Rigel Resource Acquisition Corp.
RRAC
RRAC was delisted on the 1st of November, 2024.
40 hedge funds and large institutions have $253M invested in Rigel Resource Acquisition Corp. in 2023 Q4 according to their latest regulatory filings, with 3 funds opening new positions, 11 increasing their positions, 8 reducing their positions, and 3 closing their positions.
75% more funds holding in top 10
Funds holding in top 10: 4 → 7 (+3)
38% more repeat investments, than reductions
Existing positions increased: 11 | Existing positions reduced: 8
1% more capital invested
Capital invested by funds: $251M → $253M (+$1.36M)
0% more funds holding
Funds holding: 40 → 40 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PMAM
Picton Mahoney Asset Management
Toronto,
Ontario, Canada
|
+$5.19M |
| 2 |
CM
Cohanzick Management
Pleasantville,
New York
|
+$3.28M |
| 3 |
D.E. Shaw & Co
New York
|
+$2.93M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$2.9M |
| 5 |
ETH
Exos TFP Holdings
New York
|
+$2.34M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
FTCM
Fir Tree Capital Management
New York
|
-$7.4M |
| 2 |
CAC
Cowen and Company
New York
|
-$6.07M |
| 3 |
MSU
Mizuho Securities USA
New York
|
-$2.37M |
| 4 |
SRCM
Sage Rock Capital Management
New York
|
-$1.49M |
| 5 |
SCM
Shaolin Capital Management
Miami,
Florida
|
-$1.48M |
RRAC Hedge Fund Activity: Q4 2023 in Review
40 of the 6,869 institutional investors tracked by Wall St. Rank reported a position in Rigel Resource Acquisition Corp. (RRAC) for Q4 2023, worth a combined $253M — up 0.54% from $251M a quarter earlier.
Fund positioning in RRAC was balanced in Q4 2023: 3 funds opened new positions, 3 closed out, 11 added to existing stakes and 8 trimmed.
The largest buyer was Picton Mahoney Asset Management, adding an estimated $5.19M. The largest seller was Fir Tree Capital Management, cutting an estimated $7.4M.
- 40 institutional investors held Rigel Resource Acquisition Corp. (RRAC) as of Q4 2023, unchanged from Q3 2023.
- Funds reported $253M of Rigel Resource Acquisition Corp. stock for Q4 2023, up 0.54% quarter-over-quarter.
- 3 funds opened new Rigel Resource Acquisition Corp. positions in Q4 2023 and 3 closed out, a net change of 0 holders.
- The largest Rigel Resource Acquisition Corp. buyer in Q4 2023 was Picton Mahoney Asset Management, an estimated $5.19M added.
- The largest Rigel Resource Acquisition Corp. seller in Q4 2023 was Fir Tree Capital Management, an estimated $7.4M sold.
Based on aggregated 13F filings for Q4 2023.