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.
14 hedge funds and large institutions have $43.2M invested in Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant in 2022 Q2 according to their latest regulatory filings, with 1 funds opening new positions, 1 increasing their positions, 2 reducing their positions, and 4 closing their positions.
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
18% less funds holding
Funds holding: 17 → 14 (-3)
19% less capital invested
Capital invested by funds: $53.4M → $43.2M (-$10.2M)
50% less repeat investments, than reductions
Existing positions increased: 1 | Existing positions reduced: 2
75% less first-time investments, than exits
New positions opened: 1 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WAM
Wolverine Asset Management
Chicago,
Illinois
|
+$16.6K |
| 2 |
Walleye Capital
New York
|
+$30 |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCM
Ghisallo Capital Management
Boston,
Massachusetts
|
-$3.54M |
| 2 |
MP
Mangrove Partners
Greenwich,
Connecticut
|
-$3.53M |
| 3 |
SGM
Seven Grand Managers
Bronxville,
New York
|
-$1.12M |
| 4 |
MF
Magnetar Financial
Evanston,
Illinois
|
-$519K |
| 5 |
SSA
Schonfeld Strategic Advisors
New York
|
-$424K |
RRAC.U Hedge Fund Activity: Q2 2022 in Review
14 of the 5,960 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 Q2 2022, worth a combined $43.2M — down 19% from $53.4M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of RRAC.U and 1 opened new positions — a net loss of 3 holders — while 2 trimmed existing stakes and 1 added.
The largest buyer was Wolverine Asset Management, opening a new position worth an estimated $16.6K. The largest seller was Ghisallo Capital Management, exiting entirely with an estimated $3.54M sold.
- 14 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 Q2 2022, down from 17 in Q1 2022.
- Funds reported $43.2M of Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant stock for Q2 2022, down 19% quarter-over-quarter.
- 1 fund opened new Rigel Resource Acquisition Corp. Units, each consisting of one Class A ordinary share, and one-half of one redeemable warrant positions in Q2 2022 and 4 closed out, a net change of -3 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 Q2 2022 was Wolverine Asset Management, an estimated $16.6K 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 Q2 2022 was Ghisallo Capital Management, an estimated $3.54M sold.
Based on aggregated 13F filings for Q2 2022.