Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant
RRAC.U
RRAC.U was delisted on the 13th of September, 2024.
17 hedge funds and large institutions have $53.4M invested in Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant in 2022 Q1 according to their latest regulatory filings, with 2 funds opening new positions, increasing their positions, 6 reducing their positions, and 39 closing their positions.
69% less funds holding
Funds holding: 54 → 17 (-37)
72% less capital invested
Capital invested by funds: $193M → $53.4M (-$140M)
95% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 39
100% less repeat investments, than reductions
Existing positions increased: 0 | Existing positions reduced: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DI
DUMAC Inc
Durham,
North Carolina
|
+$10.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
TCA
Taconic Capital Advisors
New York
|
-$10.6M |
| 2 |
Adage Capital Partners
Boston,
Massachusetts
|
-$10.1M |
| 3 |
SCC
Spring Creek Capital
Wichita,
Kansas
|
-$10.1M |
| 4 |
SC
Sculptor Capital
New York
|
-$9.35M |
| 5 |
Verition Fund Management
Greenwich,
Connecticut
|
-$8.15M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
AllianceBernstein
Nashville,
Tennessee
| – | -$504K | -50,000 | Closed |
|
52
Capstone Investment Advisors
New York
| – | -$507K | -50,000 | Closed |
|
|
OAC
53
OMERS Administration Corp
Toronto,
Ontario, Canada
| – | -$507K | -50,000 | Closed |
|
|
VI
54
Vestcor Inc
Fredericton,
New Brunswick, Canada
| – | -$507K | -50,000 | Closed |
|
|
SRCM
55
Sage Rock Capital Management
New York
| – | -$300K | -29,600 | Closed |
|
|
AA
56
Ancora Advisors
Cleveland,
Ohio
| – | -$203K | -20,000 | Closed |
|
RRAC.U Hedge Fund Activity: Q1 2022 in Review
17 of the 6,341 institutional investors tracked by Wall St. Rank reported a position in Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant (RRAC.U) for Q1 2022, worth a combined $53.4M — down 72% from $193M a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of RRAC.U and 2 opened new positions — a net loss of 37 holders — while 6 trimmed existing stakes and 0 added.
The largest buyer was DUMAC Inc, opening a new position worth an estimated $10.1M. The largest seller was Taconic Capital Advisors, exiting entirely with an estimated $10.6M sold.
- 17 institutional investors held Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant (RRAC.U) as of Q1 2022, down from 54 in Q4 2021.
- Funds reported $53.4M of Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant stock for Q1 2022, down 72% quarter-over-quarter.
- 2 funds opened new Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant positions in Q1 2022 and 39 closed out, a net change of -37 holders.
- The largest Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant buyer in Q1 2022 was DUMAC Inc, an estimated $10.1M added.
- The largest Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant seller in Q1 2022 was Taconic Capital Advisors, an estimated $10.6M sold.
Based on aggregated 13F filings for Q1 2022.