New York
$2.99M – – –
MC
27
Meteora Capital
Florida
$2.88M +$43.1K +3,878 +2%
SFM
28
Spartan Fund Management
Canada
$2.52M -$555K -50,000 -18%
WAM
29
Wolverine Asset Management
Illinois
$1.98M +$783K +70,492 +66%
SRCM
30
Sage Rock Capital Management
New York
$1.68M – – –
HIM
31
HGC Investment Management
Ontario, Canada
$1.12M – – –
HSBC Holdings
32
HSBC Holdings
United Kingdom
$1.12M – – –
GCL
33
Glazer Capital LLC
New York
$1.02M -$135K -12,151 -12%
BCM
34
BCK Capital Management
Connecticut
$830K – – –
FTCM
35
Fir Tree Capital Management
New York
$646K -$1.61M -144,830 -71%
Walleye Capital
36
Walleye Capital
New York
$359K – – –
VF
37
Virtu Financial
New York
$267K +$265K +23,900 New
Walleye Trading
38
Walleye Trading
New York
$202K – – –
CM
39
Cohanzick Management
New York
– -$3.29M -300,000 Closed
JP Morgan Chase
40
JP Morgan Chase
New York
– -$2.47M -225,000 Closed
KPF
41
K2 Principal Fund
Ontario, Canada
– -$2.08M -189,426 Closed
SCM
42
Saba Capital Management
New York
– -$1.13M -102,790 Closed
EC
43
Elequin Capital
New York
– -$3.29K -300 Closed
1
2

RRAC Hedge Fund Activity: Q1 2024 in Review

38 of the 6,943 institutional investors tracked by Wall St. Rank reported a position in Rigel Resource Acquisition Corp. (RRAC) for Q1 2024, worth a combined $269M — up 6.5% from $253M a quarter earlier.

Sellers outnumbered buyers: 5 funds closed out of RRAC and 4 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 6 added.

The largest buyer was DUMAC Inc, opening a new position worth an estimated $11.1M. The largest seller was Periscope Capital, cutting an estimated $3.65M.

  • 38 institutional investors held Rigel Resource Acquisition Corp. (RRAC) as of Q1 2024, down from 40 in Q4 2023.
  • Funds reported $269M of Rigel Resource Acquisition Corp. stock for Q1 2024, up 6.5% quarter-over-quarter.
  • 4 funds opened new Rigel Resource Acquisition Corp. positions in Q1 2024 and 5 closed out, a net change of -1 holder.
  • The largest Rigel Resource Acquisition Corp. buyer in Q1 2024 was DUMAC Inc, an estimated $11.1M added.
  • The largest Rigel Resource Acquisition Corp. seller in Q1 2024 was Periscope Capital, an estimated $3.65M sold.

Based on aggregated 13F filings for Q1 2024.