Rigel Resource Acquisition Corp.
RRAC
RRAC was delisted on the 1st of November, 2024.
62 hedge funds and large institutions have $283M invested in Rigel Resource Acquisition Corp. in 2022 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 8 increasing their positions, 12 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
10% more capital invested
Capital invested by funds: $258M → $283M (+$25.8M)
5% more funds holding
Funds holding: 59 → 62 (+3)
33% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Calamos Advisors
Naperville,
Illinois
|
+$20.4M |
| 2 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
+$6M |
| 3 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$3.55M |
| 4 |
HSBC Holdings
London,
United Kingdom
|
+$2.96M |
| 5 |
GCL
Glazer Capital LLC
New York
|
+$2.05M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CCM
Context Capital Management
Lajolla,
California
|
-$6.55M |
| 2 |
Citigroup
New York
|
-$3.85M |
| 3 |
GCM
Ghisallo Capital Management
Boston,
Massachusetts
|
-$3.28M |
| 4 |
HCM
Highbridge Capital Management
New York
|
-$3.03M |
| 5 |
SC
Sculptor Capital
New York
|
-$2.4M |
RRAC Hedge Fund Activity: Q4 2022 in Review
62 of the 6,237 institutional investors tracked by Wall St. Rank reported a position in Rigel Resource Acquisition Corp. (RRAC) for Q4 2022, worth a combined $283M — up 10% from $258M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new RRAC positions and 4 closed out — a net gain of 3 holders — while 8 added to existing stakes and 12 trimmed.
The largest buyer was Calamos Advisors, opening a new position worth an estimated $20.4M. The largest seller was Context Capital Management, exiting entirely with an estimated $6.55M sold.
- 62 institutional investors held Rigel Resource Acquisition Corp. (RRAC) as of Q4 2022, up from 59 in Q3 2022.
- Funds reported $283M of Rigel Resource Acquisition Corp. stock for Q4 2022, up 10% quarter-over-quarter.
- 7 funds opened new Rigel Resource Acquisition Corp. positions in Q4 2022 and 4 closed out, a net change of +3 holders.
- The largest Rigel Resource Acquisition Corp. buyer in Q4 2022 was Calamos Advisors, an estimated $20.4M added.
- The largest Rigel Resource Acquisition Corp. seller in Q4 2022 was Context Capital Management, an estimated $6.55M sold.
Based on aggregated 13F filings for Q4 2022.