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RRAC

Rigel Resource Acquisition Corp.
RRAC

Delisted

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

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59 hedge funds and large institutions have $258M invested in Rigel Resource Acquisition Corp. in 2022 Q3 according to their latest regulatory filings, with 4 funds opening new positions, 7 increasing their positions, 8 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

33% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 3

2% more funds holding

Funds holding: 58 → 59 (+1)

4% more capital invested

Capital invested by funds: $248M → $258M (+$9.29M)

13% less repeat investments, than reductions

Existing positions increased: 7 | Existing positions reduced: 8

Holders
59
Holders Change
+1
Holders Change %
+1.72%
% of All Funds
1.02%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
4
Increased
7
Reduced
8
Closed
3
Calls
$101K
Puts
–
Net Calls
+$101K
Net Calls Change
+$2K

Top Buyers

Rank Fund Capital Flow
1
MF
Magnetar Financial
Illinois
+$4.36M
2
Millennium Management
Millennium Management
New York
+$3.8M
3
HCM
Highbridge Capital Management
New York
+$3.61M
4
ACM
Atalaya Capital Management
New York
+$3.51M
5
AC
Aristeia Capital
Connecticut
+$1.7M

Top Sellers

Rank Fund Capital Flow
1
HIM
HGC Investment Management
Ontario, Canada
-$4.11M
2
Goldman Sachs
Goldman Sachs
New York
-$3.51M
3
PC
Periscope Capital
Ontario, Canada
-$1.71M
4
CC
Centiva Capital
New York
-$979K
5
ECU
Eisler Capital (UK)
United Kingdom
-$976K
Name Holding Trade Value Shares
Change 		Change in
Stake
SC
1
Sculptor Capital
New York
$25.2M +$1K +100 +0%
SCM
2
Saba Capital Management
New York
$15.4M – – –
TCA
3
Taconic Capital Advisors
New York
$13.8M – – –
Millennium Management
4
Millennium Management
New York
$12.8M +$3.8M +378,964 +42%
KL
5
KIM LLC
Kansas
$10.1M – – –
Adage Capital Partners
6
Adage Capital Partners
Massachusetts
$10.1M – – –
Marshall Wace
7
Marshall Wace
United Kingdom
$9.7M – – –
AC
8
Aristeia Capital
Connecticut
$9.6M +$1.7M +170,000 +22%
HCM
9
Highbridge Capital Management
New York
$8.79M +$3.61M +359,834 +70%
Verition Fund Management
10
Verition Fund Management
Connecticut
$8.69M – – –
RCM
11
Radcliffe Capital Management
Pennsylvania
$6.75M – – –
CCM
12
Context Capital Management
California
$6.55M – – –
WAM
13
Weiss Asset Management
Massachusetts
$6.17M – – –
SCM
14
Shaolin Capital Management
Florida
$5.85M +$239K +23,833 +4%
CSS
15
Cubist Systematic Strategies
Connecticut
$5.31M -$204K -20,386 -4%
AMH
16
Apollo Management Holdings
New York
$5.04M – – –
Hudson Bay Capital Management
17
Hudson Bay Capital Management
Connecticut
$5.04M – – –
Balyasny Asset Management
18
Balyasny Asset Management
Illinois
$4.86M – – –
UOC
19
UBS O'Connor
Illinois
$4.82M -$479K -47,777 -9%
D.E. Shaw & Co
20
D.E. Shaw & Co
New York
$4.57M – – –
DKCM
21
Davidson Kempner Capital Management
New York
$4.54M – – –
TCM
22
Tenor Capital Management
New York
$4.54M – – –
FTCM
23
Fir Tree Capital Management
New York
$4.53M – – –
MF
24
Magnetar Financial
Illinois
$4.39M +$4.36M +435,025 New
PC
25
Periscope Capital
Ontario, Canada
$4.3M -$1.71M -170,500 -29%
1
2 3

RRAC Hedge Fund Activity: Q3 2022 in Review

59 of the 5,805 institutional investors tracked by Wall St. Rank reported a position in Rigel Resource Acquisition Corp. (RRAC) for Q3 2022, worth a combined $258M — up 3.7% from $248M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new RRAC positions and 3 closed out — a net gain of 1 holder — while 7 added to existing stakes and 8 trimmed.

The largest buyer was Magnetar Financial, opening a new position worth an estimated $4.36M. The largest seller was HGC Investment Management, cutting an estimated $4.11M.

  • 59 institutional investors held Rigel Resource Acquisition Corp. (RRAC) as of Q3 2022, up from 58 in Q2 2022.
  • Funds reported $258M of Rigel Resource Acquisition Corp. stock for Q3 2022, up 3.7% quarter-over-quarter.
  • 4 funds opened new Rigel Resource Acquisition Corp. positions in Q3 2022 and 3 closed out, a net change of +1 holder.
  • The largest Rigel Resource Acquisition Corp. buyer in Q3 2022 was Magnetar Financial, an estimated $4.36M added.
  • The largest Rigel Resource Acquisition Corp. seller in Q3 2022 was HGC Investment Management, an estimated $4.11M sold.

Based on aggregated 13F filings for Q3 2022.