Rigel Resource Acquisition Corp.
RRAC
RRAC was delisted on the 1st of November, 2024.
56 hedge funds and large institutions have $287M invested in Rigel Resource Acquisition Corp. in 2023 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 7 increasing their positions, 14 reducing their positions, and 10 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
5% less capital invested
Capital invested by funds: $302M → $287M (-$14.3M)
8% less funds holding
Funds holding: 61 → 56 (-5)
40% less first-time investments, than exits
New positions opened: 6 | Existing positions closed: 10
50% less repeat investments, than reductions
Existing positions increased: 7 | Existing positions reduced: 14
100% less call options, than puts
Call options by funds: $107K | Put options by funds: $22.4M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
+$16.4M |
| 2 |
FTCM
First Trust Capital Management
Chicago,
Illinois
|
+$10.6M |
| 3 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$6.47M |
| 4 |
CC
Centiva Capital
New York
|
+$5.34M |
| 5 |
KIM
Karpus Investment Management
Pittsford,
New York
|
+$4.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AC
Aristeia Capital
Greenwich,
Connecticut
|
-$18.5M |
| 2 |
JP Morgan Chase
New York
|
-$10.5M |
| 3 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$8.47M |
| 4 |
QL
Quarry LP
New York
|
-$5.55M |
| 5 |
TCA
Taconic Capital Advisors
New York
|
-$5.29M |
RRAC Hedge Fund Activity: Q2 2023 in Review
56 of the 6,369 institutional investors tracked by Wall St. Rank reported a position in Rigel Resource Acquisition Corp. (RRAC) for Q2 2023, worth a combined $287M — down 4.8% from $302M a quarter earlier.
Sellers outnumbered buyers: 10 funds closed out of RRAC and 6 opened new positions — a net loss of 4 holders — while 14 trimmed existing stakes and 7 added.
The largest buyer was Cowen and Company, opening a new position worth an estimated $16.4M. The largest seller was Aristeia Capital, exiting entirely with an estimated $18.5M sold.
- 56 institutional investors held Rigel Resource Acquisition Corp. (RRAC) as of Q2 2023, down from 61 in Q1 2023.
- Funds reported $287M of Rigel Resource Acquisition Corp. stock for Q2 2023, down 4.8% quarter-over-quarter.
- 6 funds opened new Rigel Resource Acquisition Corp. positions in Q2 2023 and 10 closed out, a net change of -4 holders.
- The largest Rigel Resource Acquisition Corp. buyer in Q2 2023 was Cowen and Company, an estimated $16.4M added.
- The largest Rigel Resource Acquisition Corp. seller in Q2 2023 was Aristeia Capital, an estimated $18.5M sold.
Based on aggregated 13F filings for Q2 2023.