Rigel Resource Acquisition Corp.
RRAC
RRAC was delisted on the 1st of November, 2024.
61 hedge funds and large institutions have $302M invested in Rigel Resource Acquisition Corp. in 2023 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 10 increasing their positions, 7 reducing their positions, and 10 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 7
6% more capital invested
Capital invested by funds: $283M → $302M (+$18.1M)
0% more first-time investments, than exits
New positions opened: 10 | Existing positions closed: 10
2% less funds holding
Funds holding: 62 → 61 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
JP Morgan Chase
New York
|
+$10.4M |
| 2 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$9.92M |
| 3 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
+$9.08M |
| 4 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$6.97M |
| 5 |
QL
Quarry LP
New York
|
+$5.5M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SC
Sculptor Capital
New York
|
-$10.4M |
| 2 |
Marshall Wace
London,
United Kingdom
|
-$9.89M |
| 3 |
WAM
Weiss Asset Management
Boston,
Massachusetts
|
-$6.29M |
| 4 |
Millennium Management
New York
|
-$6.19M |
| 5 |
HCM
Highbridge Capital Management
New York
|
-$5.9M |
RRAC Hedge Fund Activity: Q1 2023 in Review
61 of the 6,283 institutional investors tracked by Wall St. Rank reported a position in Rigel Resource Acquisition Corp. (RRAC) for Q1 2023, worth a combined $302M — up 6.4% from $283M a quarter earlier.
Fund positioning in RRAC was balanced in Q1 2023: 10 funds opened new positions, 10 closed out, 10 added to existing stakes and 7 trimmed.
The largest buyer was JP Morgan Chase, opening a new position worth an estimated $10.4M. The largest seller was Sculptor Capital, cutting an estimated $10.4M.
- 61 institutional investors held Rigel Resource Acquisition Corp. (RRAC) as of Q1 2023, down from 62 in Q4 2022.
- Funds reported $302M of Rigel Resource Acquisition Corp. stock for Q1 2023, up 6.4% quarter-over-quarter.
- 10 funds opened new Rigel Resource Acquisition Corp. positions in Q1 2023 and 10 closed out, a net change of 0 holders.
- The largest Rigel Resource Acquisition Corp. buyer in Q1 2023 was JP Morgan Chase, an estimated $10.4M added.
- The largest Rigel Resource Acquisition Corp. seller in Q1 2023 was Sculptor Capital, an estimated $10.4M sold.
Based on aggregated 13F filings for Q1 2023.