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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 $268M invested in Rigel Resource Acquisition Corp. in 2024 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

0% more funds holding

Funds holding: 38 → 38 (0)

0% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 3

1% less capital invested

Capital invested by funds: $269M → $268M (-$1.74M)

22% less funds holding in top 10

Funds holding in top 10: 9 → 7 (-2)

33% less repeat investments, than reductions

Existing positions increased: 6 | Existing positions reduced: 9

Holders
38
Holders Change
–
Holders Change %
0%
% of All Funds
0.55%
Holding in Top 10
7
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-22.22%
% of All Funds
0.1%
New
3
Increased
6
Reduced
9
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
MC
Meteora Capital
Florida
+$14.2M
2
SCM
Shaolin Capital Management
Florida
+$6.74M
3
CM
Crystalline Management
Canada
+$4.51M
4
Hudson Bay Capital Management
Hudson Bay Capital Management
Connecticut
+$2.08M
5
CS
Clear Street
New York
+$1.28M

Top Sellers

Rank Fund Capital Flow
1
CAC
Cowen and Company
New York
-$10.2M
2
RCM
Radcliffe Capital Management
Pennsylvania
-$6.35M
3
WRBC
W.R. Berkley Corp
Connecticut
-$4.89M
4
CC
Centiva Capital
New York
-$4.22M
5
PC
Periscope Capital
Ontario, Canada
-$3.97M
Name Holding Trade Value Shares
Change 		Change in
Stake
RCM
26
Radcliffe Capital Management
Pennsylvania
$1.95M -$6.35M -563,215 -77%
SRCM
27
Sage Rock Capital Management
New York
$1.7M – – –
WAM
28
Wolverine Asset Management
Illinois
$1.65M -$357K -31,673 -18%
CAC
29
Cowen and Company
New York
$1.3M -$10.2M -904,390 -89%
CS
30
Clear Street
New York
$1.29M +$1.28M +113,761 New
SFM
31
Spartan Fund Management
Canada
$1.13M -$1.41M -125,396 -56%
HIM
32
HGC Investment Management
Ontario, Canada
$1.13M – – –
HSBC Holdings
33
HSBC Holdings
United Kingdom
$1.13M – – –
BCM
34
BCK Capital Management
Connecticut
$841K – – –
BI
35
Bulldog Investors
New Jersey
$712K +$708K +62,810 New
FTCM
36
Fir Tree Capital Management
New York
$452K -$202K -17,951 -31%
Walleye Capital
37
Walleye Capital
New York
$364K – – –
Walleye Trading
38
Walleye Trading
New York
$205K – – –
EAM
39
Exos Asset Management
New York
– -$3.42M -305,975 Closed
GCL
40
Glazer Capital LLC
New York
– -$1.02M -91,134 Closed
VF
41
Virtu Financial
New York
– -$267K -23,900 Closed
1
2

RRAC Hedge Fund Activity: Q2 2024 in Review

38 of the 6,924 institutional investors tracked by Wall St. Rank reported a position in Rigel Resource Acquisition Corp. (RRAC) for Q2 2024, worth a combined $268M — down 0.65% from $269M a quarter earlier.

Fund positioning in RRAC was balanced in Q2 2024: 3 funds opened new positions, 3 closed out, 6 added to existing stakes and 9 trimmed.

The largest buyer was Meteora Capital, adding an estimated $14.2M. The largest seller was Cowen and Company, cutting an estimated $10.2M.

  • 38 institutional investors held Rigel Resource Acquisition Corp. (RRAC) as of Q2 2024, unchanged from Q1 2024.
  • Funds reported $268M of Rigel Resource Acquisition Corp. stock for Q2 2024, down 0.65% quarter-over-quarter.
  • 3 funds opened new Rigel Resource Acquisition Corp. positions in Q2 2024 and 3 closed out, a net change of 0 holders.
  • The largest Rigel Resource Acquisition Corp. buyer in Q2 2024 was Meteora Capital, an estimated $14.2M added.
  • The largest Rigel Resource Acquisition Corp. seller in Q2 2024 was Cowen and Company, an estimated $10.2M sold.

Based on aggregated 13F filings for Q2 2024.