We are live on ! Find out more
RRAC

Rigel Resource Acquisition Corp.
RRAC

Delisted

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

Back to rankings

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.

New
Increased
Maintained
Reduced
Closed

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

Holders
40
Holders Change
-16
Holders Change %
-28.57%
% of All Funds
0.63%
Holding in Top 10
4
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+300%
% of All Funds
0.06%
New
10
Increased
10
Reduced
11
Closed
26
Calls
$109K
Puts
–
Net Calls
+$109K
Net Calls Change
+$22.4M

Top Buyers

Rank Fund Capital Flow
1
MSU
Mizuho Securities USA
New York
+$14.2M
2
WRBC
W.R. Berkley Corp
Connecticut
+$10.5M
3
CCA
Castle Creek Arbitrage
Colorado
+$9.2M
4
SCM
Shaolin Capital Management
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
Adage Capital Partners
Massachusetts
-$10.7M
3
TCA
Taconic Capital Advisors
New York
-$9.88M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$7M
5
PSAMP
P. Schoenfeld Asset Management (PSAM)
New York
-$6.32M
Name Holding Trade Value Shares
Change 		Change in
Stake
ACM
51
Atalaya Capital Management
New York
– -$1.88M -175,000 Closed
LP
52
LMR Partners
United Kingdom
– -$1.61M -150,000 Closed
BI
53
Bulldog Investors
New Jersey
– -$1.51M -141,210 Closed
RL
54
RPO LLC
Connecticut
– -$1.11M -103,121 Closed
6CM
55
683 Capital Management
New York
– -$1.07M -100,000 Closed
DCM
56
Dupont Capital Management
Delaware
– -$1.07M -100,000 Closed
Toronto Dominion Bank
57
Toronto Dominion Bank
Ontario, Canada
– -$1.07M -100,000 Closed
WA
58
Whitebox Advisors
Minnesota
– -$1.07M -100,000 Closed
LCM
59
Landscape Capital Management
New Jersey
– -$943K -88,002 Closed
HF
60
HRT Financial
New York
– -$575K -53,668 Closed
Capstone Investment Advisors
61
Capstone Investment Advisors
New York
– -$536K -50,000 Closed
OAC
62
OMERS Administration Corp
Ontario, Canada
– -$536K -50,000 Closed
SOA
63
Sea Otter Advisors
Florida
– -$536K -50,000 Closed
VI
64
Vestcor Inc
New Brunswick, Canada
– -$536K -50,000 Closed
BFM
65
Boothbay Fund Management
New York
– -$497K -46,404 Closed
VF
66
Virtu Financial
New York
– -$180K -16,832 Closed
1 2
3

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.