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RRAC

Rigel Resource Acquisition Corp.
RRAC

Delisted

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

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18 hedge funds and large institutions have $74.9M invested in Rigel Resource Acquisition Corp. in 2024 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 9 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

53% less funds holding

Funds holding: 38 → 18 (-20)

71% less funds holding in top 10

Funds holding in top 10: 7 → 2 (-5)

72% less capital invested

Capital invested by funds: $268M → $74.9M (-$193M)

78% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 9

91% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 22

Holders
18
Holders Change
-20
Holders Change %
-52.63%
% of All Funds
0.26%
Holding in Top 10
2
Holding in Top 10 Change
-5
Holding in Top 10 Change %
-71.43%
% of All Funds
0.03%
New
2
Increased
2
Reduced
9
Closed
22
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
CAC
Cowen and Company
New York
+$2.68M
2
WAM
Wolverine Asset Management
Illinois
+$2.16M
3
QL
Quarry LP
New York
+$2M
4
UBS Group
UBS Group
Switzerland
+$422

Top Sellers

Rank Fund Capital Flow
1
FTCM
First Trust Capital Management
Illinois
-$28.4M
2
Calamos Advisors
Calamos Advisors
Illinois
-$17M
3
WCMNY
Westchester Capital Management (New York)
New York
-$15M
4
MSU
Mizuho Securities USA
New York
-$14.8M
5
PMAM
Picton Mahoney Asset Management
Ontario, Canada
-$13.9M
Name Holding Trade Value Shares
Change 		Change in
Stake
AMC
26
Atlas Merchant Capital
New York
– -$5.67M -500,000 Closed
FSI
27
Flow State Investments
Illinois
– -$5.67M -500,000 Closed
UOC
28
UBS O'Connor
Illinois
– -$5.24M -462,203 Closed
TCM
29
Tenor Capital Management
New York
– -$5.1M -450,000 Closed
CM
30
Crystalline Management
Canada
– -$4.53M -400,000 Closed
KIM
31
Karpus Investment Management
New York
– -$4.2M -371,000 Closed
CA
32
Crossingbridge Advisors
New York
– -$3.43M -302,700 Closed
D.E. Shaw & Co
33
D.E. Shaw & Co
New York
– -$3.03M -267,479 Closed
HIM
34
HGC Investment Management
Ontario, Canada
– -$1.13M -100,000 Closed
HSBC Holdings
35
HSBC Holdings
United Kingdom
– -$1.13M -100,000 Closed
BCM
36
BCK Capital Management
Connecticut
– -$841K -74,268 Closed
BI
37
Bulldog Investors
New Jersey
– -$712K -62,810 Closed
FTCM
38
Fir Tree Capital Management
New York
– -$452K -39,868 Closed
Walleye Capital
39
Walleye Capital
New York
– -$364K -32,128 Closed
Walleye Trading
40
Walleye Trading
New York
– -$205K -18,072 Closed
1
2

RRAC Hedge Fund Activity: Q3 2024 in Review

18 of the 6,964 institutional investors tracked by Wall St. Rank reported a position in Rigel Resource Acquisition Corp. (RRAC) for Q3 2024, worth a combined $74.9M — down 72% from $268M a quarter earlier.

Sellers outnumbered buyers: 22 funds closed out of RRAC and 2 opened new positions — a net loss of 20 holders — while 9 trimmed existing stakes and 2 added.

The largest buyer was Cowen and Company, adding an estimated $2.68M. The largest seller was First Trust Capital Management, exiting entirely with an estimated $28.4M sold.

  • 18 institutional investors held Rigel Resource Acquisition Corp. (RRAC) as of Q3 2024, down from 38 in Q2 2024.
  • Funds reported $74.9M of Rigel Resource Acquisition Corp. stock for Q3 2024, down 72% quarter-over-quarter.
  • 2 funds opened new Rigel Resource Acquisition Corp. positions in Q3 2024 and 22 closed out, a net change of -20 holders.
  • The largest Rigel Resource Acquisition Corp. buyer in Q3 2024 was Cowen and Company, an estimated $2.68M added.
  • The largest Rigel Resource Acquisition Corp. seller in Q3 2024 was First Trust Capital Management, an estimated $28.4M sold.

Based on aggregated 13F filings for Q3 2024.