Rigel Resource Acquisition Corp.
RRAC
RRAC was delisted on the 1st of November, 2024.
38 hedge funds and large institutions have $269M invested in Rigel Resource Acquisition Corp. in 2024 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 6 increasing their positions, 8 reducing their positions, and 5 closing their positions.
29% more funds holding in top 10
Funds holding in top 10: 7 → 9 (+2)
7% more capital invested
Capital invested by funds: $253M → $269M (+$16.5M)
4.28% more ownership
Funds ownership: 93.85% → 98.13% (+4.3%)
5% less funds holding
Funds holding: 40 → 38 (-2)
20% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 5
25% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 8
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DI
DUMAC Inc
Durham,
North Carolina
|
+$11.1M |
| 2 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
+$8.78M |
| 3 |
MSU
Mizuho Securities USA
New York
|
+$3.47M |
| 4 |
WCMNY
Westchester Capital Management (New York)
Valhalla,
New York
|
+$1.45M |
| 5 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$783K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$3.65M |
| 2 |
CM
Cohanzick Management
Pleasantville,
New York
|
-$3.29M |
| 3 |
JP Morgan Chase
New York
|
-$2.47M |
| 4 |
KPF
K2 Principal Fund
Toronto,
Ontario, Canada
|
-$2.08M |
| 5 |
CAC
Cowen and Company
New York
|
-$1.74M |
RRAC Hedge Fund Activity: Q1 2024 in Review
38 of the 6,958 institutional investors tracked by Wall St. Rank reported a position in Rigel Resource Acquisition Corp. (RRAC) for Q1 2024, worth a combined $269M — up 6.5% from $253M a quarter earlier.
Sellers outnumbered buyers: 5 funds closed out of RRAC and 4 opened new positions — a net loss of 1 holder — while 8 trimmed existing stakes and 6 added.
The largest buyer was DUMAC Inc, opening a new position worth an estimated $11.1M. The largest seller was Periscope Capital, cutting an estimated $3.65M.
- 38 institutional investors held Rigel Resource Acquisition Corp. (RRAC) as of Q1 2024, down from 40 in Q4 2023.
- Funds reported $269M of Rigel Resource Acquisition Corp. stock for Q1 2024, up 6.5% quarter-over-quarter.
- 4 funds opened new Rigel Resource Acquisition Corp. positions in Q1 2024 and 5 closed out, a net change of -1 holder.
- The largest Rigel Resource Acquisition Corp. buyer in Q1 2024 was DUMAC Inc, an estimated $11.1M added.
- The largest Rigel Resource Acquisition Corp. seller in Q1 2024 was Periscope Capital, an estimated $3.65M sold.
Based on aggregated 13F filings for Q1 2024.