Rigel Resource Acquisition Corp.
RRAC
RRAC was delisted on the 1st of November, 2024.
38 hedge funds and large institutions have $268M invested in Rigel Resource Acquisition Corp. in 2024 Q2 according to their latest regulatory filings, with 3 funds opening new positions, 6 increasing their positions, 9 reducing their positions, and 3 closing their positions.
0% more funds holding
Funds holding: 38 → 38 (0)
0% more first-time investments, than exits
New positions opened: 3 | Existing positions closed: 3
1% less capital invested
Capital invested by funds: $269M → $268M (-$1.74M)
22% less funds holding in top 10
Funds holding in top 10: 9 → 7 (-2)
33% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 9
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MC
Meteora Capital
Boca Raton,
Florida
|
+$14.2M |
| 2 |
SCM
Shaolin Capital Management
Miami,
Florida
|
+$6.74M |
| 3 |
CM
Crystalline Management
Montreal, Quebec,
Canada
|
+$4.51M |
| 4 |
Hudson Bay Capital Management
Stamford,
Connecticut
|
+$2.08M |
| 5 |
CS
Clear Street
New York
|
+$1.28M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAC
Cowen and Company
New York
|
-$10.2M |
| 2 |
RCM
Radcliffe Capital Management
Bala Cynwyd,
Pennsylvania
|
-$6.35M |
| 3 |
WRBC
W.R. Berkley Corp
Greenwich,
Connecticut
|
-$4.89M |
| 4 |
CC
Centiva Capital
New York
|
-$4.22M |
| 5 |
PC
Periscope Capital
Toronto,
Ontario, Canada
|
-$3.97M |
RRAC Hedge Fund Activity: Q2 2024 in Review
38 of the 6,935 institutional investors tracked by Wall St. Rank reported a position in Rigel Resource Acquisition Corp. (RRAC) for Q2 2024, worth a combined $268M — down 0.65% from $269M a quarter earlier.
Fund positioning in RRAC was balanced in Q2 2024: 3 funds opened new positions, 3 closed out, 6 added to existing stakes and 9 trimmed.
The largest buyer was Meteora Capital, adding an estimated $14.2M. The largest seller was Cowen and Company, cutting an estimated $10.2M.
- 38 institutional investors held Rigel Resource Acquisition Corp. (RRAC) as of Q2 2024, unchanged from Q1 2024.
- Funds reported $268M of Rigel Resource Acquisition Corp. stock for Q2 2024, down 0.65% quarter-over-quarter.
- 3 funds opened new Rigel Resource Acquisition Corp. positions in Q2 2024 and 3 closed out, a net change of 0 holders.
- The largest Rigel Resource Acquisition Corp. buyer in Q2 2024 was Meteora Capital, an estimated $14.2M added.
- The largest Rigel Resource Acquisition Corp. seller in Q2 2024 was Cowen and Company, an estimated $10.2M sold.
Based on aggregated 13F filings for Q2 2024.